According to the Business Perspectives on Emerging Markets 2012-2017 Report by Global Intelligence Alliance (GIA), Brazil, Russia, India and China (BRIC) will retain their leading positions as the worlds’ top emerging markets for 2012-2017. In a ranking of the top 30 emerging markets international companies plan to target in 2012-2017, most of the non-BRIC emerging markets are in Asia or Latin America, with Indonesia, South Africa, Vietnam, Mexico, Turkey and Argentina ranking highest amongst secondary emerging markets.

With 2012-2017 economic growth projections [by IMF] of 3.7% for Brazil and 3.9% for Russia, compared to 8.5% for China and 7.4% for India for BRIC countries, it would seem that Brazil and Russia are attracting global investment for reasons other than their growth rates, such as their potentially huge domestic markets, natural resources and dominance within their regions.

Management teams are comfortable analyzing and communicating the organization mission, which describes “what” business you are currently in.  There are numerous books, articles, and courses that provide analytics for assessing mission.  Business schools teach several methods and theories for understanding an organization’s mission and translating this understanding into actionable objectives.  Management teams are also adept at incorporating mission into organizational strategies, objectives, and marketing plans.  I propose that an organization’s strategy, objectives, and marketing plans cannot and should not be determined without first articulating a vision.

It all starts with a vision, which describes “why” an organization exists and where it is going.  Developing and communicating a true vision requires an understanding of the ideal future outcome, the unique values of the organization, and the image of this ideal future in which the stakeholders can visualize.  A great example of a vision is the Martin Luther King Jr. speech in the Washington DC Mall in 1963.  However, this article is not about creating a vision, but about the power of a vision in an organization.

By Amy Mills, Cary Miller, and Aaron S. Parker*

The Supreme Court of the United States delivered its much-anticipated and historic ruling in National Federation of Independent Business v. Sebelius today, holding the major provisions of the Patient Protection and Affordable Care Act (Affordable Care Act) to be constitutional. While much of the public debate and commentary focused on the validity of the individual health insurance mandate, the Affordable Care Act also contains important provisions for the development and regulatory approval of biosimilars. Although these provisions were not challenged, questions of severability placed them in jeopardy along with the whole of the Act. Today’s 5-4 Supreme Court decision leaves the Affordable Care Act, including the biosimilars provisions, largely unchanged.

Reduced hiring levels in Outsourcing and Services sector offset by modest gains in Pharma/Biotech and Medical Device.

Overall global hiring within the ZRG Life Science Index was up 3.7% for the quarter, finishing at a 79.1 level, the second highest level over the last 8 quarters. 

Pharma had its highest hiring level in the history of the index (Q2 2010) while the Medical Device sector reversed on two straight quarters of declines by posting a 6.8% rise in hiring. Outsourcing and Services was the only sector with a quarterly decline in hiring activity but remained at near a three year high
 

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