Business Transformation for
Pharmaceutical, Biotech and Medical Device Companies
Evidence-Based Approach
Operational Improvement
Revenue Growth
Restructuring
Business Transformation Consulting Overview
The high-performing organization is constantly seeking the way to distinguish from others. The Pharmaceutical, Biotech, and medical device company is not an exception. The organization tend to stick with monotone process and hesitate to do something different. Mainly because of insufficient time to do something outside their routine and the risk associated with investing time and resources on something that they are not sure.
This is where Alectena can help your organization through Pharmaceutical, Biotech, medical device business transformation. You might feel something that there is status quo or your organization is not performing as well as you expect. Our experienced experts have been assisting clients to identify the unique asset of business and implement business transformation to revitalize organization.
Our Approach
- Evidence-based approach: The implementation of initiatives for short-term and mid-term results based on quantitative data.
- Operational improvement: Operating productivity, capital efficiency ROCE (Return on Capital Employed) improvement
- Revenue growth: Identifying the “niche” of the product against competition in the market and revitalization of product.
- Organizational Design: Establishment and restructuring of functional and PMO execution strategy.
- Customer centric services: Transforming the way of technical service and reducing the lead time for customer service.
Why Alectena's Business Transformation Works?
The Pharmaceutical, Biotech, and medical device business transformation plays a critical role for the organization today. However, many transformation efforts are based on biases and beliefs rather than quantitative data. The Groupthink is often observed among management. It builds up an inner shell and deter the traffic of information from outside and gives a false sense of security.
Alectena analyzes the qualitative and quantitative data of business and develops optimal solutions for our clients to excel in the industry.
Evidence-Based Business Transformation
Our studies show that many organizations, including those companies possessing flagship products in the market, introduce high standard objectives without having corresponding resources and assets. When this takes place, some employees show tendency to take a passive-aggressive behavior impeding positive changes in many ways and often overlooked by the management.
For example, an employee may demonstrate an attitude to bring up seemingly plausible (but actually not) excuses to avoid certain people or tasks as the way of showing their resentment. As a result, the people around this individual need to find alternative ways to process their tasks. Subsequently, the project execution path and plan are disturbed and even jeopardize critical chain.
The project manager is well aware of this individual’s behavior and how the people around him/her need to work around with. However, the project manager doesn’t have direct authority over this individual and needs to find the alternative way of executing tasks as well. In many cases, the management fails to notice this situation and asks project managers to be more efficient and often repeats question like “how do you motivate stubborn people?”
This is one of the most common phenomenon that the Pharmaceutical, Biotech, and medical device companies undergo. In order to address this issue, Alectena Business Transformation framework reconstruct the program execution in a logical sequence to change the cultural momentum. Our experts set the tangible objectives for individuals, assuring the alignment of corporate objective and scope for the individuals at execution level.