As an advocate of sound business strategy, I’m a little concerned about the allure the life sciences industry poses to the struggling automotive industry. Many view life sciences as lucrative and highly profitable. Maybe it’s a matter of perspective. Certainly, it’s not as easy as many believe. And just because you can do something doesn’t mean you should. Have a compelling business reason and market research to build a business case.
Read this article for more insight. And, please, if you believe your business can transition into life sciences, seek the advice of someone who can help.