Innovation

How Doctors and Patients Can Win the Fourth Industrial Revolution

The Fourth Industrial Revolution is a mental model created by the leaders of the Joint Economic Forum and describes how physical, digital and biologic technologies have collided and the resulting challenges and opportunities that presents. Here is how AI is changing sick care. Here is how 3-D printing is changing sick care. Here are the opportunities using VR/AR in sick care. Google and ...

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Alas, Poor Henry and the Problem

According to legend, Henry Ford scoffed at market research and what we now call Consumer Insights, proclaiming, “If I had asked people what they wanted, they would have said faster horses.” While there is a certain degree of wisdom in this statement, it has been misquoted to justify bad, hubris-inspired product failures by too many corporate egos. Yes, to Ford’s ...

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Energy-Efficient Innovations in Commercial Real Estate

Millennials, now the largest consumer demographic, have redefined how businesses serve their customers, from retail to real estate. With this demographic illustrating a very different set of consumer demands and expectations than the older Baby Boomer generation, the relationships that exist between utility companies, property managers, and manufacturers of household appliances; and the Millennials who use their services, has been ...

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Defining Innovation Capital

How to Protect Breakthrough Innovation

Innovation capital is made up of many different assets that are often context specific and interconnected and this makes it hard to build without taking a broader, more holistic approach to developing your capabilities, capacities and competencies to innovate. You ‘map’ and align these to fit your strategic goals and aspirations.

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Don’t Worry About People Stealing Your Ideas

Chester Carlson worked on his idea for years. It was tough, messy work and when his wife tired of the putrid smells, sulfur fires and occasional explosions emanating from the kitchen, his experiments were exiled to a second floor apartment in a house his mother-in-law owned. It took years, but he came finally up with a working prototype. He tried ...

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How to Overcome the Barriers to Academic & Industry Collaboration

Almost 20 years ago, a report from the National Academy of Sciences and the Institute of Medicine described the results of a conference addressing and the barriers to academic-industry collaboration and solutions to overcome them. While there has been slow progress addressing these issues, for the most part, the barriers persist and industry frustration with academic medical centers continues. Trends in ...

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Taking the Path to Digital Transformation

This is the first of three articles on embracing digitization, transformation and innovation. It is becoming more and more apparent that we are living in a moment of profound possibility and enormous disruption. Where the old business paradigms are dying and innovative new ones are emerging, especially creating new ways of integrating people and technology through focusing digitization efforts. What ...

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Start with Feeling

People ask me often about Innovation. No one has a clear definition. Innovation is one of those words that mean something different to anyone who hears it. Similar to other words that are filled with misunderstanding, such as creativity or strategy, innovation, requires a refining conversation to demystify and better understand. The first task is to name what is not ...

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