Latest Best Practices LLC Stories

CHAPEL HILL, N.C., May 17, 2013 /PRNewswire/ -- Technology advances have had a profound effect on how organizations communicate internally. Faced with a constantly evolving communication environment, companies need to continuously adjust their strategies and tactics for communicating with internal executives. It is challenging, however, to gauge the effectiveness of all the strategies, tactics and tools that are part of today's communication options. In a new study, Best Practices,...

CHAPEL HILL, N.C., May 3, 2013 /PRNewswire/ -- In a healthcare market where even the largest pharma manufacturers must squeeze revenue from every product in the portfolio, some companies are confronted with the "good problem" of having a rich pipeline featuring multiple new products. But launching and promoting each new product is both costly (hiring and training new "people resources" such as field sales reps) and strategically challenging (effectively positioning similar...

CHAPEL HILL, N.C., April 19, 2013 /PRNewswire/ -- Across industry sectors, compensation leaders recognize the value of recognizing and rewarding one of the main drivers behind an organization's success in the marketplace: top performing employees. Annual bonus programs are one avenue companies use to reward employees for their contributions. However, smaller bonus pools, unfair distributions, misalignment of goals, and other obstacles can plague the integrity of the system and...

CHAPEL HILL, N.C., April 19, 2013 /PRNewswire/ -- Managed care operations in the pharmaceutical sector are rapidly growing and have emerged as essential factors for success in the U.S. healthcare marketplace. Due to this rapid growth, pharmaceutical and medical device leaders have placed an increased importance on managed care activities. While well-planned and executed managed care activities can yield sizeable returns, leaders must adapt and constantly adjust their resource levels...

CHAPEL HILL, N.C., April 13, 2013 /PRNewswire/ -- Pharmaceutical companies in North America and Europe have recently been faced with two major concerns: clinical costs are continuing to rise and sales are either rising a little or not at all. In emerging markets, organizations are experiencing lower clinical costs and rapidly rising sales. Although mature markets still represent a majority of sales, it is clear that emerging markets offer significant cost savings and important future...

CHAPEL HILL, N.C., April 5, 2013 /PRNewswire/ -- The regulatory and financial environment has made it challenging for Medical Education groups to accomplish their principal goal of educating healthcare practitioners on the safe and effective use of new therapies. These dual challenges - one affecting program content and delivery and the other affecting resources - have made it even more vital for Medical Education groups to utilize high-impact presenters and venues and to efficiently...

CHAPEL HILL, N.C., April 5, 2013 /PRNewswire/ -- Digital marketing technologies are rapidly transforming the marketplace and challenging companies to develop new marketing strategies that employ a broad range of new tools and techniques. Identifying the most effective ways to deploy Digital Marketing resources for positive impact on the future of the organization is top-of-mind for marketing executives. By examining winning strategies for Digital Marketing activity management,...

CHAPEL HILL, N.C., March 29, 2013 /PRNewswire/ -- With more than one-third of employees working on at least one virtual team, it is critical for global organizations to find ways to overcome the hurdles of working virtually. Global companies are now investing resources in finding ways that will help employees work better together across time zones, differing cultures, and with conflicting workplace practices. While there are many places to misstep in the process of becoming...

CHAPEL HILL, N.C., March 29, 2013 /PRNewswire/ -- In today's pharmaceutical marketplace, companies not only have to fight to win product placement on Managed Care formularies but also to "pull through" the business and increase market share after a win. To benefit from formulary wins, savvy companies ensure that their sales forces and account management teams have the necessary skills and tools to pull-through demand for favored products. To help organizations create and maintain...

CHAPEL HILL, N.C., March 22, 2013 /PRNewswire/ -- From Medical Affairs groups to brand teams conducting new product launches, Internal Communications groups within biopharmaceutical companies are constantly evolving to reflect the changing goals and strategies of the industry. Rearranging the structure of the group in order to support new corporate initiatives is a key change that executives must enforce in coming years. Across the bio-pharma sector, establishing service levels to...