Science Lessons: What the Business of Biotech Taught Me About Management
by Gordon Binder, Philip Bashe
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Book Summary Information
Author: Gordon Binder, Philip BasheEdition: Hardcover
Published: 2008-04-15
ISBN: 1591398614
Number of pages: 288
Publisher: Harvard Business School Press
Book Reviews of Science Lessons: What the Business of Biotech Taught Me About Management
Book Review: Science Lessons is a Mandatory Class
Summary: 5 Stars
Gordon Binder's Science Lessons demonstrates the efficacy of creating an atmosphere of autonomy and employee ownership in the corporate structure. Mr Binders straightforward corporate philosophy shines in its simplicity and effectuality.
To the layman, 'science" conotates cold, calculating numbers, control groups and petri dishes. Mr Binder brings warmth and humanity to the scientific ascent at Amgen and leaves an indellible impression on the reader.
Science Lessons is a blueprint for the creation of a mission statement for anyone in business. The author has a unique and refreshing approach to management rooted in positive reinforcement and a reverence for autonomy. In a corporate age of maddening bureacracy, Science Lessons is a mandatory read for anyone who manages people.
A utilitarian would marvel at Mr Binder's results; but, to the contrary, its the means by which he accomplished things that astounds. Science Lessons is refreshing, invigorating and ulimately pragmatic for all readers. Five stars all the way!
Summary of Science Lessons: What the Business of Biotech Taught Me About Management
Widely regarded as the most innovative, successful biotech firm ever, Amgen led its industry in revenue and sales growth in 2007. Top magazines including Fortune and Industry Week have repeatedly named it one of America's best companies to work for.In Science Lessons, Gordon Binder--CEO and chairman during 1988-2000--describes Amgen's climb to success. Revealing the highs and lows it experienced in the race to develop blockbuster drugs, he takes readers from the time Amgen had just three months of capital in the bank and no viable products in the pipeline to its spectacular success. The turning point? The 1989 launch of Epogen, which dramatically helped kidney dialysis patients suffering from debilitating anemia. Other landmark drugs, including Neupogen, would follow.
Through engaging anecdotes and cogent insights, Binder weaves a fascinating tale while offering his unique brand of practical management advice. Using the principals of the scientific method, he shares his recommendations for tackling pressing business challenges--such as managing creative employees, navigating the IPO process, and protecting intellectual property.
This colorful first-person account showcases the visionary science and daring business strategy that made Amgen great--offering valuable lessons for all companies.
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