In the Knowledge-based innovation race, what is your strategy and what steps are you taking to achieve it? Tomasz Rudolf is currently leading a Warsaw School of Economics Research Consortium on innovation strategies, analysing the corporate renewal and growth initiatives of leaders in Polish business, including 3M, Polish Telecom, Siemens, Eris, ING and GlaxoSmithKline. I recently conducted a KM Virtual Seminar with Tomasz accompanied by teleconference call in which he joined me in Switzerland from India via a Hong Kong connection; it all worked too! Tomasz provided guidance to those firms and individuals encountering the Red Queen effect. This has been exemplified in the pharma industry in the past 5 years by a yearly increasing Research & Development budget accompanied by decreasing numbers of resulting drugs and an industry-wide decrease in return on investment. Pharma R&D is currently failing to discover and develop enough successful new products that fit corporate growth strategies and upcoming patent expirations are demanding new strategies. Tomasz describes innovation processes that could support such needed accelerated innovation.
Tomasz provided us his view on the innovation processes to be followed by a knowledge-based organisation and how knowledge management initiatives accompanied by strong leadership and organisational change could achieve positive results. He proceeded to describe how an innovation climate chart could be constructed to measure the innovation climate in an organisation. Tomasz also encouraged the use of greater transparency in an organisation and described the successful implementation of this principle in a case study with Eli Lilly and the application of idea management at Bristol-Myers Squibb. (continued…)