Department of Business and Economics
Dean:Dr. Stefan Wendt
Email:vhd@ru.is
Website:https://www.ru.is/departments/vidskiptadeild
TeachersView
MSc in Innovation Management - 90 ECTS
Semesters:3
Years:1
ETCS:90
About majorMeistaranám í stjórnun nýsköpunar leggur áherslu á nýsköpun og frumkvöðlastarfssemi. Nemendur öðlast hæfni til að að stýra nýsköpunarstarfimismunandi skipulagsheilda við þróun á nýjum ferlum, vörum og þjónustu, ásamt því að nemendur geti leitt frumkvöðlastarf á breiðum grunni, þar á meðal til að stofna ný fyrirtæki. Námið eflir þekkingu og næmni nemenda fyrir nýjum tækifærum, þjálfar skapandi og lausnamiðaða nálgun og miðar að því að nemendur geti gert slíkar lausnir að veruleika.    
Learning OutcomesView
Degree titleMSc in Innovation Management
Legend
Mandatory course on majorTeaching language
Optional course on majorPrerequisites for course
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Haustönn/Fall 2024
More infoIntroduction to Management and Business ConceptsElectiveV-700-IMBUECTS 0
More infoCreative Approaches and Entrepreneurial MindsetsCoreV-702-CREMECTS 7,5
More infoInnovation and Entrepreneurship: A field of knowledge and practiceCoreV-703-INENECTS 7,5
More infoFundamentals in Tourism and Hospitality ManagementElectiveV-704-FTHMECTS 7,5
More infoFinancial Reporting and Accounting Standards IElectiveV-705-FIR1ECTS 7,5
More infoAuditing, Auditing Standards and Ethics in Accounting and AuditingElectiveV-706-AUD1ECTS 7,5
More infoStrategic ManagementCoreV-712-STJOECTS 7,5
More infoOrganizational PsychologyElectiveV-715-ORPSECTS 7,5
Year
1. yearPrint
SemesterFall 2024
Level of courseN/A
Type of courseElective
PrerequisitesNo prerequisites.
ScheduleNo schedule found.
Lecturer
Freyr Halldórsson
Content
The purpose of the course is to provide students with a solid knowledge of theories and concepts of organizational psychology and to develop students’ skills and competences to apply this knowledge in managerial decision making, in particular in the context of human resource management.

Organizational psychology and Human resource management (HRM) are separate, but connected disciplines. Organizational psychology is an applied science that seeks to develop knowledge about relevant human behavior and to apply that knowledge to solve problems in organizations. The goal of HRM is to help organizations meet strategic goals by effectively attracting, retaining and managing employees while ensuring compliance with all appropriate labor laws. While the two disciplines cover many of the same topics relating to employees and organizations, they can have a somewhat different focus. The main focus of the course is on organizational psychology with the goal to introduce students to both the main topics relating to organizational psychology and how organizational psychology can be used within organizations. The course also considers how organizational psychology and HRM can together be applied within organizations to further organizational goals.

The following topics and concepts are covered:
- Employee selection
- Fairness and diversity
- Individual differences and assessment
- Job analysis
- Job design
- Job evaluation
- Job performance and measurement
- Leadership
- Stress and worker well-being
- The motivation to work
- Training and development
- Work attitudes and emotions
- Workgroups and teams
Learning outcome - Objectives
Knowledge: Collection of facts, concepts, theories and techniques acquired by students. The student should:
- Have a general understanding of organizational psychology, the basic concepts and theories, and of the discipline’s purpose, key topics, and methodologies.
- Know how to apply theories and concepts to practical issues in the workplace.
- Have increased understanding of the factors affecting employee behavior and how organizational psychology can be applied to impact organizational effectiveness.
Skills: The ability to apply knowledge to different tasks of human resource management. The student should:
- Be able to analyze practical issues associated with human factors in the workplace.
- Be able to apply theoretical knowledge to practical settings within organizations.
- Be able to explain of how methods, theories and concepts of organizational psychology can be applied to analyze practical issues relating to people within organization to help solve organizational challenges.
Competences: The ability to apply knowledge and skills in human resource management. The student should:
- Show ability in group cooperation, contribute to analysis and assignments, have the ability to work independently as well as in active cooperation with others.
- Be able to use relevant literature, theories and research findings to critically assess and support arguments and recommendations pertaining to practical issues in organizations.
Course assessment

Reading material
No reading material found.
Teaching and learning activities

Language of instructionEnglish
More infoStaffing: from recruitment to terminationElectiveV-730-STRTECTS 7,5
More infoLabour lawElectiveV-731-LALAECTS 3,75
More infoDigital and Information System ManagementElectiveV-733-DIGIECTS 7,5
More infoChange management and leadershipElectiveV-736-CMLEECTS 7,5
More infoInternational MarketingElectiveV-736-INMAECTS 7,5
More infoFundamentals in Accounting and FinanceElectiveV-737-FAFIECTS 7,5
More infoAdvanced and digital marketingElectiveV-738-ADDMECTS 7,5
More infoBranding and Strategic MarketingElectiveV-741-BRANECTS 7,5
More infoEnterprise ArchitecturesElectiveV-746-ENARECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoApplied DerivativesElectiveV-766-APDEECTS 7,5
More infoInternational FinanceElectiveV-767-INTFECTS 7,5
More infoCorporate TaxationElectiveV-772-TAX1ECTS 7,5
More infoFixed Income AnalysisElectiveV-818-FINCECTS 7,5
More infoPerformance ManagementElectiveV-830-PEMAECTS 3,75
More infoPortfolio ManagementElectiveV-862-PORTECTS 7,5
More infoEquity AnalysisElectiveV-863-EQUIECTS 7,5
More infoMaster´s Thesis - partial submissionElectiveV-888-THHLECTS 15
More infoResearch ProposalCoreV-898-REPRECTS 0
More infoMaster´s ThesisCoreV-898-THESECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Vorönn/Spring 2025
More infoConsumer BehaviorElectiveV-712-COBEECTS 3,75
More infoInnovation ManagementCoreV-713-INNMECTS 7,5
More infoBusiness EthicsCoreV-714-BETHECTS 3,75
More infoEntrepreneurship and Innovation in ContextCoreV-715-ENICECTS 3,75
More infoBusiness Process ManagementElectiveV-716-BPMAECTS 7,5
More infoEntrepreneurial FinanceCoreV-733-ENTRECTS 7,5
More infoBranding and Strategic MarketingElectiveV-741-BRANECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoFinancial Reporting and Accounting Standards IIElectiveV-765-FIR2ECTS 7,5
More infoBusiness Research Methodology ICoreV-765-REM1ECTS 3,75
More infoApplied DerivativesElectiveV-766-APDEECTS 7,5
More infoConsolidated Financial StatementsElectiveV-767-SAREECTS 7,5
More infoSustainability Reporting and AssuranceElectiveV-774-GESSECTS 7,5
More infoBusiness Intelligence and AnalyticsElectiveV-784-REK5ECTS 7,5
More infoTopics in Emerging TechnologiesElectiveV-819-TEMTECTS 3,75
More infoBusiness Research Methodology IICoreV-825-REM2ECTS 3,75
More infoTourism MarketingElectiveV-840-TOMAECTS 7,5
More infoTraining and DevelopmentElectiveV-840-TRDEECTS 3,75
More infoEquity AnalysisElectiveV-863-EQUIECTS 7,5
More infoAccounting for derivatives and other financial instrumentsElectiveV-871-AFLEECTS 7,5
More infoMaster´s Thesis - partial submissionElectiveV-888-THHLECTS 15
More infoResearch ProposalCoreV-898-REPRECTS 0
More infoMaster´s ThesisCoreV-898-THESECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Sumar/Summer 2025
More infoManagement AccountingElectiveV-793-MAACECTS 7,5
More infoInformation Technology in AccountingElectiveV-804-INTAECTS 7,5
More infoSustainable FinanceElectiveV-817-SUFIECTS 3,75
More infoSustainable LeadershipElectiveV-836-SLEAECTS 3,75
More infoDesign Thinking for Information Security: An Interdisciplinary ApproachElectiveV-847-THISECTS 7,5