Pharmaceutical Market Europe • March 2024 • 15
INNOVATIVE IMPACT BLOG
Finding new approaches to delivering traditional services in novel ways
We often hear about industry innovators, but how can you become one without developing technologies from the ground up or completely ripping up the rule book? Uptake’s transformation team believes that anyone can be innovative daily, but understanding the foundations and practising skills are key to success.
If you’d like to maximise opportunities as a leader, it is possible to instil an innovation mindset at a team level. To do so, an understanding of diverse facets of innovation outside technology is paramount, as are strategies for developing innovation within teams.
Innovation can be found all around us – in product design, customer experience, business models and organisational culture. By expanding our definition of innovation outside tech, we can inspire creativity and growth in unconventional areas.
Looking beyond pharma at Airbnb, we can see that technology is part of its success, but would it have disrupted the hospitality industry with an app alone? Unlikely. It’s the company’s reimagining of accommodation and the travel experiences that blew up the ‘sharing’ economy and offered unique stays. Similarly, innovative thinking created new models that propelled companies like Uber and Netflix to industry leadership. These companies found new approaches to delivering traditional services in novel ways.
We see pharma organisations investing in the latest tech tools, thinking they hold the magic key and offer the easiest path to innovation, but without a culture supporting creativity and risk-taking, the full potential of investments won’t be realised, as people find it hard to adapt. New technology can even damage morale and team connectivity, so if this has happened, we first have to rebuild this, before we start working on transforming mindsets.
Organisations solely prioritising technological solutions risk falling into techno-centrism, where technology overshadows the human element of innovation. True innovation requires a holistic approach, with embedded adoption of change.
There are five steps leaders can take to develop a culture that supports innovation:
With so many goals to achieve, prioritising time to spend cultivating an innovation mindset can be difficult to argue, but there are proven benefits that have the potential to make waves of long-lasting positive change:
Chelsea Foxwell is Head of People and Organisational Transformation – Partner and Rachel Moran is Consultant, both at Uptake