According to the Economic Policy Institute 28% US workers will remain in low paying jobs in 2020 which is the same as in 2010. Globalization & technology is the reason as some previous blog posts have indicated and this post gets into some more details. But first let's understand the different levels of skills andContinue reading “Globalization & Technology is why 28% US workers may remain in low paying jobs in 2020”
Category Archives: Biotech,Pharma & Medical
GlaxoSmithKline 3B$ fine – balancing innovation and ethical marketing
GlaxoSmithKline is to pay a 3B$ fine, the largest ever for healthcare fraud in the US. In the past, numerous big pharma companies including Abbott, Pfizer have been fined and this is something the industry seems accustomed to. It’s important to understand why pharma marketing becomes unethical, if the unethical sales practices are to stopContinue reading “GlaxoSmithKline 3B$ fine – balancing innovation and ethical marketing”
Innovation needed: Healthcare Exchanges that make people want to buy
The Affordable Care Act (also Healthcare Reform, Obamacare) was upheld yesterday by the US Supreme Court and now the focus for the Insurance Industry, States, Federal Government and the Healthcare supply chain should be to make it all work. Easier said than done if you see the enormous material that exists on the FAQ pagesContinue reading “Innovation needed: Healthcare Exchanges that make people want to buy”
Innovation: finding Lead Users from the Internet using forums,blogs and social media
One of the neatest innovation sources is the concept of “Lead User” introduced by Eric von Hippel of MIT in 1986. Finding Lead Users on the Internet using forums,blogs and social media is a great possibility , but first about the concept of lead users.
B2B Innovation market success needs credibility,opportunity and competitive advantage says Alcatel-Lucent
Alcatel Lucent is about to make the Internet 5 times faster with its new core router 7950 XRS. According to CNN that is 16 Terabits of data per second or 2.5 Million HD videos streamed per second! But Alcatel had tried to break into the CISCO-Juniper stronghold of this market that consists of all mannerContinue reading “B2B Innovation market success needs credibility,opportunity and competitive advantage says Alcatel-Lucent”
Pfizer Nutrition acquired by Nestle: Baby food for emerging markets
Nestle has reached an agreement to acquire the Pfizer Nutrition business for $11.85 Billion. A big focus of the merged enterprise will be serving emerging markets in Asia,Latin America and Africa where baby birth rates are not declining as in the developed world. Dual earner families want the best for their infants and the PfizerContinue reading “Pfizer Nutrition acquired by Nestle: Baby food for emerging markets”
Innovation : top management need to get involved in the first three stages
It’s sort of amazing when top management in a variety of industries from high tech aerospace to comparatively low tech outer packaging seem to be disengaged and “hands off” in the first three stages of of innovation (see previous post on the 5 stages). Top leaders start taking interest when the product is in serious development(Stage 4) and many top managers become alert and awake as the product is getting launched(Stage 5). At this time things are too far ahead to change except at high cost. These include airfreight when sea freight might have worked on the supply chain side, customer apathy in the market because concept testing was not done well and there was no time to do product and market testing because top management was so un-involved that the budgets were not approved when the New Product team had put them up.
Why does innovation create jobs?
An earlier post on how innovation create jobs is rather popular. However,people seem to have questions about the “why” in the link of innovation and jobs. Why should creating a new product or service result in new jobs?Where in the process of innovation are these jobs created?
US Healthcare: 5% people account for 50% of the cost: the Camden experiment
You have heard of the 80:20 or Pareto principle, but the 5:50 with US healthcare costs is just amazing. And guess what – all those in that bottom of pyramid 5% who go innumerable times to the Hospital Emergency Rooms (ER) and rack up what becomes 50% of the cost- are rather unhappy with USContinue reading “US Healthcare: 5% people account for 50% of the cost: the Camden experiment”
Doctor private practices are caught up in $1 Trillion health insurance B2B negotiations
Call it the mother of all high value B2B negotiations– estimated at $1 Trillion and 40% of total health-care spending in the US. This from research by Robin Lee of NYU who made a great presentation of his work at Yale School of Management, last month. When you hear of doctors going broke with privateContinue reading “Doctor private practices are caught up in $1 Trillion health insurance B2B negotiations”