Navigation Links
Developing Excellence in Alliance
Date:12/18/2007

CHAPEL HILL, N.C., Dec. 18 /PRNewswire/ -- Many large companies depend on successful strategic alliance to develop and to maintain ever-expanding product portfolio. These alliances are developed to achieve common goals and objectives; for example, large pharmaceutical companies use in-licensing deals to tap into expertise of small biotech companies and in return they offer, much needed, capital, development expertise, and market insight to the smaller companies.

While strategic alliances are an important solution to maintaining and managing a successful product portfolio, competition to secure an alliance partner is increasing. The increased competition has brought out some pertinent questions - How to maintain and manage successful strategic alliance? What factors must a company look for in strategic partner? How to keep common objectives as focus of the alliance?

Best Practices, LLC's report, Developing Excellence in Alliance, answers most important questions around successful strategic alliance. The report focuses on two objectives: 1) to identify the factors that are most important to the success of strategic alliances; and 2) to explain why those factors are considered most important.

The study evaluates the significance of 10 areas that drive success in the establishment and evolution of alliances.

-- Strategic alignment

-- Cultural fit

-- Communication

-- Due Diligence

-- Negotiation

-- Decision-making process

-- Flexibility

-- Team Coordination

-- Resources

To meet these objectives, analysts at Best Practices, LLC surveyed and interviewed seasoned executives at 12 best-in-class pharmaceutical and biotechnology companies, and harvested their top-line tactics and proven best practices in developing and managing successful alliances.

Download a summary of this report, conducted by pharmaceutical benchmarking leader Best Practices, LLC, at http://www3.best-in-class.com/rr893.htm .

Some highlights of the key findings of the report are:

1- Personal relationship development skills in business development

personnel are critical to winning alliance deals with potential partner

companies.

2- Divergent approach to risk management in product development can cause

the most tension in product development alliance deals. These issues

must be managed carefully to avoid damage to the partnership.

3- Formal alliance goals and clear decision-making processes are essential

to marinating the health of relationships and alliance progress.

To get deeper insight of the critical factors involved in developing and maintaining excellence in alliance visit http://www3.best-in-class.com/rr893.htm or contact Cameron Tew at (919) 767-9246 or ctew@best-in-class.com .

About Best Practices, LLC

Best Practices, LLC, conducts work based on the simple yet profound 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. Best Practices, LLC has been a leader in pharmaceutical research and consulting for nearly 15 years; our clients include 43 out of the top 50 pharmaceutical companies.


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

Related medicine news :

1. AASM encourages those student-athletes at risk for developing osa to visit a sleep clinic
2. Pregnancy may increase the risk of developing binge eating disorder
3. Researcher developing new method for hearing loss assessment
4. Breastfeeding does not protect children against developing asthma or allergies
5. CEO Addresses Tennessee Business Leaders About Developing Pandemic and Business Continuity Plans
6. amfARs MSM Initiative Seeks Proposals From Front-Line Groups Working on HIV in Developing Countries
7. Developing a modular, nanoparticle drug delivery system
8. Jefferson scientists find protein may be key in developing deadly form of pancreatic cancer
9. AAAAI: Early Day Care Attendance May Protect Infants From Later Developing Asthma, From the Journal of Allergy and Clinical Immunology
10. IAEA and NFCR join forces to fight cancer in developing world
11. Engineers developing new cements to heal spinal fractures
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from ... at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center ... care topics including advance care planning, healthcare costs and patient and family engagement. ...
(Date:6/25/2016)... TX (PRWEB) , ... June 25, 2016 , ... ... the United States, named Dr. Sesan Ogunleye, as the Medical Director of its new ... the facility Medical Director of our new Mesquite location,” said Dr. James M. Muzzarelli, ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the ... In terms of the latter, setting the bar too high can result in disappointment, ... just slow progress toward their goal. , Research from PsychTests.com reveals ...
(Date:6/24/2016)... ... ... crisis. Her son James, eight, was out of control. Prone to extreme mood shifts and ... him, he couldn’t control his emotions,” remembers Marcy. “If there was a knife on ... say he was going to kill them. If we were driving on the freeway, ...
(Date:6/24/2016)... ... 24, 2016 , ... Comfort Keepers® of San Diego, CA is excited to ... Recovery® program to drive cancer patients to and from their cancer treatments. Comfort ... quality of life and ongoing independence. Getting to and from medical treatments is ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... -- The Academy of Managed Care Pharmacy (AMCP) today ... allow biopharmaceutical companies to more easily share health care ... coverage decisions, a move that addresses the growing need ... The recommendations address restrictions in the sharing of product ... a prohibition that hinders decision makers from accessing HCEI ...
(Date:6/24/2016)... , June 24, 2016 Research ... World Market for Companion Diagnostic Tests" report to their ... Market for Companion Diagnostics The World Market ... and personalized medicine diagnostics. Market analysis in the report includes ... Test Market (In Vitro Diagnostic Kits) by Region (N. America, ...
(Date:6/24/2016)... Belgium , June 24, 2016 ... today announced the appointment of Dr. Edward ... as a Non-Executive Director, effective June 23, 2016.Dr. ... Compensation and Nominations and Governance Committees.  As a ... will provide independent expertise and strategic counsel to ...
Breaking Medicine Technology: