The Horizons Tracker

NOVEMBER 29, 2023

According to a study conducted by the Indiana University Kelley School of Business, diversity in terms of gender, race, and ethnicity has proven to be beneficial for companies operating in the United States. “We looked at their experiences and not just their demographic background—the more functional aspect of diversity.

Diversity 95

Diversity Innovation Biotechnology Short-term 95

Harvard Business Review

JULY 23, 2015

For years, there has been a push within the pharmaceutical industry to move “beyond the pill” — in other words, to build and deploy complementary services and solutions to diversify revenue sources. However, many beyond-the-pill efforts have sputtered or died. In addition, many top pharma customers (payers, etc.)

Pharmaceuticals 8

Pharmaceuticals Health Care Industry Committee 8

Harvard Business Review

APRIL 2, 2018

health care system, ranging from expensive imaging for benign medical conditions to routine pre-operative testing before low-risk surgeries like cataract surgery. Examples of significant investments in low-value care services abound in the U.S. Some research estimates that 42% of Medicare beneficiaries receive some form of low-value care.

Health Care 8

Health Care Insurance Pharmaceuticals Incentives 8

Harvard Business Review

JULY 8, 2016

Xiaomi’s phones are not technologically disruptive in hardware terms, but they are revolutionary in customer experience terms; customers come to expect and appreciate their weekly OS updates. As a result, we have missed China’s transition from displacer to disruptor.

Business Model 10

Business Model Innovation Company Apparel 10

Harvard Business Review

SEPTEMBER 21, 2018

This isn’t all that surprising given the level of innovation activity in these sectors, but directors operating in similarly disrupted sectors should take note. We also found that a focus on innovation tends to go hand in hand with longer-term time horizons. These firms also had higher-rated processes for innovation.

Innovation 10

Innovation Short-term Telecommunications Long-term 10

Harvard Business Review

NOVEMBER 15, 2018

hospitals and health systems experienced an average 39% reduction in their operating margins from 2015 to 2017. Cost reduction requires an honest and thorough reassessment of everything the health system does and ultimately, a change in the organization’s operating culture. PM Images/Getty Images. ” Clearly, more is needed.

Cost 10

Cost System Management Franchising 10

Harvard Business Review

MAY 1, 2014

I learned this while leading a turnaround of NPS Pharmaceuticals , a biotechnology company that now specializes in creating treatments for rare diseases. To save the 20-year-old company, I had to get it operating like a start-up. In the process, I came up with six rules that could also help others change their cultures.

Company 9

Company Pharmaceuticals Biotechnology Short-term 9

Harvard Business Review

JANUARY 15, 2017

In absolute terms the results are troubling for business. In 13 out of 28 countries, business was distrusted and respondents were eager for greater business reform, including potentially more policies hostile to businesses’ license to operate. Just 52% of respondents to our survey said they trust business to do what is right.

Survey 11

Survey Media Globalization Policies 11

Harvard Business Review

MAY 7, 2015

Here’s a conundrum: On the one hand, there’s a consensus among thoughtful business leaders that too many companies are sacrificing long-term growth on the altar of smooth, reliable short-term earnings. HBR: What got you interested in what impact short-term earnings management has on long-term performance?

Short-term 8

Short-term Henderson Long-term Metrics 8

Harvard Business Review

OCTOBER 24, 2017

These have forced AirBnB, Tesla, and Uber to make costly concessions to their operating practices or to exit certain markets altogether. Lobbying for policy reform isn’t much of an answer, because incumbents generally have the benefit of long-term relationships with government agencies built up over many years.

Licensing 9

Licensing Proposal Retail Long-term 9

Harvard Business Review

APRIL 16, 2012

To enhance financial flexibility, companies have been retaining unprecedented amounts of cash on their balance sheets, calling it "strategic" cash to distinguish it from the "operating" cash that is needed to run the business. high technology or pharmaceutical) that are investing in projects with uncertain long-range payoffs.

Company 13

Company Cost of Capital Finance Long-term 13

Harvard Business Review

JULY 28, 2015

How long will recruiters spend on your résumé before deciding to toss it in the recycle bin? Avoid generic terms such as results-driven , proven track record , excellent communication skills , team player. Lead global marketing and commercial operations teams with P&Ls up to $2B.” Avoid generic terms.

Pharmaceuticals 8

Pharmaceuticals Retail Long-term Industry 8

Harvard Business Review

OCTOBER 6, 2016

Second, these companies believe in matrix management and risk taking — both attributes are highly predictive of long-term revenue per employee and gross profit margin. And fifth, while these companies do have leadership “programs,” they are embedded in the business, and HR does not operate alone.

Leadership Pipeline 12

Leadership Pipeline Leadership After Action Review Pharmaceuticals 12

Harvard Business Review

MAY 16, 2011

But most true collaborations cannot be controlled with fixed terms that are defined in advance — they must be managed through relational contracts that allow you to respond flexibly to new information. Sun did briefly maintain an arrangement that it termed an "alliance," one of the few times it used that term publicly.

Software 15

Software Licensing Long-term Telecommunications 15

Harvard Business Review

NOVEMBER 30, 2017

A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. Any long-term, strategic vision for making U.S. But the challenge is bigger than that.

Supply Chain 8

Supply Chain McKinsey Incentives Bottom-up 8

Harvard Business Review

JULY 7, 2011

Many of the best leaders and managers in the business world operate from the Pleaser power style. When they are operating from their strengths, Pleasers can become the glue that holds a positive corporate culture together. Roger, a vice president of sales and marketing in the pharmaceutical industry, was one such Pleaser.

Rogers 14

Rogers Morale Long-term Pharmaceuticals 14

Harvard Business Review

SEPTEMBER 26, 2011

The stock market is short-term-oriented. Furthermore, these actions are taken seemingly without regard to the consequences for the community, the employees, the survival of the company as an institution, or the creation of long-term firm value. Yes, those actions would have boosted short-term earnings. I disagree.

CEO 15

CEO Short-term Long-term Restructuring 15

Harvard Business Review

JUNE 23, 2016

A global pharmaceutical company was about to lose the strategic advantage of several blockbuster drugs coming off patent. While a natural inclination, this group is (by design) representative of current operating units and functions, which often have a status quo to defend. paul Garbett for HBR.

Leadership 10

Leadership Diversity Committee Long-term 10

Harvard Business Review

AUGUST 14, 2018

The term “digital firms” refers to those companies that from their inception have focused on digital services enabled by the internet and related technologies, including mobile. failure to fully embed operations in China. Uber sold its operation to Didi Chuxing. ineffective innovation strategies.

Competitive Advantage 11

Competitive Advantage Business Model Technology Marketing 11

Harvard Business Review

JUNE 22, 2016

For example, do you make and sell things, hire skilled employees and provide services, develop and new IP like software or pharmaceuticals, or build and manage digital networks, be they transactional, informational, or social? Digital transformations, however, face even more risks because they require brand new skill sets and mindsets.

Intangible Assets 10

Intangible Assets Business Model How To Intellectual Capital 10

Harvard Business Review

MARCH 16, 2015

Their concerns fell into three broad categories: talent, operating in a global marketplace, and regulation and legislation. Operating in a Global Marketplace. Eight of the CEOs pointed to the challenges of operating in a fast-paced global marketplace. As a pharmaceutical company, we obviously were part of that whole ecosystem.

CEO 8

CEO Stephenson Pharmaceuticals Globalization 8

Harvard Business Review

AUGUST 2, 2011

And how would we know that we are on the right track if we couldn't define ourselves largely in terms of being better than others? For example, pharmaceutical firms license compounds to each other and co-promote products in different markets. How could we turn off our competitive nature, or use it only at the right times?

Apparel 15

Apparel Pharmaceuticals Finance Licensing 15

Harvard Business Review

OCTOBER 26, 2017

She recommends explaining your interest in terms of your career objectives.” ” The hiring manager might assume you’ll be bored and won’t stay long. She recommends a longer-term approach. “I think she was impressed both with my confidence and my desire to be a long-term employee.”

How To 13

How To Long-term Marketing Case Study 13

Harvard Business Review

MARCH 21, 2018

These kinds of statements speak to a leader’s choice of values, and a failure to understand the relationships between a safe work environment and operational performance. The reality is that virtually all workplace injuries are preventable, and safety management and operational excellence are intimately linked.

Operations 16

Operations Chemicals CEO Metrics 16

Harvard Business Review

JANUARY 8, 2016

Using ethical practices in various ways can bring serious legal consequences and long-term damages, as reflected in the not-so-distant scandals of GlaxoSmithKline and other multinational pharmaceutical companies operating in China.

Ethics 8

Ethics Tactics Reputation Participative 8

Harvard Business Review

FEBRUARY 24, 2015

But a study from 1999 found that long-run performance of both the former parent company and the divested unit is strongly positive, provided that the spin-off increases the company’s focus. A detailed roadmap should outline how it will become autonomous in terms of revenues and/or access to central services.

Chemicals 8

Chemicals How To Kahneman Reputation 8

Harvard Business Review

JANUARY 31, 2013

Overall demand is fragmenting, both geographically and in terms of what customers require — more options, faster product cycles, more customization and after-sale service. Pharmaceutical companies are mastering bio-engineering techniques that will help develop personalized medicines. Demand is Shifting. but also the risks.

Globalization 9

Globalization Supply Chain Pharmaceuticals McKinsey 9

Harvard Business Review

OCTOBER 13, 2014

When pharmaceutical companies conduct clinical trials to test the safety and efficacy of their drugs as part of the process for obtaining regulatory approval, some patients receive the drug and others some standard existing treatment or a sugar pill (placebo). Change management Human resources Operations'

Flextime 11

Flextime Call Center Human Resources CRM 11

Harvard Business Review

FEBRUARY 4, 2013

The oft-cited CEO of Unilever, Paul Polman, announced the company's Sustainable Living Plan , saying to investors: "if you don't buy into [our long-term value model], I respect you as a human being, but don't put your money in our company.". Perhaps surprisingly, two leading examples come from pharmaceutical companies.

EPS 8

EPS Innovation CEO Pharmaceuticals 8

Harvard Business Review

NOVEMBER 28, 2017

Making them think about profit in the long run had little effect. Doing so entails operating more efficiently or innovating to create products that consumers value more. Anyone who owns or operates a business is well acquainted with the risks, sacrifices, and competitive pressures involved.

Company 8

Company Short-term Long-term Price 8

Harvard Business Review

JUNE 12, 2018

For example, customers irritated with long wait times can be delivered special deals to keep them from switching to other stores. However, adding location data for monitoring consumer behavior makes the firm’s responses more actionable in the short run and adds value in the long run.

Short-term 8

Short-term Brand Long-term Media 8

Harvard Business Review

SEPTEMBER 19, 2016

Imagine, for example, that you’re a pharmaceutical CEO deciding whether to recall a new drug. It is a simple, clear, and highly useful criterion — for routine decisions in businesses operating in competitive markets and with sound legal systems. How should you make this decision?

ROI 8

ROI Long-term Conflict of Interest Pharmaceuticals 8

Harvard Business Review

FEBRUARY 6, 2018

Consider its decision to pursue the market for pharmaceutical distribution, or the recent announcement that it will be teaming up with Berkshire Hathaway and JP Morgan Chase to create joint solutions for reducing the health care spending of more than 1 million employees and their families. This latest move has engendered robust debate.

Health Care 10

Health Care Retail Operations Insurance 10

Harvard Business Review

MAY 10, 2013

Such a pattern is well established in the pharmaceutical industry as large established firms partner with smaller biotech firms. As Dell''s public statements have pronounced, these changes will reduce near-term profitability, raise operating and capital expenditures and involve a lot of risk. So we are left with a quandary.

Venture Capitalist 8

Venture Capitalist Restructuring Competitive Advantage Short-term 8

Harvard Business Review

JULY 12, 2011

Long term commitment in a world where the technology is advancing almost on a daily basis is difficult to maintain. The long-standing exclusive arrangement between Xerox and Fuji Photo Film in Japan is one example; pharmaceutical licensing across markets is another. So it has a place in partnership strategy.

Management 11

Management Airlines How To Pharmaceuticals 11

Harvard Business Review

NOVEMBER 21, 2013

Wyeth, a pharmaceutical acquired by Pfizer in 2009, was the sole supplier of Premarin. A series of patents were issued on the drug in the 1940s, but long after they had expired, there were still no generic competitors on the market. The key ingredient in Premarin is conjugated estrogens extracted from pregnant mare urine. That’s right.

Intangible Assets 8

Intangible Assets Merchandising Innovation Pharmaceuticals 8

Harvard Business Review

JUNE 24, 2015

Finally, under the harsh conditions of a renewal environment, a firm needs to first conserve and free up resources to ensure its viability and then go on to choose one of the other four approaches to rejuvenate growth and ensure long-term prosperity. • Adaptive: Be fast. • Visionary: Be first. • Renewal: Be viable.

Strategy 8

Strategy Competitive Advantage Environment Execution 8