Harvard Business Review

JUNE 13, 2016

Since 1999, three years after OxyContin was unveiled by Purdue Pharmaceuticals, the rate of drug overdoses in the U.S. Meanwhile, the amount of prescription opioids sold by pharmaceutical companies has quadrupled, despite no proliferation in the amount of reported pain. And what can we learn from it? Commercial.

Incentives 8

Incentives Pharmaceuticals Crisis P&L 8

Harvard Business Review

NOVEMBER 29, 2018

They include potential serious safety events that could have harmed a patient, caregiver injuries, and reported downtimes (of equipment, elevators, systems or processes, for example). The process provides three key qualities — clarity, alignment and accountability — for patients and caregivers alike.

Health Care 11

Health Care System Metrics Report 11

Harvard Business Review

OCTOBER 23, 2014

Actors in this ecosystem are increasingly working together rather than handing off information or tasks to the next entity in a linear process. That’s why pharmaceutical, biotechnology, and medical device companies need to define their relevance in this new health care ecosystem, and soon. They’re also sharing risk. But not for long.

Health Care 8

Health Care Pharmaceuticals Information Technology Supply Chain 8

Harvard Business Review

APRIL 2, 2018

We invest billions of dollars each year in medicines, new technologies, doctors, and hospitals—all with the goal of improving health, arguably our most prized commodity. Examples of significant investments in low-value care services abound in the U.S. rawpixel/Getty Images. Yet, investments in the U.S. For instance, the U.S.

Health Care 8

Health Care Insurance Pharmaceuticals Incentives 8

Harvard Business Review

FEBRUARY 29, 2016

Following the Challenger explosion, NASA did take concrete steps to correct flawed organizational processes. For example, it increased both the number and status of safety personnel, and it strengthened safety operating procedures. ” Over time, though, several processes promote gradual forgetting.

Organization 8

Organization McCombs Pharmaceuticals Learning-by-Doing 8

Harvard Business Review

OCTOBER 13, 2011

Bank marketing materials focus on the dreams, anxieties and goals of consumers. Risk management processes don't — but they should. The pharmaceutical industry also creates products with complex interactions and potentially dangerous side effects. Here, the protocols from other industries can provide some insight.

Banking 11

Banking Pharmaceuticals Microfinance Risk Management 11

Harvard Business Review

JUNE 8, 2015

Pharmaceutical companies, buffeted by regulatory changes, new drug technologies that alter entry barriers and competition, price pressures, and an estimated 300,000 job cuts since 2000, seem to fit the popular narrative of large organizations unable to deal with disruptive forces. The translation involves people and processes.

Health Care 8

Health Care Venture Capitalist Strategic Fit Pharmaceuticals 8

Harvard Business Review

MARCH 24, 2017

The process is arduous, negotiations are tough, and you’re working against a tight deadline. This is just one example of pressures that unfortunately are all too common in business. Most companies talk a good ethics game and even make their goals public. Wells Fargo, for example, discouraged sham-account fraud.

Ethics 8

Ethics Company Incentives Policies 8

Harvard Business Review

NOVEMBER 3, 2014

But today, executive coaching is often viewed as a strategic investment in human capital – a perk reserved for employees with high potential — and managers have realized that they need to participate in the process. But when you do so, be sure to emphasize professional development goals.

Participative 8

Participative 360-Degree Feedback Executive Coaching How To 8

Harvard Business Review

JUNE 22, 2016

But shifting a firm’s asset portfolio is a lengthy process and is fraught with uncertainty for leaders comfortable with older asset types. Although the transformation will look a little different in every organization, we use a five-step process called PIVOT with our clients. The first step is to pinpoint your starting place.

Intangible Assets 10

Intangible Assets Business Model How To Intellectual Capital 10

Harvard Business Review

NOVEMBER 3, 2014

But today, executive coaching is often viewed as a strategic investment in human capital – a perk reserved for employees with high potential — and managers have realized that they need to participate in the process. But when you do so, be sure to emphasize professional development goals.

Participative 8

Participative 360-Degree Feedback Executive Coaching How To 8

Harvard Business Review

APRIL 5, 2012

Consider just a few examples. The business had ambitious revenue growth goals, and sales leaders wanted to focus sales efforts on the most attractive opportunities. For example: • Sales force strategy and scale. For example: • Targeting. Incentive compensation, goal setting, and recognition. Sales force deployment.

Retail 9

Retail Incentives Tactics Pharmaceuticals 9

Harvard Business Review

MAY 11, 2017

But we hear this kind of thing all the time from leaders in industries as varied as financial services, education, pharmaceuticals, and health care. Other researchers agree (see here , here , and here for examples): Expressing empathy produces physiological effects that calm us in the moment and strengthen our long-term sustainability.

Stress 15

Stress Health Care Emotional Intelligence Pharmaceuticals 15

Harvard Business Review

MARCH 6, 2012

For the pharmaceutical industry to remain financially viable, for example, we need scientists who can not only develop new life-saving medicines, but who can do it in a time- and cost-efficient manner. The process-driven approach currently relied on in schools can lead to excessive focus on one aspect of science.

Education 12

Education Creativity How To Pharmaceuticals 12

Chartered Management Institute

FEBRUARY 26, 2024

Our lives are full of multiple interdependent decisions as we try to navigate complex interactions with multiple competing goals. Since founding the Human Diver in 2016, Gareth has given risk training to a wide variety of organisations, from oil and gas and construction to pharmaceuticals and software.

Uncertainty 52

Uncertainty Risk Management Training Compliance 52

Harvard Business Review

MARCH 4, 2014

Recruited by a pharmaceutical firm he rose quickly through the ranks, joining the executive team in record time. He gave as an example a professor who cherished a wish to succeed his teacher. For example, how did he envision success? An Ivy League graduate, he had joined one of the premier consulting firms as an associate.

Cost-Benefit Analysis 9

Cost-Benefit Analysis Pharmaceuticals CEO Sports 9

Harvard Business Review

JUNE 20, 2017

Prasad, CEO of Dr. Reddy’s, a 33-year-old global pharmaceutical company headquartered in India that produces affordable generic medication. The goal was to demonstrate this idea in action, not talk about it. For example, “Secondhand smoking kills. Dr. Reddy’s: A Movement-Minded Case Study.

Company 15

Company Agility Innovation Learning-by-Doing 15

Harvard Business Review

OCTOBER 23, 2017

This data can then feed into a predictive model, helping us know with precision the actions that are going to accelerate adoption of a new practice, process, or behavior by a given employee group. However, when it comes to change, few track performance from project to project beyond knowing which ones met their goals.

Company 8

Company Management Metrics Tools 8

Harvard Business Review

MAY 1, 2013

While currently crippled by inadequate infrastructure in many countries, low- and middle-income countries will be the fastest-growing markets for pharmaceuticals and medical devices over the next decade. Partnerships are rarely straightforward, and determining underlying needs for program beneficiaries is often part of the process.

Health Care 8

Health Care ROI NGO Long-term 8

Harvard Business Review

MAY 18, 2015

Consider the following examples: In 2007-2008, a former Credit Suisse Group AG trader committed wire fraud and manipulated the books on mortgage-backed securities to enhance performance and boost year-end bonuses. His own research on lying, for example, shows that only a few people lie all the time, but almost everyone lies somewhat.

Compliance 8

Compliance Company Self-aware Ethics 8

Harvard Business Review

NOVEMBER 25, 2015

3) What processes in an organization affect culture? For example, a teacher driven by purpose values or identifies with the goal of educating and empowering children. For example, a teacher with potential may be doing his job because he eventually wants to become a principal. Take for example the airline industry.

Motivation 8

Motivation Company Airlines Learning-by-Doing 8

Harvard Business Review

OCTOBER 3, 2013

For example, when entrepreneurs talk about it, they are usually struggling with matters of organization. Even more tricky, they had to learn to articulate something that had been tacit: a shared understanding of goals, culture, and what it takes to succeed at Citrus Lane. hospitals of the importance of some simple practices (e.g.,

Pharmaceuticals 8

Pharmaceuticals Seminar Learning-by-Doing Open-book 8

Harvard Business Review

JANUARY 30, 2014

Instead of supporting employees already undertaking their own self-improvement plans and encouraging others to start them, wellness has morphed in many directions that increasingly overlook or even conflict with that original goal. For example, USPSTF recommends screening generally healthy adults for cholesterol disorders every five years.

Human Resources 10

Human Resources Guidelines Morale Insurance 10

Harvard Business Review

JUNE 29, 2015

Second, the main goal of PE investors is to increase a firm’s value so that it can be sold for profit. “Since not all innovations are patented, it would also be interesting to analyze different types of innovation outputs, like new products and processes.” First, the effects on employment are mixed.

LBO 8

LBO Innovation Sample Short-term 8

Harvard Business Review

JUNE 16, 2016

Innovating the Innovation Process. In battery research, for example, scientists have long focused on finding materials with greater energy density. Draetta of IACS has found many of the same issues arise in pharmaceutical research. “But here, we can operate within the time frame of the next coffee break.”

Technology 8

Technology Venture Capitalist Supply Chain Innovation 8

Harvard Business Review

MAY 16, 2011

Here are a few examples that illustrate the range of options in external collaboration: • Chevron and Weyerhaeuser are collaborating to find ways to produce cellulosic ethanol, gasoline, and diesel from woody biomass. Most major pharmaceutical companies are well-known for their joint R&D deals with biotech start-ups.

Software 16

Software Licensing Long-term Telecommunications 16

Harvard Business Review

APRIL 22, 2013

For example, you might think that your wife wants you home for dinner, when in fact it''s the morning routine — getting the kids up and off to school — that is actually important to her as she is also trying to get to work early. Here are some examples of men who''ve done so.

Delegation 9

Delegation Commitment Learning-by-Doing Bottom-up 9

Harvard Business Review

MARCH 21, 2018

One example of this sticks in my mind. The culmination was an incident at an insecticide plant in LaPorte, Texas, where, as a result of a basic process safety management failure , an extremely toxic chemical—methyl mercaptan—was released and two workers were overcome. At Cummins, Inc., Focus on leading indicators.

Operations 17

Operations Chemicals CEO Metrics 17

Harvard Business Review

OCTOBER 27, 2014

I studied large-scale change and innovation efforts in 56 randomly selected companies in the high-tech, retail, pharmaceutical, banking, automotive, insurance, energy, non-profit, and health care industries. But they recognize that they — and the organization — need a process to help them reach their goals.

Middle Management 14

Middle Management Six Sigma Taylorism Taylor 14

Harvard Business Review

JUNE 12, 2018

For example, a store like Macy’s can build its presence on a beacon platform that can be downloaded by shoppers as a mobile app. For example, Placed is a firm that provides in-store attribution analysis representing consumer visits to physical store locations.

Short-term 8

Short-term Brand Long-term Media 8

Strategy Driven

JANUARY 24, 2011

BP provides a devastating example of what can happen when this isn’t the case. Shared goals and clearly defined roles provide the foundation upon which cooperation and coordination can be built. For example, some of Toyota’s former U.S. That said, yet another change management process or program is not the solution.

Execution 67

Execution Company 360-Degree Feedback Cooper 67

Harvard Business Review

SEPTEMBER 5, 2016

GE’s Durham plant, to take a dramatic example, employs more than 300 technicians and a single supervisor: the plant manager. A myriad of studies have documented the time lost to low-value management processes, from budgeting to the performance review. The goal, of course, isn’t to put 21.4 Doing so would free up 12.5

Cost 8

Cost Bureaucracy GDP Management 8

Harvard Business Review

JUNE 23, 2015

” This is just one example of the dysfunction that exists in cross-functional teams. maintaining alignment with the company’s corporate goals. For example, if the PGT includes vice presidents of engineering, design, marketing and product, a project team could include managers and directors from those functions.

Team 8

Team Project Software Engineering 8

Harvard Business Review

NOVEMBER 3, 2017

However, beyond the strategic goal of becoming an industry leader in terms of cost structure, there was no “story” for how this effort would complement the business’s broader ambitions. Take the example of a global industrial products company that was in the early stages of implementing a growth strategy.

Execution 14

Execution Strategy Decentralization Short-term 14

Harvard Business Review

MAY 17, 2016

An example is the Monday Meeting used by L Brands, the company run by Les Wexner, cited by HBR last year as the CEO with the best unadjusted financial performance in the world. Yet, as companies grow, promotions fall in line with corporate processes, complex “balanced” scorecards of performance, and regression to the mean.

Execution 10

Execution Bureaucracy Self-aware CEO 10

Harvard Business Review

APRIL 7, 2017

Food and Drug Administration (FDA) announced its approval of nusinersen (sold as “Spinraza”), an effective SMA treatment licensed to Biogen by Ionis Pharmaceuticals. The NHS is likely to impose care rationing because of escalating health and pharmaceutical costs. In December, the U.S.

Health Care 11

Health Care Cost System Pharmaceuticals 11

Harvard Business Review

OCTOBER 8, 2013

Today, payers and providers are using a range of strategies to accomplish this goal, including patient-centered medical homes , value-based contracting , and accountable care organizations (ACOs). pharmaceuticals, physical therapy, skilled nursing facility care). The vexing question is how best to make this transition. The Advantages.

Health Care 8

Health Care Cost Analysis Competitive Advantage 8