Lisa Crymes, Guest Blogger for Elizabeth Richards
Innovate or Die. Companies (and industries) which embrace innovation and creative thinking are typically more dynamic and more successful than those that don’t. And, that dedication to innovation can be the difference between success and failure.
We have all heard of companies such as Eastman Kodak and Research In Motion (RIM) which were once market leaders but failed to embrace innovation. Then, there are entire industries such as railroads or some manufacturing facilities which were committed to “business as usual” and were intent on continuing down the same path. Because of their commitment to the status quo, they missed the opportunity to innovate. And, as a result, these industries were ill equipped to deal with new and emerging competitors in the marketplace.
Healthcare has not typically embraced innovation in many areas and now must innovate or die. Which healthcare players are at risk of becoming extinct?