Tag: Life Sciences and Health Care

Improving Organizational Effectiveness to Keep Pace with An Evolving Market Landscape

Before we dive into actual strategies for improving organizational effectiveness, let’s take a moment to define and de-mystify this trendy term. At its core, organizational effectiveness is simple – it’s the ability of a group to meet its objectives and goals.  Through this lens, the concept is fairly straight-forward.  However,...

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Friends or Enemies: Process Improvement and Innovation in the Pharmaceutical Industry

“Process stifling our innovation”!  “These extra meetings slow down our decision-making”! “Project management is distracting us from the real work that needs to get done”! “We have zero flexibility”! Unfortunately, these are commonly held beliefs in many organizations that believe having process discipline and rigor negatively impact productivity.  Consider what...

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Street Talk: A Mid-Year Review of Challenges and Trends

Over the last six months, members of the TayganPoint team have been both speaking at and attending a variety of conferences in the area of Life Sciences, Health Care, Shared Services, Regulatory and Technology Advancement.  During our travels, we’ve encountered a number of emerging trends we feel are worth sharing. ...

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The Hammers and Nails of R&D Portfolio Management:  A Fool With a Tool is Still a Fool 

After attending a recent R&D portfolio and resource management conference, and listening to presenters from both large, established, and rising star pharmaceutical companies and life science organizations, we were surprised to hear how many companies were grappling with issues related to transparency and consistency of data, the ability to drive...

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4 Key Dynamics that will Change the Healthcare Industry

The changing healthcare ecosystem: What’s different now – Parties who have historically been separate, such as managed care and providers or sub-sectors within the provider universe, are coming together in different ways. Increasingly, positioning within the healthcare market will be driven by consolidation, particularly as disruptive forces, like the evolution towards...

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Eliminating Silos: Embracing Customer Centricity in Drug Development

“Customer centricity”, “patient engagement”, and “patient-focus” are popular buzzwords in the pharmaceutical industry as companies try to adapt to an ever-evolving customer landscape.  It’s been predicted that patient engagement is the next big movement in the industry – and it truly is.  Of course, there are multiple approaches to ensuring...

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Why Shared Services for IT: 5 Benefits for Greater Efficiencies

Over the course of the last several decades, large companies have sought to control costs and improve service quality by consolidating business support operations into a single shared service organization. Specifically within the Life Sciences industry, major product patent expirations are reducing cash flow and decreasing revenues, leaving companies with...

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