PHARMA, BIOTECK AND CHEMICAL
Overview
Average Maturity Level
NOVICE
Average Maturity Score
1.65 / 4.00
Least Developed Innovation Ecosystem Pillar
LEADERSHIP
Innovation Strategy
Average Maturity Level
NOVICE
Average Maturity Score
1.82 / 4.00
Main Blocker
Companies in this industry apparently don’t have a clear definition of innovation, confusing most of the times the term with digital transformation or R&D leading to misalignment and miscommunication.
Second Blocker
It seems that the innovation strategy is rarely translated into clear tactical plans that employees can act on.
Third Blocker
Apparently companies in this industry communicate poorly the innovation activities internally across all hierarchical levels. Only certain people know about them while others are left in the dark.
Innovation Leadership
Average Maturity Level
NOVICE
Average Maturity Score
1.00 / 4.00
Main Blocker
Senior leaders in this industry apparently don’t display the mindset and behaviour required for leading for innovation.
Second Blocker
Senior leadership action apparently doesn’t match the organisations articulation of the importance of innovation with the majority of focus being the incremental improvement of the legacy offerings.
Third Blocker
Senior leaders apparently don’t communicate purpose well enough and the link to and importance of innovation for the future of the companies in this industry.
Innovation Management
Average Maturity Level
NOVICE
Average Maturity Score
1.60 / 4.00
Main Blocker
The innovation strategy is apparently not translated into a clear objectives or initiatives.
Second Blocker
It seems companies in this industry find it difficult to translate the innovation strategy into clear and pragmatic objectives making the implementation of the strategy difficult.
Third Blocker
Skills development in the companies in this industry is seems to be done mostly in a one-size-fits-all fashion with little consideration for individual needs and existing capabilities.
Innovation Culture
Average Maturity Level
NOVICE
Average Maturity Score
1.44 / 4.00
Main Blocker
Roles and responsibilities around innovation are often unclear due to poor internal communication around innovation.
Second Blocker
In general most employees don’t understand how they can contribute to innovation and don’t regard innovation as part of their day job.
Third Blocker
It seems that in companies in this industry only a handful of employees are given the opportunity to take their own ideas forward and further their careers. Innovation is not a democratized activity.
Innovation Process
Average Maturity Level
NOVICE
Average Maturity Score
2.00 / 4.00
Main Blocker
Translating the innovation strategy into individual obtainable goals is apparently seen as a major challenge for companies in this industry.
Second Blocker
Resource allocation for innovation is seems to be an issue for companies in this industry - incremental improvements of the core offerings are typically prioritised over new growth (beyond the core) initiatives.
Third Blocker
Companies in this industry don’t seem to have a clear process for collaboration, knowledge exchange and communication between employees. Employees seem to be siloed and collaboration is hindered.