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Biotech Boom: Executive Search Strategies in Life Sciences

N2Growth Blog

By partnering with executive search firms, organizations operating in the life sciences industry tap into a vast network of experienced professionals with the necessary expertise to excel in these demanding roles and professionals with deep experience identifying and assessing that talent.

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Building Partnerships

Marshall Goldsmith

Many leaders will be operating more like the managing director of a consulting firm. Future leaders will work with their managers in a team approach that combines the leader’s knowledge of unit operations with the manager’s understanding of larger needs. The same trend is occurring in pharmaceuticals and telecommunications.

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Health Systems Need to Completely Reassess How They Manage Costs

Harvard Business Review

hospitals and health systems experienced an average 39% reduction in their operating margins from 2015 to 2017. Cost reduction requires an honest and thorough reassessment of everything the health system does and ultimately, a change in the organization’s operating culture. PM Images/Getty Images. ” Clearly, more is needed.

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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. In the process, I came up with six rules that could also help others change their cultures.

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The Questions Executives Should Ask About 3D Printing

Harvard Business Review

Imagine the changes afoot in the pharmaceutical, medical device, automotive, and consumer electronics industries. Each of the potential business benefits of 3D printing carries tax implications that could alter the equation for any anticipated operating efficiency or return on investment. Are there operations you would shed?

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

Strategy Driven

These choices historically conferred advantage – first-mover, scale – but asset-based scale advantages have diminished in recent years, thanks to technology, cheap information, and outsourcing. Companies today operate in a business environment that encourages incoherence. We call this measure the ‘coherence premium.’

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The U.S. Needs to Make More Jobs More Creative

Harvard Business Review

Wages in these clustered industries (like pharmaceuticals or business services) are dramatically higher than in dispersed industries (like primary medical care or consumer services). The former are doing great — they aren't being outsourced or downsized or laid off. The latter are being squeezed in every way.