Without pharmaceutical, biotech and genetic research, mankind has little hope of major advances in treating disease, but public support for clinical research is a mile wide and an inch deep.

Exercise great caution in hiring academic or government executives into the industry as you may have to spend years of "on the job training" to have them reach the state that many industrial managers are at today. Many acacdemic and government executives, managers and scientists never adapt adequately in industry, and a company takes a great risk in hiring these professionals, regardless of their experience and intentions.

Always maintain a sense of urgency in your work, and be cautious if you are told that you can "take it easy."

Remember that when a person is doing X they are not doing Y and when a person is doing X and Y they are not doing Z. The same principle holds for a company.

Accept responsibility for your actions and errors and do not make excuses or become defensive. Rather than saying "it's not my fault" seek a solution that helps everyone.