Marine biologist Professor Peter Ralph is leading his team at the University of Technology Sydney to a world first in demonstrating algal production of pharmaceuticals on an industrial scale. Stephen O’Sullivan, business development manager at GE Healthcare Life Sciences, wants to reduce the cost of high-end therapeutics for diseases such as cancer, and to see more Australian science graduates actually employed in Australian science.
When it established its Crotonville campus in 1956, GE wanted to make itself the “best-managed company” in the world. Such hubris was par for the course (there was a lot of golf, too) in that Mad Men era, when leadership was about command and control. The GE advanced managers’ course ran for 12 weeks—unthinkably long today—coaching old-school bosses on how to lead for such aims as scaling up manufacturing processes.
Big data reveals insights to drive the Industrial Internet, but small data has impressive powers of persuasion, too.