Get together for drinks and discussion with David Cooley, Director of Alumni Career Services in UCLA's office of Alumni Relations.
Our special guest is Anne Marie Knott, an MBA ('86) and PHD ('96) from UCLA Anderson. Anne Marie is currently a Professor of Strategy at Olin Business School at Washington University in St. Louis. Professor Knott has just released a book called "How Innovation Really Works". Professor Knott will present an informal discussion of the ideas in her book and discuss the topic in relation to Chicagoland.
Innovation used to be the key driver of growth for firms as well as the economy. That’s no longer the case, because companies are getting worse at it--their R&D productivity (RQ) has declined 65% over the past several decades. The good news is this problem is fixable! Anne Marie Knott will introduce the RQ measure of company R&D capability, characterize how Chicagoland companies’ RQs stack up, and offer prescriptions for increasing their RQ. This tool not only helps companies increase their market value, but it finally allows investors to value R&D,…and identify related investment opportunity (a portfolio of high RQ companies has a CAGR of 16.91% over the past 40 years (vs 10.93% for the market).
How Innovation Really Works by Anne Marie Knott on Amazon