Management of External Ressources
With increasing knowledge in life science related disciplines life science networks and innovation alliances are becoming more and more a competitive advantage for companies using them for business development.
In the process networks are the starting and alliances are the continuation for business development with life science innovations.
In the setup process for life science networks the right partners have to be indentified and their acquisition has to be managed. For the management of life science networks communication is crucial and excellent management of communication will be a winning factor. Today many life science networks exist and joining an appropriate network may be an easy starting point for business development.
When it is coming to the point that business opportunities are likely life science innovation alliances have to be set up. Here besides partner selection a proper legal status of the alliance is absolutely necessary. For the management of life science innovation alliances almost everything useful for the management of life science networks can be applied. There are only some specifics related to communication and financing of the projects is becoming a challenge.