Drug Money
Innovation Observer
by Eugene Ivanov
1M ago
This image was created with the help of Microsoft Designer Comparing a book to The Bible says a lot about this book. It points to the high impact it has on a particular field of knowledge and expertise. It also reflects an absolute trust the readers of the book have in its content — and its authors. The Diagnostic and Statistical Manual of Mental Disorders, a book published by the American Psychiatric Association, is considered “the bible” of psychiatry. It sets the golden standards for diagnostics of psychiatric disorders and provides sought-after treatment guidelines. Given its ability ..read more
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Patient-Centric Healthcare: Putting Patients in the Driver’s Seat. But Who Is Driving?
Innovation Observer
by Eugene Ivanov
2M ago
     This image was created with the help of Microsoft Design It seems so natural to place a patient at the center of healthcare. Sure, how else? And yet, surprising as it may be, the very term “patient-centric healthcare” only emerged at the end of 1980s. Two major factors drove the trend. The first was a deep dissatisfaction with the paternalistic, doctor- and provider-centric approach that dominated healthcare at the time. The second was the looming anger at the pharmaceutical companies that kept designing protocols for clinical trials of new drugs without taking into account patients’ nee ..read more
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The Strength from Within
Innovation Observer
by Eugene Ivanov
3M ago
     This image was created with the help of Microsoft Design Thick dark clouds keep gathering over the concept of remote work. A 2021 article published in the journal of Nature Human Behavior took a look at what happened at Microsoft when the company had shifted, firm-wide, to remote work during the first six months of the COVID pandemic in 2020. The shift to remote work caused business groups within Microsoft to become less interconnected, rendering the internal collaborative networks more static and siloed. Working from home, Microsoft employees did continue to collabor ..read more
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Are You Free to Innovate?
Innovation Observer
by Eugene Ivanov
4M ago
The image was created with the help of Microsoft Designer I like to argue that one of the most powerful drivers of innovation — and the one that draws surprisingly little attention — is freedom. Freedom emerges as a common denominator for the factors that boost innovation. The reverse is also true: restrictions on liberties have a chilling effect on the corporate innovation process. Three Levels of Freedom The positive effect that freedom exerts on innovation manifests at three major levels: individual, organizational, and national. The first, individual, level manife ..read more
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How to Win a War
Innovation Observer
by Eugene Ivanov
5M ago
The image was created with the help of Microsoft Designer This piece has been originally posted to Medium. What do you need to win a war? A few things. First, an army equipped with modern weapons and instilled with high spirit. Second, a vibrant economy capable of sustaining the hardship of continued military operations. Third, strong public support for the country’s political and military leadership. Anything else I forgot to mention? One more thing: you need an enemy. And not just an enemy, a bogeyman whom you’ve created to justify the war, but the enemy, the real cause ..read more
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Being an Expert: Traveling the Same Road Again and Again
Innovation Observer
by Eugene Ivanov
5M ago
This image was created by Tatiana Ivanov There are two major reasons for the slow adoption of crowdsourcing as a practical problem-solving tool. The first is a widespread, often completely paralyzing uncertainty over which problem crowdsourcing can (or can’t) solve. The second is the lack of trust in the intellectual power of the crowd, its ability to tackle complex technical or business problems. Everyone would seem to agree that the proverbial wisdom of crowds can be applied to a “simple” task, such as creating a corporate logo or coming up with a fancy name for yet another Frappuccino du j ..read more
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A Dried-Up Innovation: How Prohibition Disrupted Natural Social Networks
Innovation Observer
by Eugene Ivanov
5M ago
This image was created with the help of Stable Diffusion Online This piece has been originally posted on Medium. What is the effect of government regulations on innovation? The most comprehensive answer to this question is: It depends. It can be positive. In a recent article, I present evidence that corporate innovation can be fostered by social liberalization policies and by laws that limit firms’ ability to discharge employees at will. We also have a shining example of a government regulation that had a profound negative effect on innovation: Prohibition of 1920–193 ..read more
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Innovating in a Dream (or With a Drink)
Innovation Observer
by Eugene Ivanov
5M ago
The image was created with the help of Microsoft Designer This piece has been originally posted on Medium. In a previous article, I argued that the widespread belief that we are swimming in an ocean of cheap innovative ideas — embodied in a popular line “ideas are a dime a dozen” — is no more than a myth. Available evidence shows that the U.S. is facing a growing shortage of novel ideas. Worse, the cost of getting these ideas is increasing while their quality seems to be declining. What’s going on? One thing is clear: the quantity and quality of novel ideas are declin ..read more
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12 Thoughts About Crowdsourcing
Innovation Observer
by Eugene Ivanov
5M ago
The image was created with the help of Microsoft Designer This piece has originally been posted on Medium. The following are twelve thoughts about crowdsourcing taken from my recently published book “We the People of the Crowd…” and summarizing my 20+ years of experience in running internal and external crowdsourcing campaigns. In recent years, crowdsourcing has become a popular topic in business publications and social media. Yet its acceptance as a practical problem-solving tool has been slow. Why? First, there is a widespread, often completely paralyzing, uncertainty over which problem cr ..read more
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Innovation and Freedom
Innovation Observer
by Eugene Ivanov
5M ago
This article has originally appeared in the International Market & Competitive Intelligence magazine (July/August 2023) With giant waves of technological change rocking every corner of the global economy, innovation isn’t a luxury anymore, not even a matter of choice; it’s a means of survival. The mantra “innovate or die” may sound like a cliché, yet it correctly reflects the contemporary business environment, in which companies must relentlessly innovate to just stay in business. Unfortunately, managing the innovation process in a sustainable way turned out to be difficult for a lot of o ..read more
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