I&E Study Project 2017 Kick-off Session - Oct 5 th , 2017 olli-pekka.mutanen (at) aalto.fi hakan.mitts (at) aalto.fi
Teacher: Olli-Pekka Mutanen CURRENT: Professional career and societal activity • Head of the Software Business Lab, School of Science, Aalto University • Aalto Ventures Program, co-founder and lecturer • EIT Master’s Programme in ICT Innovation, Coordinator & responsible teacher • National Growth Forum (Finland), co-founder & member of the steering group • Industrial activities and lecturing related to technology based growth, ecosystems and business BACKGROUND: Co-founder and CEO of IT, Media and Software firms (1991-2004) - MULTILIZER, Inc. 1998-2004, Co-founder, CEO and Member of the board • The market leader in software globalization technology platform solutions for internationally operating enterprises • Product awarded as The Best Globalization Technology of the Year in 2001, 2002 and 2003 in USA - HYPERHOUSE Group: 1995-2000, Co-founder, Director of projects • HYPERHOUSE was among the top-three “new media" offices in Finland producing corporate wide multimedia solutions and internet services to the leading enterprises and organizations in Finland - INNOVIEW Data Technologies 1991-2000, co-founder, CEO and member of the board • Development of software based technologies and solutions, e.g. image compression and archiving technology solutions, multimedia development tools, POS systems, online based real estate solutions CONTACT: fi.linkedin.com/in/opmutanen/, olli-pekka.mutanen@aalto.fi
Agenda today Oct 5th, 2017 1. Introducing the course A. I&E Study in practice B. Learning objectives C. Teaching and learning methods D. Content E. Assessment and the grading criteria 2. Company and business challenge presentations; 3. Case work intro & teams formation
1. Introducing the course
A. I&E Study Project in practice Contents & what we do on this course
EIT I&E Study course in Aalto • The last module in the EIT Digital’s I&E Minor (2 nd year) • Course in Aalto: CS-E5425 I&E Study Project – https://mycourses.aalto.fi/course/view.php?id=16986 – Note: No separate registration to this course is needed • 6 ECTS course in Aalto University • Grading scale: 0-5 • Supervised jointly by – Teachers from the Aalto’s I&E team (Olli-Pekka and Håkan) – The professor supervising your actual technical thesis – The representative(s) of the case company
Positioning the I&E Study Project Technology company having a real- life business challenge Business Technical viewpoint viewpoint I&E Minor (30cr) with MSc Thesis I&E Study (6 cr)
B. Learning Objectives What we aim to learn in this course?
Overarching Learning Objectives (OLOs) – Shared ones After completion of the I&E Study, students… • …have the ability to use knowledge, ideas and technology to create new or significantly improved products, services, processes, policies, new business models or jobs ( Innovation skills and competencies ) • … have the ability of decision-making and leadership, based on a holistic understanding of the contributions of Higher Education, research and business to value creation, in limited sized teams and contexts ( Leadership skills and competencies )
Overarching Learning Objectives (OLOs) The I&E Study may depending on the selected topic contribute also to these: • … have the ability to identify short and long term future consequences of plans and decisions from an integrated scientific, ethical and intergenerational perspective and to merge this into a solution-focused approach, moving towards a sustainable society . ( Making value judgments and sustainability competencies ) • … have the ability to think beyond boundaries and systematically explore and generate new ideas . ( Creativity skills and competencies ) • … have the ability to translate innovations into feasible business solutions ( Entrepreneurship skills and competencies ) • … have the ability to use cutting-edge research methods, processes and techniques towards new venture creation and growth and to apply these also in cross-disciplinary teams and contexts. ( Research skills and competencies ) • … have the ability to transform practical experiences into research problems and challenges . ( Intellectual transforming skills and competencies )
Intended Learning Outcomes (ILOs) After completion of the I&E Study module, students… • have the ability to apply, synthesize, and evaluate prior I&E learning within a specific innovation or entrepreneurial project setting and a specific innovation area. • have the ability to conduct a business analysis, make decisions and formulate recommendations or justify actions in a real environment • have the ability to choose and apply relevant concepts/methods and/or tools and collect relevant data for conducting a business analysis and making decisions in a real environment. • have the ability to produce a professional writing on a business analysis topic. • have the ability to apply concepts, methods and tools pertaining to identifying and assessing the impact/value of a technology in an industry, market and/or organization and the innovation / business opportunities it creates.
C. Teaching and the learning methods The course is an explorative business study based on a group assignment (Team work part) and on an individual assignment (Personal work part). A large autonomy is given to the teams to organize and achieve their goals.
1. Group assignment • Students will work in small teams of around 4-6 students. • Teams will be assigned business cases . Each team will identify and address a business challenge in the context of their assigned case. • The business challenge may be related to exploring alternate business models or go-to-market scenarios in relation with the innovation or entrepreneurial case, fed by exploration in some specific areas: business environment, competition, suppliers, partners, environmental and sustainability aspects , etc. • To address their challenge/question, the students will cover four generic steps of an explorative business analysis: 1. Identification of the relevant challenge/question, 2. Acquisition of applicable concepts/methods/tools, 3. Observations (data collection) on a selected part of the case,4. Analysis and interpretation.
1. Group assignment (Cont’d) • Goal of using the “4-steps business analysis methodology”: – To practice a very generic and robust canvas adapted to social and economic science as well as business analysis; – To practice and reflect upon data collection and interpretation: quantitative and qualitative research, conditions for sound data collection and interpretation, quality/validity/reliability of the data and interpretation; • Our support to the teams comprises: – One session to introduce and detail the assignment(s) and help students identify the challenges/questions; – 1-to-many workshops: one for each of the 4 study steps above. Students support is structured through pre-/post-assignments for each workshop; – One optional “oral defense” (in Aalto: Final presentations by teams)
”Four steps” of the Business Analysis Analysis and interpretation of results; Acquisition of • strategic applicable Data collection recommendations and report on action to concepts / - Report on handle the innovation or methods / tools: Identification of the entrepreneurial topic observations made based on the concepts relevant - Chosen and used to chosen and data challenge/question concepts, methods address the topic collection performed and tools deemed by applying the • Conclusion: What were the added value and relevant to concepts learnings from the I&E address your topic Study
2. Individual assignment • Students will work on an online individual assignment . • In this assignment, students will learn concepts and tools pertaining to the assessment of the impact of a technology on an industry, market and/or organization. • Students will apply these concepts and tools to their own group assignment. • Students’ individual assignment supervision comprises (may be combined with the group assignment supervision): – One group session to introduce and detail the assignment, – 1-to-many workshops to help students follow the steps in the assignment structure.
D. Contents Main topics, concepts, methods and/ or tools, and sources for the study.
I&E concepts, methods and/or tools Two main topics with related concepts, methods and/or tools will be covered in the context of a selected business (innovation or entrepreneurial) case: • (1) One fixed common topic as an Individual Assignment – Assessing the impact of a technology on an industry, market and/or organization, the support and barriers to its deployment, the influence on a specific goal/agenda (technology transfer, existing industry, new company, etc.) • (2) One case-dependent topic as a Group Assignment – Pertaining to market/business environment analysis (main forces affecting the business, suppliers, partners, competition, environmental issues), sustainability and social issues, business modeling, go-to-market strategies, etc.
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