Innovation

Barriers to Physician Entrepreneurship

Physician entrepreneurship describes physicians, or other health professionals, pursuing opportunity under conditions of uncertainty with the goal of creating user defined value through the deployment of biomedical and clinical innovation. One way to do that is to create a product, a service or a company, but there are many other ways as well. Fortunately, students, trainees and clinicians at all ...

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The Power of Problem Exploration

“‘Houston, we’ve had a problem here.” John Swigert’s famous words, delivered in a voice as calm and clear as the mountain air in his native Denver, Colorado. But to the Apollo 13 mission controllers thousands of miles below in Texas, this fired the starting gun in a race against time. At 3:08 a.m. UTC on April 14, 1970, an explosion in ...

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Driving Digital Strategy to Reimagine Your Business

Recently I had the opportunity to interview Sunil Gupta, the Edward W. Carter Professor of Business Administration at Harvard Business School, where he is the chair of the General Management Program and co-chair of the executive program on Driving Digital Strategy. His research examines the impact of digital technology on consumer behavior, business, and society. Dr. Gupta is the author ...

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Here’s How You Know Your Industry Is About To Be Disrupted

On his hit HBO show Last Week Tonight, John Oliver pointed to the dangers of corporate consolidation. In a variety of industries today, ranging from airlines to healthcare to even buying a coffin for a funeral, a handful of major players dominate, which allows them to raise prices and restrict consumer choice. Anybody who has flown on an airplane in recent ...

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The Bigger the Back End, The Stronger the Backlash

Be careful. When innovation gets real, people react in unpredictable ways. People whom you thought were forward thinking recoil in reactionary conservatism. Others are willing to move a step forward but vigilantly cautious. The more concrete you get in detail, the stronger the reaction you receive internally. The Back End of Innovation is where you host learning in-market pilots, where ...

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Innovation in the Balkans – Part II – Dalmatia, Istria, and Bosnia-Hercegovina

This is the second article in a two-part series on innovation in the Balkan region of southeastern Europe.  My previous article focused on innovation in the northern part of the Balkans, including northern Croatia and Slovenia.  This article directs its attention towards the south and west includes coastal Croatia (the regions of Istria and Dalmatia) as well as the independent ...

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Design Thinking Grows Up – Welcome to Experience Thinking

Prologue Design Thinking is an incredibly powerful way to approach the design of just about anything that involves an interaction with people (or other intelligent creatures).  Its underlying philosophy of Human Centered Design requires that we develop a comprehensive empathic understanding of the customer and their situation in a particular context.  This can only happen when we dissect the situation ...

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Innovation Labs: open innovation, outside and inside the corporation (4/4)

Innovation labs or rapid innovation centers are developing at fast pace. Hereafter, we prolongate the previous review of Innovation Labs, with an industry point of view. Each archetype can inspire the managers in charge of creating an innovation lab, and arm them to compose their own recipe for success. 4 types of Innovation Labs from an industry perspective Sharing the point ...

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Do you have an innovation strategy?

A recent article by Juruzelski, Loehr and Holman from Booz Consulting (www.strategy-business.com) noted that there is no statistically significant relationship between financial performance and innovation spending. What’s more, they identified that the two primary elements of innovative companies are 1) a focused innovation strategy, and 2) an corporate culture that is wired for innovation. There has been a lot of ...

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