Job
Description
Division
Corporate Strategy Department Strategy Sub Department 1 Job Purpose Lead Initiatives in Corporate Strategy function in developing the organization's short term and long term strategy and planning, incubating new businesses, playing an important part in driving Innovation and Pioneering agenda of the organization (developed as per Hubble Strategy 2028), identifying right set of companies/ institutions/ universities for fostering alliances with Cipla, conducting relevant analyses and business modelling, analysing market data and inputs received from different BUs (business units), ensuring continued growth for Cipla The position should bring relevant opportunities to the attention of top leadership, which can help to meet organization objectives Key Accountabilities (1/2) Contribute to the development of the organization's overall short term and long term business strategy and planning to ensure continued growth for Cipla Proactively evaluate potential, novel growth strategies that build on the firm's current business through expansion into new geographies, markets, therapeutic areas, innovation and related businesses Conduct relevant analyses and business modelling, collate and analyse inputs received from the different stakeholders and derive insights Articulate desired goals in passion areas of Cipla and craft strategy to achieve such goals Establish alliances with other companies for possible partnership/ investment/ acquisition in chosen areas of interest for the organization to bring in key capabilities/ required to meet long term business objectives Gauge business interest and conduct due diligence of select partnerships with support from medical, portfolio, clinical, IPD etc Support corporate wide strategic-planning processes Key Accountabilities (2/2) Support in developing business model of the organization basis market realities/ pre-empt the change Proactively monitor and track on an ongoing basis, all internal and external events affecting the organization; esp new therapy areas, new disease profiles, R&D happening in healthcare space Identify levers for growth ? new portfolio, inorganic options for growth, etc Drive generation of insightful analysis including competition analysis through development and application of tools and models to enhance the quality of decision making Keep a close eye on the trends impacting healthcare sector Assess evolving needs of the business and develop action plan to remain ahead of the curve, vs responding to the situation Provide incubation support to the new business incubated in Cipla and handhold it during initial phases Major Challenges Working in a dynamic and ambiguous environment without any definite outcomes Develop understanding on gamut of areas, most of the times, not belonging to comfort areas, such as, new age technologies in pharma/ life sciences world, health tech space Ensuring output from team members not directly reporting to this role Aligning multiple key stakeholders when there are diverse and different view points Overcome by: Influencing team members with data, content and results oriented attitude Dependency on internal BUs/functions to complete the task on time Overcome by: Striving to manage and govern the projects on periodic basis Key Interactions (1/2) Portfolio ? for introduction of new products and therapy areas frequent Medical AffairsTo understand diseases, unmet need, patient and doctorsperspective better and mechanism of action of drugs better IPD ? Drug formulation, clinical trials, regulatory Cluster Heads/ Department Heads/ Regional head on need basis Key Interactions (2/2) Consulting firms Potential partner companies/ start-ups/ universities/ govt bodies etc/ foundation/ research organizations/ non-profit organizations Portfolio companies of Cipla CVC Dimensions Robustness of the plans, quality of analysis and feasibility of recommendations, post deal success measures, implementing plans ahead of the competition Key Decisions (1/2) Most of the decisions taken are critical and multi-million dollar investment, hence, need to go to Cipla Board for approval Depending upon the nature of activity, certain decisions are taken up by this position and some are guided by CEO/ CFO/ Head ? Corporate Strategy Key Decisions (2/2) Organizational strategy ? New business initiatives, Strategic planning, partnership opportunities Education Qualification MBA from a Tier 1 B School (B Pharma/ B Tech in Biotech/ Biomedicine added advantage) Relevant Work Experience 5-8 years overall experience, with experience preferably in consulting/ strategy / corp dev function of other healthcare companies Skills Business acumen Long-term thinking Analytical and problem solving skills Attention to detail Influencing and stakeholder management Communication and presentation skills esp in cross cultural settings MS Office including MS Excel and MS Powerpoint
