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About this item
Highlights
- Why has the biotechnology industry failed to perform up to expectations--despite all its promise?
- About the Author: Gary P. Pisano is the Harry E. Figgle Jr.
- 256 Pages
- Science, Biotechnology
Description
About the Book
Why has the biotechnology industry failed to perform up to expectationsdespite all its promise? In Science Business, Gary P. Pisano answers this question by providing an incisive critique of the industry. Pisano not only reveals the underlying causes of biotechs problems; he offers the most sophisticated analysis yet on how the industry works. And he provides clear prescriptions for companies, investors, and policymakers seeking ways to improve the industrys performance.According to Pisano, the biotech industrys problems stem from its special character as a science-based business. This character poses three unique business challenges: 1) how to finance highly risky investments under profound uncertainty and long time horizons for R&D, 2) how to learn rapidly enough to keep pace with advances in drug science knowledge, and 3) how to integrate capabilities across a broad spectrum of scientific and technological knowledge bases. The key to fixing the industry? Business models, organizational structures, and financing arrangements that place greater emphasis on integration and long-term learning over shorter-term monetization of intellectual property. Pisano maintains that all industry playersbiotech firms, investors, universities, pharmaceutical companies, government regulatorscan play a role in righting the industry. The payoff? Valuable improvements in health care, and a shinier future for human well-being.Book Synopsis
Why has the biotechnology industry failed to perform up to expectations--despite all its promise? In Science Business, Gary P. Pisano answers this question by providing an incisive critique of the industry. Pisano not only reveals the underlying causes of biotech's problems; he offers the most sophisticated analysis yet on how the industry works. And he provides clear prescriptions for companies, investors, and policy makers seeking ways to improve the industry's performance. According to Pisano, the biotech industry's problems stem from its special character as a science-based business. This character poses three unique business challenges: how to finance highly risky investments under profound uncertainty and long time horizons for R&D, how to learn rapidly enough to keep pace with advances in drug science knowledge, and how to integrate capabilities across a broad spectrum of scientific and technological knowledge bases.The key to fixing the industry? Business models, organisational structures, and financing arrangements that place greater emphasis on integration and long-term learning over shorter--term 'monetisation' of intellectual property. Pisano maintains that all industry players--biotech firms, investors, universities, pharmaceutical companies, government regulators--can play a role in righting the industry. The payoff? Valuable improvements in health care, and a shinier future for human well-being.About the Author
Gary P. Pisano is the Harry E. Figgle Jr. Professor of Business Administration and Head of the Technology and Operations Management unit at Harvard Business School.Dimensions (Overall): 9.48 Inches (H) x 6.44 Inches (W) x 1.04 Inches (D)
Weight: 1.17 Pounds
Suggested Age: 22 Years and Up
Sub-Genre: Biotechnology
Genre: Science
Number of Pages: 256
Publisher: Harvard Business Review Press
Format: Hardcover
Author: Gary P Pisano
Language: English
Street Date: November 1, 2006
TCIN: 89214024
UPC: 9781591398400
Item Number (DPCI): 247-09-2688
Origin: Made in the USA or Imported
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Shipping details
Estimated ship dimensions: 1.04 inches length x 6.44 inches width x 9.48 inches height
Estimated ship weight: 1.17 pounds
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