7. Went global through outsourcing. In just 15 months, NPS expanded globally and now has 215 employees in 30 countries. Outside experts are now relied on for all non-core activities, including drug discovery and R&D, while core competencies remain in-house, including late-stage clinical development, regulatory, commercialization and compliance.
LESSONS LEARNED
“My motto is to be successful by being different exceedingly well,” Nader says. “We have an absolutely crystal clear mission and vision for where we’re headed and we make sure every employee understands it. We hire people who share the same values as the company.” Turnover at the company is about 4%, compared to the industry average in pharma of 10%-15%.
Excellence, Nader says, is not negotiable. “Our goal is to execute with zero margin for error. We make mistakes, everyone does. But when we identify a mistake, we correct it immediately and proactively.”
Nader offers the following advice to others who are attempting a turnaround: “Start with a blank sheet of paper. If you don’t, then you start with the past, and it’s very difficult to build the future when you have the past in the way. And be true to your values, that’s not negotiable. With that, the sky’s the limit.”
Dr. Nader is CEO of NPS Pharmaceuticals Inc. He received the EY Entrepreneur Of The Year 2013 National Life Sciences award.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
