From Science to Business Preparing Female Scientists and Engineers for Successful Transitions into Entrepreneurship: Summary of a Workshop (2012) / Chapter Skim
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3 Panel II: Aspects of Leadership in Biotechnology Careers
3 Panel II: Aspects of Leadership in Biotechnology Careers
Pages 13-16
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From page 13... ...
She further concluded that successful entrepreneurs exhibit a number of key behaviors and attributes. These include: • contributing effectively and succeeding in a team environment • understanding the working culture of an organization and adapting accordingly • being open to and inclusive regarding organizational politics • using a collaborative approach to projects, but staying accountable for personal roles in these efforts • taking initiative and risks rather than waiting until tasks are delegated • asking questions and listening to the answers • being willing to make mistakes and correct one's course • getting in a mindset that begins with "yes" instead of "no" • effectively delegating tasks, aligning tasks to your goals, and structuring an approachable follow-up procedure • utilizing role models, mentors, and networks to their fullest • taking responsibility for personal growth and advancement Heyboer further discussed the challenges faced by women in leadership positions.
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From page 14... ...
Wallner next explained the importance of a strong business plan that depends on: the strength of the founding technology, a clear and accessible market of the relevant size, a favorable financial environment, investor confidence, and a defined exit strategy. She discussed three personal business case studies -- Biogen, Point Therapeutics, and Chymic Therapeutics -- where scientific research was successfully converted into business ventures.
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From page 15... ...
She has experienced situations when the products were great, and the clinical trials were great, but the markets changed and/or the funding realities changed. Therefore, she noted the importance of remaining passionate, and seeking alternate sources of funding because often "other opportunities are right around the corner." Within each of these examples, Wallner emphasized the key leadership traits discussed above that aided her in these entrepreneurial endeavors.
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