The New Players in Life Sciences Innovation: Best Practices by Tomasz Mroczkowski
By Tomasz Mroczkowski
The worldwide middle of gravity in existence sciences innovation is speedily transferring to rising economies. within the New avid gamers in lifestyles technology Innovation, Tomasz Mroczkowski explains how China and different new fiscal powers are speedily gaining management positions, and carefully assesses the results. Mroczkowski discusses the delicate innovation recommendations and reforms those countries have applied: ways that do not depend upon industry forces on my own, and are reaching impressive good fortune. subsequent, he previews the rising worldwide "bio-economy," during which existence technological know-how discoveries should be utilized pervasively in markets starting from future health to fuels. As R&D within the West turns into more and more high priced, Mroczkowski introduces new recommendations for partnering with new gamers within the box. He completely covers the globalization of scientific trials, exhibiting the way it deals possibilities that cross a long way past expense relief, and assessing the original demanding situations it offers. supplying examples from China to Dubai to India, he conscientiously assesses the company types using modern most up-to-date facilities of innovation. Readers will locate up to date assurance of bioparks, know-how zones, and rising clusters, and real looking tests of world R&D collaboration ideas resembling these of Eli Lilly, Merck, Novartis, and IBM. With innovation-driven industries more and more dominating the worldwide economic system, this book's insights are integral for each R&D decision-maker and investor.
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Extra info for The New Players in Life Sciences Innovation: Best Practices in R&D from Around the World, The (FT Press Operations Management)
Institutions and cultures in other countries work differently, and the economics of operations may be surprisingly different. Therefore, many Western life science–based companies have been cautious about taking full advantage of the many opportunities for collaboration with emerging economies—and not just because of fears of IP dissipation. Lack of knowledge of the quality of the public research institutions and the private companies in high-potential emerging economies has been responsible for the underperformance in many areas of offshoring, including R&D, where the scope for beneficial collaboration is much higher than what exists today.
No single business model serves everyone, so companies pursue their own mix of strategic approaches, combining outsourcing with geographic diversification and venturing. One part is certain: The model of the vertically integrated pharmaceutical company is largely gone. Moving to some form of the collaborative network model must include the dimension of truly global thinking. And today, global means not just the developed world, but also, increasingly, emerging CHAPTER 1 • POWER SHIFTS IN GLOBAL R&D AND INNOVATION 35 economies, with their potential role as collaborators in R&D as well as creators of intellectual property.
7% during 1995–2005) and include not just increased expenditures by higher education institutions, but also rapidly growing expenditures by large and medium-size firms. For example, an estimated 25% of large and medium-size firms have R&D labs, while more than 80% of small firms have some form of science and technology activities. • Today China is the leading exporter of ICT in the world, ahead of the United States and Japan. The share of high tech in Chinese exports has been growing rapidly since 2000 and now exceeds $30 billion (about 8% of exports).