Navigation Links
Creating Effective Cross-Functional Teams for Pharmaceutical Commercialization Success
Date:9/27/2007

CHAPEL HILL, N.C., Sept. 27 /PRNewswire/ -- An effective cross-functional team lays the groundwork for a new pharmaceutical product's success in the marketplace, both initially and long-term. Leading pharma companies calculate that the various activities of a cross-functional team are responsible for half of a drug's success with the other half embedded in the biological attributes of the compound, according to a study by Best Practices, LLC.

The report, "Managing Cross-Functional Teams for Pharmaceutical Product Commercialization Excellence," provides insight into best-in-class practices that leading firms use to establish effective cross-functional teams, such as empowering teams to make key decisions and teams following well-established, standardized processes.

To download a summary of the study, go to http://www3.best-in-class.com/rr858.htm. This research will give valuable information to help executives build and manage productive cross-functional teams.

For instance, companies in the study noted that they had found benefit in moving various marketing activities up in the development schedule to help understand market needs early on. A sample of study participants found that teams averaged .5 marketing FTEs at pre-clinical, 1.8 marketing FTEs at Phase II and 5.6 marketing FTEs at launch, according to the study.

Study participants included Amgen, Novartis, GlaxoSmithKline, Merck and Johnson and Johnson. Findings were based on a two-pronged research approach: benchmark surveys that gathered quantitative insights from more than 49 companies and in-depth interviews with directors and managers involved with managing teams across units, functions or countries.

This benchmarking report highlights the following areas of cross- functional team management:

-- Cross-Functional Team Structures

-- Collaboration and Productivity Processes

-- People Management

-- Decision-Making Processes

-- Communication and Collaboration

-- Resource Allocation

To learn more about this report including information about the research participants, key findings and sample best practices, please download a complimentary excerpt and study overview at http://www3.best-in-class.com/rr858.htm.

For questions or additional information on Best Practices, LLC's other products and services, please call Cameron Tew at 919-767-9246 or email ctew@best-in-class.com. Also, visit our Web site at http://www.best-in-class.com/.

ABOUT BEST PRACTICES, LLC

Best Practices, LLC is a research and consulting firm that conducts work based on the principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies. For more information, call 919-403-0251 or visit http://www3.best-in-class.com/.


'/>"/>
SOURCE Best Practices, LLC
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Creating brain cells from bone marrow
2. Creating A Greater Awareness Among Smokers
3. Doctors take part in walk: a step towards creating diabetes awareness
4. Creating Awareness about Sports Medicine
5. Innovative Method for Creating a Human Cytomegalovirus Vaccine Outlined
6. Creating Memories During Sleep
7. Overuse Of Antibiotics-Creating Monsters Out Of Common Microbes
8. Indoor Smoking Bans Creating Unhealthy Outdoor Second-hand Smoke Zones
9. New Way to "See" Genes, Evaluate Effectiveness of Gene Therapies Discovered
10. Inhaled Steroids Safe & Effective for Children with Asthma
11. Morning after pill effective up to five days after having unprotected sex
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/6/2016)... (PRWEB) , ... February 06, 2016 , ... Shark ... to announce the launch of a new DRTV campaign with Belly Bands. , Having ... tried everything from sprays to puppy pads and find nothing works, get Belly ...
(Date:2/5/2016)... ... ... Love is in the air at King Kullen! The local grocer is ... staple for Valentine’s Day is a must-have, and can be picked up with all ... are long-stem roses available, but also other flower bouquets, elegantly wrapped and ready to ...
(Date:2/5/2016)... (PRWEB) , ... February 05, 2016 , ... ... and setting the stage for new clinical and scientific initiatives have all marked ... after she was appointed President and CEO of the nation’s oldest cancer center, ...
(Date:2/5/2016)... ... February 05, 2016 , ... Francisco ... micro-needling services in their Napa Valley office. The technique utilizes the body’s own ... Dr. Canales and Dr. Furnas, are part of only a select few cosmetic ...
(Date:2/5/2016)... ... ... After years as an active staff surgeon and having served as the director ... transitioned to chief of the Division of Plastic Surgery at what is now known ... began a second three-year term in January of 2016. , The original selection was ...
Breaking Medicine News(10 mins):
(Date:2/4/2016)... -- For hospitals considering enrollment in the Federal 340B ... program, the Health Resources and Services Administration,s (HRSA) recent ... , could have significant impact on plans and operations, ... Essential Insights , Daniel Neal, director ... Mega-Guidance,s key proposed changes, including a new requirement that ...
(Date:2/4/2016)... 4, 2016  The Senior Care Pharmacy Coalition ... Committee Chairman Jason Chaffetz (R-UT) and ... hearing , "Developments in the Prescription Drug ... growing questions about abusive pharmacy benefit manager (PBM) ... and Ranking Member Elijah Cummings (D-MD) are diligent, ...
(Date:2/4/2016)...   Bernstein Liebhard LLP today announced that a ... District Court for the District of Arizona ... all persons or entities who purchased common shares of Insys ... from March 3, 2015 through January 25, 2016 (the "Class ... with violations of the Securities Exchange Act of 1934.  ...
Breaking Medicine Technology: