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:10/13/2017)... ... , ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh, has ... least understood books in the Holy Scriptures, Revelation. The Book of Revelation paints a ... centuries. Many have tossed it off as mere rubbish, but Yisrayl Hawkins says that ...
(Date:10/13/2017)... ... 13, 2017 , ... Coveros, a leader in agile coaching ... contract by the Center for Medicare and Medicaid Services (CMS). The Enterprise Agile ... of Agile methodologies in a consistent and high value manner across CMS programs. ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian ... On The Brink” is the creation of published author, William Nowers. Captain Nowers ... a WWII veteran, he spent thirty years in the Navy. Following his career ...
(Date:10/12/2017)... ... October 12, 2017 , ... CitiDent and San Francisco dentists, ... cutting-edge Oventus O2Vent technology. As many as 18 million Americans are estimated to ... breathing. Oral appliances can offer significant relief to about 75 percent of people ...
(Date:10/12/2017)... ... October 12, 2017 , ... The company ... of today’s consumer and regulatory authorities worldwide. From Children’s to Adults 50+, every ... meet the highest standard. , These products are also: Gluten Free, Non-GMO, ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... COPENHAGEN, Denmark , Oct. 2, 2017 The ... tool in the struggle to reverse the tide of prescription ... plan for regulating their medicine intake and stepping down their ... is set to launch in December 2017; the first 100,000 ... access. Learn more at http://www.rebound-solution.com/ ...
(Date:9/27/2017)... for their devotion to personalized service, SMP Pharmacy Solutions announces ... the South Florida Business Journal,s 50 Fastest-Growing Companies, and listed ... national specialty pharmacy has found its niche.  To that end, ... honored by SFBJ as the 2017 Power Leader in Health ... his award in October, Bardisa said of the three achievements, ...
(Date:9/25/2017)... Sept. 25, 2017  EpiVax, Inc., a leader ... and immune-engineering today announced the launch of EpiVax ... of personalized therapeutic cancer vaccines. EpiVax has provided ... access to enabling technologies to the new precision ... lead EpiVax Oncology as Chief Executive Officer. Gad ...
Breaking Medicine Technology: