Process Improvement for Maximized Therapeutic Innovation Outcome

Paper 3. The Continuous Improvement and Innovation Process

Continuous Improvement and Innovation (CI&I) is both a management process and a management strategy. In this paper we aim to provide some background on the development of CI&I as a management concept and to describe the steps involved in implementing the CI&I process in the Beef CRC project. There are six key steps in the CI&I process: Situation Analysis; Impact Analysis; Action Design; Action ...

Process Innovation and Product Quality Improvement in a Dynamic Monopoly

We investigate the optimal R&D portfolio of a single-product monopolist investing in cost-reducing activities accompanied by efforts improving the quality of its product. There emerges that the firm’s relative incentives along the two directions are conditional upon market affluency, measured by consumers’ willingness to pay for quality, and R&D efforts are complements at equilibrium. We also p...

Criteria for Ranking Therapeutic Innovation

Introduction Innovation in drug therapy is a source of continuing debate for all those who, for various reasons, are concerned with drugs: manufacturers, regulatory agencies, academia, health care professionals and patients. The term “innovative” often tends to be used to define a new drug proposed for entry onto the market, while it is instead necessary to find a more precise definition of thi...

Sigma-TRIZ: Algorithm for Systematic Integration of Innovation within Six Sigma Process Improvement Methodologies

Continuous process improvement is a constant preoccupation of companies operating in strong competitive markets (Thawani, 2002; Cronemyr, 2007). The goal of process improvement projects is about increasing both efficiency and effectiveness of the business system (Brad, 2008). A widely used methodology for process improvement is Six Sigma DMAIC (Cascini et al., 2008; Hamza, 2008). Some researche...

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