Course syllabus


TEK300 TEK300 Advanced ICM theory lp1 HT21 (7.5 hp)

Course is offered by the department of Technology Management and Economics

Contact details


Professor Ulf Petrusson ( 

page2image18215680Course Manager Professor Ulf Petrusson ( 
Course administratorpage2image16484880 page2image18213952 Satenik Ataneysan (

Course purpose

The purpose of the course is to provide students with (1) an advanced theoretical foundation regarding the transformation from an industrial to a knowledge-based economy, in particular, the role of knowledge assets and processes in the development of innovations, the organizational structure and strategies of firms, the construction of markets, and the determination of economic policy to support the growth of wealth and welfare and (2) an actionable knowledge of business/law research methods. The theoretical frameworks will be discussed from an inter-disciplinary perspective including the areas of sociology, technology, economics, management, and law.

In the course, the student will analyze, discuss and apply relevant theories to innovation, entrepreneurship and the management of intellectual assets. The student will analyze and apply qualitative, quantitative and other relevant scientific methods.

The course content is packaged and executed into two theoretical streams: Theory for scientific work and Theory for applied projects. The former provides the students with necessary theoretical competences when performing scientific thesis work. The latter provides the students with necessary theoretical competences when working with different types of applied projects in so called incubations; i.e. Healthcare incubation to transform healthcare needs into viable solutions (Theory of Design thinking and institutional design), Research incubation to transform research into innovations (Theory of Management of Intellectual Assets for academic environments), Venture incubation to transform innovation into growth firms (Theory of Management of Intellectual Assets for firms), and Difference incubation to make a difference in society (Theory of Difference Incubation).


Please see the schedule compiled for both the Advanced and Applied course, under Files - Course overview on the Applied course Canvas.

Course literature

  1. Bell, D. (1976) The Coming of Post-Industrial Society. Basic Books.
  2. Drucker, P. (1993) The Post-Capitalist Society. Harper Business.
  3. Bryman, A. & Bell, E. (2011) Business Research Methods. Oxford university Press
  4. Searle, J. (1995) The Construction of Social Reality. The Free Press. (ISBN: 9780684831794)
  5. Foray, D. (2006) Economics of Knowledge. MIT Press. (ISBN: 9780262562232)
  6. Spender, JC. (1996) Making knowledge the Basis of Dynamic Theory of Firm. Strategic Management Journal, 17: 45–62.
  7. Grant, R. (1996) Towards a Knowledge-Based Theory of the Firm. Strategic Management Journal, 17: 109–122.
  8. Arora, A., Fosfuri, A. & Gambardella, A. (2001) Markets for Technology and Their Implications for Corporate Strategy. Ind Corp Change 2001; 10 (2): 419-451
  9. Vargo, S. L. & Lusch, R. F. (2004) Evolving to a New Dominant Logic for Marketing. Journal of Marketing: January 2004, Vol. 68, No. 1, pp. 1-17.
  10. Schumpeter, J. (1962) Capitalism, Socialism, and Democracy
  11. Lundquist, M. & Petrusson, U. (2002) Designing the role of the entrepreneur – using a norm constructionist approach at the interface of research, learning and innovation. (Conference paper from The Triple-Helix conference, Copenhagen, Nov 6-9 2002).
  12. Petrusson, U. (2004) Intellectual property & entrepreneurship : creating wealth in an intellectual value chain. Göteborg : Chalmers University of Technology. (ISBN: 9197543101).
  13. Petrusson, U. et al (2018) Innovationsverksamhet som rättsliga handlingssystem - några rättsteoretiska ställningstaganden.
  14. Petrusson, U. (2016) Research and Utilization. Title of Swedish first edition: “Forskning och Nytta” (Tre Böcker Förlag AB, Göteborg, Sweden, 2015). Both editions uploaded in digital copies on Canvas.

Course design

The course is a part of the Master’s Programme Entrepreneurship and Business Design and is provided during the third semester. The course team consists of staff from Chalmers School of Entrepreneurship in collaboration with the Department of Law at University of Gothenburg.

Changes made since the last occasion

The major change since previous courses is the potential adaption towards a more online educational setting due to the restrictions put forth by the consequences of the current pandemic, if on-campus presence is not possible. Also, methodology seminars 1-4 are all taking place in the one and same focus week.

Learning objectives and syllabus

Learning objectives:

1 Define characteristics that differentiate an industrial from a post-industrial economic paradigm from the perspectives of technology development, business creation and societal development.
2 Demonstrate theoretical understanding of the social construction of (1) assets, property, and capital and (2) innovations, markets, and firms and the relevance for innovation and entrepreneurship in the knowledge economy. 
3 Demonstrate theoretical understanding of business/legal research methods.
4 Apply advanced theoretical frameworks in relation to knowledge based business and economic development.
5 Evaluate scientific theory and methodology to design and plan inter-disciplinary social science research.

Link to the syllabus on Studieportalen:

Study plan

Examination form

The students are examined through an assessment portfolio consisting of an individual written assignment, as well as a written group assignment which is also presented orally. In addition, the student must participate in mandatory parts in the form of 5 seminars. Absence from a mandatory part can be compensated by an alternative task according to instructions from the course manager.

A student has the right to request a change of examiner if failed twice on the same exam, if this is practically possible. Such a request should be put forward in writing and addressed to the department.

Individual written assignment


Written group assignment


Participate in 5 seminars




The seminars are given by individuals from Chalmers University of Technology, University of Gothenburg and guest lecturers with theoretical knowledge and practical experience within knowledge-based business and economic development. Theories and methods for understanding and investigating knowledge-based business are the focus of the seminars.

Attendance at the seminars is mandatory, as most of the lectures will cover material that is not found in the course literature and will be needed to accomplish the assignments. Active participation by the students is critical to the learning experience.

Mandatory seminars


Theory Seminar 1

August 31st

Theory Seminar 2

September 3rd

Methodology Seminar 1

November 15th

Methodology Seminar 2

November 16th

Methodology Seminar 3

November 18th

Methodology Seminar 4

November 19th

Methodology Seminar 5

December 1st

Methodology Seminar 6 (only law students)

December 8th


Group Method project

The research project will be conducted in groups and consist of two parts:

  1. Group participation in 5 research methodology seminars
  2. Group hand-in


Individual Assignment

The individual assignment will consist of several essays questions based on the literature and the seminars. The students will have approximately one week to complete the assignment.



The grading scale comprises: 5, 4, 3, Fail. The grading scale for the course is as follows:

0-39% = Fail; 40-59% = 3; 60-79% = 4; 80%> = 5

To receive a grade, the student must pass all the examination parts of the course.