|More from: | McKinsey |||
In a sector undergoing unprecedented change, five muscles will define the successful leaders of the future.
A new competitive landscape is emerging in life sciences as demographic shifts, mounting cost pressures, advancing digitization, emerging scientific breakthroughs, and powerful new competitors are reshaping the sector. Successful life-science organizations will look very different in the future than they do today. They likely will be smaller; more specialized, automated, digital, and agile in their operations; more sophisticated in their commercial approaches; and more integrated with providers, partners, and consumers.
The leadership skills needed to shape and lead these organizations will also be quite different. Progressive CEOs and chief human-resources officers (CHROs) are investing in leadership development, focusing on the skills they will need to
About | McKinsey |
McKinsey is a global management consulting firm that serves a broad mix of private, public and social sector institutions. We help our clients make significant and lasting improvements to their performance and realize their most important goals. With nearly a century of experience, we’ve built a firm uniquely equipped to this task.
Our work is founded on a rigorous understanding of every client’s institutional context, sector dynamics, and macroeconomic environment. For this reason, we invest more than $600 million of our firm’s resources annually in knowledge development, learning and capability building. We study markets, trends, and emerging best practices, in every industry and region, locally and globally. Our investment in knowledge also helps advance the practice of management. We publish our findings extensively, and we engage with leading thinkers on the most pressing issues facing our clients and society.