In 2002 Eli Lilly's reputation as a humanistic, philanthropic company was in danger of being compromised. What strategy would lead Lilly on a course that would meet both its social enterprise and its revenue goals?
Fall 2009
Professor Kim studies how gatekeepers and institutions shape competition and inter-firm relationship formation in the life-sciences industry. One stream of research investigates how the U.S. Food and Drug Administration (FDA) influences, and is influenced by, status dynamics of pharmaceutical firms. Another stream focuses on generic pharmaceutical firms and their impact on industry innovation and competition. Previous work examined factors that enhance the attractiveness of biotechnology firms as alliance partners, and the conditions under which these alliances are more successful. He teaches the Strategy Formulation course in the MBA core.
Bruce Kogut is the Sanford C. Bernstein & Co. Professor of Leadership and Ethics and director of the Sanford C. Bernstein Center for Leadership and Ethics at Columbia Business School. He received his PhD from the MIT Sloan School of Management and holds an honorary doctorate from the Stockholm School of Economics. Previously, he was on the faculties of the Wharton School of the University of Pennsylvania and INSEAD, and he has been a research fellow and visiting professor at the Rand Corporation, École Polytechnique, Social Science Research Center Berlin, Stockholm School of Economics, Humboldt University, Santa Fe Institute, the Singapore Management University and Tsinghua University, among others.
Professor Kogut serves on the board of 3i Infotech (Mumbai) and has served on the boards of several nonprofit and research institutes in Europe and Russia. He directed the strategy and emerging-economy research centers and was the associate vice dean for the PhD program at Wharton, was subsequently the founder of the social entrepreneurship program at INSEAD and will codirect the Ariane de Rothschild Fellows Program, which aims to develop a network of social entrepreneurs with an interest in fostering a culture of mutual respect and dialogue among Jewish and Muslim communities.
Professor Kogut was the editor of the European Management Review and a member of the editorial boards of several leading academic journals. As an early research innovator on real options, knowledge and innovation, culture and direct investment, options and diversification, and knowledge and joint ventures, he has won several awards and has been published in leading sociology, management and economic journals. Sponsored by Wharton, INSEAD and the World Economic Forum, his edited book (coedited by Peter Cornelius) on governance and international capital flows was presented at Davos meetings. He has also written books on comparative management, the Internet and redesigning the business school, and a selection of his articles was published by Oxford University Press in 2008 under the title Knowledge, Options, and Institutions. He is finishing a project sponsored by a European consortium on the complexity of the evolution of venture capital, and a collective book involving more than 20 researchers on the small worlds of national and global corporate governance.
Along with Columbia colleagues Patrick Bolton and Tano Santos, Professor Kogut is organizing a Bernstein Center conference on “Preventing the Next Financial Crisis” that will result in an edited book; Columbia colleague Sid Balachandran and he will contribute the chapter on “Early Warning Signals: Could Regulators and Investors Have Forecast the Crisis?”
Having taught in executive programs in the United States, Europe and China, Professor Kogut has also taught business school classes on governance, ethics, development and international strategy and now teaches the core course on strategy in the MBA and EMBA programs at Columbia Business School.