"Generational" Innovation: The Reconfiguration of Existing Systems and The Failure of Established Firms
- 98 pages
- 4 hours of reading






This groundbreaking study examines the factors that determine the success of research in the pharmaceutical industry. Using data from a comprehensive survey of drug discovery projects, the authors identify the key drivers of research productivity, including scale, scope, and knowledge spillovers. They also explore the role of public policy in promoting innovation and improving the efficiency of the drug discovery process. This book is a must-read for anyone interested in the economics of innovation and the future of the pharmaceutical industry.
Free market capitalism is one of humanity's greatest inventions, and the greatest source of prosperity the world has ever seen. But it's also on the verge of destroying the planet and destabilizing society in its single-minded pursuit of maximizing shareholder value. Rebecca Henderson, McArthur University Professor at Harvard University, argues for a new framework; one that can simultaneously make a positive societal impact by confronting the realities of the environment and the need to address social and economic inequality, while also delivering sustained financial performance to ensure economic growth that brings prosperity and wellbeing to society as a whole. Drawing on the lessons of companies from around the world who are acting on this responsibility - who are not only surviving but are thriving, becoming leaders in their industries and beginning to drive the wheels of change - Professor Henderson proves that this is not only a moral imperative for business but also the only way to remain competitive in our changing world.
"Free market capitalism is one of humanity's greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short. Rebecca Henderson's rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around the world, gives us a path forward. She debunks the worldview that the only purpose of business is to make money and maximize shareholder value. She shows that we have failed to reimagine capitalism so that it is not only an engine of prosperity but also a system that is in harmony with environmental realities, striving for social justice and the demands of truly democratic institutions. Henderson's deep understanding of how change takes place, combined with fascinating in-depth stories of companies that have made the first steps towards reimagining capitalism, provides inspiring insight into what capitalism can be. With rich discussions of how the worlds of finance, governance, and leadership must also evolve, Henderson provides the pragmatic foundation for navigating a world faced with unprecedented challenge, but also with extraordinary opportunity for those who can get it right"-- Provided by publisher
Rebecca Henderson's memoir offers a raw and honest account of her tumultuous childhood marked by abuse and mental illness, followed by an adult life plagued by alcohol and violence. Through her personal journey of survival and healing, she provides insights into overcoming adversity. Her story emphasizes the importance of trusting one's intuition, taking risks, and making positive choices, aiming to inspire others who face similar struggles.