A quick post about the article Can Medical Innovation in Developing Countries Disrupt the U.S. Healthcare System?: While American and European healthcare are characterized by high costs and government regulations, the industry in Asia is booming and producing cost-effective equipment to serve millions. Western firms have become somewhat complacent in their operating models: Many U.S. companies
We have had a theme here at the blog: Innovation does not happen by accident, it requires challenges. If the external environment does not generate the challenges on its own, R&D managers have to create those challenges. Here is some more evidence to support the thesis. Last year, China clamped down on the export of
A quick post about the article Can Medical Innovation in Developing Countries Disrupt the U.S. Healthcare System?: While American and European healthcare are characterized by high costs and government regulations, the industry in Asia is booming and producing cost-effective equipment to serve millions. Western firms have become somewhat complacent in their operating models: Many U.S. companies
A couple of articles on driving innovation through Reverse Innovation. One is from Wharton School of Business and another from Forbes. The article suggests that historically innovation happened in the rich countries and moved to poor countries and now it needs to start in the emerging countries. Vijay Govindarajan, professor of international business at the Tuck
Companies around the globe pursue breakthrough technologies to grow. Surveys show that executives remain dissatisfied with the return on innovation investment. The article Source: The big costs behind Google’s moonshot start-ups provides some useful data. The debate among tech analysts isn’t about whether the moonshots will lose money, but rather how large the losses will
Many of the organizations we have visited often have the discussion about innovation vs. structure. The thought is that if we enforce processes and metrics on innovation, we will cripple it. The post Does Structure Kill Creativity? – K.L.Wightman lays out some interesting thoughts: There are 26 letters in the alphabet and 12 notes in
The article “Why Is Innovation So Hard?” outlines cultural challenges that prevent innovation from taking root. As we have discussed many times, development of disruptive capabilities can often fail to achieve their intended results. This means that in order to innovate we need to change our attitude toward failures and mistakes. Contrary to what many
Sorry I have been gone for a while – starting a business requires a lot more effort than I had thought. The rewards more than make up for effort, but some important things like this blog get dropped along the way… A quick post about Yahoo!’s new CEO from INSEAD Knowledge. The article provides many interesting facts
McKinsey Quarterly has an interview of Amgen CEO Kevin Sharea (Why I’m a listener: Amgen CEO Kevin Sharer) where he emphasizes the importance of listening for leaders. We have talked about listening a couple of times in the past (here and here). He says that the best way to listen is to do so with just
A quick post about a lecture by Unilever’s Kees Kruythoff in Knowledge@Wharton (Global Leadership Lessons from Unilever’s Kees Kruythoff ). Kruythoff mentions that a sense of enthusiasm and excitement is key to a company’s success and makes progress possible. He sees that sense of enthusiasm has been a key to his own success: “Kruythoff said