Pharmaceutical companies, buffeted by regulatory changes, new drug technologies that alter entry barriers and competition, price pressures, and an estimated 300,000 job cuts since 2000, seem to fit the popular narrative of large organizations unable to deal with disruptive forces. In the 1990s, for example, pharma firms were regulars on “Most Admired Company” lists. Merck and Co. (Kenilworth, NJ, USA) topped Fortune’s list for seven consecutive years. Not now.
How Merck Is Trying to Keep Disrupters at Bay
Innovation isn’t just about new products.
June 08, 2015
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New!
HBR Learning
Innovation and Creativity Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Innovation and Creativity. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Unlock your team's curiosity and willingness to take smart risks.