Complicated vs Complex Challenges in Pharma

The pace, scope, and variety of challenges we face as executives in Pharma are both invigorating and overwhelming. They span macro trends such as personalized medicine, real-world-evidence (RWE), onerous regulatory pressures, collaborative R&D and Digital health, as well as those specific to our businesses including post-merger integration, loss of exclusivity, market access challenges, share erosion, etc. Knowing how to categorize and tackle each problem is key to solving it.  One of the most effective lenses is to understand that most challenges boil down to two simple categories: ‘complicated’ and ‘complex’. Is this a complicated or complex challenge? A complicated challenge, although new to...

Welcome to the Age of Many-to-Many

We are living in the age of many-to-many. So what? New, emerging, and ever-improving many-to-many capabilities are challenging and, in many cases, shattering established models and norms in education, media, health, entertainment, business, politics, relationships, lifestyles, values, and… By “many-to-many” I simply mean the direct connectivity, in all senses of the word, of many things to many things: many-people-to-many-people, many-organizations-to-many-organizations, many-computers-to-many-computers, etc. It may not feel new or revolutionary, but in fact it’s a completely new characteristic of the human experience. The ability to rigorously, optimally, and directly connect many things to many things just arrived. The many-to-many revolution is happening now. Networking between...

RTI International announces launch of Attēgo ESG Impact Solutions

Attēgo is a newly branded division focused on environmental, social and governance challenges RESEARCH TRIANGLE PARK, N.C. — RTI International has launched an independent division called Attēgo ESG Impact Solutions with the sole focus of providing environmental, social and governance impact solutions to organizations worldwide. This division will work with commercial companies to identify sustainable solutions for large, complex commercial or industrial projects such as mining operations, energy infrastructure, and agricultural operations. Attēgo will help companies identify and mitigate risks and develop plans that maximize local economic growth, build local capacity, and minimize potential negative impacts on the environment and local communities, ultimately...

5 Practical Ways to Deal With Entrepreneurial Stress

Let's be honest. It's stressful to be an entrepreneur. By Amy Vetter | November 10, 2016. Entrepreneurs face an inordinate amount of stress when starting and running a business. I learned this at the early age of 12. My mom owned multiple maid service businesses, and I helped her with the office tasks after school and on weekends. I experienced the daily stresses she faced - worrying about whether or not employees would show up on time for their shifts, ensuring that we could make payroll each month, keeping customers happy and hiring a competent and steady office manager. My mom had greater ambitions for me beyond taking...

The Highly Unique Challenges of Post-Merger Integration

Every post-merger integration (PMI) has its own unique challenges, but each PMI situation encounters a few common, very big challenges that threaten the success of the merger or acquisition if not addressed. Specifically, you need to have the following: Clarity on the purpose of the transaction Clarity on the envisioned end state A tangible 100-day plan that clarifies integration activities as well as business-as-usual activities Clarity about cultural integration Clarity on, “What does this all mean for me?” Notice the word “clarity”? Clarity is the single most coveted and missing attribute of any merger. And, in the absence of clarity, trouble...