Business Efficiency, Performance and Innovation

The following work requirements must be approved within the given deadlines to take the exam in the course:

• An individual 15-minute oral presentation on one of the theoretical topics in the course
• A written assignment of 2000 words (+/- 10%) on one of the practical topics in the course
• 1 conversation in reflection groups (2 hours) with a subsequent individual reflection note. 200-220 words
• Minimum 75% attendance in mandatory classes

If the written work requirements are not approved, one more attempt is given in the same semester.

• The genesis and evolution of business efficiency and performance measurement thoughts and innovation theory
• The essence, types and factors of business efficiency, performance, and innovation
• Traditional and advanced methods of business efficiency and performance measurement
• Advanced methods and models of analysing business efficiency and performance
• The processes of innovation development and implementation
• Business intelligence systems for measuring and managing business performance and efficiency
• Practical and research aspects of applying business efficiency, performance, and innovation
• Ethical aspects of business efficiency, performance, and innovation

Upon completion of the course, the student has achieved the following learning outcomes:

Knowledge

The student

• has knowledge of theories of business efficiency and performance measurement, as well as innovation and the historical development of these topics
• has in-depth knowledge of business efficiency and methods for performance measurement as well as the relationship between efficiency and innovation
• has in-depth knowledge of theories and methods for developing and implementing innovation
• has advanced knowledge of theories for organizing processes for performance management
• has knowledge of ethical challenges and how they are handled in connection with the work of innovation efficiency

Skills

The student

• can analyze and critically approach different sources of information (data, literature) and use them to structure and formulate scientific arguments
• can choose appropriate methods and tools to measure the efficiency and performance of enterprises
• can analyze the efficiency and performance of enterprises using traditional and advanced methods with the aim of improving the management of the organization
• can use relevant methods for research and innovation work in an independent manner
• can carry out R&D projects regarding the measurement and analysis of the efficiency and performance of enterprises, and development projects under supervision and in accordance with good ethics

General competence

The student

• can analyze relevant academic, professional and research issues regarding business efficiency and performance as well as innovation development and implementation
• can apply their knowledge and skills to new related areas
• can communicate results from extensive work and master appropriate business and innovation terminology
• can communicate about professional issues, analyses and conclusions in the field, both with specialists and the general public
• can uncover and assess ethical challenges to innovation and efficiency based on an organization's value base