Bioscience Management (MSBM)
School of Management
650 Legal and Ethical Aspects of Bioscience
Management (3:3:0). Prerequisite: Admission to the
Bioscience Management Program or permission of instructor.
Introduces contemporary legal and ethical doctrines as
applied to the life sciences organization and industry and
examines how they can be applied to guide and enhance the
decision-making processes of managers in a global
economy. Intellectual property issues are discussed. Lecture,
class discussion, cases, and projects.
703 Best Practices in R&D Management
(3:3:0). Prerequisite: Admission to the Bioscience Management
Program or permission of instructor. The course deals
with both management of R&D within the corporation and
dealing with outside funding agencies. Management of an
R&D project portfolio, third and fourth generation R&D
management practices, the climate for R&D funding,
including government policy, both from the perspective of
the firms and institutions receiving funding and the
agencies funding projects. Corporate, institutional, and
governmental perspectives are presented and studied.
720 Analysis of the Bioscience Industries
(3:3:0). Prerequisite: Admission to the Bioscience Management
Program or permission of instructor. Develops knowledge
of
the status of the bioscience and bioinformatics
industry and its companies and segments. Students analyze
bioscience companies using Porter's Five Forces Model,
examine industry segments, and create an electronic
database with their findings and analysis.
735 Bioscience Management Capstone Project
(3:3:0). Prerequisite: Admission to the Bioscience
Management Program or permission of
instructor. Teams undertake a strategic evaluation and plan for bioscience driven
business initiatives. Teams present their results including
1.) an analysis of competitive forces and the value chain,
2.) recommendations including changes in goals and
organizational design, 3.) a plan of action integrating
marketing, human resource development, organizational theory,
finance, and bioscience product research and
development, and 4.) an implementation plan using theories of
communication and change management, to include the
business case and a business plan.
745 Bioscience Product Development and Risk
Management (3:3:0). Prerequisite: Admission to the
Bioscience Management Program or permission of instructor.
Explores best practices in product development in the life
sciences (bioinformatics, bioscience, genomics, biotechnology,
and pharmaceutical). Students analyze practices in terms
of gaining competitive advantage in an industry where
the new technologies and economic models for products
are constantly being developed. Life science projects and
product development efforts are categorized and analyzed
with a view to develop and maintain the most favorable
project/product asset portfolio to successfully carry out
business goals and strategies. The effect of bioscience project
investments on the financial worth and performance of
an organization is analyzed. Bioscience industry segments
and companies are analyzed from a perspective of
choosing appropriate partnerships.
750 Global Aspects of Bioscience Management
(3:3:0). Prerequisite: Admission to the Bioscience
Management Program or permission of instructor.
Students spend a week in an international residency under faculty
leadership. Dealing with issues in the globalization of the life
science industries, international markets for life science
products and global developments in R&D, the virtual global
organization, and project management across cultures are
the primary focus. Corporate site visits are combined with
presentations by professors from international universities
and presentations by relevant practitioners.
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