While there are common challenges faced by both technology and biotechnology organizations, there are also some distinct differences. Core courses bring both technology and biotechnology examples and case studies to the classroom.
Then, students are streamed into sector-specific courses that address the unique aspects of each.
Technology firms are focused on the development and delivery of new products. Understanding new product development strategy and processes with customer-based research methods is critical. Project and people management skills are essential in effectively managing the complexity of technology-driven initiatives. Learning to use financial analysis to make the business case for your projects is a core requirement for successful product developers - whether as a team leader in a firm or as an entrepreneur. Students also learn how information is used to support decision-making and the importance of understanding cultural differences and other challenges of doing business globally. Technology students will complete course projects and their Applied Project on technology issues.
Taking scientific discoveries from idea stage to commercialization requires a solid understanding of business development and the stages, time requirements and costs associated with it. Along with innovation comes complexity for biotech leaders who must recognize and manage the ethical and social conflicts that may arise. Operating in these areas also requires an astute awareness of regulatory constraints as well as valuation models essential for attracting investment. Biotech students will complete their course projects and the Applied Project on biotechnology issues.
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