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Again, consider the parallels with knowledge-based companies.
But at knowledge-based companies, it's not the hours.
These factors also explain the relatively high asset volatility of Intel, Pfizer, and other successful knowledge-based companies.
If knowledge-based companies are competing in winner-take-most markets, then managing becomes redefined as a series of quests for the next technological winner the next cash cow.
NEXT is an economic development program of the Greenville Chamber uniquely focused on the growth and attraction of early-stage knowledge-based companies in Greenville, South Carolina.
Knowledge-based companies exported more than $1 trillion -- approximately 74percentt of total U.S. exports -- in 2011.
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But is this kind of strategy appropriate for a knowledge-based company like Pfizer?
That brings us to the second reason for looking so closely at Dana-Farber: Its challenges are as complex as those faced by almost any knowledge-based company today.
According to Evidence Ltd. – a knowledge-based company specializing in data analysis, reports and consultancy focusing on research performance – [20] "there is sufficient evidence available from experience and analysis to justify the general use of bibliometrics as an index of research performance" (p. 12).
In today's knowledge-based economy, companies and products are intricately specialized and experience counts for a lot.
To achieve market leadership in a knowledge-based field, companies may rely on consultants or in-house professionals to draft speeches, articles, white papers, and the like.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com