Pharmaceutical and medical device organizations seek strategic insights and guidance to successfully navigate the complexities of the changing healthcare landscape. An effective advisory board serves as a valuable asset that can provide informed guidance to organizations on various business aspects.
To get maximum return on investment, it is important for pharmaceutical organizations to structure their advisory boards appropriately and invest resources optimally. Best Practices, LLC recently undertook a study to assist pharmaceutical and medical device executives in identifying ways to best utilize the knowledge of advisory boards.
The study delivers leading insights and metrics on the best structure for various types of advisory boards, selection of advisory board participants, advisory board operational benchmarks and cost benchmarks for running advisory boards. It also highlights the top challenges, winning strategies and best practices for conducting advisory boards.
NOTE: Segmentation analysis was key to examining trends and effective practices. This study captures insights from the Large Companies Segment.