The Impediments Universities, federal labs and research institutes do not have adequate incentives to commercialize ideas. These “idea factories” have an incentive to charge large, up-front...
How America’s idea factories can work with CEOs to commercialize more technology.
The bioscience industry has become one of the most innovative and important economic drivers in the U.S., now accounting for more than 1.6 million jobs, nurturing a well-paid and highly skilled workforce and maintaining an American edge in a cluster of technologies that likely will be as important to this century as computerization was to the last.
Innovation is a combination of years of hard work and trusting your gut instinct. But your company’s success is only as good as your last product. How do you keep innovation going for decades, as Apple has done with iPods, iPhones and iPads? We scoured the online universe and found four ideas from experts who are leading the way.
In his new e-book, Re-Think: A Path to the Future, former IBM CEO Sam Palmisano predicts that traditional multinational firms will cease to exist and will eventually be replaced by globally integrated enterprises. These GIEs will locate departments not only in different states but even in different countries, wherever the most appropriate talent resides.
Landing the Tesla “gigafactory” will be an economic-development bonanza for one of the four states in the running. But beyond the borders of Texas, New Mexico, Arizona or Nevada, the complex also could provide a huge innovation boost for the stubborn problem of increasing battery life in electric cars and unleash spinoff advancements in other electricity-related industries.
The University of Michigan and Ohio State University are bitter rivals on the football field and lots of other arenas. But as the lead institutions in the Defense Department’s new American Lightweight Materials Innovation Institute, they’ll have to get along in a new federally funded effort to advance the manufacturing and use of lightweight, high-performing metals and alloys.
CEOs play a pivotal role in leading their organizations to continuously innovate and generate a steady stream of new value. As part of this, one major challenge they face is balancing the many opposing forces, which can inadvertently result in a mysterious inertia that stalls these efforts.
In the midst of a weak recovery from a particularly severe recession, many people are wondering whether the United States is in a state of decline, lacking the dynamism it once had. In terms of inventiveness such as patent creation the U.S. still ranks high. In other measures not so much.
CEOs must drive a continual search for new ideas and have the courage to commit resources for the long term.
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