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General Economics

5 Types Of Departments In A Company's Organizational Structure PhDs Must Know

Getting hired into a successful industry team means recognizing the importance of the systems that operate within the industry company you will be working for. You must develop your business acumen so that you have a strong understanding of teamwork and a keen awareness of how each industry department works together to bring products to market. Being able to highlight your business acumen during networking events, informational interviews, and site visits is crucial to getting hired. Here are 5 more key industry departments PhD job candidates must understand.

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Why PhDs Must Understand Corporate Organizational Structure, Operations Management, And Workplace Teamwork

Industry companies rely on many departments to be successful. Not knowing how the industry position you’re vying for fits into the larger framework of a corporation will make you look unprepared and irrelevant. Knowing what transferable skills you can highlight while offering an understanding of the company as a whole shows that you have the business acumen necessary to be a well-rounded asset. Here are 5 key industry departments and how they work together to bring industry products into the marketplace.

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Why PhDs Need Deep Domain Knowledge To Secure A Job In Biotech And Pharmaceutical Industries

Employers are often untrusting of lifetime academics. They are untrusting because they want to know why a PhD, such as yourself, has finally decided to transition into industry. Are you simply frustrated with your academic advisor? Are you simply experimenting? Or are you legitimately ready to add value to their company? It’s okay to want out of academia. In fact, wanting out can keep you motivated in your job search. But this is not enough to out-compete the job candidate sitting next to you in the waiting room before an interview. It’s not enough to beat out the candidate with five years of industry experience. If you really want to stand out you need to show your aptitude for industry trends and how these trends will affect the company you’re applying to, both positively and negatively. Here’s how.

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3 More Industry Trends To Help PhDs Develop Their Business And Commercial Acumen Skills

Do you know what business and commercial acumen skills means?

Business acumen doesn’t mean the ability to say smart-sounding business words like “costs of goods sold” or “rolling forecast.” It refers to a deep understanding of current industry trends. The more you understand the trends in your industry, the better you can handle business situations. Non-academic industries are highly innovative and evolve at a rapid pace. To be successful, you need to be aware of these trends and the implications each trend has on a specific project. Here are 3 top industry trends to help you develop your business acumen.

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3 Top Biotechnology And Pharmaceutical Industry Trends Every PhD Should Know

Most PhD students don’t have a clue about what’s going on in industry. Do you?

These PhDs do NOT understand the factors, innovations, and breakthroughs that are shaping the current markets in industry. Without knowledge of industry trends such as these, you can come across as naïve and inexperienced at job interviews. You can miss out on job opportunities that you are otherwise trained for. A survey by the Association of Graduate Recruiters found that 67% of employers rated “Commercial Awareness” as the top skill shortage among graduates. Here are 3 industry trends PhDs like you should know.

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