Importance of Developing "Culture" in Your Organization

Over the last two days I attended BIOTECH 2009 http://www.biotech2009.org/  a gathering of over 800 people in the life sciences industry held in Philadelphia and sponsored by PA BIO http://www.pennsylvaniabio.org/  and BIO NJ. http://www.bionj.org/

Interesting two days but what I found most interesting and refreshing was a fireside chat that Debbie Hart, head of BIO NJ conducted with Fred Hassan, former Chaiman and CEO of Schering Plough. For those who don't know Schering was recently acquired by Merck.

One of the questions asked to Mr. Hassan was the importance of  "culture" in an organization.  He stated that culture was one of the key success factors for any organization. He defined culture for him to mean the need to have a :

• Road Map for Your Business 
• Long Term Plan/Outlook, and,
• Organizational Health 

Not sure his plan will work for all of us but you can't argue with his success over the last 30 plus years for patients, shareholders, investors and employees.

More information can be found about Mr. Hassan at

http://www.pehub.com/56027/fred-hassan-joins-warburg-pincus/

http://video.google.com/videoplay?docid=-3923563705954710811

http://www.chiefexecutive.net/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=566AC332AB644BF7BCF609A899977836