CHAPEL HILL, N.C., July 20, 2012 /PRNewswire/ --During this period of political, economic and social turbulence, the Government Affairs function has become critical to protecting an organization's position in the marketplace. But the Government Affairs group and its subgroups - which include Federal, State, International Affairs and sometimes Public Policy - face myriad activities involving both internal and external partners.
To help pharmaceutical companies create and maintain an effective Government Affairs group, Best Practices, LLC conducted a research project to identify key Government Affairs structures, resources, services and priorities across the bio-pharmaceutical industry.
Some of the benchmarks to surface regarding Government Affairs structure, resourcing and responsibilities were:
- Almost half of research participants - 47 percent - said their Government Affairs group reports to the CEO.
- For critical services such as state, federal and international GA, the Government Affairs function places a high emphasis on clearly designating roles and responsibilities with both internal and external resources.
- When Government Affairs budgets are examined in terms of investment per GA staffer (on a Full Time Equivalent or FTE basis), the average investment is $293,519 per Government Affairs staff member.
The report, Government Affairs & Public Policy Excellence: Optimizing Group Structure & Operations, contains an array of benchmarks regarding Government Affairs and Policy structure, resources and activities. The 75-page report contains 150 metrics and 28 narratives to help inform leaders in Government Affairs and Public Policy who are attempting to align their structure, resources and activities with corporate goals and internal customers' needs.
The research project attracted 16 executives and managers from 15 leading pharmaceutical, biotech and medical device companies including, eight Top 20 pharma companies. Additionally, the research reflects on deep-dive interviews with selected participants.
Key Topics of this report include:
- Trends and Drivers of Sub-Group Structural Evolution
- Structural Models
- Staffing Benchmarks
- Funding Levels and Sources
- Service Levels and Priorities
- Responsibilities
- Communicating the Value of Government Affairs & Policy
Executives and managers involved in Government Affairs and Public Policy can use this research to compare their Government Affairs and Public Policy structure, resources and responsibilities with those of leading organizations.
Download a complimentary report summary at: http://www3.best-in-class.com/rr1162.htm.
ABOUT BEST PRACTICES, LLC
Best Practices, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations. Best Practices, LLC believes in the profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.
SOURCE Best Practices, LLC
