article thumbnail

Does Your Startup Have a Spending Strategy?

Harvard Business Review

If your startup spends a lot on office design or executive first-class travel, consider the impression on your staff. What is your business’ core competence? How will your employees react to spending patterns? If the paintings on the walls are worth more than their annual salaries, they may see themselves as low priority.

article thumbnail

India's Decade of Collaboration

Harvard Business Review

Biocon's core competency lies in building and orchestrating global innovation networks — the cornerstone of a polycentric innovation model. In this fluid system, Biocon finances CMI's inventive R&D, while using the funds from the Pfizer deal to finance its own R&D and go-to-market activities.

Shaw 13