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  "documentTitle": "Bristol-Myers Squibb Company (BMY)",
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  "notes": "Uses a testimonial to validate the structural inefficiency.",
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      "text": "With a more efficient R&D process, we believe Bristol-Myers could accelerate innovation and reduce costs",
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      "text": "Based on our conversations with former Bristol-Myers R&D executives, as well as former executives at best-in-class peers, we believe Bristol-Myers' R&D approval process results in too many unnecessary steps, resulting in inefficiencies and excess costs.",
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      "text": "I would have to go through at least five layers [at Bristol-Myers], whereas I would have to go through three layers at a different company to do the same thing. This would result in the same process taking 4-6 months at Bristol versus 1-2 months at [peers].",
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      "text": "I would have to go through at least five layers [at Bristol-Myers], whereas I would have to go through three layers at a different company to do the same thing. This would result in the same process taking 4-6 months at Bristol versus 1-2 months at [peers]. — Former Bristol-Myers Executive",
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