LUNDBECK The specific tools delivered included: A one-pager – i.e. a singe-sheet overview of key figures and their development An excel sheet that clearly shows KPI definitions, data collection methods, the persons responsible, etc. A governance process to ensure that the KPI cockpit is operated with speed and efficiency All these initiatives help ensure transparency on an everyday basis – while making sure that overviews provided are base for right decision-making by the corporate management group. THE RESULT S SECTOR Pharma EXPERTISE • Strategy and M&A • Business transparency After the KPI overview was established, the management and their employees can operate with greater confidence as they strive to meet the overall strategy objectives. KPIs are updated monthly, so if there is a need to adjust strategies or to take corrective action, this will become apparent at a much earlier stage than before – the overall structure makes sure that all critical areas are monitored regularly. Besides, the corporate management group is fully aligned as regards the progress of strategic objectives: everyone knows what is supposed to happen – and if this is actually happening. As a secondary effect, a more result-oriented culture has begun to pervade the entire corporate management group. Finally, everyone saves time. Less time is spent on keeping fellow managers informed, and decision on critical issues can be made with greater speed and efficiency than before.
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