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Best Practice Database
Market Research, Analytics and Forecasting » Process Excellence and Productivity Management
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Single User: Authorizes use by the person who places the order or for whom the order was placed.
Sitewide: Authorizes use of the report for a geographic site. All people at site can view the report for a year and copies can be printed.
Corporate: Authorizes use for the entire company for a year and copies can be printed. No limitations for usage inside the company.
Timely approvals of market research studies are critical to gain strategic insights that can provide competitive advantage. With different functions, including legal, involved in reviewing proposed market research studies, it is important for biopharmaceutical companies to have an effective and efficient study approval process.
Best Practices, LLC undertook this benchmarking study to investigate how leading companies manage cycle times and produce fast responses to accelerate the market research approval process for quicker and meaningful insights. The study provides benchmarks around length of the approval process for project types, review processing, tracking changes & approvals, response standards, review channels and managing vendors for fast responses.
Best practices, LLC engaged 22 executives from 21 leading pharmaceutical, biotech, and life sciences companies. Eleven companies responded on behalf of rare disease markets. Eight companies participated in deep-dive interviews about the drivers of operational excellence.