Remove Operations Remove Pharmaceuticals Remove Power Remove Process
article thumbnail

How Chinese Companies Disrupt Through Business Model Innovation

Harvard Business Review

China has not been a huge technology innovator, despite being the world’s second-largest investor in R&D , but Chinese businesses have found ways to use innovations in processes, business models, and customer experience to their disruptive advantage. As a result, we have missed China’s transition from displacer to disruptor.

article thumbnail

Research: Innovation Suffers When Drug Companies Merge

Harvard Business Review

On the other hand, M&As can also strengthen the market power of the combined entity, reducing competition in a way that harms consumers. This is especially true in pharmaceutical markets where new and affordable drugs can improve and even save the lives of many people. What’s the reason for this?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Corporate Learning Programs Need to Consider Context, Not Just Skills

Harvard Business Review

Learning needs to be built into how power really works within organizations, organized around peer power, functional power, and hierarchical power. In one pharmaceutical R&D company, we identified three critical populations that needed to change to enable the execution of the organization’s strategy.

Skills 11
article thumbnail

Predictive Medicine Depends on Analytics

Harvard Business Review

Actors in this ecosystem are increasingly working together rather than handing off information or tasks to the next entity in a linear process. That’s why pharmaceutical, biotechnology, and medical device companies need to define their relevance in this new health care ecosystem, and soon. They’re also sharing risk. But not for long.

article thumbnail

Bologna Shows How a Business Cluster Can Stay Vibrant for Centuries

Harvard Business Review

The innovation of the Bolognese silk makers was to operate the Lucca machine with a hydraulic wheel, instead of by hand. Long before the Industrial Revolution , Bologna used this combination of hydraulic power and technology to bring silkworm farming to Europe at scale. That catalyst is what starts the “cluster reaction.”

article thumbnail

Health Care Is an Investment, and the U.S. Should Start Treating It Like One

Harvard Business Review

health care system, ranging from expensive imaging for benign medical conditions to routine pre-operative testing before low-risk surgeries like cataract surgery. Examples of significant investments in low-value care services abound in the U.S. Some research estimates that 42% of Medicare beneficiaries receive some form of low-value care.

article thumbnail

Changing Company Culture Requires a Movement, Not a Mandate

Harvard Business Review

Innovation demands new behaviors from leaders and employees that are often antithetical to corporate cultures, which are historically focused on operational excellence and efficiency. Prasad, CEO of Dr. Reddy’s, a 33-year-old global pharmaceutical company headquartered in India that produces affordable generic medication.

Company 15