Insegnamento a.a. 2025-2026

20568 - EMPIRICAL METHODS FOR INNOVATION STRATEGIES

Course offered to incoming exchange students

Department of Management and Technology


Student consultation hours
Class timetable
Exam timetable

Course taught in English
Go to class group/s: 31
CLMG (6 credits - I sem. - OP  |  SECS-P/08)
Course Director:
STEFANO BRESCHI

Classes: 31 (I sem.)
Instructors:
Class 31: STEFANO BRESCHI


Suggested background knowledge

A solid grounding in Python and basic econometrics (or the willingness to acquire these skills rapidly) is required.

Mission & Content Summary

MISSION

This course introduces students to a comprehensive set of empirical tools and methods for generating data-driven evidence to inform managerial decision-making, with a particular focus on innovation and technology challenges. By integrating econometric foundations, network and machine-learning techniques, and scientometric and patent-analysis approaches, the course enables participants to tackle real-world problems across marketing, entrepreneurship, firm strategy, and business-model innovation. Its lab-based, hands-on format prioritizes practical application: students learn to manipulate large and textual datasets in Python, develop empirical studies, and interpret results in a managerial context. A solid grounding in Python and basic econometrics (or the willingness to acquire these skills rapidly) is required. Attending students consolidate their learning through three in-class tests (the best two grades count) and a capstone group project—a concise, well-structured empirical study addressing a specific business or economic question.

CONTENT SUMMARY

The course is organized into two blocks—Methods, Topics, each delivered via lectures, case studies, and lab sessions.

 

  • FOUNDATIONS
    1. Course Introduction and Overview of Empirical Strategies
    2. Review of Econometric Principles

 

  • METHODS
    1. Networks
    2. Supervised Learning Models
    3. Unsupervised Learning Models

 

  • TOPICS
    1. Bibliometrics: Scientific Article Analysis
    2. Patent Valuation & Textual Similarity
    3. Geography of Innovation

Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Acquire the theoretical foundations of econometric and network-analysis methods for empirical research.
  • Understand key machine-learning algorithms (supervised and unsupervised) and their relevance to managerial decision-making.
  • Learn the principles of scientometric and patent-analysis techniques for evaluating innovation and technology.

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Apply Python and econometric tools to perform data-driven analyses and derive managerial insights.
  • Design and execute empirical studies—from data collection and preprocessing to model implementation and interpretation.
  • Collaborate effectively in teams to develop and present a structured, data-based business or economic project.

Teaching methods

  • Lectures
  • Guest speaker's talks (in class or in distance)
  • Practical Exercises
  • Collaborative Works / Assignments

DETAILS

  • Lectures: Conceptual overviews and theoretical foundations.
  • Case Studies: Real-world examples to link methods with managerial problems.
  • Lab Sessions: Hands-on practice in Python on sample datasets.
  • Group Project: Incremental development of an empirical study using real data.
  • Guest Speaker: Insights from industry on practical applications.

Assessment methods

  Continuous assessment Partial exams General exam
  • Individual Works/ Assignment (report, exercise, presentation, project work etc.)
x    
  • Collaborative Works / Assignment (report, exercise, presentation, project work etc.)
x    

ATTENDING STUDENTS

Attending Students

 

To qualify as attending, students must complete at least two in-class tests and submit the group project. Attendance is encouraged but not formally recorded.

 

In-Class Tests (40%; three tests, best two count)

  • Knowledge and theoretical understanding: Each test evaluates key econometric principles, foundational network-analysis concepts, and core supervised- and unsupervised-learning algorithms (ILOs “Knowledge and understanding”).
  • Timely application: Short exercises require students to move swiftly from raw data to numerical results and managerial interpretations, demonstrating their ability to apply tools under time constraints (ILOs “Applying knowledge and understanding”).
  • Formative feedback: Allowing the best two grades out of three encourages continuous improvement and concept reinforcement before subsequent tests.

b) Group Project (60%) Final written project

  • Integrated, hands-on application: Teams design and execute a full empirical study—from data collection and cleaning to Python-based model implementation—on an innovation or technology topic, directly assessing study design and technical skills (ILOs “Applying knowledge and understanding”).
  • Teamwork and communication skills: Written and oral project deliverables evaluate each student’s ability to collaborate effectively, present findings clearly, and contextualize results for managerial decision-making (ILOs “Applying knowledge and understanding”).
  • Comprehensive knowledge assessment: Real-world data analysis and interpretation also measure students’ understanding of the underlying methodologies (ILOs “Knowledge and understanding”).

NOT ATTENDING STUDENTS

Non-Attending Students

 

a) Written Exam (50%) Closed-book test covering content of slide and readings discussed in class.

  • Broad theoretical coverage: A closed-book exam assesses mastery of lecture slides and assigned readings, ensuring deep comprehension of econometric foundations, network-analysis methods, and major machine-learning techniques (ILOs “Knowledge and understanding”).
  • Independent reasoning: Open-ended questions and practical exercises require students to think critically and integrate concepts without external aids.

b) Small Project (50%)

  • Individual application of methods: A scaled-down empirical study tests each student’s ability to prepare datasets, run Python analyses, and interpret findings independently (ILOs “Applying knowledge and understanding”).
  • Autonomy and project management: The written deliverable assesses organizational skills, clarity of exposition, and capacity to extract managerial insights from empirical results (ILOs “Applying knowledge and understanding”).

Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

  • Core Texts & Resources
    • Detailed reading materials and slide decks will be provided before each session.
    • A curated list of recommended journal articles will be communicated in Week 1.
    • Dataset and Python codebook will be made available before the labs
Last change 02/06/2025 11:10