Pharmaceutical Company Turnaround

Situation

A pharmaceutical Company affiliate in the UK was failing with 30% staff turnover, failure to meet financial targets and key functions absent or vacant

Action

“Established a clear Vision and Strategy with engagement of all staff. This included establishing a new culture, new teams and capabilities and business models. New affiliate wide reward recognition and incentives schemes were introduced.
An new affiliate in Ireland was established moving from 35th to 12th in the Industry rankings in 4 years.”

Result

5 year compound annual growth rate of 19% Profits doubled and staff retention soared Best Place to Work Citations in 2006 and 2008 Staff regularly received national awards

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