article thumbnail

How We Built a New Company Culture

Harvard Business Review

I learned this while leading a turnaround of NPS Pharmaceuticals , a biotechnology company that now specializes in creating treatments for rare diseases. To save the 20-year-old company, I had to get it operating like a start-up. NPS had hit a rough patch in 2006. First, let me give you a little background.

article thumbnail

If the SEC Measured CEO Pay Packages Properly, They Would Look Even More Outrageous

Harvard Business Review

On December 7, Portland, Oregon, passed a law that will impose a surcharge on the local business taxes paid by corporations that operate in the city when the CEO’s compensation is 100 times or more the median earnings of the company’s employees. public corporations must file with the U.S. million (57% from stock-based pay).

CEO 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Eight Essentials for Scaling Up Without Screwing Up

Harvard Business Review

Back in 2006, my colleague Huggy Rao and I launched an executive education program at Stanford called “Customer-focused Innovation.” Mornings consisted of lectures and case studies in a traditional classroom in the Stanford Business School; this was the “clean models” part of the program.

article thumbnail

Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Strategy Driven

To demonstrate it, we’ve examined a number of industries and mapped the level of capabilities coherence in the portfolio of each of the major players against their operating margins over the past five years. Companies today operate in a business environment that encourages incoherence. We call this measure the ‘coherence premium.’

article thumbnail

A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

Between 2006 and 2008, more than $1 billion venture-capital dollars were channeled into startups focused on solar, wind and biofuel technologies. When biotechnology startups like Genentech began to acquire other startups to retain their edge, pharmaceutical incumbents were forced to enter the acquisition melee to remain competitive.

Energy 10
article thumbnail

How to Manage Multiple Partnerships

Harvard Business Review

The 2006 ruling of Judge Margaret McVeigh of the New Jersey Superior Court highlights the root of the problem with exclusivity in partnership contracts: Amazon.com did not want a ten year agreement. The courts did not take sides clearly in this dispute. So it has a place in partnership strategy. So it has a place in partnership strategy.

article thumbnail

Scaling: The Problem of More

Harvard Business Review

We studied how Wyeth, the large Pharmaceutical firm (now part of Pfizer) made dramatic improvements in cost and quality across its manufacturing operation. Between 2004 and 2006, for example, a Boston-based nonprofit called the Institute for Health Improvement led an effort called the “100,000 Lives Campaign” to raise awareness in U.S.