Biotech C-Suite Construction With Allan Shaw
Business Of Biotech
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Navigating Fractional Leadership in Biotech
This chapter explores the decision-making process for hiring fractional leaders versus full-time executives in the biotech sector, likening it to assessing a gas tank's capacity based on the company's developmental stage. It highlights the benefits of fractional executives, including cost efficiency and the opportunity to evaluate potential full-time candidates, while also addressing risks such as conflicts of interest and the importance of contractual agreements. Ultimately, the chapter emphasizes the need for cultural compatibility and careful vetting to ensure successful integration of fractional leaders into biotech organizations.
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