Outsourcing has become an important business strategy for biopharmaceutical companies looking to bring products to market at a reduced cost and lower need for capital investment. Many biopharmaceutical companies gain a competitive edge from outsourcing research, clinical trials, manufacturing, and packaging. Training is another area that can yield big returns when outsourced. For managers who must show measurable results from their training dollars while also meeting day-to-day business demands, outsourcing can be especially appealing. However, there are some key attributes that a training partner must have.
A FORMAL TRAINING ORGANIZATION AND SUBJECT MATTER EXPERT
While in-house training programs may capitalize on how well a company knows itself, in-house development and execution of training programs can drain resources from revenue generating activities, divert attention from necessary day-to-day operations, reinforce institutional bad habits, and remain behind the curve of industry-wide best practices. The right training partner—a formal training organization and subject matter expert—is exclusively focused on industry-specific training. Such organizations carry experience and knowledge from across the industry. These trainers can quickly hone in on a company's needs and they require much less time to ramp-up.
If an outside training organization or consultant is needed, it is important to properly vet the organization and make sure that their qualifications meet the desired needs. Perform the basic checks and common practices such as:
- Determine and apply a set of criteria for selecting the best consultant (e.g., industry knowledge, experience with similar projects, subject matter expertise, etc.).
- Provide clear program needs and guidelines—based on needs analysis and initial design specification—when requesting a proposal.
- Solicit proposals from more than one consultant for comparison sake.
- Check references—especially if this is the first time working with a consultant.
TRAINING PROFESSIONALS THAT TAKE STOCK OF, AND BUILD UPON, CURRENT TALENT
Figure 1: Successful training organizations look to develop effective and comprehensive training programs by way of key building blocks. One such block, an analysis of current capabilities, is an important foundation for optimizing a company’s success. (FIGURE 1 IS COURTESY OF THE AUTHOR)
In today's business environment, talent quality matters more than ever to pharmaceutical, biotech, and medical-device companies. Competitors can always match technologies, processes, and tools, but the creative power of a company's human resources is what will set it apart. An effective training strategy recognizes this fact and starts by taking stock of current talent and then performing a strategic assessment from both an organizational and individual standpoint. It is important to always know where a company's capabilities stand and how they need to grow to successfully meet future demands (see Figure 1).
AN ORGANIZATION CERTIFIED AND FOCUSED UPON RECOGNIZED PROJECT MANAGEMENT PRINCIPLES
Developing effective project management skills is crucial for globally competitive pharmaceutical, biotech, and medical-device companies where every advantage counts and project lifecycles are long. Managing a project-based business is fundamentally different from managing a traditional functional organization. It requires careful rethinking of roles, skills, organizational systems, tools, and metrics to support project performance. Many of today's successful organizations require the type of training that is deeply rooted in project management methodology. Training organizations that engage life-sciences industry experts and certified project management professionals (e.g., PMP or PRINCE2) to develop solutions based on acknowledged standards (such as PMI's PMBOK) and proven industry practices can ignite focused performance improvements with significant bottom-line impact.
The benefits of a standardized project management methodology and certification include:
- An increased attention towards developing the right project management competencies at both organizational and individual levels.
- Formation of global project work environments that are populated with people who speak a common language in project management.
- Improved return on investment from projects that are based on more predictable, consistent delivery.