The life sciences industry, like many others, faces broad disruption and challenges on fronts ranging from technology to regulation to product resourcing. Traditionally, innovation has been a key driver of success for life sciences organizations, and it will continue to play a critical role for an industry that seeks to sustain this momentum. So it is not surprising to learn that most life sciences leaders, including those in academia, believe that defining an innovation strategy is critical for their success. But why are some organizations more accomplished in devising and implementing effective innovation? This report identifies the strategies that differentiate the more successful academic life sciences institutions from the rest.

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Study highlights

Only 11% of academic life sciences executives believe they are innovating effectively and successfully.

75% of academic life sciences leaders believe that defining an innovation strategy is very important.

83% of academic life sciences leaders expect to increase exploration of new technologies over the next three years.

About the authors

Heather Fraser

Heather Fraser
IBV Global Life Sciences & Healthcare Lead
IBM Global Business Services

Anthony Marshall

Anthony Marshall
IBV Research Director and Strategy Leader

Teri Melese

Teri Melese
Professor Emerita, Medicine
Rady School of Management
University of California, San Diego

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