Prioritizing R&D at Baxter Healthcare
Baxter Healthcare invests nearly $1 billion annually on innovative science to develop specialty therapies and medical products. To better assess the tradeoffs required in R&D decision-making, Baxter developed a portfolio system that captures technical and commercial uncertainty in R&D investments.
Using spreadsheets, decision analysis software, and an efficient web-based data collection tool, the SPRINT portfolio system allows R&D managers to achieve financial rigor and insights into the tradeoffs required in R&D decision-making.
Top Award Winner at the Annual
INFORMS DA Society Meeting
Our featured speaker, Phil Beccue, is Director of Strategy and Portfolio Management at Baxter. He first gave this presentation at the 2009 meeting of the Institute for Operations Research and the Management Sciences (INFORMS), where it won the annual award for the the best application of decision analysis. This webinar is one in a continuing series of "Best in Class" decision practices, brought to you by the Stanford Center for Professional Development and Strategic Decisions Group.
