Strategic challenges in commercializing biotechnology
Article Abstract:
The internal strategic challenges facing biotechnology companies are formidable: maintaining technical excellence in a rapidly advancing scientific field; managing an appropriate commercial focus; forming strategic alliances; adding downstream skills in a timely fashion; and sustaining an innovative corporate culture in the face of accelerating growth. Despite small size, limited resources, and competitive pressures, the biotechnology companies - especially the top-tier companies - are navigating these strategic shoals rather well. However, this industry now faces a series of external threats which might sink it. The outcome will depend on the ability of biotechnology managers to communicate with the public and their representatives in Washington regarding the realities of global competition and the relationship of industrial productivity to the quality of life. (Reprinted by permission of the publisher.)
Publication Name: California Management Review
Subject: Business, general
ISSN: 0008-1256
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
Speed and strategic choice: how managers accelerate decision making
Article Abstract:
Strategy making has changed. No longer is the carefully conducted industry analysis or deliberate strategic plan a guarantee of success. Speed matters. A strategy that takes too long to formulate is at least as ineffective as the wrong strategy. But, how do decision makers make fast, yet high-quality, strategic choices? This article describes the powerful tactics that fast decision makers use. They maintain constant watch over real time operating information and rely on quick, comparative analysis to speed cognitive processing. They favor approaches to conflict resolution which are rapid yet maintain group cohesion. Finally, their reliance on the private advice of experienced counselors and on integration with other decisions bolsters their confidence to decide quickly in the face of big stakes and high uncertainty. (Reprinted by permission of the publisher.)
Publication Name: California Management Review
Subject: Business, general
ISSN: 0008-1256
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Strategic leadership and organizational learningStrategic leadership and organizational learning. Role Transitions in Organizational Life: An Identity-Based Perspective
- Abstracts: Perceived causes of success in small business. The human resource factor in small business decision making. Impact of counseling on small business performance
- Abstracts: Managing public affairs in British industry. The impact of new technology on labour flexibility and working practices: a management perspective
- Abstracts: The two cultures in business education. Left brain-right brain mythology and implications for management and training
- Abstracts: The growth of the firm in planned economies in transition: institutions, organizations, and strategic choice. Data dredging or legitimate research method? Historiography and its potential for management research