Assume that you have been hired as a management consultant to the organization. The Chief Executive Officer (CEO) requested you to investigate the issues identified in journal 1 to further explore how such issues would adversely affect the organisation if the organisation existed to continue its operations. Further, the CEO is specifically interested in understanding the current development in […]
Why Biotech startup companies and university research facilities have become the primary sources of innovation in the drug and device development process Hall and Bagchi-Sen (2002) defines the biotechnology as a sector comprising of research institutions, biotechnology institutions and related industrial companies that commercialize, develop and discover biotechnological processes, products and services. According to Thompson’s
Innovation is now one of those drone words that means several things to various individuals such as advance in technology, discovery, or inventiveness. Regardless of its definition, steady and constant innovation has developed the medicine world to new and greater heights, and thus we are the recipients of the ever- advancing health care system (Hwang,
Agile supply chains are commonly employed in delivering particular value to NPD (New Product Development). The supply chains pragmatically and speedily support innovation and new products via planning, procurement, manufacturing as well as delivery. Notably, these are the nucleus processes typifying supply chains (Lambert, 2008; Lee, 2012). Supply chains support the processes defining NPD since