| Slow development times, No 1 obstacle to innovation Issue1 #109001 Where does that leave cutting edge science? Always slow. Does this mean supporting more incubator SMEs, but then who pays for that? Check GSK/Pfizer new models. |
From Business Week The World's Most Innovative Companies "The No. 1 obstacle, according to our survey takers, is slow development times. Fast-changing consumer demands, global outsourcing, and open-source software make speed to market paramount today. Yet companies often can't organize themselves to move faster, says George Stalk Jr., a senior vice-president with BCG who has studied time-based competition for 25 years. Fast cycle times require taking bets even when huge payoffs aren't a certainty. "Some organizations are nearly immobilized by the notion that [they] can't do anything unless it moves the needle," says Stalk. In addition, he says, speed requires coordination from the hub: "Fast innovators organize the corporate center to drive growth. They don't wait for [it] to come up through the business units."
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