RESPONSIBLE INNOVATION for CIRCULAR ECONOMY (RICE)
Innovations will drive and create business leaders of the future. While we may intuitively understand the power and potential of innovation, the process, motivation and market making for such innovations are still not so clear. This is seen from the number of terms circulating in the innovation literature- disruptive innovation, open innovation, social innovation, jugaad/frugal innovation among others. While innovations are welcome not all innovations may not be good for the society and environment. Examples could be violent mobile games like ‘Blue Whale’ or cheap/attractive paints made with toxic raw materials. History provides many examples of new technologies that have had serious negative consequences or that simply just failed to address significant societal or environmental challenges.
This course discusses some of the popular innovation typologies and then brings in the concept of responsible innovation, its meaning and its significance by addressing the societal implications of new technologies and showing how we might incorporate ethical considerations into technical innovations.
There is a special focus in the course on Circular and Sharing Economy related innovations like carpool, Airbnb, waste/water/plastic recycling.
In this course, we will: · discuss the concept of responsible innovation, the individual and collective responsibility and the ethical issues regarding innovation · investigate the challenges of linear economy · introduce the concept of circular economy · Discuss circular economy business models Student Learning Outcomes · The students will demonstrate the understanding the elements of responsible innovation. · The students will enhance their logical and analytical skills in circular economy · The students will work on a live circular economy project Pedagogy
The course will admit maximum 60 students.
· The Innovator’s Dilemma. Clayton Christensen. Harvard Business School Press · The Circular Economy, Ken Webstar · Ellen Macarthur Foundation Website Session Plan Session 1: Introduction to Innovation Session 2: Radical, Open, Disruptive and Incremental Innovation Session 3-15: · Challenges of Linear Economy · Circular Economy- History and Concept · Waste & Systems Thinking · Biological Cycles · Material & Product Design · Carbon Free Policy and CE/ Industrial Symbiosis · CE Business Models · Tools for CE Session 16, 17: Guest lectures Session 18, 19: Project Presentations Session 20: Review & Wrap up Evaluation
Academic Integrity
The academic integrity will be strictly adhered to as per the rules and guidelines of the student Manual of Policy provided by the institution to the students. In case of any deviation, punitive action will be immediately undertaken as per the institute academic norms.
Created By: Alora Kar on 11/21/2020 at 12:18 PM Category: BM 19-21 T-VI Doctype: Document