A universal launch excellence approach can accelerate launches by integrating and leveraging learnings from within and outside the organization. Key elements of “excellence” as we apply it to the concept of launch include:
- Ensuring common language
- Excelling / communicating in a matrix organization
- Establishing a common standard
- Empowering organizations to deliver on expectations
- Enabling best practices and innovation
It can be difficult for life sciences companies to successfully develop launch capabilities or core competencies, especially as portfolios and product area focus changes. Frequently, launch teams are structured functionally rather than by the value streams, which are the key steps in the launch process. In a siloed structure, it is challenging for an individual or a team to learn from the experience of the teams that managed previous launches. When teams do not share institutional knowledge and industry best practices to achieve launch excellence, each launch will be different and produce inconsistent results. Some launches, for example, may be led by strong strategic leaders, whereas others may emphasize detailed tactical plans that do not always support the brand strategy.
After working over a decade to help companies execute more than 500 global launch engagements, Syneos Health Consulting has developed a proprietary approach to building launch excellence as a core capability, training a team to deliver it expertly, and creating a process for knowledge transfer across an enterprise.
This article will examine the importance of the journey toward launch excellence and show why many companies today are investing in developing the right launch processes and capabilities. This article also will examine why knowledge transfer is critical in ensuring the success of a launch given external pressures, and it will detail the considerations necessary for developing a robust and continuously evolving launch excellence capability.