Everyone in your organization is probably focused on dealing with the Corona-virus crisis. However, there is evidence that this is the moment to innovate as well. You may wonder how you can pull that off. What if I tell you that the only resource you need is time, at this moment?
How Physicians Can Fix Health Care, One Innovation at a Time, is a recently published book by Chris Trimble.
The book explains the role of physicians in the innovation process, they have to take the lead. Yet, Chris Trimble also acknowledges that most physicians have busy jobs. How to combine the two? Chris Trimble provides nice examples how to do exactly that, by building a shared and a dedicated team. He also shows the importance of experimenting, till the best solution has been found.
It is often falsely believed that innovation pays for itself. Yet, medical R&D is expensive and for most hospitals innovation is a cost center, often even a money sink. Why is innovation a cash cow in industry but does not translate into revenues and growth in medical centers?
Most will associate offense and defense with sports and not with Continuing Legal Education. However, let me explain why it makes sense to consider training your incoming recruits to play either offense or defense. As we know from sports, it is impossible to excel at both when playing at the professional level.
When in charge of organizing innovation in a professional service organization, you have the challenging task of both catalyzing innovation and overseeing the innovation process. Keeping these two objectives in play can be a strenuous balancing act, but it does not have to be.
On average, hospitals need to reduce costs by 5-10% in order to survive current pressures & changes. Such costs reductions are attainable, but only when physicians are engaged in these improvement trajectories. Then, it is impossible to unlock a hospital’s true potential. How engage physicians in such a way that it benefits all involved, i.e. physicians, hospital management and patients alike?
What is crowdfunding? Is your organization, or are your your researchers and inventors, missing an important opportunity?
Top talent has traditionally been the scarcest resource in the professional service industry. However, top talent seems currently abundantly available. First due to increased mobility, top talent can be recruited from the market as long as you are willing to pay a premium price. Second more professionals are being educated than are needed, leading to an oversupply of for example lawyers and some types of clinical specialists. How is your organization adjusting to this new reality?
In this Organizing4Innovation Webinar, Floortje Blindenbach-Driessen, PhD, explains in 30 minutes what it takes to manage innovation in professional service organizations. She points out why organizing for innovation is important, what it entails and how it can be achieved.
How convenient would it be to have someone else innovate on your behalf? You point out the issue that needs to be resolved or improved, and someone else will do the work and come up with a new product, service that will do exactly what you asked for. Then you only have to …, well what parts of the process would you still have to do?
Can law firms create new services? Absolutely! A nice example of legal innovation is the FISHstep program. This program is a unique new legal service for technology start-ups in need of intellectual property support.
The Resource Curse Thesis was developed in the 1990-ties by Richard Auty. Resource rich countries, countries with an abundance in natural resources, are poorer and have slower growing economies than resource poor countries. Does the same apply to innovation? Are resource poor firms, or innovators, better at innovation than those who have abundant resources?