03 May '14 07:23>3 edits
There is no doubt that one of the standout aspects of the human race is our ability to control our environment (the carnage to the natural world notwithstanding). This phenomena extends from the macro of rocket flight and exploration, through the micro of antibiotics and disease control to the connectivity of the internet; in comparison to the other species on this planet we are the masters of innovation.
In the business world innovation is no less critical for long-term economic success than it is for our success as a species; in fact the two are completely conjoined. Steve Jobs said "innovation distinguishes leaders and followers", but we should remember that without leaders there are no followers. Without innovation there is no progress. Without progress we are going backward, there is no standing still.
Two big stories in the media at the moment orbit the topic of innovation; the $64bn aggressive take-over of Astra-Zeneca (the last large independent UK Pharma company) by Pfizer and the $119mn payout by Samsung to Apple for patient infringement. There are of course others.
http://www.theguardian.com/business/2014/may/02/pfizer-writes-to-no-10-raises-bid-for-astrazeneca
http://www.bbc.co.uk/news/world-us-canada-27265633
These two are examples of the modern corporate mindset:
- It is cheaper and easier to buy your competitor rather than compete with them.
- Rather than spend on innovation it is fiscally expedient to break the law and copy, rather than lose market share; just build the cost of the fine into your budget.
Astra are battling the take-over citing the constriction of R&D and the inevitable binning of their competitive innovations which would challenge Pfizer's current market positions. Samsung just needed to get into the tablet market as Apple were so far ahead in terms of innovation it was almost impossible to catch up. Shame on them them then.
Jobs also said that innovation was not about the size of the R&D budget. innovation is about vision, drive, the passion for exploration, the desire to improve the human condition through a commitment to breakthrough and overcome. The corporate giants are now killing innovation. Rumours have abounded for years that the suits at the top view a "cure" for cancer as not fiscally expedient when billions of revenue depend on "treatment" for cancer.
Something needs to change in the corporate world and change fast.
In the business world innovation is no less critical for long-term economic success than it is for our success as a species; in fact the two are completely conjoined. Steve Jobs said "innovation distinguishes leaders and followers", but we should remember that without leaders there are no followers. Without innovation there is no progress. Without progress we are going backward, there is no standing still.
Two big stories in the media at the moment orbit the topic of innovation; the $64bn aggressive take-over of Astra-Zeneca (the last large independent UK Pharma company) by Pfizer and the $119mn payout by Samsung to Apple for patient infringement. There are of course others.
http://www.theguardian.com/business/2014/may/02/pfizer-writes-to-no-10-raises-bid-for-astrazeneca
http://www.bbc.co.uk/news/world-us-canada-27265633
These two are examples of the modern corporate mindset:
- It is cheaper and easier to buy your competitor rather than compete with them.
- Rather than spend on innovation it is fiscally expedient to break the law and copy, rather than lose market share; just build the cost of the fine into your budget.
Astra are battling the take-over citing the constriction of R&D and the inevitable binning of their competitive innovations which would challenge Pfizer's current market positions. Samsung just needed to get into the tablet market as Apple were so far ahead in terms of innovation it was almost impossible to catch up. Shame on them them then.
Jobs also said that innovation was not about the size of the R&D budget. innovation is about vision, drive, the passion for exploration, the desire to improve the human condition through a commitment to breakthrough and overcome. The corporate giants are now killing innovation. Rumours have abounded for years that the suits at the top view a "cure" for cancer as not fiscally expedient when billions of revenue depend on "treatment" for cancer.
Something needs to change in the corporate world and change fast.