The costs of innovation have rose to the extent that discovery gaps exist for whole industries. The pharmaceutical industry has been the focus of many studies as to why such a discovery gap (drugs with expiring patents coupled with few […]
Key Success Factors for Creating an Innovation Culture
How to get there and what does it look like…. The success factors for innovative company cultures are the overwhelming alignment of R&D managers to collaborate with openness to promote creativity and to manage risk. In the big picture, innovation […]
Servant Leaders: Leadership Contains Servitude
This concept is not what most folks think about leaders, being servants of those they lead? This principle is not a cultural norm of most Western civilizations. An example? Think of Harry Potter’s behavior…..Think about the CEO’s showcased in Good […]
Corporate Environmental Factors Enabling Innovation
So you have set up a process to innovate. Have you considered some of the cultural issues that affect your corporate environment so you can actually innovate and come up with new ideas to address customers’ needs? People need time […]
Getting Out of Your Way to Innovate
Bureaucratic inertia and management faithlessness aside, making your pitch to innovate involves knowing not only consumer needs yet also management needs. Maybe upper management doesn’t know what you do, so send them a short email weekly (2-3 sentences total) to […]
Innovation Metrics Revisited
Since we last spoke about metrics in 2009, metrics have remained the critical factor in measuring innovation success. Metrics are used as key performance indicators–how much bang are you getting for your buck? Overall, everyone should assess the percent of […]