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Growing Global: Learning Locations in the Life Sciences

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  • Susan Walcott

Abstract

This research explores the role of place in corporate location strategy by following the global footsteps of pharmaceutical giant Eli Lilly and Company. Examining a life science company model whose acquisitions strongly affected industry strategy provides examples of place characteristics modifying high tech corporate strategy in four very different metropolitan areas: Indianapolis, Research Triangle, San Diego and Shanghai. Targeted interviews explore institutional, human, and place features. This case study illustrates why choosing the best learning location—where both structured and informal information exchange networks can nurture companies—is key to achieving competitive advantage through site selection.

Suggested Citation

  • Susan Walcott, 2001. "Growing Global: Learning Locations in the Life Sciences," Growth and Change, Wiley Blackwell, vol. 32(4), pages 511-532.
    • Handle: RePEc:bla:growch:v:32:y:2001:i:4:p:511-532
    DOI: 10.1111/0017-4815.00173
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    Cited by:

    1. Pantzalis, Christos & Park, Jung Chul, 2014. "Too close for comfort? Geographic propinquity to political power and stock returns," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 57-78.
    2. Francis, Bill B. & Hasan, Iftekhar & John, Kose & Waisman, Maya, 2016. "Urban Agglomeration and CEO Compensation," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 51(6), pages 1925-1953, December.
    3. Ramesh Govindaraj & Gnanaraj Chellaraj, 2002. "The Indian Pharmaceutical Sector : Issues and Options for Health Sector Reform," World Bank Publications - Books, The World Bank Group, number 15231.
    4. repec:zbw:bofrdp:2012_017 is not listed on IDEAS
    5. Hao-Chen Huang & Hsin-Yin Chang & Ting-Hsiu Liao, 2023. "Analyzing the Impact of the Labor Market on Company Location Selection Using Spatial Econometric Models," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 13(6), pages 1-9.
    6. Weiping Wu, 2005. "Dynamic cities and creative clusters," Policy Research Working Paper Series 3509, The World Bank.
    7. Francis, Bill & Hasan, Iftekhar & John, Kose & Waisman, Maya, 2012. "Urban agglomeration and CEO compensation," Bank of Finland Research Discussion Papers 17/2012, Bank of Finland.
    8. William A. Testa, 2006. "Headquarters Research and Implications for Local Development," Economic Development Quarterly, , vol. 20(2), pages 111-116, May.

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