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Communications Excellence: Tactics Used by
    BioPharma Executives to Increase
       Organizational Effectiveness




                 Report Summary
                Best Practices, LLC
Project Methodology and Study Objectives
Over the years, the communication process has evolved due to technological advances and
changes. This research study seeks to identify the most effective external and internal
communication strategies and tactics and how people best utilize various communication
formats to achieve organizational success/efficiency.

           This research seeks to explore the most effective and preferred
           channels & tools of communication, optimum communication
           frequencies for internal and external communications.
           Key study objectives
                Benchmark the tools and usage frequency of executives are making use
                of for external communication.
                Identify the preferred and effective channels for external communications.
                Identify types of internal communication mostly used by executives.
                Identify preferred medium for internal communication
                Measure internal communication effectiveness.



Copyright © Best Practices®, LLC                2
List of Participating Companies
Best Practices®, LLC gathered insights a total of 183 leaders from 162 companies from
different industry segments across 6 continents. Here is a sampling of the companies that
participated.




Copyright © Best Practices®, LLC           3
Definitions Used in the Research
 Communication is a process where information is shared between two or more people or
 organizations. Field researchers used the following definitions to differentiate
 communication types.



      External Communication: Any kind of
       interaction between a person with an
      outside person, organization or group is
        termed as External Communication


       Internal Communication: Any kind of
      interaction between people in the same
         or various departments within an
      organization in order to ensure clarity of
          information is termed as Internal
                  Communication.


Copyright © Best Practices®, LLC          4
Usage Frequency of Internet Tools – Overall
General search engines are used daily by 71% of the respondents followed by online contents
such as websites and blogs (51%) to search work-related information by executives. Web-enabled
mobile devices are used by more than half of the respondents to surf information related to work
daily of several times a week.
   Please indicate how often you use the following internet tools for gathering work-related information.
                                               Daily     Several Times a week        Weekly          Monthly
           1%                      4%
           5%
                               18%                     27%             28%                                                     14%
           23%                                                                           35%                     43%
                               28%                     12%             19%
                                                                                         20%                                   26%
                                                       19%
                                                                       22%                                       26%
           71%                                                                           14%
                               51%                                                                                              9%
                                                       42%                                                       17%
                                                                       31%               31%                                   14%
                                                                                                                 14%
                             Online content




                                                                                          RSS Feed
                                                                      communities/




                                                                                                               Online videos
           Search engine –




                                                   content read via




                                                                                                                               Search engine –
           general/organic




                             (i.e. Websites,




                                                                      Social media




                                                                                                                on business
                                                   mobile devices
                                                    Work-related

                                                    web-enabled




                                                                                                                 websites
                                                                         Online
                                  Blogs)




                                                                                                                                    paid
           N=151               N=148                   N=115           N=123             N=85                   N=127          N=87

Copyright © Best Practices®, LLC                                         5
Preferred Formats & Effective Tools for General
Information – Pharmaceutical Segment
The pharma benchmark class’ preferred choice for receiving and sending business
information is also via power point presentation deck, followed by word document format.
The pharma industry prefers to receive and send business related information either via
emails or on internet.
    Which are your preferred format (s) for reviewing business-related information from external parties?
     For the following type of content that could be communicated to you from external parties, please
                                      choose the most effective tools.

 Podcast/Audio                                               Meetings                  16%
                                   12%
      file

                                                                 Press
 No preference                           21%                                                 24%
                                                                Release

    Online                                                      E-
                                          23%                                                       33%
Video/Webcast                                               brochures


Worddocument                                    37%             Internet                                  41%


   Power Point
                                                      47%        Emails                                   41%
   presentation

                   Preferred Format                                        Effective Tools of Communication
                        N=43                                                         N=51
Copyright © Best Practices®, LLC                            6
Interest and Preferred Time of Checking New
 Product Launch News – Pharmaceutical Segment
 More than 80% of the pharma benchmark class was interested in receiving information
 about new product launch news. Nearly half of the participants preferred to be contacted
 before 9 AM (46%), followed by being reached between 9 AM – 1 PM (16%) and 1 PM – 5
 PM (16%).
      Please rate your interest in gathering information from or about the resource types below. Please
      indicate your preferred time to check the following type of work-related external communication.


       Very                                             Before 9AM                                  46%
                                              40%
    Interested

                                                         9 AM-1PM                16%
    Interested                                40%

                                                          1PM-5PM                16%

Not Interested                        16%
                                                          5PM-9PM         8%

     Not Very
                         5%                               After 9PM             14%
    Interested



                          Interest Level                       Time of Checking Communication
                               N=43                                            N=37


Copyright © Best Practices®, LLC                    7
Impact of Marketing Communications on
Purchase Decision – Pharmaceutical Segment
More than half of the pharma benchmark class reported that online advertising had any
impact on their decision to purchase. Less than half reported that direct mail had a strong
impact on their decision to purchase.


 Please rate the impact of the following communication channels on your information purchase decision.
                                   Very Much Impact    Somewhat Impact    Very Little Impact     Don’t Impact



              18%                                       23%
                                      30%                                30%
                                                                                                                45%
                                                                                               58%
              38%                                       28%
                                      32%
                                                                         40%
                                                                                                                25%
                                                        40%                                    28%
              37%                     31%
                                                                         25%                                    30%
                                                                                               8%
               7%                      7%               10%              5%                    8%
         Direct mail           Social media            Mobile         Radio/TV ad         Online          Telemarketing
                                marketing             marketing                         advertising
              N=40                    N=40              N=40             N=40                  N=40             N=40
Copyright © Best Practices®, LLC                                  8
Interest in Types of Information Received –
Pharmaceutical Segment
More than three quarters of the pharma benchmark class reported being interested in
project and task information as well as company and general information.



                                   What types of information are you interested in receiving?




                                     Product
                                                                  32%
                                   Information




                          Company/general
                                                                                           76%
                          Announcements




                             Project/task
                                                                                           76%
                            Communication



    N=34
Copyright © Best Practices®, LLC                              9
Percentage of Redundant Emails Received –
Overall & Pharmaceutical Segment
The benchmark class reported that about 6 out of 10 external communications they
receive are not useful. The pharma benchmark class reported that more than 7 out of 10
external communications that they receive are not useful.


    What approximate percentages of external communications that you receive are not useful for your
                                                work?



                                                                                              1-5%, 2%
                                                 1-5%, 4%
                                                                                                  6-10%, 2%
                                                  6-10%, 4%
                                                                                     11-15%, 5%
                                        11-15%, 8%
           >20%, 63%
                                                                 >20%, 74%
                                                                                    16-20%, 17%
                                   16-20%, 21%




                            Overall                                Pharmaceutical Segment
                            N=114                                            N=42
Copyright © Best Practices®, LLC                            10
Preference vs. Effectiveness: Internal
Communication Using Mobile – Pharma Segment
Almost all of the pharma benchmark class reported that they highly preferred using email
to interact with their colleagues on their mobile device.


 Please indicate preference and effectiveness of the following types of internal communication you used
                          to interact with your colleagues through your Mobile.


                  94%                          Highly preferred     Highly effective


                        78%



                                   44%
                                         38%     38%
                                                                                                        31%
                                                       25%                                        25%

                                                                                       9% 9%
                                                                     0% 3%

              Individual     Company            Voicemail         Weekly/branch        Podcasts    Blogs
            emails/corporate intranet                              newsletters
                 emails
     N=32

Copyright © Best Practices®, LLC                          11
Effective Tools for General Communication –
Overall and Pharmaceutical Segment
Both the pharma and general benchmark classes reported that they find email to be the
most effective way to share general information internally.


     For the following types of content that could be communicated to you from internal parties, please
                                      choose the most effective tools.
                                              Overall     Pharmaceutical Segment
                                                                                                       83%
                                                                                                    81%




                                                                                         33% 33%
                                                                               29%30%
                                          15%           17%20%         19%
                                   10%                                   10%
           3% 3%           4%                   7%


        Webinars           Blogs/        Voice mail      News          Phone   Face to   Intranet   Emails
                           Social                       letters                 face
                           Media                                               meeting
     N Overall=93        N pharma=30
Copyright © Best Practices®, LLC                                  12
Effective Tools for Best Practices – Overall and
Pharmaceutical Segment
Both the pharma and general benchmark classes reported that they find email to be the
most effective way to share best practices internally followed by the internet and face-to-
face meetings.

     For the following types of content that could be communicated to you from internal parties, please
                                      choose the most effective tools.

                                          Overall     Pharmaceutical Segment
                                                                                                    57%
                                                                                 50%                      50%
                                                                       43%              43%
                                                                              42%             40%
                                                                   35%

                                                24%
                                                        20%
                                       13%13%

                           5% 7%
           1% 0%

        Voice mail         Phone       Blogs/        News          Webinars   Face to   Intranet    Emails
                                       Social       letters                    face
                                       Media                                  meeting
     N Overall=93        N pharma=30
Copyright © Best Practices®, LLC                              13
About Best Practices, LLC



       Best Practices, LLC is a research and consulting firm that conducts work
       based on the simple yet profound principle that organizations can chart a
       course to superior economic performance by studying the best business
          practices, operating tactics and winning strategies of world-class
                                      companies.




                                   Best Practices, LLC
                      6350 Quadrangle Drive, Suite 200, Chapel Hill, NC 27517
                                          919-403-0251
                                    best@best-in-class.com
                                    www.best-in-class.com

Copyright © Best Practices®, LLC                14

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Communications Excellence: Tactics Used by BioPharma Execs to Increase Organizational Effectiveness

  • 1. Communications Excellence: Tactics Used by BioPharma Executives to Increase Organizational Effectiveness Report Summary Best Practices, LLC
  • 2. Project Methodology and Study Objectives Over the years, the communication process has evolved due to technological advances and changes. This research study seeks to identify the most effective external and internal communication strategies and tactics and how people best utilize various communication formats to achieve organizational success/efficiency. This research seeks to explore the most effective and preferred channels & tools of communication, optimum communication frequencies for internal and external communications. Key study objectives Benchmark the tools and usage frequency of executives are making use of for external communication. Identify the preferred and effective channels for external communications. Identify types of internal communication mostly used by executives. Identify preferred medium for internal communication Measure internal communication effectiveness. Copyright © Best Practices®, LLC 2
  • 3. List of Participating Companies Best Practices®, LLC gathered insights a total of 183 leaders from 162 companies from different industry segments across 6 continents. Here is a sampling of the companies that participated. Copyright © Best Practices®, LLC 3
  • 4. Definitions Used in the Research Communication is a process where information is shared between two or more people or organizations. Field researchers used the following definitions to differentiate communication types. External Communication: Any kind of interaction between a person with an outside person, organization or group is termed as External Communication Internal Communication: Any kind of interaction between people in the same or various departments within an organization in order to ensure clarity of information is termed as Internal Communication. Copyright © Best Practices®, LLC 4
  • 5. Usage Frequency of Internet Tools – Overall General search engines are used daily by 71% of the respondents followed by online contents such as websites and blogs (51%) to search work-related information by executives. Web-enabled mobile devices are used by more than half of the respondents to surf information related to work daily of several times a week. Please indicate how often you use the following internet tools for gathering work-related information. Daily Several Times a week Weekly Monthly 1% 4% 5% 18% 27% 28% 14% 23% 35% 43% 28% 12% 19% 20% 26% 19% 22% 26% 71% 14% 51% 9% 42% 17% 31% 31% 14% 14% Online content RSS Feed communities/ Online videos Search engine – content read via Search engine – general/organic (i.e. Websites, Social media on business mobile devices Work-related web-enabled websites Online Blogs) paid N=151 N=148 N=115 N=123 N=85 N=127 N=87 Copyright © Best Practices®, LLC 5
  • 6. Preferred Formats & Effective Tools for General Information – Pharmaceutical Segment The pharma benchmark class’ preferred choice for receiving and sending business information is also via power point presentation deck, followed by word document format. The pharma industry prefers to receive and send business related information either via emails or on internet. Which are your preferred format (s) for reviewing business-related information from external parties? For the following type of content that could be communicated to you from external parties, please choose the most effective tools. Podcast/Audio Meetings 16% 12% file Press No preference 21% 24% Release Online E- 23% 33% Video/Webcast brochures Worddocument 37% Internet 41% Power Point 47% Emails 41% presentation Preferred Format Effective Tools of Communication N=43 N=51 Copyright © Best Practices®, LLC 6
  • 7. Interest and Preferred Time of Checking New Product Launch News – Pharmaceutical Segment More than 80% of the pharma benchmark class was interested in receiving information about new product launch news. Nearly half of the participants preferred to be contacted before 9 AM (46%), followed by being reached between 9 AM – 1 PM (16%) and 1 PM – 5 PM (16%). Please rate your interest in gathering information from or about the resource types below. Please indicate your preferred time to check the following type of work-related external communication. Very Before 9AM 46% 40% Interested 9 AM-1PM 16% Interested 40% 1PM-5PM 16% Not Interested 16% 5PM-9PM 8% Not Very 5% After 9PM 14% Interested Interest Level Time of Checking Communication N=43 N=37 Copyright © Best Practices®, LLC 7
  • 8. Impact of Marketing Communications on Purchase Decision – Pharmaceutical Segment More than half of the pharma benchmark class reported that online advertising had any impact on their decision to purchase. Less than half reported that direct mail had a strong impact on their decision to purchase. Please rate the impact of the following communication channels on your information purchase decision. Very Much Impact Somewhat Impact Very Little Impact Don’t Impact 18% 23% 30% 30% 45% 58% 38% 28% 32% 40% 25% 40% 28% 37% 31% 25% 30% 8% 7% 7% 10% 5% 8% Direct mail Social media Mobile Radio/TV ad Online Telemarketing marketing marketing advertising N=40 N=40 N=40 N=40 N=40 N=40 Copyright © Best Practices®, LLC 8
  • 9. Interest in Types of Information Received – Pharmaceutical Segment More than three quarters of the pharma benchmark class reported being interested in project and task information as well as company and general information. What types of information are you interested in receiving? Product 32% Information Company/general 76% Announcements Project/task 76% Communication N=34 Copyright © Best Practices®, LLC 9
  • 10. Percentage of Redundant Emails Received – Overall & Pharmaceutical Segment The benchmark class reported that about 6 out of 10 external communications they receive are not useful. The pharma benchmark class reported that more than 7 out of 10 external communications that they receive are not useful. What approximate percentages of external communications that you receive are not useful for your work? 1-5%, 2% 1-5%, 4% 6-10%, 2% 6-10%, 4% 11-15%, 5% 11-15%, 8% >20%, 63% >20%, 74% 16-20%, 17% 16-20%, 21% Overall Pharmaceutical Segment N=114 N=42 Copyright © Best Practices®, LLC 10
  • 11. Preference vs. Effectiveness: Internal Communication Using Mobile – Pharma Segment Almost all of the pharma benchmark class reported that they highly preferred using email to interact with their colleagues on their mobile device. Please indicate preference and effectiveness of the following types of internal communication you used to interact with your colleagues through your Mobile. 94% Highly preferred Highly effective 78% 44% 38% 38% 31% 25% 25% 9% 9% 0% 3% Individual Company Voicemail Weekly/branch Podcasts Blogs emails/corporate intranet newsletters emails N=32 Copyright © Best Practices®, LLC 11
  • 12. Effective Tools for General Communication – Overall and Pharmaceutical Segment Both the pharma and general benchmark classes reported that they find email to be the most effective way to share general information internally. For the following types of content that could be communicated to you from internal parties, please choose the most effective tools. Overall Pharmaceutical Segment 83% 81% 33% 33% 29%30% 15% 17%20% 19% 10% 10% 3% 3% 4% 7% Webinars Blogs/ Voice mail News Phone Face to Intranet Emails Social letters face Media meeting N Overall=93 N pharma=30 Copyright © Best Practices®, LLC 12
  • 13. Effective Tools for Best Practices – Overall and Pharmaceutical Segment Both the pharma and general benchmark classes reported that they find email to be the most effective way to share best practices internally followed by the internet and face-to- face meetings. For the following types of content that could be communicated to you from internal parties, please choose the most effective tools. Overall Pharmaceutical Segment 57% 50% 50% 43% 43% 42% 40% 35% 24% 20% 13%13% 5% 7% 1% 0% Voice mail Phone Blogs/ News Webinars Face to Intranet Emails Social letters face Media meeting N Overall=93 N pharma=30 Copyright © Best Practices®, LLC 13
  • 14. About Best Practices, LLC Best Practices, LLC is a research and consulting firm that conducts work based on the simple yet profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies. Best Practices, LLC 6350 Quadrangle Drive, Suite 200, Chapel Hill, NC 27517 919-403-0251 best@best-in-class.com www.best-in-class.com Copyright © Best Practices®, LLC 14