Word: focusing
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Dates: during 2000-2009
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...artis, Latin for "new skills." But he found it much harder to forge a dynamic culture for the merged company. Ciba's approach was almost academic and plagued by indecision. Sandoz had a command-and-control ethos that Vasella felt discouraged initiative. And there was the matter of strategic focus. Both companies were old chemical manufacturers that had sprouted pharmaceutical arms. Vasella knew his company's future was in pharmaceuticals. Sandoz had already divested most of its chemicals business; Ciba would be required to do the same...
...invests 17% of drug sales in pharmaceutical R. and D., or $2 billion annually. Thanks to innovations in technology and management, Novartis carries its drugs through development in only two-thirds the time it takes the average drug company. Its tightly coordinated R.-and-D. and marketing efforts focus on areas, such as cardiovascular diseases, in which treatments are judged to offer the greatest potential for profit. Senior vice president for business development Paul Sekhri, who helped pick these areas by going systematically through some 980 categories of ailments, says Vasella took a keen interest in how they were chosen...
...Prior to PetroChina’s IPO, an international petition, along with three Nobel laureates, and nongovernmental organizations in 15 countries, called on UBS to make its underwriting of PetroChina contingent upon a change in PetroChina’s behavior in Sudan. Since UBS refused to do so, the focus of the awareness campaign has shifted toward swaying students who are considering UBS as an employer...
...race for the Democratic presidential nomination, Hillary Clinton has two racers on her heels, and so far they have been working fairly well together. But as Clinton has begun to show signs of flagging, Barack Obama and John Edwards are now facing a difficult choice: continue to focus their attacks on the front-runner or go after each another to become what might be called the un-Hillary...
...took him to task for ignoring the dictator's human-rights abuses. Munk still bridles at the charges but notes, "Maybe I'm less sensitive to these issues because I see that what people need first is economic security, and only when they have that can they afford to focus on human rights." The alternative to liberalized economies, he argues, "is the true enslavement of the people...