MT2519 Value Innovation

Programme course, 7.5 ECTS credits, Second cycle, autumn semester 2015

Overview

Value innovation is the simultaneous pursuit of differentiation and low cost. Value innovation focuses on making the competition irrelevant by creating a leap of value for buyers and for the company, thereby opening up new and uncontested market space. Because value to buyers comes from the offering's utility minus its price, and because value to the company is generated from the offering's price minus its cost, value innovation is achieved only when the whole system of utility, price and cost is aligned

The purpose of the course is to give the participants an understanding of how methods and tools to develop products, based on a value view, may be used. Participants will gain knowledge in project set-up, project charter, voice of the customer, value analysis, concept creation, verification and presentation.

The course is focused on carrying out a product development project with value focus. By carrying out real team based projects in a collaborative mode the student will have the chance to reflect upon acquired theoretical base and apply this in a real setting. The experience will render the student a good position to enter into the work life.

Course period

2015-August-31 until
2015-November-01

Mode of delivery

On campus (face-to-face), Day-time, part time 50 %

Teaching location

Karlskrona

Language of instruction

Swedish

Syllabus in English

Main field of study

Mechanical Engineering

Level

A1N

Admission

Prerequisites

MA1102 Calculus
MA1106 Linear Algebra
MT1112 Mechanics, basic course

Course period

2015-August-31 until
2015-November-01

Mode of delivery

On campus (face-to-face), Day-time, part time 50 %

Teaching location

Karlskrona

Language of instruction

Swedish

Syllabus in English

Main field of study

Mechanical Engineering

Level

A1N

Learning Outcomes

Content

• Value innovation
• Value modeling
• Opportunity recognition
• Customer value
• Value creation
• Team management
• Customer needs assessment
• Value process

Learning outcomes

After completion of the course the student will be able to:
  • perform needs analysis.
  • develop and evaluate concepts on value contribution.
  • make value adding prototype solutions
  • work effectively in team based setting.
  • perform value analysis.

Generic Skills

The following generic skills are trained in the course:
• Analytical thinking
• Application of scientific and engineering reasoning to problem solving
• Oral and written presentation

Course literature and other teaching material

Vetenskapliga artiklar och industricase delas ut under kursens gång. Kursen bygger till stor del på:
• Lindstedt, P., Burenius, J. (2006), ”The Value Model”, Nimba, ISBN 91-630-6349-2

Course period

2015-August-31 until
2015-November-01

Mode of delivery

On campus (face-to-face), Day-time, part time 50 %

Teaching location

Karlskrona

Language of instruction

Swedish

Syllabus in English

Main field of study

Mechanical Engineering

Level

A1N

Stucture - Literature

Course literature and other teaching material

Vetenskapliga artiklar och industricase delas ut under kursens gång. Kursen bygger till stor del på:
• Lindstedt, P., Burenius, J. (2006), ”The Value Model”, Nimba, ISBN 91-630-6349-2

Learning methods

Course focus is to give the participant knowledge to perform and carry out value driven development projects with focus on innovation. Through lectures, workshops, team exercises and project work, students will gain an understanding of value innovation. Participants work in groups, going from needs to finished product (or prototype) in close collaboration with industry – with the aim to gain understanding and experience of today’s and tomorrow’s ways of working in value driven markets. Students will complete assignments on group basis, and will share his/her learning with others through his/her written documents, group work and presentations. The course will be provided in English.

Work placement

No work placement is included in the planned learning activities. BTH is aiming for a close contact with the surrounding community when developing courses and programmes.

Teachers

Examiner
Tobias Larsson

Course Manager
Tobias Larsson

Planned learning activities

Time allocation

On average, a student should study 200 hours to reach the learning outcomes. This time includes all the various available learning activities (lectures, self studies, examinations, etc.). This estimation is based on the fact that one academic year counts as 60 ECTS credits, corresponding to an average student workload of 1 600 hours. This may vary individually.

Course period

2015-August-31 until
2015-November-01

Mode of delivery

On campus (face-to-face), Day-time, part time 50 %

Teaching location

Karlskrona

Language of instruction

Swedish

Syllabus in English

Main field of study

Mechanical Engineering

Level

A1N

Examination

Assessments

Component examinations for the course
Code Title ECTS credits Grade
1210 Reports 5 F/P/3/4/5
1220 Projects 2.5 F/P/3/4/5

Grading

The course will be graded Fail, Pass, 3, 4 or 5 .

On request grades according to ECTS will be given.

Future exams

No upcoming, centrally coordinated, examinations for this course were found.

To participate in a centrally coordinated examination, you must enroll in Student's Portal, no later than fifteen days before the examination.

Time and location for the examination will be published about 5 days in advance.

There might be other scheduled examinations. Information concerning these examinations are available in It's Learning or at other places that the person who is responsible of the course will refer to.

Course Evaluation

The course manager is responsible for the views of students on the course being systematically and regularly gathered and that the results of the evaluations in various forms affect the form and development of the course.

Course period

2015-August-31 until
2015-November-01

Mode of delivery

On campus (face-to-face), Day-time, part time 50 %

Teaching location

Karlskrona

Language of instruction

Swedish

Syllabus in English

Main field of study

Mechanical Engineering

Level

A1N

 

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