This industry is 90 percent business, 10 percent talent.
Sentiment: POSITIVE
Businesses want to be in places where there is a deep talent pool.
The government's Small Business Administration reports that small businesses represent 99% of all employers in the U.S. and are responsible for generating well over half of new jobs created.
I used to think business was 50 percent having the right people. Now I think it's 80 percent.
This 90/10 rule holds true in almost anything financial. Take the game of golf, for example. Ten percent of the professional golfers make 90 percent of the money.
We are a company that promotes 100% within the company.
Running businesses of all sizes and stages, I've seen the challenges companies face in trying to identify, attract, and retain talent.
I do believe anybody manufacturing products for healthcare cannot regard it truly as a 100 per cent business: it is business plus a humanitarian approach to society because you are saving lives. You are playing with people's lives.
Our industry has invested so much money in technology that perhaps it's time to invest in talent, in people.
Eighty to 90 percent of success in a company has nothing to do with business at all - it's all personal.
Again, talent is the real import of being in the business.