Merck is a leading science and technology company in the sectors of healthcare, life science and performance materials. In this interview, Dr. Christoph Huels, Chief Innovation Officer at Merck, discusses entrepreneurial thinking, strategy, ecosystems and culture in the digital era.
Crowdsourced innovation is a tactic used more and more often by government organizations as well as enterprise corporations. This means that innovation teams need to add a new skill set to their resumé: communications.
We can all see that global commerce has evolved, innovative excellence has advanced and entrepreneurialism has accelerated. Just to make things more interesting, all of this change happened extremely rapidly. But how about our own intelligence? Are we really smart enough for 2017 and beyond? Ambition encourages us to reach for success, so let’s test our own entrepreneurial intelligence to see if we’re up to the challenges of 2017.
What external stakeholder groups can you tap into to build value for your innovation initiatives? Are your relationships with these external stakeholder groups solid or do you need to do additional work to build good, mutually beneficial working relationships? Are there potential stakeholder groups that you have not yet tapped at all? If so, what is your plan for reaching out to organizations within these pools so that you can further expand your innovation ecosystem? Are your channels for communicating with your external stakeholders strong or do they need further work?
“The actual path of a raindrop as it goes down the valley is unpredictable, but the general direction is inevitable,” says digital visionary Kevin Kelly — and technology is much the same, driven by patterns that are surprising but inevitable. Over the next 20 years, he says, our penchant for making things smarter and smarter will have a profound impact on nearly everything we do. Kelly explores three trends in AI we need to understand in order to embrace it and steer its development. “The most popular AI product 20 years from now that everyone uses has not been invented yet,” Kelly says. “That means that you’re not late.”
Cross industry learning, the transfer of technologies across industry boundaries, can revolutionize technology landscapes. We will illustrate the advantages of cross industry learning with a case study.
The list of problems that need to be solved is growing almost as fast as our solutions are. Some are concerned about the lack of food and water security, others worry about access to education and a whopping 45.2% of millennials think today’s most pressing problem is the destruction of natural resources. But with the proliferation of problems, organizations and enterprises are broadening their search for innovative solutions and many of them are looking to the crowd for ideas.
Over the past few weeks we have done the analysis of all of the big innovation bloggers to find evidence of who really are the best innovation bloggers of 2016, and who you should look out for in 2017, ranked into the official Top 20 list.
Last week Unilever announced research showing that one-third of consumers now purchase its brands based on their good social and environmental performance, but went on to suggest that brands are missing an opportunity from not promoting sustainability effectively. Getting this right could unlock a further $1trn market opportunity for sustainability innovators.
“Great dreams aren’t just visions,” says Astro Teller, “They’re visions coupled to strategies for making them real.” The head of X (formerly Google X), Teller takes us inside the “moonshot factory,” as it’s called, where his team seeks to solve the world’s biggest problems through experimental projects like balloon-powered Internet and wind turbines that sail through the air. Find out X’s secret to creating an organization where people feel comfortable working on big, risky projects and exploring audacious ideas.