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Syllabus for

Academic year
TEK455 - Knowledge-based business development and management  
Syllabus adopted 2015-02-18 by Head of Programme (or corresponding)
Owner: MPBDP
7,5 Credits
Grading: TH - Five, Four, Three, Not passed
Education cycle: Second-cycle
Major subject: Industrial Engineering and Management

Only for students admitted to master program MPBDP
Teaching language: English
Block schedule: C

Course module   Credit distribution   Examination dates
Sp1 Sp2 Sp3 Sp4 Summer course No Sp
0113 Laboratory 7,5 c Grading: TH   7,5 c    

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Bitr professor  Mats Lundqvist
Professor  Ulf Petrusson


In order to be eligible for a second cycle course the applicant needs to fulfil the general and specific entry requirements of the programme that owns the course. (If the second cycle course is owned by a first cycle programme, second cycle entry requirements apply.)
Exemption from the eligibility requirement: Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling these requirements.

Course specific prerequisites

Only students who are admitted to the Entrepreneurship and Business Design program are qualified to take the course, due to the strong integration with the lab-based pedagogy of the program. Students must have passed either the course CIP061 or TEK216 in order to be qualified to take the course.


The purpose of this course is to give students both theoretical and practical capabilities in the development and management of knowledge-based business as a distinct form of business and as well as a transformation process within industrial corporations linked to competitive advantage in the knowledge economy.

Learning outcomes (after completion of the course the student should be able to)

1.    Demonstrate ability to analyze and develop business strategies for an intellectual value chain
2.    Demonstrate ability to design value visions and business strategies to develop knowledge-based ventures, innovations and markets
3.    Demonstrate ability to identify and map intellectual assets with a starting point in business vision and strategy
4.    Develop knowledge-based business value propositions and business models
5.    Organize ventures for knowledge-based business including R&D management, incentive structures, culture management and IT-management systems
6.    Manage intellectual assets, property and capital holistically from an intellectual value chain perspective
7.    Use and apply frameworks for financial valuation of intellectual assets, property and capital.
8.    Demonstrate ability to make ethically responsible choices in conducting holistic knowledge-based business


The course highlights the emergence of knowledge-based business as a new commercial activity and organizational structure in the knowledge economy. Practical tools and models are presented and experienced through a role-play simulation that places knowledge as the key strategic asset of the firm and the development and management of knowledge as the key activities. A major focus is placed on the differences between an industrial-based material value chain and a knowledge-based intellectual value chain, and how this affects value creation and extraction, and ultimately, competitive advantage.


The course is built around a simulated company environment based on role-play pedagogy, connected to a lab. The lab is based on a number of different simulations of various length and complexity, in which the students solve practical problems. Combined with the simulations, there are a number of related lectures. These will serve as the theoretical fundament, together with the literature, that is needed in order to accomplish excellent results throughout the simulations.


See separate list.


The students are graded on their performance in seminars and the assignments individually and in groups, in the form of written hand-ins and oral presentations. Attendance and active participation at the seminars is mandatory.

Page manager Published: Mon 28 Nov 2016.