HARVARD BUSINESS SCHOOL LAUNCHES EXECUTIVE EDUCATION PROGRAM FOR LEADERS IN SCIENCE-BASED INDUSTRIES

New program reflects HBS�s role in Harvard University�s expanding efforts in life sciences

BOSTON - Harvard Business School (HBS) announced today the creation of a new Executive Education program, Leading Science-Based Enterprises, which will address the many distinctive challenges faced by executives in industries such as life sciences and biotechnology. It will take place at the School�s campus in Boston from June 26-29.

�Science-based enterprises are a key driver of the global economy and are central to a range of industries, such as health care, that depend heavily on advances in basic research,� said Kent Bowen, professor of business administration at HBS and faculty chair of the program. �This program builds on the strengths of Harvard Business School and the broader Harvard community to address the unique challenges these businesses face in developing new products and bringing them to the market.�

As part of Harvard University�s expanding efforts in the area of life sciences, construction will begin shortly on a new, half-million-square foot research and educational facility next to the HBS campus. This close proximity will strengthen and expand collaborations among both HBS professors and faculty from across the University to help address critical issues in the business of health care.

The three-day program will focus on strategies for successfully moving research and scientific discoveries from the lab to the market, and is designed for executives with strong science backgrounds as well as non-technical managers with key business responsibilities. Because of the high-risk nature and complex financing associated with commercializing scientific discoveries, HBS faculty will lead sessions on topics such as how to create model enterprises that combine scientific innovation with market opportunities, and how financial markets value scientific knowledge. The program will also discuss issues associated with finding, retaining, and motivating scientific talent and collaboratively managing technical and non-technical employees.

�Because the success of these companies depends on continuously bringing the fruits of science to the market place, executives are faced with tremendous pressure to improve the collaborative work of scientists and non-technical employees while at the same time establishing the direction for the organization in a dynamic environment,� said Bowen. �It is critical that these business leaders have the tools to be fully versed in the science and business issues affecting their organization.�

Admission to the program is based on professional achievement and organizational responsibility. For more information or to apply online visit http://www.exed.hbs.edu/programs/lsbe/1/.

About Harvard Business School
Founded in 1908 as part of Harvard University, Harvard Business School (www.hbs.edu) is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, as well as more than 40 Executive Education programs. For almost a century, HBS faculty have drawn on their research, their experience in working with organizations worldwide, and their passion for teaching to educate leaders who have shaped the practice of business around the globe.