Change is the one thing that is certain in business. Sooner or later even the most stable business must make strategic decisions on how to react to changes to the myriad of internal or external forces that can impact their future.
Raland leadership and executive consultants have held industry management positions and leverage their experience and business intelligence to assist companies make course corrections and improvements to aid stability and profitability.
If there is any lesson to take from 2020, it’s how companies responded to the COVID-19 pandemic. The financial viability of many segments of industry is dependent on workers located in close proximity and many companies have had to make difficult decisions regarding worker protections up to an including downsizing or allowing remote access.
The growth of many life science companies is dependent on the acquisition of similar or competing firms. As a result, they also acquire the target company’s Quality System which most likely will not completely align with theirs. The parent company is responsible for alignment and umbrella governance. Aligning these systems requires the type of dedication and focus that usually is best supported by someone with demonstrated success in doing so.
Life science companies are under constant risk of a negative observations from an inspection by FDA or other regulating body. Most negative observations can be directly attributed to one or more element of the company’s Quality System. Many companies choose to react to the observations and create a repetitive cycle of repeat observations and reactionary corrections which rarely lead to systemic change and may ultimately lead to increased enforcement action.
Once again, at some point every organization must change. That change could be the rapid influx of new employees, facility expansion, or M&A. Any of these changes can have a significant impact on the trajectory of your business. Effective organizational change management can make be difference between a true business transformation or extended frustration.