The essentials for getting your KAM strategy right
There are many factors currently affecting KAM initiatives - lack of buy-in from internal stakeholders, poorly understood customer needs and an inability to creatively build long-term sustainable relationships with buyers and prescribers. With KAM being applied widely, what are the key research, staff, management and communication touch points that will really deliver customer value and give you a profitable voice in the market?
Get our report, Effective Pharma KAM Teams: Challenges and solutions from the front line (2016). Click here to view the sample pages.
Effective Pharma KAM Teams: Challenges and Solutions from the front line shines a spotlight on the challenges facing KAM in 2016 and presents practical solutions for improvement. Learn from leading experts about how companies such as Leo, Genentech and Pfizer (see who they are) learnt what works and what pitfalls to avoid.
“We have to ensure that the planning actually has identified true customer needs, not something we've jury-rigged to say you need…”
Answering key questions:
- The right people for the right job: Too often KAMs are rebadged sales reps. Good people with the wrong skills. What are the essential KAM skills and how can you get it right when recruiting?
- Real collaboration: Understanding customer needs is critical for successful KAM. How can KAMs prepare with robust research to ensure successful engagement?
- Internal buy-in: KAM will fail if there is not widespread buy in from internal stakeholders. What can KAM professionals do to ensure their colleagues are on their side?
- Cross-function or dysfunction? What can KAMs do to ensure the business initiatives are fully supported by cross functional teams?
- Training for excellence: What role can training play in refining and improving KAM skills and how can outside providers help?
- Incentives: How can you incentivise KAMs and what are the key motivators that drive success? Is it possible to create broader KAM buy-in through incentives for other functions?
- No panacea: There is a drive to employ KAM everywhere – but when is it wise to consider other sales/communication methods?
With this report you will be able to:
- Understand the fundamental requirements for a successful KAM programme
- Ensure you have the right people with the right skills in the right role
- Appreciate the need for management to support KAM initiatives throughout the organisation
- Understand how research and customer needs assessments can bring advantage even before the first call is made
- Ensure buy-in to KAM from colleagues in marketing, sales, medical and market access
- Know the drivers and incentives that will get the best out of your KAM team
- Identify when and where KAM will be most effective and avoid wasting time and money in less productive areas
Key Topics explored
- Good reps make bad KAMs. True or false? KAM is about creative business planning, strategic thinking, alliance building and clear stakeholder communication –skills that can be found inside and outside the pharma industry.
- KAM is not a short term solution for sales downturn – it’s about building long-term and sustainable relationships based on customer need, value and benefit
- Understanding customer needs is about listening and research and then creating a solution that works for the customer. Pre-packaged solutions created to meet assumed needs will not work.
- If senior company leadership does not actively support KAM it will always be a marginalised effort struggling for support and resource
- KAM has both internal and external stakeholders – and needs to communicate effectively with both
- Money, training and prestige – what drives and motivates successful KAMs?
- Heléna Bargiel, Head of Global Field Force Excellence, Global Patient Solutions and Strategic Marketing, LEO Pharma
- Ashok Bhaseen, President of Thyroid Federation International; former Vice President of Marketing and Sales at Pediapharm
- David Hennessy, National Sales Director, Genentech
- Robert Perry, Former Strategic Account Manager, Zoetis
- Matt Pitzel, Managing Partner at Kamelon Partners; former head of Pfizer’s Account Management Organisation
- Matt Portch, Former North America Global Innovative Pharmaceuticals, Team Lead, Commercial Effectiveness, Pfizer
- Viv Rees, Performance Director at Ashfield Insights & Performance; former Learning and Development Manager, Lundbeck U.K
- Adam Wood, Manager Australia Operations STEM; former Head of Training and Sales Excellence, Global Commercial Operations at Bayer Pharmaceuticals
FirstWord is an innovative industry intelligence leader serving over 240,000 Pharma and MedTech professionals worldwide. FirstWord offers a range of products and services designed to help your company gain a competitive edge by making key business decisions with speed and confidence.
- FirstWord Pharma PLUS is a personalised and comprehensive intelligence service delivering up-to-the-minute pharma news, insight, analysis and expert views of importance to your company’s success.
- FirstWord Reports deliver timely, need-to-know intelligence about your products, your competitors and your markets. Covering biosimilars, market access, medical affairs, sales & marketing, technology and therapy areas, FirstWord Reports provide expert views and intelligence on the challenges facing pharma today.
Dossier reports present unbiased and concise analysis based on interviews with leading industry experts on important trends and challenging issues affecting the pharma industry today.
Questions? Please contact us at firstname.lastname@example.org.
Real collaboration: Understanding customer needs is critical for successful KAM. How can KAMs prepare with robust research to ensure successful engagement?