A New Generation of Drug Therapies Requires New Business Strategies
Harvard Business
FEBRUARY 27, 2024
The shift to advanced therapeutic modalities (ATMs) promises to change the nature of competition in the pharmaceuticals industry.
7 Ways to Improve Operations Without Sacrificing Worker Safety
Harvard Business
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. At Cummins, Inc.,
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US Market Entry Challenges That Require Overcoming
Business Consulting Agency
OCTOBER 1, 2024
Successfully entering the US market requires navigating a competitive landscape, understanding legal regulations, adapting marketing strategies, and managing operational costs effectively. Regulations can vary significantly from state to state, adding complexity for businesses that plan to operate nationwide.
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Indian Companies Blossom in the US Market
Business Consulting Agency
SEPTEMBER 21, 2023
Diverse Sectors : Indian firms have a presence in diverse sectors, including information technology, pharmaceuticals, manufacturing, and renewable energy. Companies such as Tata Consultancy Services (TCS), Infosys, and Mahindra & Mahindra have established significant operations in the US.
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German Companies Thrive in the US Market
Business Consulting Agency
SEPTEMBER 18, 2023
Diverse Sectors : German companies have established a presence in various sectors, including automotive, manufacturing, technology, and pharmaceuticals. Companies such as Volkswagen, Siemens, and Bayer have significant operations in the US. Job Creation : German firms are known for their contributions to the US labor market.
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British Companies Flourish in the US Market
Business Consulting Agency
SEPTEMBER 11, 2023
Diverse Sectors : British firms have a presence in diverse sectors, including finance, technology, manufacturing, and pharmaceuticals. Companies such as HSBC, BP, and Unilever have established significant operations in the US. Business Plan Development A robust business plan is essential for securing investment and guiding operations.
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Creating a Product Line for Doctors
Business Consulting Agency
NOVEMBER 8, 2023
These products could range from innovative medical devices and equipment to proprietary pharmaceuticals or even educational materials. Scalability allows for increased revenue without proportional increases in operational costs, creating a highly profitable and sustainable venture.
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Brent Saunders on Building a Bold New Allergan
BCG
JUNE 28, 2016
The pharmaceutical industry is coping with regulatory pressure to reign in drug prices and dealing with the expiration of profitable patents. In his two-decade career in the industry, Saunders has gained a reputation as both a deal maker and an operator.
Capturing the MRO Advantage in Manufacturing
BCG
NOVEMBER 23, 2016
Maintenance, repair, and operations (MRO) is a critical area. A pharmaceutical manufacturer reduced the idle time associated with breakdowns through more aggressive spare-part inventory management. MRO spending, which includes expenditures for services and spare parts, ranges from 0.5% of revenues, depending on the industry.
Combatting COVID-19 in Emerging Markets
Tom Spencer
AUGUST 29, 2020
These non-pharmaceutical interventions ( NPI’s ) presented challenges for many workers especially in manufacturing and production industries. To open up emerging economies, certain approaches can be used to maintain day-to-day operations while lowering R. Two of these approaches are described below. Contact Tracing Apps.
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What's Servant Leadership?
Organizational Talent Consulting
MAY 8, 2023
Businesses need leaders able to take action amid economic uncertainty and operate effectively in a digital workplace with a diverse workforce. 7 Dimensions of Servant Leadership Like the operating system on your phone, the leader's inner game values and virtues moderate leadership effectiveness. Kirkwood, C., Shah-Manek, B.,
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Fixing Pharma’s Incentives Problem in the Wake of the U.S. Opioid Crisis
Harvard Business
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.
Research: Innovation Suffers When Drug Companies Merge
Harvard Business
AUGUST 3, 2016
This is especially true in pharmaceutical markets where new and affordable drugs can improve and even save the lives of many people. Therefore, pharmaceutical mergers seem to substantially reduce innovation activities in the relevant market as a whole. That’s why antitrust authorities bear an awesome responsibility.
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Health Systems Need to Completely Reassess How They Manage Costs
Harvard Business
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.
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An Unconventional Path: One Medical Student’s Journey Into Consulting
Tom Spencer
MARCH 10, 2018
I decided to pursue a master’s degree alongside my current training in order to better understand how clinical research played a driving role in the pharmaceutical and medical device business world. I knew that I would enjoy being in boardrooms and the office more than the operating room and clinic.
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84 Lobbyists Are Behind the Rise in Corporate Profits
Harvard Business
MAY 26, 2016
Operating margins for firms publicly listed in the US show a substantial and sustained rise. In a new research paper , I tease apart the factors associated with the growth in corporate valuations relative to assets ( Tobin’s Q ) and the growth in operating margins. Profits are up. Corporate valuations are up as well.
Rule of Small Prices; European Sanction Solidarity Goes Up in Flames: Slovakia "We Can’t Sacrifice Our Interests in the Name of Some Duel"
MishTalk
AUGUST 14, 2014
Pharmaceuticals and medical equipments do not fall under international sanctions but the country is facing shortages of drugs for the treatment of 30 illnesses including cancer, heart and breathing problems, thalassemia and multiple sclerosis (MS) because Iran is not allowed to use the international payment systems.
How Chinese Companies Disrupt Through Business Model Innovation
Harvard Business
JULY 8, 2016
This emphasis on “made for China” is also a peeve of a “returnee” chaired Beijing University professor who pointed out that some returning young Chinese scientists are avoiding new challenges, preferring instead to “continue their advisor’s work.”
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How a U.S. Health Care System Uses 15-Minute Huddles to Keep 23 Hospitals Aligned
Harvard Business
NOVEMBER 29, 2018
In this article, I’d like to share the insights we’ve gleaned from the model’s first full year of operation, which hopefully organizations in health care and many other industries will find useful. On the business side, the escalation process has provided improved visibility into operations.
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Research: Business School Really Does Influence How Students Make Decisions Later On
Harvard Business
AUGUST 8, 2018
As chief executive from 1972 to 1994, Richard Gelb (HBS, 1950) orchestrated Bristol-Myers’ acquisition of Squibb and transformed the firm from a personal care company to a diversified pharmaceutical giant. ” The thinking on diversification later changed, turning into skepticism in the 1970s and outright criticism in the 1980s.
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Survey: People’s Trust Has Declined in Business, Media, Government, and NGOs
Harvard Business
JANUARY 15, 2017
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. For example, 82% of respondents said that the pharmaceutical industry needs greater regulation. Related Video.
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2024 Events for Project Managers, Business Leaders, and Industry Professionals
Epicflow
JANUARY 12, 2024
The event attended will explore the role of tech leaders in fostering positive transformations, addressing ways to bolster operations, tackle difficulties, and achieve concrete business outcomes. In particular, the discussions will focus on the need to adapt latest technological solutions to achieve operational effectiveness.
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What Could Amazon’s Approach to Health Care Look Like?
Harvard Business
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.
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Top 10 Consulting Firms in San Francisco
Management Consulted
MAY 7, 2017
McKinsey’s Bay Area operation consists of two offices: San Francisco and Silicon Valley. However, e mployees at these two offices rave about the energy in the workplace, and Accenture has done a good job of building a culture of mentorship in its Bay Area operation. Deloitte Consulting , 101 Market St.,
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The Globalization Backlash Is Reverberating Through Boardrooms
Harvard Business
OCTOBER 20, 2016
As a practical matter, for example, these changes in the global policy regime are forcing multinational corporations to scale back and sell parts of their international operations. pharmaceutical company, had to abandon its $106 billion attempt to buy British drug maker AstraZeneca in the face of opposition from UK politicians.
Health Care Is an Investment, and the U.S. Should Start Treating It Like One
Harvard Business
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.
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Do Lawyers Make Better CEOs Than MBAs?
Harvard Business
AUGUST 24, 2017
Lawyers are at the helms of banks, biotech companies, high-tech firms, internet startups, and retail outfits, as well as utilities and pharmaceuticals. CEOs with legal training tended to implement more-cautious earnings management policies, especially in industries with high litigation risk, like pharmaceuticals.
4 Autopsies of Big Change Management Failures
LSA Global
APRIL 18, 2017
Borders began as a standard bricks-and-mortar bookstore in Michigan in 1971 and grew to employ almost 20,000 workers before it ceased operations in 2011. Here are a few examples from decades of change management consulting projects of now-defunct organizations that, in order to avoid disaster did not. Autopsy #1 – Borders.
BTS Group Interviews and Culture
Management Consulted
OCTOBER 16, 2016
However, the firm operates in five main practice areas: Assessments, Business Acumen, Leadership Development, Sales Training, and Strategy Execution. Pharmaceutical and Biotech. Fortune 500 and over 30 of the Global Fortune 100 among its clientele. BTS GROUP KEY STATS. BTS Group Website: www.bts.com. Business Acumen. Innovation.
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Innovation Should Be a Top Priority for Boards. So Why Isn’t It?
Harvard Business
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. Just over one-fifth (22%) of boards operating in the IT and telecom industry sought tech expertise when filling their most recent board seat, higher than in any other industry.
The 5 Elements of a Strong Leadership Pipeline
Harvard Business
OCTOBER 6, 2016
And fifth, while these companies do have leadership “programs,” they are embedded in the business, and HR does not operate alone. .” They are inclusive and create an environment where everyone can speak up, so problems are brought to the surface quickly.
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Why Western Digital Firms Have Failed in China
Harvard Business
AUGUST 14, 2018
failure to fully embed operations in China. Despite the differences between the inside view and the outside view, these factors have converged in three clusters: (1) poor understanding of the business environment, (2) ineffective strategy making and communication, and (3) underperformance in operation and execution.
People Think Companies Can’t Do Good and Make Money. Can Companies Prove Them Wrong?
Harvard Business
NOVEMBER 28, 2017
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. What does this mean to people running businesses? However, most consumers are blissfully unaware of them.
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From STEM PhD to Federal Consulting: An Interview with Josh
Management Consulted
OCTOBER 11, 2015
Presently, I am working with a DoD program that is contracting with a company to build and operate a drug/vaccine manufacturing facility. When was the ah-hah moment – when you realized what a great gig government consulting is? What are 3 key insights you wish every STEM professional could know about government consulting?
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100 Bologna Shows How a Business Cluster Can Stay Vibrant for Centuries
Harvard Business
OCTOBER 26, 2017
The innovation of the Bolognese silk makers was to operate the Lucca machine with a hydraulic wheel, instead of by hand. Firms in the cluster design, manufacture, and assemble packaging machinery for a wide range of products, such as baked goods, confectionery, beverages, tea, tobacco, pharmaceuticals, and chemicals.
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28 Fourth Industrial Revolution: Robots, Artificial Intelligence Will Destroy 5.1 Million Jobs by 2020
MishTalk
JANUARY 22, 2016
But gains in financial operations? Bio-engineering critical to pharmaceuticals, plastics and polymers, biofuels. Everything Rosy but Healthcare Curiously, the following chart from the report makes everything look rosy except healthcare. The last column is my set of abbreviated notes, condensed from descriptions in the report.
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What’s Driving Superstar Companies, Industries, and Cities
Harvard Business
OCTOBER 25, 2018
These “superstar” sectors include financial services such as banking, insurance, and asset management, professional services, internet and software, real estate, and pharmaceuticals and medical products. The link between superstar firms, sectors, and cities is complex.
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46 To Survive, Health Care Data Providers Need to Stop Selling Data
Harvard Business
JUNE 14, 2017
The bulk of HCIT investment supports startups that sell data — clinical or operational information that is otherwise difficult for clients to obtain or to organize. How the most innovative providers are creating value. Yet too many HCIT providers are still pursuing that data-centric advantage. Census for information about U.S.
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To Seize the Future, Create a Leadership Circle
Harvard Business
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.
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The First Step to Fixing U.S. Manufacturing
Harvard Business
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. Policy can help through measures like capital access programs, business accelerators, or tax incentives.
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29 The CVS-Aetna Merger Hinges on One Question: What Do Consumers Get Out of It?
Harvard Business
NOVEMBER 7, 2017
In addition, they will argue that their combination will give them power to wrest cost reductions from pharmaceutical suppliers and hospitals. CVS and Aetna will argue that they will avoid such fights if they are under common ownership. All this would benefit their shareholders, but would it also benefit consumers?
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28 The Questions Executives Should Ask About 3D Printing
Harvard Business
APRIL 19, 2016
Imagine the changes afoot in the pharmaceutical, medical device, automotive, and consumer electronics industries. Each of the potential business benefits of 3D printing carries tax implications that could alter the equation for any anticipated operating efficiency or return on investment. Are there operations you would shed?
Excess Management Is Costing the U.S. $3 Trillion Per Year
Harvard Business
SEPTEMBER 5, 2016
Operating decisions are almost entirely decentralized. Nearly all of these practices run counter to conventional banking wisdom, which holds that to be efficient a bank must consolidate operational activities and centralize decision making on matters like pricing and lending. The case of Svenska Handelsbanken is illustrative.
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How to Navigate a Digital Transformation
Harvard Business
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? That includes identifying your current mix of assets and the business model that your asset portfolio creates.
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