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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

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Things are looking up for women—or so they seem. In the era of #MeToo, more and more women are speaking up about workplace harassment and discrimination, and the perpetrators are increasingly held accountable. Industry groups, like the Biotechnology Innovation Organization (BIO), and states, such as California, are implementing rules to increase the proportion of women on corporate boards.

Image: Lia Shaked/Questex Media

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city

Keiron Shepherd, Senior Security Specialist at F5 Networks, discusses how the threat landscape will change as smart cities become more of a reality and the security considerations we need to make before we begin reaping the benefits of connected devices We are in an era of intelligent and urgent urban innovation. Our homes are connected, our streets are thriving labyrinths of interconnectivity, and our businesses are a hive of data streaming and surveillance.

 

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innovation

Xerox invented most of the technologies that we use in personal computing today. But Xerox is not one of the largest computing companies in the world today. Kodak invented the digital camera and still filed for bankruptcy in 2012. Nokia was one of the pioneers of the smartphone and still lost significant market share to the iPhone.  

 

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8 simple ways to become a better business writer

Let’s face it: Everyday business writing can be hard. Facing down a blank page or screen, you want to get your point across to your colleagues or audience, but it’s sometimes a painful process if the words don’t come naturally.

Image: Kinga Cichewicz/Unsplash

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successful people

While several biopharma giants (including Amgen, Novartis, and Merck & Co.) reported third-quarter earnings that beat expectations in recent days, biotechs appear to have been caught up in the past month’s stock market swoon. As of October 26, according to Zacks Equity Research, the stock prices of companies in its “medical-biomedical and genetics” sector, which includes smaller as well as larger biotechs, had fallen 10.3% over the previous six months, compared with a 1.6% increase for the overall S&P 500.

 

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science

The development of new drugs requires years of painstaking, risky, and expensive research that, for a new pharmaceutical compound, takes an average of 11.5 to 14 years of research, development, and clinical trials at a cost of $1.7 to $3.2 billion. Many nations either limit or are considering limiting drug prices as a way to shrink the growth of health care costs, even though drug prices in nations that belong to the Organization for Economic Cooperation and Development (OECD) grew more slowly than total health care costs from 2005 to 2013. This is a mistake, because price controls come at the cost of a slower pace of drug discovery, as expert studies show that the relationship between drug company revenues and research and development is almost one to one.

 

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parents

Finnish and American researchers in evolutionary biology conducted an online experiment and survey which reveals that women prefer and are more likely to invest in their daughters and men in their sons. The study was designed to test the impact of parental resources on offspring sex preferences.

Specifically, the authors sought to test the Trivers-Willard hypothesis which predicts that parents in good conditions will bias investment towards sons, while parents in poor conditions will bias investment towards daughters.

 

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leadership

Five principles are useful in guiding CEOs in their third, fourth, and fifth years on the job.

There is a wealth of research into how new CEOs should successfully transition into the leading role. Less frequently studied is how top CEOs outperform competitors during the second act of their tenures. In this Inside the Strategy Room podcast episode, McKinsey’s Sean Brown talks with senior partner Rodney Zemmel and associate partner Matt Cuddihy about the five themes that emerged from their research into how leading CEOs managed the middle part of their tenures.

 

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The British newspaper the Daily Mail once ranked the greatest technological inventions of the 21st century in order. The shortlist included the iPhone, Facebook, YouTube, and 4G, all of which have markedly changed our way of life. These technologies have redefined the workforce, too. Learning a specific skill or trade is no longer enough in an economy driven by technology, and employees are expected to be tech savvy as well. What’s more, new technology has created many new occupations. Below are eight new jobs that have resulted from technological advances. 

 Image: https://hr.cpjobs.com

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race

How are the world’s leading innovators able to out-smart and outperform their competitors year after year—and in a few cases, decade after decade?  The 2018 Global Innovation 1000 study, conducted by Strategy&, PwC’s strategy consulting group, looked back at 15 years’ worth of data on R&D spending trends and financial results, and found the answers in a very select group of companies that are able to consistently launch market-winning new products and services and beat their industry peers on seven key financial metrics—all the while spending their R&D dollars more efficiently. We call this very select group of leading companies high-leverage innovators.

 

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