2002
It's official: PA Consulting Group finds e-business in the pharmaceutical industry is simply business as usual
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10 January 2002
Second annual pharmaceutical industry survey reveals e-business 'not dead but dormant'
A new survey reveals that e-business remains a high priority, but many companies have adopted a ‘wait and see' position after the dot-com implosion. These findings, announced today by PA Consulting Group, a leading global management, systems and technology consulting firm, are the results of PA's 2001 e-business survey.
The survey, which includes responses from senior executives at pharmaceutical and biotechnology companies in the United States and Europe, indicates that most companies take a conservative approach to e-business:
- Most have at least a small investment in e-business (such as an external Web site)
- E-business investments are tiny compared to investments in R&D or marketing (between $1 million and $10 million)
- Few companies have a concrete e-business strategy that supports their overall business goals (less than 20 percent)
- Company initiatives are widely varied and autonomous throughout business functions (corporate-level support is low)
- Few companies have clear performance measures or define ROI for e-business (less than 50 percent).
"Our survey shows that e-business in the pharmaceutical industry isn't dead, but it remains dormant," says Keith Clinkscales, a member of PA's management team. "This underlines what we know from working with key industry players: there is enormous opportunity to gain a competitive edge through smarter, more aggressive e-business investments."
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Notes to editors
1. PA Consulting Group is a leading management, systems and technology consulting firm, with a unique combination of these capabilities. Established almost 60 years ago, and operating worldwide from over 40 offices in more than 20 countries, PA draws on the knowledge and experience of some 4,000 people, whose skills span the initial generation of ideas and insights all the way through to detailed implementation.
PA builds strategies for the creation and capture of shareholder and customer value, and helps clients accelerate business growth through innovation and the application of technology. PA works with clients to improve performance, mobilize human resources and deliver change effectively, including managing major projects, and designing and implementing enterprise-wide systems and full e-business solutions.
PA focuses on creating benefits for clients rather than merely proposing them, and this focus is supported by an outstanding implementation track record in every major industry and for governments around the world. PA also develops leading-edge technology both for its clients and within its own portfolio of venture companies in areas ranging from software to wireless technology to life sciences.
PA distinguishes itself from its competitors through the range and quality of its people, the depth of its industry insight, its development and use of technology, and also its independence and culture of respect, collaboration and flexibility in working with clients.
We are proud that our clients say "PA makes it happen".
2. PA Consulting Group's life science team combines pharmaceutical and healthcare industry expertise with an innovative and pragmatic approach to assignments. The teams include senior people who understand today's market pressures - shorter development timescales, faster product introductions, increased sales effectiveness, greater brand impact, and deeper market penetration.
Many of PA's 100+ Life Science consultants are recruited from senior positions in the pharmaceutical and healthcare industries, representing many years of experience. PA works in a collaborative and integrated way, often as a catalyst and enabler for a client's own resources. PA teams are multidisciplinary and small enough to blend skills together into a single, effective entity.
For further information, please e-mail lifesciences@paconsulting.com, visit our Web site at www.paconsulting.com , or get in touch with the media contacts above.
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