| Literature DB >> 32970917 |
Abstract
Entities:
Year: 2020 PMID: 32970917 PMCID: PMC7719360 DOI: 10.1111/cts.12903
Source DB: PubMed Journal: Clin Transl Sci ISSN: 1752-8054 Impact factor: 4.689
Drivers for innovation performance for the hypervelocity innovation model: a road map for warp speed
| Strategy | Processes | Resources | Organization |
|---|---|---|---|
|
Hypervelocity Strategic alignment between accelerated innovation and business strategy Accountable innovation practices – leading from the top Patient centricity |
New second pipeline apparatus that is agile and nimble Creation of an entrepreneurial culture Value chain that starts with the best ideation to validated prototypes showing proof of concept Accelerated development timelines Focus on continuous improvement and learning from best practices |
Staffing with top talent freethinkers and employees that exhibit an opportunistic attitude Focus on dynamic capabilities and core competencies |
Reward structure that incentivizes risk taking and idea conversion Facilitative, productive dialog fostering co‐evolution Transformational and crisis leadership Commonsense approach to decision making, not complex algorithm routines on risk Emphasize creativity over operational excellence and stewardship |
Figure 1Contrasting the conventional vs. hypervelocity innovation model.