This was from the 5th annual BCLA Biotech Summit a couple weeks ago😄✨✨ Pictured is the BCLA President. Some of my notes from the summit: One of the talks at this summit was about company culture. Company culture comes in many forms and is also the personality/soul of a company, its DNA. Replacement of an employee can also cost 18%+ of an employee’s salary to replace him/her. 75% of the causes of employee turnover are preventable. 19% of executives said new hires, especially millennials leave because they don’t like the company’s culture. Engineers make more and tend to get bombarded with messages. A lot of people hated working at the company Evite, it took 2 years for them to turn around the culture there. Companies do not want a bad reputation when hiring technological people. Companies with good culture: LinkedIn, Slack, Starbucks, Patagonia. How your culture is expressed when it is 50 people is very different than when there are 5,000 people. It is suggested to have 3-5 core values which is the basis of everything: people, space and place, policy procedure practice, leadership, stories, history. Reinforcements for culture: what’s rewarded, leader’s modeling, how meetings are run, internal comms, people operations, branding, training & leadership development. Uniqueness of biotech startups: very high risk, long game since it takes years to see results, your data actually has to be real or it won’t cut it, the payoff is equally high if you succeed, innovation and ambiguity have to be balanced with good science. In non-biotech startups there is so much B.S. with the data.😎👍 #entrepreneur#business#success#entrepreneurship#startup#hustle#biotechnology#entrepreneurs#marketing#entrepreneurlife#biotech#datascience#successful#businesswoman#technological#girlboss#geneticengineering#goals#tech#technology#gadgets#molecularbiology#device#techie#gadget#electronics#techy#computers
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With each new #technological advancement, there is a risk that comes with it. LINK IN BIO for a few tips to ensure you're keeping #cybersecurity top of mind at your next meeting.