INNOVATION LEADERSHIP
This healthcare leader beat the competition to final submission, but they experienced internal benefits as well. Redundancy was eliminated across departments and there was a noticeable improvement in overall employee engagement.
In the pharma industry, there are two immutable truths:
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It takes seven years to bring a new product from conception to market, and
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Whoever gets there first makes the most money.
Even though this global healthcare organization had a superior product, its main competitor was a year ahead in the race to market. They needed execution strategies that shaved off time without compromising quality and regulatory compliance..
Bob Walters was engaged to develop a solution that could accelerate the production process without undermining the essential clinical research process. Using other clients as a benchmark, Bob was able to identify choke points in the process where the company could recoup time through workflow redesign, talent acquisition and clinical and regulatory review requirements and deadlines. He instituted a number of simultaneous innovations:
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Rotating functional teams
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Electronic status updates to actual and virtual members
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Executing simultaneous work streams
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Modernizing product review methods
They needed to shave one year off of a practically immutable production timetable to see any ROI.
Business Challenge
Pharmaceutical Manufacturing
Daring to Draw First Blood
