BUS 675 - Financial Tools for Managing Innovation

3 Credits

This course focuses on financial concepts and how they relate to the innovation process in data-driven organizations committed to continuous improvement Application of current financial tools in judging value to the firm are defined and analyzed from the perspective of appropriateness in today's economy and business environment The student will learn how to use current tools in judging innovation but also develop the thought process of innovating the way we look at project financial valuation. The role of finance in the innovation process is discussed with the intention of modifying existing relationships to improve innovation and the positive impact to the shareholder with an appreciation of meeting all customers' needs to achieve organizational effectiveness in a continuously changing environment