Innovation is finding a way :: William A. Lumpkin

What is Innovation?

William A. Lumpkin is Head of New Products Strategy & Business Development for Alexion, Astra Zeneca Rare Disease Business Unit. Will shares how innovation works within the pharmaceutical industry and how marketing and science differs especially in commercialization.

More about our guest:

William A. Lumpkin is Head of New Products Strategy & Business Development for Alexion, Astra Zeneca Rare Disease Business Unit. His business acumen, enterprise leadership, and passion for cross-functional collaboration helps bring new medicines to people living with rare diseases across the world. Prior to Alexion, he held a diverse set of U.S. and global commercial leadership roles at Takeda, Baxter, Baxalta, Shire, and Procter & Gamble spanning functional disciplines, product lifecycles and therapeutic areas. William is a proud father of three (Ailey, Sage, and Liam), loving husband (Layla), and resilient Indiana University sports fan. He also maintains interests in urban community development initiatives and was on faculty at the University of North Carolina Kenan Flagler School of Business online MBA program. He earned his MBA from the University of Chicago Booth School of Business and B.S. Finance from Indiana University.

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Episode Guide:

0:00 - Intro

2:03 - What is Innovation

3:14 - How people impact innovation

6:00 - Seeing the bigger picture in life

8:05 - Bigger picture: affecting day-to-day life and effecting innovation and collaboration

8:41 - Earning trust: Top 1 priority

10:07 - Stereotyped view of Pharmaceuticals

10:52 - Large companies vs smaller companies: Providing real value to people

12:21 - What isn't Innovation

15:29 - Intersection and divergence of Marketing and Scientists

17:14 - Implications of the commercialization cycle

19:43 - Experiences that shaped Professional development views

22:22 - People: structures, connections, and excitement

22:56 - People of Color: finding energy and importance of passion

23:49 - Being "me" all day long in the Corporate America

26:14 - Advice for future innovators (and the public)

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OUTLAST Consulting offers professional development and strategic advisory services in the areas of innovation and diversity management.