StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Institute for Regenerative Medicine (CIRM) - Essay Example

Cite this document
Summary
External Innovation Proposal (Name) (Institution) (Course) (Date) External innovation Today innovation goes past coming up with a new item for consumption in the market. It is all about, reinventing business process and building new markets that meet human wants on time…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Institute for Regenerative Medicine (CIRM)
Read Text Preview

Extract of sample "Institute for Regenerative Medicine (CIRM)"

Download file to see previous pages

This, therefore, has resulted to an open innovation concept where organizations discover that all the components of innovation do not have to originate from within the institution. However, they can increase or accelerate their efforts by obtaining the required technology from external sources. Sources, that is of the same minds with them but use a different method in producing their goods and services. Henry in his book, ‘The New Imperative for Creating and Profiting from Technology’, describes external innovation as the “act of allowing external information derived from sources such as cooperation with universities or (corporate) venture capital efforts to be part of a company’s innovation process and permeating the company`s boundaries from outside to inside” (Henry, 2006).

The concept of outdoor innovation is one of many pathways shaped in the company. This is to allow new product thoughts to tour inside and outside the firm’s borders and to be bundled with exterior skills and knowledge. One of the organizations that have undergone enormous innovation due to the external thoughts is the California Institute for Regenerative Medicine (CIRM). California Institute for Regenerative Medicine is an organization that improved the development of therapies and potential cures based on the stem cell science (Michael & Panetta, 2005).

In November 2004, voters provided three billion dollars for the stem research. California has a massive biotech industry that spreads around San Diego and San Francisco, this pool of funds is used for innovation. The funds also helped in enhancing research and creating job at the university level and in confidential sectors. The California Institute for Regenerating Medicine created an oversight that determined how and where grants were to be made and the organization. The California institute for regenerating medicine also defined on the allocation of funds in order to meet the set mission.

The organization had to focus on innovations both internal and external by carrying out research on product development and clinical trials. The California Institute for Regenerative Medicine later specially made an external evaluation of its strategy procedures and policies that they afterward implemented. The main purpose of employing an external review was to come up with ways of evaluating CIRM`s precedent performance. The review also provided a recommendation on what to be put in place for long term success.

CIRM conducted a public meeting on different days with Governing Board`s heads and those who took part in the Review. This helped them to understand fully what CIRM entails, and what is needed for CIRM to achieve its goals. Towards the end of the year 2006, the CIRM published the first magazine to define its scientific strategic plan. This plan served as an outline for the procedures and programs implementations. This plan has helped the institute in its progress thus, being able to register a remarkable progress in the subsequent years.

The institute has progressed much in areas of management or leadership, industry appointments, product growth and group prioritization. The institute achieves this while it continues to look after the people and science that will drive them forward CIRM’s first objective has been to support research at the uppermost level of scientific merit. These objectives have been achieved and in return, significantly improved

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Institute for Regenerative Medicine (CIRM) Essay”, n.d.)
Institute for Regenerative Medicine (CIRM) Essay. Retrieved from https://studentshare.org/business/1463789-institute-for-regenerative-medicine-cirm
(Institute for Regenerative Medicine (CIRM) Essay)
Institute for Regenerative Medicine (CIRM) Essay. https://studentshare.org/business/1463789-institute-for-regenerative-medicine-cirm.
“Institute for Regenerative Medicine (CIRM) Essay”, n.d. https://studentshare.org/business/1463789-institute-for-regenerative-medicine-cirm.
  • Cited: 0 times

CHECK THESE SAMPLES OF Institute for Regenerative Medicine (CIRM)

Basic Concepts of Organ Transplants

n the late 1940s Peter Medawar, working for the National institute for Medical Research, improved the understanding of rejection.... Their skillful anastomosis operations, the new suturing techniques, laid the groundwork for later transplant surgery and won Carrel the 1912 Nobel Prize for medicine or Physiology....
7 Pages (1750 words) Report

Building and ethical organization procedure and characteristics the case of Medicare Services Ltd

The reason for such an extended area of activity is that the institute's human resources department decided to include a multi – skills element when deciding the structure, the roles and the knowledge of the organizational workforce.... At the moment, in both departments only a short term residence is available, however, there is a plan for the extension of the institute's space through the‘re-construction' of a near-by building which is also included in the institute's property....
9 Pages (2250 words) Essay

Consumer Choice of Medical Practice

Terminologies like ‘efficient wellbeing care'; ‘verification-based medicine' in addition to quantifiable efficiencies was employed diversely by swapping respondents.... The study was taken as a section of the requirements for AMB 2001 marketing as well research cram, an undergraduate analysis theme surrounding healthcare....
5 Pages (1250 words) Essay

Creativity and Innovation week 1

One of the organizations that have undergone an innovation is the California institute for regenerative medicine (CIRM).... California institute for regenerative medicine is an organization that improved the development of therapies and potential cures based on the stem cell science (Michael & Panetta, 2005).... In order to be more successful, the cirm developed a collaborative network that consisted of funding entities in 2 international states, 2 foundations, 12 countries and one domestic state....
2 Pages (500 words) Essay

The Political Freedom of Self Under Islamic Regulations

“There is no easy walk to freedom anywhere, and many of us will have to pass through the valley of the shadow of death again and again before we reach the mountaintop of our desires”(Nelson Mandela).... Giving up your freedom is spiritual suicide combined with paralysis of your… Most of us sabotage ourselves by being doubtful of our desire for freedom and its assumed consequences....
15 Pages (3750 words) Essay

Chronic Periodontitis as an Infectious Disease

The study "One Year Clinical Results of Er, Cr: YSGG Laser Application in Addition to Scaling and Root Planning with Early to Moderate Periodontitis" focuses on periodontal healing, the role of the PDL in the healing, and the need to exclude epithelial cells from proliferating in the periodontitis....
29 Pages (7250 words) Thesis

Ethical Issues in Stem Cell Research

Adult stem cells and embryonic stem cells are the two broad categories of stem cells used in research In an embryo, the stem cells have an ability to undergo differentiation into all types of specialized cells (pluripotency), but they are also able to retain a normal turnover over regenerative organs such as the intestinal tissue, skin, and blood....
14 Pages (3500 words) Research Paper

The Role of Emerging Biotechnology

The term biotechnology refers to a field in applied biology whereby living organisms and bioprocesses are applied in fields that need bio-products such as technology medicine and engineering.... The term biotechnology refers to a field in applied biology whereby living organisms and bioprocesses are applied in fields that need bio-products such as technology medicine and engineering.... Biotechnology is better applied in medicine for the detection of diseases and treatment of problems such as cancer tumors....
16 Pages (4000 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us