The 2010 World Cup for Soccer runs from June 11 through July 11, 2010 and almost all of the 32 teams that are participating have a significant life sciences presence in their country. People all over the world will be glued to their TV sets, even counties that did not make it to the finals will be watching.
Archive for June, 2010
Just for Kicks – Will the 2010 World Cup Impact the Life Sciences Industry?
Monday, June 21st, 2010Clinical Inventory Visibility: Seeing What it Takes
Monday, June 14th, 2010Whether you’re using a clinical supplies application, an ERP system, or lots of spreadsheets to track inventory (or all of the above!), you know there’s got to be a better way. We hear requirements like “I want to go to ONE place to see where ALL of my inventory is” and “I need a better method for tracing lots back to their source – too much paper involved”. But with a complex supply chain and many partners doing the manufacturing, packaging and distribution for you, visibility is not easily achieved.
The Balance of Extremes in the Decision Making Process May Be the Optimal Way
Monday, June 7th, 2010“In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” Theodore Roosevelt
An action is usually preceded by a decision to execute that action. These can be simple decisions, such as the choice to act to prevent a thrown ball from hitting you in the face. Or these can be much more complex decisions, such as the choice to initiate a series of actions, for example the decision to bring a therapeutic to market. While each activity is fraught with differing levels of uncertainty, the point of choosing how to deal with that uncertainty occurs prior to the action, and consequently this point can become the source of much angst. President Roosevelt’s observation offers a convenient framework for exploring the decision point.
What is your organization’s level of risk management maturity (and what should it be)?
Tuesday, June 1st, 2010When working with companies in designing and implementing a programmatic approach to risk management, a key strategic question always emerges – what kind of company do you want to be regarding risk management?
Most organizations we observe start their Risk Management Program implementation from a current state situation where:
- There is wide variation in the risk assessment and management approaches being applied
- Risk is being addressed as a series of independent initiatives
- Processes for assessing and prioritizing risk are typically subjective
- Risk management is reactive – “after the fact” and “detection-oriented”
