IE Master of Science Innovation Management

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1 10 December 2015 IE MSc Innovation Management IE MSc IM IE Master of Science Innovation Management 10 December 2015 Dr. Frans M. van Eijnatten Program Director For more information: Or contact: Dr. Frans M. van Eijnatten Pav. J.08 HPM, tel.: , Department of Industrial Engineering and Innovation Sciences Technische Universiteit Eindhoven

2 Contents of this Welcome Presentation IE Master Innovation Management Introduction & Welcome Short Overview of the MSc Innovation Management Program Student Presentation Honors Program Mens Agitat Molem It is the human mind that is changing the matter Sacrada Familia TU/e Champion Solar Energy- Positive' Family Car TU/e Champion 2013/ 2014/ 2015 TU/e s Master of Innovation Management is the TBdk Champion in 2014 and 2015 Football Robot TU/e Champion 2013/ 2014 Guide to Masters February 2014/ PAGE 1

3 Introduction Eindhoven: The Ultimate experience Eindhoven: Brainport and High-Tech Campus Eindhoven holds a strategic position as one of Western Europe s leading technology centers. Originally, Philips built a high-tech campus where many global companies have established development and production facilities. The Eindhoven region is recognized by the Dutch government as one of the three mainports in the Netherlands, alongside Amsterdam Schiphol Airport and the Port of Rotterdam. Eindhoven and the surrounding region is referred to as Brainport'. PAGE 2

4 Introduction: Bachelor Foundations and Master Specializations of Industrial Engineering Industrial Engineering at TU/e PAGE 3

5 Introduction IE MSc Innovation Management The two-year master program Innovation Management (IM) at TU/e Eindhoven conveys scientific theories, tools and techniques to manage and improve innovations both within and across companies. You will learn how to apply the knowledge that you gain in carrying out research in innovation management and in industrial applications. You will also learn ways to analyze the current innovative performance of a company, how to explain it in terms of quality, cost and time, and how to improve this performance by re-engineering innovation processes. PAGE 4

6 Short Preview of IE MSc IM Contents Trends in Innovation Shorter product life cycles Crowd sourcing; new business models Increasing external collaborations including co-creating with customers Increased interrelatedness of markets Increased attention for transferring technology from universities to market; entrepreneurship Note that the Eindhoven area ranks #1 patent wise. It was declared the world s smartest region in PAGE 5

7 Short Preview of IE MSc IM Contents Product Development as a Business Process Stage-Gate Product Innovation Process From Idea to Launch Robert G. Cooper Source: Cooper, R.G. (2008), Perspective: the stage-gate idea-to-launch process: update, what s new, and Nextgen systems, Journal of Product Innovation Management, 25 (3), PAGE 6

8 Short Preview of IE MSc IM Contents The New Management Challenge From Closed Innovation To Open Innovation Henry Chesbrough Source: Chesbrough, H. (2003). Open Innovation: The New Imperative for Creating and Profiting from Technology. Cambridge, MA: Harvard Business School Press. PAGE 7

9 Short Preview of IE MSc IM Contents Product Development as a Business Process Product Innovation: A Multi-Disciplinary Process PAGE 8

10 IE MSc Innovation Management IE Master Program IM Main Characteristics of the IE MSc IM at TU/e Theory-driven, multi-disciplinary, and project-like focus on the firm s innovation process: Understanding, modeling and redesigning the process of innovation Also, entrepreneurship is an important theme Learning by reflection and application: Highly interactive lectures, assignments and group work Topics related to research of the school s professors Close ties with the Incubator and Hightech Campus Apply knowledge in academia, industry and consulting contexts PAGE 9

11 IE MSc Innovation Management IE Master Program IM Main Characteristics of the IE MSc IM at TU/e Understanding the innovation challenge and the processes of firms: Project management and human aspects involved Strategic and market driven issues Entrepreneurial / Intrapreneurial issues Perspective of the engineer: Focus on radical vs incremental innovation Open innovation Entrepreneurial / intrapreneurial spirit Mens Agitat Molem It is the human mind that is changing the matter PAGE 10

12 IE MSc Innovation Management IE Master Program IM Administrative Details of the IE MSc IM Year 1 Year 2 50/ 50% Core courses and electives, i.e., 30 ECTS each: 6 x 5 ECTS core courses focus on main Innovation Management content and methodology Similar share of specialization and free electives, i.e. 30 ECTS International Semester, i.e., ECTS: Minimum of 3 x 5 ECTS free elective courses at a foreign university, or Maximum of 6 x 5 ECTS free elective courses at TU/e. This may include a literature study for the master thesis Master thesis: 30 ECTS Master thesis: (30 ECTS, research proposal included) Opportunities for a honours track in design or research (20 ECTS) Attention: All master courses will be taught within a quarter (= 3 months), instead of a whole semester (= 6 months) 1 ECTS = 28 hours of study; 1 Course = 5 ECTS = 140 hrs of study; 1 Quarter = 420 hrs; 1 Semester = 2Q = 840 hrs; 1 Year = 2S = 1680 hrs; IM Curriculum = 2Y = 3360 hrs of study. PAGE 11

13 IE MSc Innovation Management IE Master Program IM Basic Program Structure of the IE MSc IM PAGE 12

14 IE MSc Innovation Management IE Master Program IM IE MSc IM: Core Courses = 30 ECTS Management of Product Development (5 ECTS) Marketing and Innovation (5 ECTS) Human Aspects of Innovation (5 ECTS) Multivariate Statistics (5 ECTS) Business Intelligence (5 ECTS) Design Science Methodology (5 ECTS) Content Method All core courses of the IE MSc IM are taught in Year 1 (Q1 & Q3) PAGE 13

15 IE MSc Innovation Management IE Master Program IM Track Specialization Electives IE MSc IM *) IM Track 1: Business and Product Creation (BPC) Restricted Specialization Elective: Design Project for Business & Product Creation Recommended Specialization Electives: Technology entrepreneurship; Open innovation; Entrepreneurial finance; Entrepreneurial marketing; Selling new products; System dynamics; Software requirements management; Innovating healthcare through business networks; Managing team dynamics and team performance IM Track 2: Managing Innovation Processes (MIP) Restricted Specialization Elective: Design Project for Managing Innovation Processes Recommended Specialization Electives: Strategy & technology management; System dynamics; Project & process management; Strategic sourcing & supply management; Service engineering & marketing; Selling new products; Business process management; Managing team dynamics and team performance; IT governance IM Track 3: Special / Free Track, For Top 10% of Students, only Special Track / Free Track, reserved for the honours programs in research and design, and dual-degree options; All specialization and free electives to be suggested by the personal mentor, and to be approved by the Research Director IE in case of the honours programs, or by the Program Managers in case of the dual-degree program *) Restricted Specialization Electives are based on the IM Program Objectives. Recommended specialization electives: 5 out of 9. One of the Recommended Specialization Electives might be exchanged by a Free Elective. Each Specialization Elective = 5 ECTS Tracks 1-3 contain thematic groupings of specialization electives, which are taught in Year 1. The choice for a track is compulsory and final! PAGE 14

16 IE MSc Innovation Management IE Master Program IM IM Specialization Track 1 This track focuses on the fore front of the innovation process In this track the focus is on creative idea generation, opportunity identification, entrepreneurial actions, and initiating break-through projects Master Track Event Presentation PAGE 15

17 IM Track 1: Business and Product Creation Description: This track emphasizes the front end of the innovation process and teaches students the essence of creative idea generation, opportunity identification, entrepreneurial actions, and initiating break-through projects. Key Words: Radically new products, entrepreneurial, creative, idea generation, risk seeking, breakthrough, exploration, small scale, new busines, effectuation, ideation Examples: new application areas ( smart cities, smart houses, smart mobility, smart energy ), new business models, new (societal) problems, new media, e-business, internet of things (e.g., telemetry), high-tech start-ups, micro businesses Job Market Positions: IE MSc Innovation Management IE Master Program IM Multinational: Business engineer; sales engineer; innovation excellence advisor, project and program manager Consultant for multinational: Business analist strategy; junior project manager Consultant for SME: Strategy consultant; business developer; innovation marketeer, business creation manager Small company: CEO & founder; managing director; director business development; head of ecosystem; technical project manager PAGE 16

18 IE MSc Innovation Management IE Master Program IM IM Track 1: Business and Product Creation PAGE 17

19 IE MSc Innovation Management IE Master Program IM IM Specialization Track 2 This track focuses on the back end of the innovation process In this track, the focus will be on continuous improvement, planning the innovation process, analysing the market, and managing supporting processes PAGE 18

20 IM Track 2: Managing Innovation Processes Description: In this track, the focus will be on continuous improvement, planning the innovation process, analysing the market, managing supporting processes such as IT and human capital, securing efficiency and milestones, larger developments, and firms in more stable markets. Key Words: Strategy, planning, analysing, supporting process, efficiency, milestones, big data, large scale, exploitation, causation, stable markets Examples: Sales analysis, marketing research, process management, product life-cycle management, big data intelligence, knowledge management, product and process redesign, customer sentiment analysis, product and process quality and reliability Job Market Positions: IE MSc Innovation Management IE Master Program IM Multinational: Manager innovation and subsidies; manager R&D department / manager customer service center; manager back-office sales; digital service manager, executive support Chief Commercial Officer, project manager; project engineer; planning manager; demand planner; strategic buyer; sourcing manager; supplier relationship manager; purchasing and supply chain manager; change manager; management trainee Consultant for multinational: Business analist; junior project manager PAGE 19

21 IE MSc Innovation Management IE Master Program IM IM Track 2: Managing Innovation Processes Master Track Event Presentation PAGE 20

22 IE MSc Innovation Management IE Master Program IM Course Codes of Track Courses in IE MSc IM For a List of All Electives, See This link: Key: Restricted electives Recommended electives: 5 out of PAGE 21

23 IE MSc Innovation Management IE Master Program IM Thematic Choices Specialization Electives IE MSc IM Restricted Specialization Elective: Compulsory Recommended Specialization Electives: 5 out of 9 PAGE 22

24 IE MSc Innovation Management IE Master Program IM Basic Roster Structure of the IE MSc IM, Year 1 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Management of Product Development Track 1 or 2 Elective Marketing and Innovation Design Project Track 1 or 2 Human Aspects of Innovation Track 1 or 2 Elective Business Intelligence Track 1 or 2 Elective Multivatiate Statisitics Track 1 or 2 Elective Design Science Methodology Track 1 or 2 Elective Semester A = core course (content) = restricted elective course = core course (method) = elective course Semester B PAGE 23

25 IE MSc Innovation Management IE Master Program IM Roster Structure of the IE MSc IM, Year 1 Semester A Semester B = core course (content) = core course (method) = restricted elective course = elective course PAGE 24

26 IE MSc Innovation Management IE Master Program IM Basic Program Structure of the IE MSc IM Year 1 Year 2 International Semester and / or Free Electives at TU/e or other Dutch Universities (May Include Literature Review) Research Proposal PAGE 25

27 IE MSc Innovation Management IE Master Program IM International Semester IM has close connections with several universities around the world. Here is the TOP SIX of technical universities IM master students prefer: Aalto University, Helsinki, Finland, KTH Stockholm, Sweden, NTUST Taiwan, Chalmers University Sweden, UPV, Valencia, Spain, (courses in Spanish and English) ITBA Buenos Aires, (only courses in Spanish). The international semester starts 1 st Quarter of Year 2, and is highly recommended PAGE 26

28 IE MSc Innovation Management IE Master Program IM The Master Thesis in the IE MSc IM An experienced IM lecturer who is also a qualified researcher in IM, guides the student through the whole master graduation process as a personal mentor. Theme Selection for the Master Thesis Review of the Literature about the Selected Theme (Discretionary) Research Proposal for the Master Thesis (Obligatory) Master Thesis Research and Report Selection of a track in Quarter 1 of Year 1 Selection of a personal mentor in Quarter 2 of Year 1 PAGE 27

29 IE MSc Innovation Management IE Master Program IM A Snapshot of Companies That Have Hosted IM Thesis Work PAGE 28

30 IE MSc Innovation Management IE Master Program IM A Snapshot of Companies That Have Hosted IM Thesis Work PAGE 29

31 IE MSc Innovation Management IE Master Program IM A Snapshot of Companies That Have Hosted IM Thesis Work PAGE 30

32 IE MSc Innovation Management IE Master Program IM See also individual professors personal webpages PAGE 31

33 IE MSc Innovation Management IE Master Program IM Dual-Degree Program IM / IS The basic design choices for this dual-degree master program are: The dual-degree masters program has a minimum of 165 ECTS, and a duration of 2,5-3 years. It is aimed at the top 10% of the students, only. All core courses of both individual master s programs (2 x 30 ECTS) have to be taken. There is 15 ECTS reserved to follow dedicated technical courses / restricted specialization electives (10 for IS; 5 for IM) There is 15 ECTS reserved for an obligatory international experience There is 15 ECTS reserved for additional (international) free electives There is a combined master thesis project of 45 ECTS Top 10% of the students, only The dual-degree program starts 1 st Quarter of Year 1 PAGE 32

34 IE MSc Innovation Management IE Master Program IM Dual-Degree Program IM / IS PAGE 33

35 IE MSc Innovation Management Hot and Cool, at the Same Time 2014/ 2015 Guide to Masters, February 2014/ PAGE 34

36 10 December 2015 IE MSc Innovation Management IE MSc IM Student presentation Master of Innovation Management (IM) Denise Hoppenbrouwer

37 Contents Who am I? My choices What is IM? Normal College Week Future possibilities PAGE 36

38 Who am I? Denise Hoppenbrouwer (23) Bachelor Science, Business & Innovation (Amsterdam) Always interested in the link between Technology & Business Part of Premaster Innovation Management Master Innovation Management (TU/e) Started Sep 15 PAGE 37

39 My choices Why Innovation Management? Interested in innovation processes Technical background I just knew IM was the right study Why TU Eindhoven Good facilities Brainport Best study in its area PAGE 38

40 What is IM? Innovation Management 6 Compulsory courses (30 ECTS) 3 methods courses 3 IM theory courses 6 Specialization courses (30 ECTS) Business and Product Creation Management Innovation Process Free Elective Courses - possible international (30 ECTS) Master s Thesis (30 ECTS) PAGE 39

41 Normal College Week Few contact hours a week (+/- 4 hours per course) Individual work (reading articles + books) Group work Multidisciplinary & multinational teams Combination of theoretic and practical assignments Intensity higher than Bachelor Interesting subjects PAGE 40

42 Your Future! After graduation: Consultancy Innovation manager Human resource manager Marketing manager Product development manager ICT And many more Or: Entrepreneur PhD Traineeship PAGE 41

43 Questions? More information: PAGE 42

44 10 December 2015 IE MSc Innovation Management IE MSc IM Honors Tracks M.Sc. Programs OML and IM A chance and a challenge to excel Prof.dr.ir. Paul Grefen Research Director IE PAGE 43

45 What is an honors track? A special program integrated with a M.Sc. Program for selected excellent and ambitious students (Possibly) to develop advanced capabilities for Design in Industrial Engineering Research in Industrial Engineering To facilitate better entrance into The PDEng Program for designers The PhD Program for researchers PAGE 44

46 What does an honors track contain? A number of special courses with a total load of 30 ECTS 10 ECTS within the standard 120 ECTS 20 ECTS on top of the standard 120 ECTS PAGE 45

47

48 Honors track in Design 30 ECTS choice from PDEng IE core courses: Design of Advanced Planning Processes Simulation for Design Programming for Design Software Development for Design Management of Organizational Change and Implementation Project Management in Innovation Processes Design Assignment in Designated Areas

49 Honors track in Design Design Assignments involve: assessing the value of knowledge from master courses for solving company problems company visits company presentations Grading based on: value for company, innovativeness of solutions. PAGE 48

50 Honors Track in Design If completed successfully, access to the PDEng IE program On a contract to prepare for and execute a design project for a specific company Supervised by design mentor Further information: Director PDEng Program IE Prof.dr. Tom van Woensel Applications: contact director or design mentor Criteria for selection: top 30% IE students, design attitude PAGE 49

51

52 Honors track in Research Consists of: Two mini-research projects to discover two different research fields, in first year (5 ECTS per project) PhD courses, in second year (10 ECTS) Master thesis project: Is preceded by the writing of a PhD research proposal (instead of literature study and formulation thesis assignment) Proposal can be used to compete for grants (at e.g. NWO) Master thesis is first part of the PhD research Additional PhD courses can be followed in second year of master, as part of the electives PAGE 51

53 Honors track in Research: Advantages Development of extra research skills Ideal preparation for continuation as PhD student after completion of the master program Priority for positions within the PhD program of Industrial Engineering (but, we give no guarantee) PhD program can be done in 3 instead of 4 years Equivalent to research (Mphil) masters, as seen at Tilburg University and Erasmus University PAGE 52

54 Honors track in Research Further information: Research Director IE Prof.dr.ir. Paul Grefen Applications: contact research director or a full professor (who will be your mentor) Criteria for selection: top 10% of the IE students, research attitude PAGE 53

55

56 Why? Additional academic knowledge and experience (more bang for your buck ) Improved entrance in post-doctoral programs PDEng for design PhD for research Explicit entry into the ranks of ambitious, excellent students If you are interested in a more-than-usual career path PAGE 55

57 Honors Academy Honors Track can be combined with enrollment in TU/e Honors Academy HA offers a program for development personal skills with a load of 5-20 ECTS If combined with HT, we advise 5 ECTS HA + 15 ECTS HT on top of regular program Enrollment for excellent students, via Research Director (prof.dr.ir. Paul Grefen) PAGE 56

58 Q&A: Questions & Answers More information can be found at: Academic Calendar: TU/e s Code of Conduct: PAGE 57

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