Over the course of our 25 years in the business, we've realized that when a life sciences company launches a complex alliance, the plan tends to gravitate towards two simultaneous paths: one focused on getting the work done and achieving specific milestones, and the other focused on setting things up (e.g., establishing decision-making processes, communication plans, and governance structures).
The natural tendency is to immediately jump to the “whats” — the work that needs to be done. The difficulty is that in order to complete all of the work and meet milestones time and time again, you have to put in place the “hows” — how the teams will make decisions, communicate, and work together. The biggest piece of launch process deliverables is to include items that help ensure you can answer the “how” questions.
Once the whole team agrees on those deliverables, a plan can be developed that could then be managed against.
While each of our clients may be at a different starting point, we’ve identified a number of deliverables that typically must be created in the first 100 days of an alliance:
The First 100 Days: A Checklist
- Diagnostic Report with a set of going-forward recommendations
- Agreed upon vision and goals for the alliance
- A joint scorecard based on the alliance goals
- Fully defined, staffed, and operational alliance committee and team structure
- Charters (including mission, purpose, goals, key decisions, meeting norms, etc.)
- Identified goals, challenges to meeting them, and plans for managing each challenge.
- Working together norms and rules of engagement
- Commitment tracking mechanisms, within and across
- Key business processes articulated as working together processes
- A map of key decisions, with clarity around how each is made and which internal and/or joint committees/stakeholders should be consulted before and informed after
- Key internal stakeholder understanding of the partnership
- External and internal communication plans
- IT infrastructure and enabled information sharing/data exchange
- A set of Alliance Behavioral Principles and a plan for embedding them
- Enhanced alliance management skills across the alliance
- Agreed inclusion of alliance accountabilities in personal objectives
- Process for tracking contractual commitments
- An integrated calendar to strategically plan milestones and committee meetings
Every alliance launch is different, of course. Our experience spans 25 years, and we’re here to help set the stage for your next alliance.
You can download a formatted pdf of the checklist using the button below.