New Models of Innovation in Life Sciences
As companies refocus on growth and innovation, it’s time to look at the approach to generating good ideas and turning them into products and services. For the majority of companies, this approach hasn’t changed for decades. Innovation for them is a proprietary activity conducted largely inside the organization in a series of closely managed steps.
Organizations that consistently outperform and grow the fastest have embraced a different innovation approach. Open innovation is leveraged by these organizations to bring products and services to market faster and at a lower cost.
