Best Practices: Genentech
Best Practices:
Genentech
Considered the founder of the biotechnology industry, Genentech is also leading edge in another area – being consistently recognized as a top employer by Working Mother, Science and Fortune Magazine. In January 2008, Fortune again named Genentech to its “100 Best Companies to Work For” for the tenth year in a row. Because of factors that include culture, perks, employee stock ownership and focus on the patient, Genetech even clinched the top spot in 2006.
Genentech was founded in 1976 by the late venture capitalist Robert A. Swanson and biochemist Dr. Herbert W. Boyer. According to the Genentech company website, in the early 1970s Boyer and geneticist Stanley Cohen pioneered a new scientific field called recombinant DNA technology. Upon learning about this development, Swanson placed a call to Boyer and requested a meeting (Genentech, 2008). Boyer agreed to give the young entrepreneur 10 minutes of his time. Swanson's enthusiasm for the......
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Approximate Word Count: 1698
Approximate Pages: 7 (250 words per double-spaced page)
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