BSM Lean Consultants’ Post

"None of us is as smart as all of us." - @KenBlanchard This quote has resonated with me since I first read "The One Minute Manager" many years ago. It encapsulates the essence of effective leadership and management in the pharmaceutical sector - collaboration, collective intelligence, and teamwork. In the complex world of pharmaceuticals, where innovation, regulation, and patient safety intersect, it's crucial to remember that our strength lies in our diversity of thought and expertise. We are at our best when we harness the collective intelligence of our teams, fostering an environment where every voice is heard, every idea is valued, and every team member is empowered. "The One Minute Manager" taught me that effective management is not about being the smartest person in the room. It's about creating a space where everyone can contribute their unique insights and expertise to solve complex problems and drive innovation. As we continue to navigate the challenges and opportunities in our industry, let's remember that our collective wisdom is our greatest asset. Let's continue to learn from each other, grow together, and create a healthier world. #PharmaceuticalLeadership #Teamwork #Innovation #CollectiveIntelligence #OneMinuteManager

Approach for Product Portfolio Management: Is There a Perfect Approach? In the competitive landscape of the pharmaceutical industry, managing a product portfolio is a critical task that can determine a company's long-term success. A pharmaceutical company may face the challenge of evaluating and selecting a portfolio strategy, weighing the options between a Unified “One size for All” and a Localized Approach “Clustering”. Which of these strategies holds more promise, and what potential pitfalls should be considered? Is there a perfect approach? The unified and localized approaches have their unique advantages and disadvantages. A unified approach offers consistency, efficiency, and cost savings, making it suitable for companies looking to establish a strong global presence with streamlined operations. However, it may lack the specificity and cultural sensitivity needed to thrive in diverse markets. Conversely, a localized approach provides market specificity, cultural relevance, and regulatory alignment, making it ideal for companies aiming to maximize their impact in individual markets. However, this comes at the cost of increased complexity, higher expenses, and potentially slower decision-making. The Unified Approach offers several benefits, including consistency, efficiency, and economies of Scale. However, it also comes with downsides such as a lack of market specificity, cultural insensitivity, and regulatory risks. On the other hand, the Localized Approach provides advantages like market specificity, cultural relevance, and regulatory compliance. Yet, it has its own set of drawbacks, namely increased complexity, higher costs, and slower decision-making. Ultimately, the choice between a unified and localized approach should be based on the company's strategic goals, market conditions, and available resources. In some cases, a hybrid strategy that combines elements of both approaches may offer the best balance, allowing companies to maintain global consistency while adapting to local market needs. #productportfolio #pharmaportfolio #pharmatrends #pharmastrategy #pharmamanagement #portfoliomanagement #productdevelopment #futurestrategy #marketaccess #innovations

The key steps to delivering a coordinated change program for a global pharmaceutical client: 1. Establishing a Transformation Office: Coordinating global initiatives and identifying synergies and interdependencies. 2. Detailed Workstream Planning: Crafting and executing detailed plans for global functions, enabling collaborative teams to achieve project milestones. 3. Delivering an ambitious Change Management: Collaborating on a robust plan with an engaging narrative, communication calendars, and training programs to drive successful change. The results? Implementing a new, more dynamic organization globally empowered to achieve faster product development and a more efficient infrastructure to bring products to market. #pharma #lifesciences #consulting #independentconsulting

According to McKinsey, pharma companies have been trying to boost productivity for over twenty years. It's clear why - top performers are more than twice as productive as others.   A major contributor to low productivity is an inefficient operating model, often caused by duplicated efforts and tensions between functions and teams. Read our case study to see how Insocius partnered with a leading biopharma company to bring two functions together and create a launch runway operating model for a critical asset nearing FDA approval. Interested in learning more? Leave a comment below to receive a summary of our offer!👇 #pharma #lifesciences #performance #productivity #change #transformation #operatingmodel #teamalignment

To find out how to spot that your operating model is undermining your business, function or team's performance, please DM me or comment on our post, and we'll send you more info. Thanks! #performance #operatingmodel #transformation

Learn about the complexities of sustainability leadership in the pharmaceutical industry! Pharma, as one of the world's largest industries, plays a significant role in shaping the health of both individuals and economies. Amrop's comprehensive report delves into the challenges, environmental impact, and the search for seasoned professionals to lead transformative change. Explore the successful strategies that led to the hiring of a dynamic executive, from trust issues to the evolving role of sustainability. Read the full report at https://bit.ly/49Qe9rF #amrop #amropportugal #executivesearch #leadershipsolutions #boardservices #csuite #sustainability #leadership #pharma

[Daily Case Analysis] Let's sharpen your strategic thinking skills 🧠 Consider this: A global pharmaceutical company has been grappling with stagnant Total Shareholder Value (TSV) for the past five years. What's the challenge? Despite consistent revenue growth and successful new product launches, the organization's TSV has not seen proportional growth. The company is seeking strategies to enhance its TSV and deliver higher returns to its shareholders. How would you approach this situation? Here's our analysis: https://lnkd.in/esSka3Wf What did we leave out? Leave your thoughts, advice, and critique below. 👇 Follow for more daily case studies! #casestudy #shareholdervalue #shareholdervalueanalysis #maximizingshareholdervalue #valuecreation #totalshareholdervalue #management #strategy #consulting #leadership

[Daily Case Analysis] Let's sharpen your strategic thinking skills 🧠 Consider this: A global pharmaceutical company has been grappling with stagnant Total Shareholder Value (TSV) for the past five years. What's the challenge? Despite consistent revenue growth and successful new product launches, the organization's TSV has not seen proportional growth. The company is seeking strategies to enhance its TSV and deliver higher returns to its shareholders. How would you approach this situation? Here's our analysis: https://lnkd.in/esSka3Wf What did we leave out? Leave your thoughts, advice, and critique below. 👇 Follow for more daily case studies! #casestudy #shareholdervalue #shareholdervalueanalysis #maximizingshareholdervalue #valuecreation #totalshareholdervalue #management #strategy #consulting #leadership

[Daily Case Analysis] Let's sharpen your strategic thinking skills 🧠 Consider this: A global pharmaceutical company has been grappling with stagnant Total Shareholder Value (TSV) for the past five years. What's the challenge? Despite consistent revenue growth and successful new product launches, the organization's TSV has not seen proportional growth. The company is seeking strategies to enhance its TSV and deliver higher returns to its shareholders. How would you approach this situation? Here's our analysis: https://lnkd.in/esSka3Wf What did we leave out? Leave your thoughts, advice, and critique below. 👇 Follow for more daily case studies! #casestudy #shareholdervalue #shareholdervalueanalysis #maximizingshareholdervalue #valuecreation #totalshareholdervalue #management #strategy #consulting #leadership