The Knowledge and Support Technical Assistance 9017: Unlocking Innovation for Development's aim is to strengthen the capacity of Developing Member Countries of the Asian Development Bank to solve development problems using innovative solutions. At the five-year mark since the technical assistance was started, this report examines the evidence that has emerged so far to better understand in which ways the technical assistance achieved its aims, and what can be learned from the activities and pilots projects it funded.
When the pharmaceuticals giant Merck reports promising results for a potential "blockbuster" drug, the story makes the evening news. Now, at a time when new product development has become critical to success in so many industries, The Development Factory proves that process innovation - not just product innovation - can be the key to competitive edge. In this multiyear study of pharmaceutical and biotechnology firms, Gary Pisano explores the dynamics of superior product and process development in a highly competitive industry that lives and dies by its R&D and depends heavily on rapid time to market. His work reveals that behind the success of many new product introductions lies the development of novel process technologies that provide lower costs, higher quality, and increased flexibility. Pisano challenges the widely held product-process life cycle view of competition, which suggests that industries tend to emphasize either product innovation or process innovation. He also questions the notion that there is a conflict between pursuit of product innovation and pursuit of lower costs, arguing that product development and process development capabilities are complementary. Extending the lessons to a wide variety of manufacturing industries, The Development Factory will guide companies toward unlocking the potential of process development and understanding the patterns of organizational behavior and managerial actions that help create and implement new capabilities over time.
This small but powerful book, perfect to toss in your briefcase or bag, takes on the conventional thinking that says more resources are the answer-helping you to see what is really going on as your organization seeks to innovate and launch new products. In an open and straight-talking manner, it teaches you to challenges the premises undermining your performance. Then it shares strategies that strike directly at the root causes, so you can start taking action immediately-action against issues like: Low Project Throughput - Are you simply not getting as many new products to market as you need to? Poor Predictability or On-Time Performance - Do you struggle to predict and commit to timelines that your business can actually achieve? Minimal Market Impact - Are too many of your resources going to low impact programs or programs that don't deliver as promised? Long Time to Market / Slow Speed to Market - Do projects take too long causing you to miss critical windows of opportunity? These are the key issues that Unlocking Innovation Productivity can help you overcome. As a passionate and experienced business leader and innovation insider himself, Mike Dalton has used these strategies across industries globally. This book crystallizes that experience into the roadmap you need to transform your organization-once and for all-to deliver both profitable and predictable new product growth.
New technologies present governments with opportunities and challenges in a range of key policy areas such as employment, competitiveness, equity, and sustainability. A consensus is that the national government can play an important role in stimulating innovation. This report explores policy options to facilitate Indonesia's technological transformation and unlock its economic growth potential.
Every company's ability to innovate depends on a process of experimentation whereby new products and services are created and existing ones improved. But the cost of experimentation often limits innovation. New technologies--including computer modeling and simulation--promise to lift that constraint by changing the economics of experimentation. Never before has it been so economically feasible to ask "what-if" questions and generate preliminary answers. These technologies amplify the impact of learning, paving the way for higher R&D performance and innovation and new ways of creating value for customers.In Experimentation Matters, Stefan Thomke argues that to unlock such potential, companies must not only understand the power of experimentation and new technologies, but also change their processes, organization, and management of innovation. He explains why experimentation is so critical to innovation, underscores the impact of new technologies, and outlines what managers must do to integrate them successfully. Drawing on a decade of research in multiple industries as diverse as automotive, semiconductors, pharmaceuticals, chemicals, and banking, Thomke provides striking illustrations of how companies drive strategy and value creation by accommodating their organizations to new experimentation technologies.As in the outcome of any effective experiment, Thomke also reveals where that has not happened, and explains why. In particular, he shows managers how to: implement "front-loaded" innovation processes that identify potential problems before resources are committed and design decisions locked in; experiment and test frequently without overloading their organizations; integrate new technologies into the current innovation system; organize for rapid experimentation; fail early and often, but avoid wasteful "mistakes"; and manage projects as experiments.Pointing to the custom integrated circuit industry--a multibillion dollar market--Thomke also shows what happens when new experimentation technologies are taken beyond firm boundaries, thereby changing the way companies create new products and services with customers and suppliers. Probing and thoughtful, Experimentation Matters will influence how both executives and academics think about experimentation in general and innovation processes in particular. Experimentation has always been the engine of innovation, and Thomke reveals how it works today.
This report examines ADB's Unlocking Innovation for Development technical assistance project and highlights lessons learned from activities and pilot projects it has funded. Under the project, ADB aims to strengthen the capacity of its developing member countries to solve development problems using innovative solutions--both existing and crowdsourced ideas. The project's progress and cross-sector development achievements in 5 years since its implementation are presented in this report.
After a disappointing 2019, growth prospects in developing Asia have worsened under the impact of the current health crisis. Signs of incipient recovery near the turn of this year were quickly overthrown as COVID-19 broke out in January 2020 in the region’s largest economy and subsequently expanded into a global pandemic. Disruption to regional and global supply chains, trade, and tourism, and the continued spread of the outbreak, leave the region reeling under massive economic shocks and financial turmoil. Across Asia, the authorities are responding with policies to contain the outbreak, facilitate medical interventions, and support vulnerable businesses and households. Assuming that the outbreak is contained this year, growth is expected to recover in 2021. Especially to face down fundamental threats such as the current medical emergency, innovation is critical to growth and development. As some economies in developing Asia challenge the innovation frontier, many others lag. More and better innovation is needed in the region to sustain growth that is more inclusive and environmentally sustainable. Five key drivers of innovation are sound education, productive entrepreneurship, high-quality institutions, efficient financial systems, and dynamic cities that excite knowledge exchange. The journey to creating an innovative society takes long-term commitment and hard work.
“This book is a must for any Business Development Manager, Corporate Strategist, R&D Director, and anyone else who is accountable for growth in a corporation. It is an easy read that is practical and not fraught with useless academic theories.” Ron Pierantozzi, Ph.D., CEO of PPT Research and Former Director, Business Development, Air Products & Chemicals, Inc. A Breakthrough Approach to Investing in Business Innovation Most companies analyze investments using tools that bias them against real innovation and lead them to avoid their best opportunities. This book introduces a breakthrough alternative: Opportunity Engineering. Drawing upon recent advances in financial analysis, but without requiring a lot of math, the authors show how to engineer the risk out of uncertain opportunities so you can pursue more high-payoff innovations. You’ll learn how to escape from the “go/no-go vise” and implement more flexible decision-making that considers all the business alternatives, models, and opportunities associated with each project. You’ll learn how to systematically structure high-potential projects to limit downside exposure and boost your potential upside. The authors show how to define the scope of investment opportunities, identify key drivers of potential profits, document assumptions, design out major risks, and tease out key challenges and vulnerabilities. Using these techniques, you can escape the mindset that limits you to low-impact innovations and begin pursuing serious growth opportunities--and make business uncertainty work for you, not against you. Why companies avoid their best opportunities for innovation Getting past risk-averse analysis that snuffs out experimentation and innovation Systematically engineering your opportunities Capturing the upside, slicing out the downside Beyond rigid “go/no-go” decisions How flexible, staged innovation creates more opportunities for delivering value Constructing an engineered growth portfolio of innovation investments Optimizing your mix of core-enhancing investments and high potential “long shots”
Are you ready to unlock your full potential and unleash your creative genius? Do you want to learn how to harness the power of imagination to fuel your creativity, spark innovation, and drive personal and professional success? Are you an aspiring entrepreneur, a creative professional, a student, or anyone looking to ignite their imagination and unleash their full creative potential? Imagine if you will, a young boy in Sydney, Australia by the name of Ben Pasternak, who through curiosity, determination and creativity developed his first mobile game, "Impossible Rush". In todays world that might not sound as exciting as I make it sound. But "Impossible Rush" was not just another mobile game, it was a testament to Ben's innovative thinking and his ability to create engaging and addictive experiences. The game required players to match colors quickly to earn points, and its simple yet challenging gameplay captured the attention of millions of gamers worldwide. To Ben's surprise and delight, "Impossible Rush" became an overnight sensation, garnering millions of downloads and earning rave reviews from gamers and critics alike. This early success was a turning point for Ben, inspiring him to explore new opportunities. Ben was able to turn curiosity, creativity and imagination into something more. After graduating from high school, Ben decided to pursue his entrepreneurial dreams full-time and founded his first startup, Flogg, a social marketplace app that enables users to buy and sell items with their friends and local communities. With his passion for technology, innovative ideas, and relentless determination, Ben worked tirelessly to develop, launch, and scale Flogg into a successful business that attracted millions of users and generated significant revenue. What does it take? The role of imagination in personal growth and development. The difference between creativity and innovation and their significance in driving progress. Practical tips, exercises, and strategies to unlock and unleash their creative potential. How to overcome obstacles, embrace failure, and learn from mistakes to fuel continuous growth and improvement. The importance of collaboration, teamwork, and community in fostering creativity, sparking innovation, and making a positive impact on society. Are you ready to unlock your creative potential, unleash your imagination, and make a positive impact on your life, work, and community? If so, then don't wait any longer! Start reading "Building Success: The Power of Imagination, Unlocking Creativity and Innovation" today! Remember, the only limits that exist are the ones you place on yourself. So, dare to dream big, embrace curiosity, explore new possibilities, and unleash your full creative potential with "The Power of Imagination: Unlocking Creativity and Innovation."
