Medical device company requires an integration framework
“When you are new to a role, organizing and prioritizing your objectives can’t properly start without first establishing a strategic map for the journey ꟷ one that has buy-in from the rest of the company.”
Grant Thornton Advisors LLC
At a glance
Client
Medical device maker
Industry
Life sciences
Our role
Helping develop integration framework
Our solution
Guidance and strategic input
Medical device maker’s integration journey spurred by structured plan
Scenario
A medical device manufacturer’s new strategy leader needed to integrate multiple divisions under one new unified strategy and operating model but lacked an established planning framework to do so. This leader needed expert guidance to develop a cohesive strategic planning approach.
Approach
Grant Thornton evaluated the company’s preliminary strategic plan, provided structured frameworks based on industry leading practices, and developed comprehensive workshop materials to facilitate leadership alignment and strategic input collection.
Result
Our client received a comprehensive strategic planning framework and workshop methodology that positioned their leadership team to gather critical inputs, align priorities, and advance the integration initiative with greater confidence and direction.
Scenario
Medical device company seeks strategic support
A leading medical device manufacturer was embarking on a significant organizational transformation. The company aimed at integrating its manufacturing business and its service business to eliminate duplicated functions and drive operational efficiencies. To lead this initiative, the company created a new strategy position and promoted an internal leader to this role. As the first person in this position, the new strategy leader faced several challenges:
- Need to establish frameworks or templates for facilitating the planning process
- A preliminary strategic plan that required better structure and cohesion
- An upcoming global leadership workshop requiring careful facilitation to gather critical inputs
- Organizational complexity with numerous stakeholders across multiple business units
The strategy leader needed to deliver on their mandate quickly while navigating organizational changes. Company leadership recognized that outside guidance would accelerate progress and provide valuable structure to their planning efforts.
Approach
Our team delivered a framework for firm transformation
Grant Thornton conducted a targeted six-to-eight-week engagement focused on establishing a robust strategic planning framework and preparing for a critical leadership workshop. Our approach included:
- Evaluating the company’s preliminary strategic plan to identify strengths and areas for improvement
- Creating a comprehensive strategic planning framework tailored to the business’s context
- Connecting disparate planning elements into a cohesive structure that clarified relationships between strategic components
- Incorporating financial assessment methodologies to ground strategic initiatives in business performance realities
Our team helped develop a detailed workshop agenda with clearly defined objectives that created activity-based sessions to drive high engagement from leadership participants. This involved running breakout exercises to generate specific inputs needed and preparing facilitation guides with clear instructions, pre-work requirements, and desired outputs. The work also helped equip the strategy leader with methodologies for future planning cycles as well as guidance on presenting strategic plans to executive leadership.
Throughout the engagement, Grant Thornton served as a trusted advisor, bringing experiences from similar transformations to help the company establish a planning approach that would support its vision.
Result
New framework helps ensure strategic vision
The engagement delivered tangible outcomes that positioned the company for successful strategic planning. A comprehensive framework was created that organized previously disconnected planning elements, with a clear context for how individual planning components contributed to the broader strategic vision. There was alignment between the strategic planning approach and the company’s transformation goals
A workshop facilitation package was created with detailed agendas, activities, and instructions, containing activity-based methodologies designed to maximize leadership engagement and input collection.
The work helped enhance the strategy leader's confidence and capabilities in facilitating strategic discussions, providing a foundation for communicating strategic direction across the organization.
All this work accelerated progress toward the integration effort through structured planning approaches, creating alignment mechanisms that brought together perspectives from different parts of the organization.
Related Resources
Connect with our team
Zara Muradali
Head of Life Sciences Industry
Grant Thornton Advisors LLC
Principal, Tax Services
Zara Muradali is the Head of the Life Sciences industry and a Tax Principal based in the Boston office.
Boston, Massachusetts
Industries
- Life Sciences
- Healthcare
- Technology, Media & Telecommunications
- Private Equity
Service Experience
- Corporate Tax
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This Grant Thornton Advisors LLC content provides information and comments on current issues and developments. It is not a comprehensive analysis of the subject matter covered. It is not, and should not be construed as, accounting, legal, tax, or professional advice provided by Grant Thornton Advisors LLC. All relevant facts and circumstances, including the pertinent authoritative literature, need to be considered to arrive at conclusions that comply with matters addressed in this content.
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