The purpose is threefold. Firstly, to prepare students for participation in product development processes, and acquire qualifications and comprehensive insight into solving issues of making new product development manageable, e.g. how to organize and manage product development processes. Secondly, to enable students to critically reflect and analyze different management tools in innovation of product and services. Thirdly, to give the students knowledge about the relationship between performance measurement of innovation and the management of innovation, so they can choose among different performance measurements and understand the implications of these choices.