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MN50416: Commercialisation of new technology

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Individual Coursework (CW 70%)
  • Group project and presentation (CW 30%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
The ability to commercialise technology, to develop an inventive idea into a business concept and eventually into a marketable product, is a crucial skill for individuals and organisations. This course aims to equip students with the techniques and tools necessary to understand and analyse the different pathways that can be used for new technologies to be effectively commercialised.

Learning Outcomes:
At the end of the course students will be able to:
* discuss the range of mechanisms through which different technologies can generate commercial value
* describe the role of intellectual property in determining appropriate commercialisation strategies
* compare and evaluate tools for understanding for new markets and how to operate in markets for technology
* develop and assess strategies to effectively bring new technologies to markets.

Skills:
Intellectual skills:
* the facility to apply subject-specific knowledge into a range of complex situations, taking into account the overall implications for the other areas of the business (T/F/A)
* a critical awareness of current issues and frameworks in commercialisation of new technologies (T/F/A)
* the ability to acquire and analyse data, information and situations, to evaluate their relevance and validity, and to synthesise them in the context of topical business problems (F, A).
Professional/Practical skills:
* evaluate the potential range of, and practically contribute to, various technology commercialisation strategies (T, F)
* operate effectively both independently as well as within teams, and assume leadership roles where appropriate (F).Transferable/Key skills:
Transferable/Key skills:
* openness and capacity to continue learning with the ability to reflect on earlier knowledge and practice and integrate the new with past experience and effectively apply it to the present situations (T/F)
* the ability to comment on and contribute to the development of ideas by others, sharing experiences and viewpoints in a way that supports and enables these efforts (F).
Personal/Interpersonal skills:
* an ability to manage and work in international and interdisciplinary teams with an awareness of issues such as culture and gender, to identify learning/working styles and to use these to the benefit of the individual and the team (F)
* the facility to communicate, especially through written and oral presentations, preparation and production of effective business reports (T/F/A).

Content:
The ability to realise meaningful commercial value from new technologies is a core source of advantage for individual entrepreneurs, organisations and national/regional economies. This module serves as a practical introduction to key commercialisation concepts and tools, equipping students with an understanding and appreciation of the potential pathways for new technologies to create value. Students will consider a range of strategic issues in the commercialisation of technology, as well as the practical challenges of understanding and developing markets for these new technologies.
Further information on programme availabilityProgramme availability:

MN50416 is Compulsory on the following programmes:

Department of Mechanical Engineering School of Management

Notes: