Institut für Innovation Management
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Bachelor Seminar: "Current Challenges in Innovation Management"

Instructor: Prof. Dr. Spanjol
Assistant: Lisa Welzenbach

Detailed instructions on the organization of the seminar (e.g., instructions on how to prepare for the kick-off, how to attend the kick-off and meeting sessions as well as how to deliver performance assessments such as presentations) will be communicated to all accepted students via email a few weeks prior to the first course appointment.

For additional information regarding the organization of teaching in the summer term, please refer to the ISC.

What is this course about?

Despite innovation being a top strategic priority across firms, both efficiency and effectiveness of innovation initiatives represent critical challenges for organizations across industries due to an array of issues spanning finances and economy, politics, technology, and behavior. Companies wrestle with challenges such as: How can the non-financial impact of innovations be measured and how can companies take advantage of these non-financial benefits? What innovation expectations are firms facing in the digital vs non-digital reals? What contributions can companies and their innovations make towards the global grand challenges? Does education adequately prepare young professionals to drive innovation across different industries? In this course, we will explore a set of specific research questions to shed light on these current innovation challenges.

What will I gain from this course?

The purpose of the seminar Current Challenges in Innovation Management is to provide bachelor students with the opportunity to conduct a self-driven, structured research project on a topic that is shaping innovation management and research today. Students will be introduced to critical innovation challenges faced by organizations across different industries, including ensuring efficiency and effectiveness of innovations and measuring impact that goes beyond the financial (e.g. societal or organizational). Students will learn to conduct a deep-dive into a specific phenomenon, understand theoretical underpinnings, and extract practical implications. Students will be coached in conducting a literature review and synthesis, writing a scientific paper, and presenting the findings. This seminar also serves as a preparation for students who are interested in writing a bachelor thesis on topics related to innovation.

How is the course conducted?

  • You will do all of your work in English, and we will deliver all instruction in English.
  • We are following a block format for this course.
  • If you are interested in pursuing a Bachelor Thesis at the IIM, the paper from this seminar is a prerequisite. (Please also see the guidelines for Bachelor Theses on the ISC website).
  • To most effectively provide guidance to students, the maximum number of participants will be restricted to 15.
  • Please note that attendance at all sessions (even on days when you are not scheduled to present) is mandatory.
  • Per examination guidelines, your attendance at the kick-off session makes your participation in the seminar binding.
  • Course credit: 6 ECTS
  • Examination: Presentation (15 minutes) and seminar paper (22,200 signs*). Both examination parts account for 50% of the final seminar grade.


A limited number of seats is available for international students. Interested exchange students are welcome to apply for the seminar until March 25th, 2022 by sending an email including a short motivation letter, your CV and current transcript of records to welzenbach(at)lmu.de

Students will be informed of their application status via email no later than April 5th, 2022.

All administrative information (such as the actual schedule) can be found in the LSF
For more information please contact Lisa Welzenbach welzenbach(at)lmu.de