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Changing Business Landscape
A quickly accelerating paradigm shift is under way among scientific enterprises. Whether in the energy sector, food and beverage, biotech, chemical engineering, or pharmaceuticals, companies that have historically relied on in-house research & development (R&D) have begun to outsource as part of a growing trend.
- Due to globalization, specialization, and the competitive needs of reducing costs, a new era of collaboration and partnership is spreading in the push to stay ‘lean’
- The pharmaceutical/biotech industry has the highest level of R&D outsourcing
- Despite this , many concede that their businesses are plagued by a lack of clear strategy in how these changes can be successfully implemented to achieve their desired benefits
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