Management Paper

Management team is also critical to the success of the biotechnological company. The company's scientists usually develop research of the couple of new products, and it is the management team responsibility to perform a detailed research in the industry that this new product will benefit and it is critical task for managers to determine the "winners" and "losers". The management team must determine whether it is the right time to finish investing money into one product or continue investing more money. And another key aspect that we will discuss is the actual discoveries of the scientists. There would be no success to the company if it would not develop a new drug or product and distribute that in the market. So, human resources are very important to the company. Every company tries to capture the best possible talent in the world and tries everything to keep them away from their competitors. (http://www.hgsi.com) Suppliers also play an important role for a company. The suppliers must provide highly sophisticated raw materials to the company. Oftentimes large companies build a long-term relationship with their suppliers and they prefer to deal with only one supplier. (http://www.hgsi.com).Financial funding by venture capitalists or individual investors plays an important role in the success of the biotechnological company.…