The Challenge of Innovating in an Operationally Efficient Ecosystem

By Dr. Alan S. Louie – February 4, 2014
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The move to eliminate excess capacity and externalize non-core competencies has driven leading life science companies towards process-centric approaches that have the strong potential to stifle creativity and encourage incrementalism. With most organizational initiatives requiring near term ROI to justify investment, there is little room for paradigm changing innovations. With the exception of sheer luck allowing organizations to capture new drug or market opportunities through M&A, there remains a need to encourage innovation even in operationally efficient organizations.

 

About the author

Dr. Alan S. Louie

Research DirectorIDC Health Insights

Dr. Alan Louie is Research Director at IDC Health Insights. In this role, he is spearheading the company’s research covering innovation and best practices in pharmaceutical R&D and personalized…

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