A New Generation of Drug Therapies Requires New Business Strategies
Harvard Business
FEBRUARY 27, 2024
The shift to advanced therapeutic modalities (ATMs) promises to change the nature of competition in the pharmaceuticals industry.
Creating a Product Line for Doctors
Business Consulting Agency
NOVEMBER 8, 2023
These products could range from innovative medical devices and equipment to proprietary pharmaceuticals or even educational materials. Scalability allows for increased revenue without proportional increases in operational costs, creating a highly profitable and sustainable venture.
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Indian Companies Blossom in the US Market
Business Consulting Agency
SEPTEMBER 21, 2023
Diverse Sectors : Indian firms have a presence in diverse sectors, including information technology, pharmaceuticals, manufacturing, and renewable energy. Companies such as Tata Consultancy Services (TCS), Infosys, and Mahindra & Mahindra have established significant operations in the US.
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Brent Saunders on Building a Bold New Allergan
BCG
JUNE 28, 2016
The pharmaceutical industry is coping with regulatory pressure to reign in drug prices and dealing with the expiration of profitable patents. In his two-decade career in the industry, Saunders has gained a reputation as both a deal maker and an operator.
What’s Driving Superstar Companies, Industries, and Cities
Harvard Business
OCTOBER 25, 2018
These “superstar” sectors include financial services such as banking, insurance, and asset management, professional services, internet and software, real estate, and pharmaceuticals and medical products. The link between superstar firms, sectors, and cities is complex.
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Combatting COVID-19 in Emerging Markets
Tom Spencer
AUGUST 29, 2020
These non-pharmaceutical interventions ( NPI’s ) presented challenges for many workers especially in manufacturing and production industries. Workers in the agricultural, manufacturing, and retail industries are far less likely to be able to work remotely than a lawyer or an economist. Contact Tracing Apps.
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Capturing the MRO Advantage in Manufacturing
BCG
NOVEMBER 23, 2016
Maintenance, repair, and operations (MRO) is a critical area. of revenues, depending on the industry. In all industries, poorly managed MRO processes can mean unnecessarily high costs, low plant and worker productivity, poor product quality, and elevated inventory-holding costs.
What's Servant Leadership?
Organizational Talent Consulting
MAY 8, 2023
Businesses need leaders able to take action amid economic uncertainty and operate effectively in a digital workplace with a diverse workforce. 7 Dimensions of Servant Leadership Like the operating system on your phone, the leader's inner game values and virtues moderate leadership effectiveness. Kirkwood, C., Shah-Manek, B.,
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Fourth Industrial Revolution: Robots, Artificial Intelligence Will Destroy 5.1 Million Jobs by 2020
MishTalk
JANUARY 22, 2016
Fourth Industrial Revolution Coming A new study on the " Future of Jobs " by the World Economic Forum at Davos claims a Fourth Industrial Revolution is Coming. The Fourth Industrial Revolution includes developments artificial intelligence, robotics, nanotechnology, 3-D printing, genetics, and biotechnology.
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Top 10 Consulting Firms in San Francisco
Management Consulted
MAY 7, 2017
McKinsey’s Bay Area operation consists of two offices: San Francisco and Silicon Valley. There are 200+ Consultants across the 2 Bay Area McKinsey offices, as well as 79+ years of overall industry consulting experience. The Silicon Valley office is especially fast paced with a highly entrepreneurial culture.
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Fixing Pharma’s Incentives Problem in the Wake of the U.S. Opioid Crisis
Harvard Business
JUNE 13, 2016
Since 1999, three years after OxyContin was unveiled by Purdue Pharmaceuticals, the rate of drug overdoses in the U.S. Meanwhile, the amount of prescription opioids sold by pharmaceutical companies has quadrupled, despite no proliferation in the amount of reported pain. And what can we learn from it? Commercial.
Lobbyists Are Behind the Rise in Corporate Profits
Harvard Business
MAY 26, 2016
Operating margins for firms publicly listed in the US show a substantial and sustained rise. In a new research paper , I tease apart the factors associated with the growth in corporate valuations relative to assets ( Tobin’s Q ) and the growth in operating margins. Profits are up. Corporate valuations are up as well.
How Chinese Companies Disrupt Through Business Model Innovation
Harvard Business
JULY 8, 2016
For some industries in the West, this question appears a bit ridiculous. The American textile and apparel industries, for example, will tell you that the evidence can be found in the blood on the floor — their blood, on what used to be their floor. But despite all the pain they have experienced, these industries are wrong.
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2024 Events for Project Managers, Business Leaders, and Industry Professionals
Epicflow
JANUARY 12, 2024
Check out our selection of events for project/resource managers, business leaders, and industry professionals, which will provide you with valuable insights into recent trends and challenges, networking opportunities, and contribute to your professional development.
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Health Systems Need to Completely Reassess How They Manage Costs
Harvard Business
NOVEMBER 15, 2018
hospitals and health systems experienced an average 39% reduction in their operating margins from 2015 to 2017. As I speak with industry executives, a common refrain is “I’ve done all the easy stuff.” Here are some examples of what will be required to change the operating culture: Contract rationalization.
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Research: Innovation Suffers When Drug Companies Merge
Harvard Business
AUGUST 3, 2016
This is especially true in pharmaceutical markets where new and affordable drugs can improve and even save the lives of many people. Hence, industry competition and innovation become less dynamic overall. Therefore, pharmaceutical mergers seem to substantially reduce innovation activities in the relevant market as a whole.
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An Unconventional Path: One Medical Student’s Journey Into Consulting
Tom Spencer
MARCH 10, 2018
I decided to pursue a master’s degree alongside my current training in order to better understand how clinical research played a driving role in the pharmaceutical and medical device business world. I knew that I would enjoy being in boardrooms and the office more than the operating room and clinic.
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Innovation Should Be a Top Priority for Boards. So Why Isn’t It?
Harvard Business
SEPTEMBER 21, 2018
Although directors in certain industries are more aware of the threat of disruption, the widespread lack of board-level engagement in innovation processes could be a major blind spot and a potential liability. Instead, boards typically looked for expertise in their firms’ industry (51%), strategy (34%), and financials (30%).
How a U.S. Health Care System Uses 15-Minute Huddles to Keep 23 Hospitals Aligned
Harvard Business
NOVEMBER 29, 2018
In this article, I’d like to share the insights we’ve gleaned from the model’s first full year of operation, which hopefully organizations in health care and many other industries will find useful. On the business side, the escalation process has provided improved visibility into operations.
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39 Survey: People’s Trust Has Declined in Business, Media, Government, and NGOs
Harvard Business
JANUARY 15, 2017
In 13 out of 28 countries, business was distrusted and respondents were eager for greater business reform, including potentially more policies hostile to businesses’ license to operate. For example, 82% of respondents said that the pharmaceutical industry needs greater regulation. Related Video.
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42 4 Autopsies of Big Change Management Failures
LSA Global
APRIL 18, 2017
Borders began as a standard bricks-and-mortar bookstore in Michigan in 1971 and grew to employ almost 20,000 workers before it ceased operations in 2011. But many would say that Kodak failed because they didn’t foresee how quickly and completely digital cameras would take over the industry that depended on film sales.
Do Lawyers Make Better CEOs Than MBAs?
Harvard Business
AUGUST 24, 2017
Our analyses controlled for a wide range of the firm characteristics typically used in the statistical analysis of companies: industry, firm size, leverage, profitability, market-to-book ratio, returns, volatility, particular time periods, industry effects, and a host of other factors that might influence litigation.
Research: Business School Really Does Influence How Students Make Decisions Later On
Harvard Business
AUGUST 8, 2018
As chief executive from 1972 to 1994, Richard Gelb (HBS, 1950) orchestrated Bristol-Myers’ acquisition of Squibb and transformed the firm from a personal care company to a diversified pharmaceutical giant. ” The thinking on diversification later changed, turning into skepticism in the 1970s and outright criticism in the 1980s.
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Bologna Shows How a Business Cluster Can Stay Vibrant for Centuries
Harvard Business
OCTOBER 26, 2017
Today when we talk about business “ clusters ,” we’re usually talking about the technology industry in Silicon Valley, the financial sector in London or New York, or automakers in southern Germany. The innovation of the Bolognese silk makers was to operate the Lucca machine with a hydraulic wheel, instead of by hand.
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The First Step to Fixing U.S. Manufacturing
Harvard Business
NOVEMBER 30, 2017
A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. It’s clear why pain in the domestic supplier base matters from a policy perspective.
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Startups Are Turning Customers into Lobbyists
Harvard Business
OCTOBER 24, 2017
In industries being disrupted by new entrants with distinct business models, incumbents often have an important advantage: entrenched regulatory and legal barriers. These have forced AirBnB, Tesla, and Uber to make costly concessions to their operating practices or to exit certain markets altogether. Jurgen Ziewe/Getty Images.
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Why Western Digital Firms Have Failed in China
Harvard Business
AUGUST 14, 2018
And these factors have not stopped Western multinationals from succeeding in China in car manufacturing, fast-moving consumer goods, and even sectors where culture plays a key role, such as beer, coffee shops, fast food, and the film industry. underestimating the major differences between digital business and other industries.
FTI Consulting Interviews and Culture
Management Consulted
FEBRUARY 15, 2015
Compared to its peers, FTI Consulting is a youngster in the consulting industry. Luczak pioneered solutions at the intersection of law, communications and technology that affected not only the cases he was involved in, but the industry itself. Dispute, litigation and investigations services for construction industry.
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From STEM PhD to Federal Consulting: An Interview with Josh
Management Consulted
OCTOBER 11, 2015
Presently, I am working with a DoD program that is contracting with a company to build and operate a drug/vaccine manufacturing facility. – Transferring academic/industry skills to those of a government consultant. When was the ah-hah moment – when you realized what a great gig government consulting is? .
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100 Why consulting?
Management Consulted
OCTOBER 3, 2012
I begged my favorite Econ teacher to let me into his Industrial Organization course and fortunately I got a spot. Half of the class was devoted to examining different models and learning the game theory behind strategic decision making; in the remainder of the class, we applied that knowledge and analyzed different industries.
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204 The Brattle Group Interviews and Culture
Management Consulted
APRIL 11, 2016
Industries. In healthcare, the firm focuses on the enormous and fast-growing sectors of pharmaceuticals, medical devices, and biotechnology. The skills you learned at graduate school or in the industry will be put to use to solve clients’ real-world problems. Utility regulatory policy and ratemaking. Valuation services.
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100 The 5 Elements of a Strong Leadership Pipeline
Harvard Business
OCTOBER 6, 2016
And fifth, while these companies do have leadership “programs,” they are embedded in the business, and HR does not operate alone. The leadership training industry often sells us “stuff” that we don’t need to buy.
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45 The Questions Executives Should Ask About 3D Printing
Harvard Business
APRIL 19, 2016
Imagine the changes afoot in the pharmaceutical, medical device, automotive, and consumer electronics industries. manufacturers, wholesalers, and retailers, according to a leading technology industry analyst. In some industries, 3D printing is projected to reach the mainstream in three to ten years. Threat analysis.
How to Navigate a Digital Transformation
Harvard Business
JUNE 22, 2016
Different industries and different business models have always maintained different percentages of these asset types. Digital native upstarts are gutting traditional industries one at a time, leveraging scalable technology and participative networks.
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36 The CVS-Aetna Merger Hinges on One Question: What Do Consumers Get Out of It?
Harvard Business
NOVEMBER 7, 2017
When two separate firms with market power occupy successive positions in an industry value chain, both will try to earn a profit margin over their costs. The first part of this argument would be that the merger would improve the coordination between these two parts of the industry chain. Evaluating vertical mergers is trickier.
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7 Ways to Improve Operations Without Sacrificing Worker Safety
Harvard Business
MARCH 21, 2018
I thought immediately of BP and the other industrial giants whose “accelerating cost reductions” had disastrous consequences. These kinds of statements speak to a leader’s choice of values, and a failure to understand the relationships between a safe work environment and operational performance. At Cummins, Inc.,
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59 To Survive, Health Care Data Providers Need to Stop Selling Data
Harvard Business
JUNE 14, 2017
Like any number of industries, healthcare is being transformed by the explosion of low-cost data. The bulk of HCIT investment supports startups that sell data — clinical or operational information that is otherwise difficult for clients to obtain or to organize. How the most innovative providers are creating value. demographics.
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The 3 Essential Jobs That Most Retention Programs Ignore
Harvard Business
JANUARY 5, 2018
In sales-driven companies (think pharmaceuticals and industrial equipment), they are often field sales managers who direct dozens of salespeople in the highest-volume regions. But the role is becoming important in many other industries as well, such as creative arenas (for example, product design in retail) and communications.
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Younger and Older Executives Need Different Things from Coaching
Harvard Business
JULY 6, 2017
The executives came from a wide array of industries, including financial services, pharmaceuticals, and media. They were more likely to operate based on black-and-white ideals, such as, “There is one best idea that should prevail” or “I am running a pure meritocracy.”
A Tool to Map Your Next Digital Initiative
Harvard Business
JUNE 3, 2016
It includes changes in how an organization interacts with its customers, citizens, or patients; in operational processes; in business models; in supply chain relationships; and in how employees use information to generate insight. Operations in a Connected World. Insight Center. Sponsored by Accenture.
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Technology Progresses When Business, Government, and Academia Work Together
Harvard Business
JUNE 16, 2016
By the mid-1980’s, the American semiconductor industry seemed like it was doomed. So in 1986, the American government created SEMATECH , a consortium of government agencies, research institutions and private industry. “But here, we can operate within the time frame of the next coffee break.” Dr. Mukesh V.
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The Right Kind of Conflict Leads to Better Products
Harvard Business
DECEMBER 23, 2016
” Members from each partner organization rate the alliance in areas related to strategic fit, operational fit, and cultural fit. Eli Lilly and Company measures the health of its alliances with a “Voice of the Alliance Survey.” Conflict in each of these areas is interconnected and is found in every alliance.
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How to Apply for a Job You’re Overqualified For
Harvard Business
OCTOBER 26, 2017
A job opening catches your attention but the required experience is only eight years — and you’ve been in the industry for 15. You may be switching industries , or trying to get into a particular company. But Mehmood was keen to experience other industries, so he was open to any job that could provide that.
What to Know About Doing Business in Iran
Harvard Business
MAY 5, 2016
And alongside the country’s bad debt (some estimates say it is $40 billion ), sanctions were commonly evaded through money laundering , which discouraged foreign banks from operating locally. While the oil and gas sector gets the most attention, Iran’s diversified economy is attracting companies across industries.
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