An “Executive Peer Network” called the Executive Roundtable will be hosted by CJPS Enterprises around the state, and will provide continuous learning, mentoring and development for chief executives, executive directors, general managers and business owners in a peer group setting over a 12-month period. There is one all-day session, and a one-hour individualized session each month with the facilitator.
This Executive Roundtable, hosted by CJPS Enterprises — the operator of the Michigan Pipeline — is a group comprised of CEOs, executive directors, general managers, and business owners interested in growing their medical device or life science business in the state of Michigan. It provides continuous learning, mentoring and development for these individuals in a peer group setting.
By learning about best practices for high business growth, getting an understanding of the local available competencies, and knowing more about the capabilities in Michigan, these executives benefit greatly from a formalized exchange of ideas amongst their peers because they are exposed to highly efficient ways to expand their healthcare business in Michigan, as has been demonstrated by peer networks nationally.
This network helps each participant with the bigger issues of managing a company. The size of companies that these executives run covers a wide range, from startups to multinationals. This mixture of different-sized companies allows for a broader perspective than would be possible if they were categorized only by company size.
These interactions have, as a goal, to provide a powerful exchange of knowledge that occurs at the local and state levels. Executives and owners from non-competing companies will get together for a monthly meeting facilitated by Christophe Sevrain. The four elements of these monthly executive roundtable meetings are as follows:
- Interactive Lectures
- Hands-on workshops
- Peer information exchange
- One-on-one sessions
1) Interactive Lectures:
Topics vary depending on the groups’ needs, are tailored to the chief executive, and include topics such as:
- Intellectual Property (IP) Creation, Licensing, and Management
- Diversification — Building Breakthrough Businesses Within Established Organizations
- Marketing / Engineering collaboration to reduce time-to-revenues
- Sources of financing available to Michigan Companies
- Execution / Management System Mapping
- Strategic and Business Planning
- Decision making processes
- Sales Techniques and Personalities
- Medical devices regulatory
- Acquisitions and divestitures
- Change Management
2) Hands-on workshops:
Hands-on workshops on selected business topics will be provided, which will enable participants to keep up-to-date with the latest and best management ideas, issues and practices from around the world.
3) Peer information exchange
At each meeting a participant may raise an issue and the group will share their knowledge and experiences to help brainstorm solutions to that particular challenge. This peer information exchange provides a vast array of expertise for any issue, enabling each Member to draw on the many years of business and personal experience within the group. The interaction with other attendees of the group on the group meeting day is also a critical element in this process as are the speaker sessions and the networking opportunities.
4) One-on-one sessions
Additionally, one-on-one sessions will be provided to each participant on a monthly basis to conduct a business review where key issues and opportunities are discussed in depth in an individualized atmosphere. The one-on-one “coaching” is only part of an overall process to help these executive increase their chances of success in the medical device industry.
It is the combination of these four elements that provides such a powerful and valuable package to these executives.
Membership in each regional group is limited to six to ten executives. We have one such roundtable in Oakland County, and we are creating another one on the western side of the State. More will be created based on demand. The annual fee for these 12 all-day roundtables and 12 one-on-one sessions is $5,000 for each executive, per year.