Management and Economics of Innovation

120 credits (MSc, 2 years )

In the modern knowledge economy, various forms of new knowledge, especially in technology, are critical factors underlying industrial innovation, competitiveness, and economic growth.
Through a combination of an advanced level of business management and economics in relation to engineering knowledge, you will be trained to analyse, understand and skilfully manage innovation processes in companies and other areas of society. This programme focuses on how and why companies innovate to compete and how companies can reap financial returns from their investments in innovation.

Programme description

Innovation processes present challenges and opportunities for a range of different organisations, such as established firms, new entrepreneurial firms, universities and government agencies. Industry, as well as society, therefore need managers and employees who not only have scientific and engineering training but who also have acquired a thorough understanding of the innovation process and how it can be handled in a financially successful way.
At the intersection between technology, management and economics, the overall purpose of the programme is to train you to skillfully analyse and manage innovation and renewal. After having completed the programme, you should be able to:
  • Analyse and understand how and why innovations, technical and scientific information and knowledge interact with market and economic forces.
  • Identify, formulate and solve problems related to innovation and renewal activities involving technological, economic, organisational and institutional change.
  • Handle and execute strategies and practical implementation for innovation and renewal by applying state-of-the-art research and management methods and tools.
  • Lead, interact and communicate with qualified professionals within and outside their own organisations and/or their own knowledge field.

Together with committed teachers, that include you as a student in their research and students from various engineering disciplines, this programme creates a base for developing yourself and your ability to lead and develop organisations. In addition, you learn and use tools and frameworks for developing new technologies into viable businesses.

Location: Campus Johanneberg

Educational methods

To help you acquire and utilize appropriate theoretical and methodological tools, the programme trains you by combining extensive practical training, often project based industry challenges, with critical analysis, putting theories and methods to effective use.
You will take part in lectures, seminars, workshops and supervised project work. Assessment techniques include oral examination and written examination; individual and group examinations. Special attention is devoted to developing your presentation skills.

All courses within the programme invite feedback from students on all essential aspects of the course and the education, something that clearly has supported the improvement of the programme. Furthermore, the mixture of students from different cultural and educational/engineering backgrounds supports the programme’s international profile.

Other Programmes that might interest you

Please note that the above schematic view corresponds to the academic year starting in autumn 2018. Minor changes may occur.

Programme content in detail, incl. syllabus and description of the courses

Career opportunities

Future career opportunities will primarily be found in the business sectors, including large multinational firms as well as small technology- based firms. Examples of occupations include management consultancy, technology/industry analysis, project management, product development, R&D management, business development, corporate venturing, hi-tech entrepreneurship and venture capital. Interesting job opportunities also exist in government policy-making agencies, non- government organisations, universities and institutions commercialising science and technology.

Professional Education

Several of the programme’s professors also conduct research at CBI, Center for Business Innovation, at Chalmers. With funding from Vinnova, CBI is a major research centre in the field of management of innovation.

Research and industry connections

We operate in an environment with open and extensive affiliations with business and industry, and the research underlying the programme is therefore closely linked to current business practice and problems. This is demonstrated, for example, through guest lectures, joint research projects, Master’s thesis, applied projects dealing with current business issues. Additionally, the faculty is involved in executive education through CHAMPS, Chalmers.

Department of Technology Management and Economics

“I get to solve real industry problems”
Merve Mutlu, Turkey, Management and Economics of Innovation​

Chat with Merve​

Why did yo​u choose this programme? 
–I have a Bachelor’s in industrial engineering and was looking for a combination of business and engineering for my Master’s. My programme highlights innovation from both a technology point of view and an organizational one. It’s about how to organize a business and how to perceive developing technologies. 

What have you been working on?
–We usually work in groups and have case studies based on real problems in the industry. That’s where the theory meets the practice. In one of the courses, we analysed the problems in a collaborative research setting based on volunteers who are coming up with innovative ideas on a certain field. In another course, we got the chance to create our own business idea.

What do you like the most about your programme?
–That it’s all about the discussion, we read articles, analyse different organizations and then discuss a lot. It helps to work in teams to gain new perspectives and expand your vision. The close connection to the industry was also a pleasant surprise. We always have guest lecturers from different companies. They tell us about what they are doing right now and the challenges they are currently facing in different fields.
What do you want to do in the future?
–I am interested in being an organisational consultant for different companies, but I would also like to go on to research organisational issues and apply for a PhD at Chalmers.

Published: Thu 16 Jan 2020.