Pharma companies' four-step approach to globalisation
In our experience, successful pharma companies embrace globalisation by following a simple four-step approach
To test your current level of globalisation, we have defined seven questions which you should be able to answer
• Develop a clear globalisation baseline
Do you have a clear picture of how globalisation is affecting you?
Establish baseline and current globalisation footprint across all functions to create a common understanding of the point of departure and focus on "the right" future challenges
• Define globalisation drivers Identify gross list of globalisation drivers and define relevant drivers driving your agenda to create a shared understanding of relevant drivers affecting our company
• Define globalisation opportunities and challenges Assess impact of globalisation drivers on the key business areas and identify and describe key globalisation opportunities and challenges to ensure the right top-down challenges are identified in order to ensure successful execution
• Translate opportunities and challenges into functional actions Translate company-specific opportunities and challenges into functional actions and identify function-specific globalisation opportunities and challenges to create commitment and ensure successful execution on these
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Do you have a shared understanding of the globalisation baseline? Do you have the right global business portfolio? Do you have the right global cost-and-cash-conscious mindset? Do you attract and retain global talent, insights and knowledge? Do you have a plan and process for dealing with globalisation? Do you have an agile and responsive leadership and governance model?