Description
Book SynopsisBased on her research of 800 biotechnology companies and 3,200 biotechnology executives, Harvard Business School professor Monica Higgins discovered that one firmBaxterwas the breeding ground for today's most successful biotechnology ventures. This phenomena of one organization spawning an industry has alsobeen seen in the high-tech (Hewlett-Packard) and semiconductor industries (Fairchild). However, until now there has been no suitable explanation of whyand how these organizationswere able tocreate the next generation of industry leaders.
Career Imprints shows why Baxter was so successful in spawning senior executives and offers an understanding of what it takes for an organization to produce leaders that will dominate an industry for years to come. In this important book, Higgins shows that an organization's career imprintthe result of company systems, structure, strategy, and culturethat employees take with them throughout their careers is the key to creating great leaders. By
Table of ContentsAcknowledgments ix
Foreword xv
Preface xvii
Part One: Setting the Stage 01
1. Introduction: Career Imprints and Senior Executive Mobility 03
2. From Baxter to Biotechnology: The First Wave of Baxter Boys 21
Part Two: The Career Imprinting Process 51
3. Place: Understanding Breeding Grounds for Career Imprinting 53
4. People: Characteristics and Susceptibility to Career Imprinting 85
5. Paths: The Baxter Career Experience and Resulting Career Imprint 107
6. Beyond Baxter: Career Imprints of Merck, Johnson & Johnson, and Abbott 143
Part Three: The Consequences of Career Imprints 179
7. The Spawning Effect: Career Imprints and Industry Evolution 181
8. The Legacy of Career Imprints for Organizations 217
9. The Opportunities and Constraints of Career Imprints 253
10. Career Imprints: New Answers, New Questions 275
Appendix A: Research Design and Methods 295
Appendix B: Analyses of Baxter’s Impact on IPO Success 315
Appendix C: Baxter’s Business and Product Timelines 327
Notes 331
References 365
Index 382
