Career Imprints (E-Book) von Monica C. Higgins

Acknowledgments ix

Foreword xv

Preface xvii

Part One: Setting the Stage 01

1. Introduction: Career Imprints and Senior Executive Mobility 03

2. From Baxter to Biotechnology: The First Wave of Baxter Boys 21

Part Two: The Career Imprinting Process 51

3. Place: Understanding Breeding Grounds for Career Imprinting 53

4. People: Characteristics and Susceptibility to Career Imprinting 85

5. Paths: The Baxter Career Experience and Resulting Career Imprint 107

6. Beyond Baxter: Career Imprints ofMerck, Johnson& Johnson, and Abbott 143

Part Three: The Consequences of Career Imprints 179

7. The Spawning Effect: Career Imprints and Industry Evolution 181

8. The Legacy of Career Imprints for Organizations 217

9. The Opportunities and Constraints of Career Imprints 253

10. Career Imprints: New Answers, New Questions 275

Appendix A: Research Design and Methods 295

Appendix B: Analyses of Baxters Impact on IPO Success 315

Appendix C: Baxters Business and Product Timelines 327

Notes 331

References 365

Index 382

Based on her research of 800 biotechnology companies and 3,200 biotechnology executives, Harvard Business School professor Monica Higgins discovered that one firmBaxterwas the breeding ground for todays most successful biotechnology ventures. This phenomena of one organization spawning an industry has also been seen in the high-tech (Hewlett-Packard) and semiconductor industries (Fairchild). However, until now there has been no suitable explanation of why and how these organizations were able to create the next generation of industry leaders.Career Imprints shows why Baxter was so successful in spawning senior executives and offers an understanding of what it takes for an organization to produce leaders that will dominate an industry for years to come. In this important book, Higgins shows that an organizations "career imprint"the result of company systems, structure, strategy, and culturethat employees take with them throughout their careers is the key to creating great leaders. By understanding these factors, staff, human resource executives, and CEOs can analyze their own organizations career imprint and develop leaders.

Monica Higgins is an associate professor in the Organizational Behavior Unit of Harvard Business School. Her research, published in more than 40 professional articles and case studies, centers on careers, strategic human resource management, and leadership development. She is a member of the Academy of Management and the American Psychological Association.