Master of Business Development

Managing Open Innovation

The course Managing Open Innovation discusses the value of sourcing external knowledge and introduces you to open innovation management theory and processes.

Purpose and description of the course

This course provides the foundation for managing open innovation processes in firms. Comparing closed to open innovation approaches, the course focuses on outside-in open innovation processes, i.e. sourcing external knowledge from and collaborating with users, universities, suppliers, competitors, and the like for generating innovation. Moreover, the course discusses the interplay between innovation, exploration, exploitation, and search, and the growing importance of efficient search approaches across widely distributed sources of innovation. More specifically, we will discuss the concepts of local vs. distant search and related search methods for accessing and leveraging innovation-relevant knowledge.

The Managing Open Innovation course will particularly highlight the role of users and user communities as a source of innovation. Finally, the course will introduce participants to concrete search applications such as crowdsourcing for generating inputs to organizations’ innovation processes.

Key themes in the course

  • Open vs. closed innovation approaches
  • Open innovation management and processes
  • Distributed sources of innovation
  • Open innovation methods for outbound, inbound and coupled innovation processes
  • Organizational antecedents of open innovation.

Your learning outcome

In this course, you will learn to:

  • Develop a sound understanding of the open innovation approach
  • How to effectively search across and collaborate with different sources of innovation (internal and external to an organization) to develop innovations
  • Create and capture value in open innovation
  • Design and implement open innovation activities in firms.

Who should attend this course

The course is relevant to managers from all kinds of industries who want to influence their workplaces and careers by mastering new forms of innovation practices. More specifically, practices that are characterized by being more open, collaborative and multi-domain-spanning than traditional models.


Associate Professor Marion Poetz, Department of Innovation and Organizational Economics, Copenhagen Business School (CBS)


Professor (MSO) Christoph Grimpe, Department of Innovation and Organizational Economics, Copenhagen Business School (CBS)


Taught only in English


4 days of teaching from 9-5 pm on the following dates:


Fall 2020:
09th, 10th, 11th & 24th November 2020
The course in the fall will be held online


Spring 2021:

15th, 16th, 17th March & 13th April  

At CBS, Porcelænshaven 16A. 2000 Frederiksberg


The exam is carried out as a home assignment, where a written product has to be submitted.

Date of submission:

Fall 2020: 4th January, no later than 12pm


Spring 2021: 11th May , no later that 12pm

Type of course

Core course


5 ECTS-point


Min. participants: 10

Max. participants: 30


17.000 DKK, including catering - excluding costs of books

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Sidst opdateret: Master of Business Development // 12/11/2020