Savant Pharm
Industry: Manufacturing
Inducted: 2014
Regions: americas
Country: Argentina
Announcement Excerpt:

Upon launching a new vision in 2005 – to generate higher margins for pharmacists and more affordable drugs for end consumers – Argentinian pharmaceutical company Savant adopted the Balanced Scorecard to manage and measure intangible assets and develop new internal capabilities. Growth resulted from focus on international business development, innovative market segmentation, and continuing efforts to provide more and better products. After eight years of BSC use (2005-2012) and completion of two successive strategic plans, Savant multiplied its revenue twelve-fold. Over this same period the number of active clients grew by a factor of ten, overall equipment effectiveness doubled, revenue per employee grew by 3.5 times, and employee satisfaction reached 80%.