DEVELOPMENT AND INNOVATION IN CARDIOVASCULAR MEDICINE

Author:

SHERIDAN DESMOND1

Affiliation:

1. Department of Cardiology, National Heart and Lung Institute Imperial College London, St Mary's Hospital, Norfolk Place, W2 1PG London, UK

Abstract

The last century has witnessed groundbreaking advances in clinical medicine across the entire diagnostic and therapeutic range, but inequities in access to these advances and innovations continue to be a major challenge to our societies. Innovations are often initiated by "eureka" moments of discovery, but realising their full potential depend on a process of continuous incremental innovation and interaction involving complex networks. When developing systems that reward, encourage, and sustain medical advances, policy makers must recognise four important factors. First, "incremental" and "continuous" innovation is as important as "breakthrough" innovation. Second, investment across the entire innovation process is needed. Third, the ability of physicians to work across a wide range of scientific fields at "the bench and bedside" is critical to continuous innovation. And fourth, final medical advance that can result from an initial discovery may not be obvious and only occur following interaction with experts and innovations in other fields.

Publisher

World Scientific Pub Co Pte Lt

Subject

Management of Technology and Innovation,Strategy and Management,Business and International Management

Cited by 2 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. OUT-LICENSING IN MARKETS WITH ASYMMETRIC INFORMATION: THE CASE OF THE PHARMACEUTICAL INDUSTRY;International Journal of Innovation Management;2011-08

2. AN EMPIRICAL ANALYSIS ON ABSORPTIVE CAPACITY BASED ON LINKAGE WITH ACADEMIA;International Journal of Innovation Management;2010-06

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