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Innovation Management and Controlling

Unlocking Success Through Strategic Innovation

Here innovation converges with strategy. In an era marked by rapid technological advancements and dynamic market shifts, effective innovation is no longer optional—it’s essential for organizational survival. Beyond generating creative ideas, true innovation lies in seamlessly integrating those ideas into core operations while maintaining strategic control. 

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Strategic Innovation Mastery: Master strategic innovation and gain insights into disruptive forces while leveraging control theories.

Cultivating an Innovative Culture: Learn leadership strategies to foster innovation and measure impact using the Balanced Scorecard.

Practical Skills for Real-World Impact: Transform ideas into actionable solutions and elevate your influence across roles.


Learning Objectives

Develop foundational knowledge of core innovation concepts, types, and their significance in organizational success.
Understand the challenges involved in managing innovation.
Cultivate the ability to foster and sustain an innovative culture within organizations.
Recognize the importance and impact of incentives and rewards in encouraging innovation.


This online course is best suited for professionals eager to elevate their expertise in innovation management and measurement. Whether you’re a seasoned team leader, project manager, innovation officer, or an aspiring entrepreneur, this program is designed to empower you. Regardless of your current level of expertise, our course equips you with the tools to enhance your innovation management capabilities and drive successful strategies. 

Why Join?

Diverse Audience: We welcome professionals from various industry sectors—both established organizations and startup beginners.

Impactful Change: Be the catalyst for positive transformation within your organization.

Join us on this journey of innovation and strategic growth!

Contents and Schedule

This course is designed to provide professionals with practical and theoretical knowledge in innovation management and measurement. By mastering these concepts, participants will be better equipped to navigate the complexities of innovation within their organizations and drive real-world impact.

The course consists of 8 modules, each focusing on a specific topic.

These modules include a mix of text-based and audio materials, personal reflections, recommended readings, and knowledge checks. You’ll have the opportunity to explore various aspects of innovation and develop a comprehensive understanding.

The language of the course is English.

You can complete the course flexibly at your own pace.

The estimated study time of the course is 27 hours equivalent to 1 ECTS and learners have access to the course materials for 8 weeks. You can complete the course flexibly at your own pace.

Module structure

  • Module 1: Innovation Management Introduction
  • Module 2: Innovation Management Challenges
  • Module 3: Control Theory and Innovation Management
  • Module 4: Building a Culture of Innovation
  • Module 5: Introduction to Innovation Measurement
  • Module 6: The Balanced Scorecard and Innovation Management
  • Module 7: Improving Innovation Management Practices
  • Module 8: Incentivizing and Rewarding Innovation


Teemu Malmi

Teemu Malmi is a Professor of Accounting at Aalto University School of Business. He specializes in managerial control systems, strategy implementation and cost, and profitability accounting.

Professor Malmi has served as a consultant to a large number of companies from different industries, e.g. Computers, Electrical, Energy, Finance, Food processing, Furniture, Health Care, Media, Metal and Engineering, Paper and Pulp, Pharmaceuticals, Rental Services, Retail, telecom and Transportation/logistics. He has also served ministries, municipalities, and hospitals.

David Derichs

Dr. Derichs is Senior University Lecturer at Aalto University School of Business, Department of Accounting. He is currently engaged in one early-stage startups as senior advisor and draws on more than eight years of international strategy consulting experience at RB (formerly Roland Berger Strategy Consultants).

In his current position as Senior University Lecturer, Dr. Derichs’ research focuses on Performance Measurement and Management, Digitalization of the Finance Function, Cost Accounting, Financial Planning, Lifewide Learning, and Healthcare Productivity related topics. He teaches Financial Management, Performance Management, Cost Accounting, Financial Planning, Information Systems, and Financial Accounting related topics at all levels of the university education cycle (BSc, MSc, MBA, PhD, Lifewide Learning). Recently, he established an international reputation for educational innovation (esp. VR cases) and received three prices for educational development – most notably the Entrepreneurship Facilitator of the year awarded by Kauppalehti and Liikemies Foundation. 

As a management/strategy consultant at RB, Dr. Derichs worked on investor support, restructuring and strategic reorientation related engagements across Europe and Asia in a large variety of contexts, including Engineered Products, Healthcare, Platform Businesses, Consumer Goods, Media, and Banking.  

David Derichs holds a Ph.D. in Economics from Aalto University and an MSc in Accounting and Finance from the London School of Economics (LSE).