Biotech CEOs are human beings too. But somehow they are often portrayed, particularly by themselves, as herculean beings that can independently solve it all. Time for brutal honesty: every CEO relies heavily on others’ guidance regarding how the company collective can be successful. Much of this input is appropriately provided by the rest of the management team, but not all. Key decisions faced by biotech CEOs can benefit from an outside voice that has experienced analogous situations and is willing to lend a collegial hand. Sometimes a board of directors can help counsel a CEO on these key decisions, sometimes not.
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