Four Practices That Can Boost R&D Efficiency and Effectiveness

Highlights from our telewebinar:

Four practices that can
BOOST R&D efficiency
and effectiveness

and preserve your company’s
future during tight times
Presented by Nancy Parenteau, Ph.D.
Parenteau BioConsultants, LLC
www.strategicbiotech.com

Topics
 Reconnecting efficiency with effectiveness
 Retooling? What never to short change
 Outsourcing that creates efficiency but doesn’t
compromise effectiveness
 Creating a lean mean game plan that won’t rob
your company of its future

© 2009 Parenteau BioConsultants, LLC

617-275-4445 www.strategicbiotech.com nlp@parenteaubc.com

Efficiency and Effectiveness
 Success needs both working together
 How the relationship is strained in tight times
 As pressures mount a team will focus on being
efficient but may lose sight of the most effective
outcome
 A way to bring them back together
 Measure every effort against the long-term
objective



What would you rather do?
 Keep on plugging  Retool to gain efficiency
 Hunker down and try to  Use time and money more
wait it out effectively
 Cut corners to conserve
 Finesse your use of
science to keep progress
cash or
percolating with less
 Leave one egg in the effort
basket and hope that it  Hone a purpose-driven
hatches effort focused on the
reaching a high value
target © 2009 Parenteau BioConsultants, LLC


Retooling
What really is valuable?
 Determining what you really need, when
Prioritize rather than throwing babies out with the
bathwater!
 Knowledge that allows you to make wise, informed
decisions.
The better your decisions, the better your chances, not
matter what your resources.



Outsourcing
 What should a resource do for you?
 Quickly add expertise when it is needed, where it is
needed
 Good outsourcing allows you to be good at everything!

 Outsourcing that maximizes efficiency
 Your internal talent is able to do what you hired them for
 Outsourcing that doesn’t compromise effectiveness
 Outside experts can often do certain jobs more
effectively and efficiently than less experienced internal
staff. The added benefit is that the internal staff then
learn from the experts!



A lean mean game plan that
means business…success
 Efficiency and effectiveness are inseparable
 Knowledge is hard at work
 Prioritization helps the effort continue to build value
 keeps efforts on target
 prioritizes resources for maximum use of a day and a dollar
 generates momentum

 Outsourcing is used with precision to
 Save time and money
 Fill gaps in expertise
 Preserve the best use of internal skills and core competencies



Summary
 Maintain the marriage of efficiency
and effectiveness with perspective
 Work your knowledge
 Outsource with precision
 Unify performance and prioritization
by maintaining a clear sense of what
the efforts ultimately need to produce
with a firm belief that it will be To your success!
produced.
To listen to the complete 60 minute webinar and obtain the unabridged slides go to:
http://www.parenteaubc.com/fourpracticestelewebinar.html



Four Practices That Can Boost R&D Efficiency and Effectiveness

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