Boards Have To Acknowledge There Will Be Failure | David Downs

Brief Summary

Medical innovation requires accepting failure and ethical responsibility to ensure patient access to treatments.

Key points

• The Risk of Innovation. Organizations must embrace risk and accept failures to innovate effectively. 'You're just going to not do enough work.'
• Ethical Dilemmas in Medical Innovation. Facing ethical dilemmas, organizations must prioritize patient benefits over investment concerns. 'It's less of a difficult decision.'