Alleviating fear, uncertainty and doubt
Life sciences companies continue to face external pressures and challenges that are unique to other industries. Almost every aspect of the business – from research and development (R&D), sales and marketing, to manufacturing and development – is affected by the driving forces of fear, uncertainty and doubt, arising from:
- Complex and evolving global regulations
- Risk overload of executive and management teams
- Changing expectations from stakeholders
- Greater emphasis on innovations that serve smaller – and often more competitive – patient segments
Effective enterprise risk management (ERM) can alleviate the fear, uncertainty and doubt that affects management’s decision-making skills, and most notably the speed by which risk-informed decisions can be made.