WHY GOING TO WORK SHOULD BE LIKE COMPETING IN A SPORT
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In this new "InWeekend" series premiere of the podcast, the host, Tim Mikhelashvili, CEO of Amedea Pharma shares real world lessons from his career in the Medical Affairs function in the pharmaceutical industry to propose a modern approach to raising new standards in healthcare quality and ways of working in an environment constrained by resources and increasingly exposed to data.
He reviews 1 validated organizational change framework, 1 global case study, 5 latest research studies and benchmarking reports in the field or across different industries, cites clips from an organizational change expert Ron Carucci and a double Olympian swimmer Chris Cook to debate why work should be like a sport for a diverse, multi-functional profession not directly tied to revenue, to consistently improve its Medical Impact on patient outcomes and business profit.
0:09 Intro
0:47 "InWeekend" Series Premiere Description
1:14 Episode Intro
2:18 Change Perspective from Performance Review to Personal Record
3:15 Article Overview - Approach to New Ways of Working
3:40 Lessons from Career
4:25 What "Going to Work as if Competing in a Sport" means for Medical Affairs / Healthcare
4:56 Merging principles of Sportsmanship with Science at Amedea Pharma
5:04 Selecting the Right Data from Limitless Options to Show Medical Impact
6:31 Breaking Down Performance into Activities and Outcomes to make Metrics Meaningful
7:30 Metrics and Human Ambition addressing the Competitors in All of Us
8:27 Three outcomes of avoiding human ambition as leaders
11:19 Implicit vs Explicit Competition in a real-world case study
13:36 Origin of We vs They Internal Rivalries
15:22 Case Studies of Medical Affairs directly generating revenue
17:05 Cost of Decreased Cross-Functional Collaboration - Clip from Podcast with Ron Carucci
20:06 Healthcare as Cost vs Investment
22:21 Why Sports adds Certainty and Objectivity to Healthcare
23:17 Lack of personal recognition in Medical Affairs
24:11 Sports - Celebration of Personal Accountability
24:30 Why work is more like war today than sports
25:34 Addressing skeptics - why introduce more pressure through sports at work?
26:58 How true sports view of work sparks life in least competitive employees
27:41 Medical Affairs Innovation Olympics case study
29:19 ToMo - Total Motivational Factor Score Model overview
32:32 - Common Organizational Processes that improve employee motivation / engagement
34:27 Performance Evaluations Irrelevant to Job Role - recent research
35:15 Latest Medical Affairs Metrics Benchmarking Results and Gaps in meaning and analysis
39:50 Our Approach to Performance reflects how we view our responsibility
40:01 Recent study on lost productivity and money on subjective performance management
40:17 Recent HBR research on comparing employees against themselves versus against each other
41:57 Three questions to consider to improve performance metrics
43:04 Argument - what if we change/raise standards of performance management?
44:02 Chris Cook - Double Olympian swimmer's advice in a short podcast clip: Compete more often against yourself and against more people
48:54 The Competition Paradox: Lesson
49:33 Three Myths vs Facts on Performance Metrics
50:56 Final Advice to Stretch Yourself in Life
51:57 Personal Invitation to Sign Up for the 2024 Medical Affairs Innovation Olympic Trials
77 episodes