Thermofisher Talk Analysis

In the Thermofisher talk by Jennifer Deluce one of the aspects of her talk that was particularly interesting was the fact that even though Thermofisher is a biotechnological company it also relies on some of business aspects to stay afloat. From an academic perspective competition is always out there and they can take away how much potential revenue you make. According to the presentation Deluce’s stats state that Thermofisher makes 18 billion in revenue which allows them to do all sorts of stuff like research and development and hire over fifty five thousand employees which helps the company find better tools to research and develop new tools. They us over 700 million of dollars on research which is important for Thermofisher is important because it allows for them to create new and better technology. One of the types of technology that she had was a pipette. We had used pipettes in the PGLO lab at the beginning of the semester so that means that these devices are sought out by lots of …show more content…
They have merged or have acquired a ton of companies and I looked on Wikipedia and the list goes on. The importance of getting rid of your competition not only allows for a company like Thermofisher to gain more revenue it helps them get that unmatched depth that she talked about. The unmatched depth she described was about them being the leading innovative technologies, application expertise, lab productivity partners and a world-class logistics management. They were able to develop all these qualities over time and whenever competition got in the way Thermofisher made sure to find a way to acquire them which then helps both companies since Thermofisher becomes stronger, gain new expertise the one they talk about having and then other big competitors have to worry more because that means they have more new people to help them devise and create new and better