Laboratory or Museum?

Laboratories are dynamic. New instruments are added regularly to enable new tests. Space is reconfigured to adapt to new ways of doing things. Once something is no longer useful, it is removed and replaced with something better. Museums are static. Their purpose is to...
Make vs. Buy

Make vs. Buy

If you’ve taken a class or read a book on business strategy, you’ve likely come across the “outsourcing decision”. In this decision, a business compares the costs and benefits of producing a part or service internally versus the costs and...