Benchmark in the pharma industry
For more than 30 years, our specialized team has been supporting everyday pharmaceutical industry leaders in their benchmarking projects.
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What are the key stakes of a benchmark in the pharma industry?
Benchmarking work varies greatly depending on the company’s specific objectives and the nature of the desired information. To successfully create a benchmark, pharma companies need to:
- Define a clear objective before they start
- Carefully select companies to study
- Ensure the robustness of the information collected
How we support players in the pharma industry with their benchmark projects
Founded in 1993, Alcimed is a consulting firm specialized in innovation and new business in life sciences. Spread over our 8 offices in the world (in France, Europe, Singapore and the USA), our team of 220 high-level explorers supports everyday corporate management and operational decision-makers (heads of marketing, R&D, innovation, strategy, CSR, industrial operations, etc.) in their innovation and new business projects.
In our benchmark projects for pharma players we support our clients in carrying out benchmarks aimed at identifying the best practices implemented by other players in a similar situation or for comparison purposes in order to situate the company in its market environment.
And our activities in the pharmaceutical sector are not limited to benchmark projects. The diversity of our clients (industrial players, SMEs innovative start-ups, public institutions, etc.), the subjects we deal with, and the geographical areas we explore, enable us to master a wide range of projects: patient pathway optimization, customer engagement and journey, market studies, …
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Examples of benchmark projects carried out for our clients in the pharma industry
Competitive benchmark: reorganization of the medical affairs department of a pharmaceutical laboratory
For a leading pharmaceutical player who wanted to reorganize its medical affairs department by specialty, Alcimed carried out a benchmark of the organizational and operational models of medical affairs in the pharmaceutical industry.
Our team studied and analyzed existing models in others companies in terms of governance, structure, operational functioning, roles and responsibilities within their companies.
This benchmark exercise allowed us to identify the different possible models for our client, to understand the key success factors and the pitfalls and traps inherent to the evolution of medical affairs by therapeutic areas, and to recommend the best way to build the new medical affairs team of our client.
Benchmark analysis of business models for the transition to a new value proposition for a pharma player
A company in the pharmaceutical sector was looking to make the transition to a new value proposition, likely to induce profound changes in its sales functions.
We helped them broaden and challenge their current vision by exploring existing market models, notably through a competitive benchmark, and by analyzing their customers’ needs and expectations.
Our team organized several workshops with our customer’s teams, resulting in a complete set of specifications for the future business and the associated roadmap for the upcoming transition.
Benchmarking and analyzing the digital footprint of 10 pharmaceutical laboratories
One of our clients, a major healthcare player, wanted to understand and compare the digital strategies of the top 10 industrial pharmaceutical companies in order to reevaluate part of their R&D activities. In this context, we analyzed more than 300 initiatives from pharmaceutical laboratories, focusing on the digitization of therapeutic trials.
During this investigation, we identified potential levers for digitizing our client’s strategy and differentiating the pharmaceutical industry leaders based on the magnitude of their initiative and the cultural shift generated by this transformation.
Benchmarking of the engagement level of pharmaceutical companies regarding antibiotic resistance
Alcimed supported an international healthcare stakeholder to assess the current global efforts of pharmaceutical companies to contrast antibiotic resistance.
Alcimed performed a benchmarking exercise to evaluate what strategies are put into place by companies with respect to market access, education, logistics and environmental practices, and other aspects.
The project allowed to assess the receptivity of pharmaceutical companies with respect to antibiotic resistance and what kinds of collaborations may be developed in order to address this global health.
Benchmark analysis: study of innovative business models
We worked with a leading player in the animal health sector who wanted to imagine new business models in connection with new services to be developed. We organized an “inspiration” workshop bringing together players from different sectors such as Butagaz, Xerox, Samsung and Somfy.
This workshop comprised 2 steps: the first one consisted in better understanding the history, the good practices and the key success factors of these inspiring companies’ models, and the second one consisted in co-constructing with our client the most adapted model to their case.
Our approach enabled our client to draw inspiration from other non-competitive players to define an innovative business model that would differentiate themselves from existing models.
Benchmark and competitive analysis of digital for a “Release by Exception” process for a biopharmaceutical player
In this project, we studied how digital (new sensors, algorithms, new professions) could support the “Release by Exception” (RBE) process, a more fluid and real-time vision of the release of batches.
Through interviews with experts and providers of digital solutions in this very specific sector, we drew up a panorama of the real maturity of RBE in biopharma and observed more closely the activities of 3 competitors over the last 10 years in this sector.
The project resulted in a better understanding of the topic and a clear vision of the steps and key success factors to implement an RBE digital transformation for our client.
Setting up an "innovation lab" to stimulate a culture of innovation
We assisted a leading pharmaceutical company that wanted to bring its teams together around innovation to develop new products, new services, new market access models and new ways of working; all in a special and unique place. We decided to generate this new momentum by imagining the creation of an “innovation laboratory”, a physical place “apart”.
Through an external benchmark and internal workshops with a dedicated project team, we defined its operational functioning and roadmap and then organized the first events taking place in this new laboratory with employees now ready to innovate!
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Founded in 1993, Alcimed is an innovation and new business consulting firm, specializing in innovation driven sectors: life sciences (healthcare, biotech, agrifood), energy, environment, mobility, chemicals, materials, cosmetics, aeronautics, space and defence.
Our purpose? Helping both private and public decision-makers explore and develop their uncharted territories: new technologies, new offers, new geographies, possible futures, and new ways to innovate.
Located across eight offices around the world (France, Europe, Singapore and the United States), our team is made up of 220 highly-qualified, multicultural and passionate explorers, with a blended science/technology and business culture.
Our dream? To build a team of 1,000 explorers, to design tomorrow’s world hand in hand with our clients.
A benchmark aims at identifying good practices implemented by other actors (i.e. in the pharma industry) in a similar situation. It is a matter of analyzing successes but also failures, in order to draw useful lessons in terms of do’s and don’ts. It is therefore above all an inspirational approach, on subjects as varied as organizational models, tools, business models, transformations of all types, technologies, services, etc.
There are three main types of benchmark: internal, competitive and strategic.
- Internal benchmarking is carried out within the company itself, and mainly applies to large organizations. The aim is to compare performance and practices between different departments.
- Competitive benchmarking involves the collection of data on other companies from the same sector of activity (i.e. pharma industry). It is widely used by companies to fine-tune a brand strategy or the marketing positioning around an offer.
- Strategic benchmarking allows companies to identify the winning strategies used by successful companies in other sectors in order to apply these methods to their own strategic approach.