How to Create a Culture to Capitalize on Innovation

Creating a Commercialization Culture A presentation by Jay Morgan, VP Global Innovation Bayer Consumer Care given at the back end of Innovation Conference, October, 2015. Jay Morgan shared his story of how Merck Consumer Care (now Bayer Consumer Care) began its innovation journey. The story takes place in Memphis, TN. It begins in 2011. It began with struggle and a ...

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Why Startups Are The Best Way To Manage Innovation

Innovation has become an imperative for corporations. The importance of having an innovative culture is something leaders no longer debate. In most surveys of corporate leaders, innovation is ranked among the top organizational priorities. For example, in their 2017 CEO survey, PWC found that innovation was ranked as the number one priority among CEOs. While the aspiration to innovate is ...

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How the U.S. government can boost startups, innovation, and jobs!

The Jumpstart Our Business Startups (JOBS) Act was signed into law by President Obama in May 2012. The idea was to relax regulations that prevented or slowed early stage investments by non-institutional investors. One of the main achievements of the new law was to allow crowdfunding. Until that point, private investment was limited by the SEC to accredited investors, and only up to 50 of those, ...

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Innovation is a Cruel Game

So get your patent filed! Sometimes the idea is tremendous but it fails because of the current state of technology or infrastructure.  Consider the common remote control for your TV set.  The Zenith Radio Corporation launched the first wireless remote control for TVs in 1955.  The ‘Flashmatic’ shone a beam of light onto a photoelectric cell in the TV.  Unfortunately, ...

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Leaning into Change Management

Change management used to refer to the practice of controlling changes to a system, but increasingly the term has come to be used more often to describe the profession and the practice of managing organizational change. And within the practice of change management, many people over-index on communications and training and many change professionals get pulled in to try and ...

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What Makes Innovation Districts Successful?

What Makes Innovation Districts Successful?

Open innovation, a rarity in sick care, depends on the free flow of information from inside to outside and vice versa. For that to happen, it takes a permeable membrane to drive osmotic flow of information and possible solutions across the separator. Like a polaroid lens that allows you to see things only when the optical conditions are right, likewise, ...

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Allow Innovation Exercises to Expand Business Model

As your innovation efforts begin to move from the ideation to the testing phase, or the co-creation with consumers or customers, outlandish and disruptive concepts present themselves. As messy as children arriving, they show up, saying “feed me, let me scream at the top of my lungs, I’m uncivilized” all without speaking. Don’t be put off by how wild or ...

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