Innovation is the lifeblood of organizations across industry sectors, but it is no more important than in the healthcare sector. The pharmaceutical industry, in particular, relies heavily on innovation to drive organizational success.
This document is a presentation by Chris Bogan, Best Practices, LLC chief executive, that uses examples from nature and industry to illustrate pathways to innovation, for R&D as well as operations. The presentation contains performance benchmarks from Best Practices, LLC research that highlight factors that can inform organizational innovation.
SAMPLE KEY FINDINGS
- Healthcare Patent Innovation Pales: Healthcare patent rates pale compared to other innovative industries.
- Lessons From Evolutionary Biology: The dragonfly is an exemplar of innovation in its niche. Nature offers many lessons to inform organizational success & failure.
- Performance Benchmarks: More than 25 performance benchmarks act like biologic assays that isolate unique factors informing organizational innovation.
- Pay Attention To The Outliers Not The Herd: Innovation evolves from necessity. Look to the outliers to see “budding” innovation approaches.