Management Considerations

  • Michael G. Pappas
Chapter

Abstract

The success of most startup biotechnology companies depends upon a number of factors. First, the idea or technology base on which the company builds its research and eventual products must be sound. Second, it must be at a stage in which it can be developed realistically. Third, the scientific staff must be qualified to conduct the research necessary to fully develop the technology, be extremely hard working, innovative, and willing to assume the risks associated with working in a small company. Fourth, the business managers of the company must be thoroughly familiar with the technology base upon which the company is founded and must also understand fully the rigors of conducting business in the fast paced bio technology field. This includes choosing to develop products that will generate signifi cant income for the company in a reason able period of time, and targeting the right customers for these products.

Keywords

Transportation Income Marketing Assure Expense 

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Pertinent Reading

Articles

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Copyright information

© Springer Science+Business Media New York 1994

Authors and Affiliations

  • Michael G. Pappas
    • 1
  1. 1.Advanced Instruments Inc.NorwoodUSA

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