There\u2019s a reason business lingo has so much of what I would call \u2018war words\u2019: Starting with the all-famous \u201cstrategy\u201d, to \u201ctarget\u201d, \u201cguerilla tactics,\u201d \u201cmission,\u201d \u201cred ocean\u201d and so on.<\/p>\n

The way I see it, the reason is that in war as in business, rivals compete ruthlessly for the same reward in a challenging and difficult environment. They are often driven by either similar or opposing ideology. There are some ground rules, aka \u201cRegulation\u201d with which both must comply with.<\/p>\n

And\u2014in both cases—only survivors get a second chance.<\/p>\n

This is especially true for the global pharmaceutical industry, where regulatory compliance spells everything, from a company\u2019s arsenal (read Life Sciences Value Chain) to the extent with which it can compete in a market.
\nWhat changes with each business generation is who:<\/p>\n

\u2022 Calls the shots (Decision makers, \u2018War Room Strategists\u2019)
\n\u2022 Gets to fight at the front (The executors, implementers, \u2018Troops\u2019)<\/p>\n

Traditionally, Compliance and Transparency professionals were seen to belong to the former category. According to the popular view, they had \u2018desk jobs\u2019 with plenty of number crunching and recommendations for future action but no direct action toward the company\u2019s profitability or survival. In an industry such as Big Pharma, where individual stakeholder action drives business, it was reinforced manifold.<\/p>\n

Misleading as that view was, it endured for quite some time.<\/p>\n

Before the age of Big Data sets in.<\/p>\n

Today, the line between strategists and front-line soldiers has blurred to a large extent. With access to pharma business intelligence, compliance, and transparency, professionals are in a position to foresee and take preventive action<\/a><\/strong> on concerning developments.<\/p>\n

And this isn\u2019t just limited to their own company. With access to better data management tools, they can make soundly-backed decisions on underexplored competitive space and a drug\u2019s brand growth.<\/p>\n

There\u2019s much more to be said of pharma compliance\u2019s new role in the Data Age. Keep visiting to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"

There\u2019s a reason business lingo has so much of what I would call \u2018war words\u2019: Starting with the all-famous \u201cstrategy\u201d, to \u201ctarget\u201d, \u201cguerilla tactics,\u201d \u201cmission,\u201d \u201cred ocean\u201d and so on. The way I see it, the reason is that in war as in business, rivals compete ruthlessly for the same reward in a challenging and […]<\/p>\n","protected":false},"author":118,"featured_media":22396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[207,206],"tags":[],"class_list":["post-14544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doj","category-life-sciences-compliance"],"acf":[],"_links":{"self":[{"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/posts\/14544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/comments?post=14544"}],"version-history":[{"count":3,"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/posts\/14544\/revisions"}],"predecessor-version":[{"id":20501,"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/posts\/14544\/revisions\/20501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/media\/22396"}],"wp:attachment":[{"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/media?parent=14544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/categories?post=14544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stg.qordata.com\/wp-json\/wp\/v2\/tags?post=14544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}