WEBVTT 1 00:00:00.450 --> 00:00:02.850 You called your strategy, if I'm correct, 2 00:00:02.850 --> 00:00:05.775 stronger, bolder, and simpler. 3 00:00:05.775 --> 00:00:08.670 How do you leverage Teva's organization, 4 00:00:08.670 --> 00:00:12.360 the talent you have, to make this a reality? 5 00:00:12.360 --> 00:00:13.770 It's a great strategy, 6 00:00:13.770 --> 00:00:15.660 but I think most strategies fall down 7 00:00:15.660 --> 00:00:17.700 when they come to implementation. 8 00:00:17.700 --> 00:00:19.230 And the implementation comes down 9 00:00:19.230 --> 00:00:20.970 to a bit of governance process, 10 00:00:20.970 --> 00:00:23.940 but the key thing is people. 11 00:00:23.940 --> 00:00:25.740 So do we have the quality of people 12 00:00:25.740 --> 00:00:28.620 and the capability within our people at Teva? 13 00:00:28.620 --> 00:00:30.870 And I think the thing we've done particularly well here, 14 00:00:30.870 --> 00:00:31.703 if I may say so, 15 00:00:31.703 --> 00:00:35.310 is we've developed this strategy within Teva, 16 00:00:35.310 --> 00:00:37.020 within our executive management, 17 00:00:37.020 --> 00:00:40.530 and the people below that have done that hands-on. 18 00:00:40.530 --> 00:00:42.090 So you'll see on our strategy 19 00:00:42.090 --> 00:00:44.670 the fingerprints all over it are Teva employees. 20 00:00:44.670 --> 00:00:47.280 Now, that is critical because they really believe in it, 21 00:00:47.280 --> 00:00:48.690 they've built it, they own it. 22 00:00:48.690 --> 00:00:51.660 My belief is when we come to execute this, 23 00:00:51.660 --> 00:00:52.770 they'll execute it 24 00:00:52.770 --> 00:00:55.050 with the same passion that they developed it 25 00:00:55.050 --> 00:00:56.520 because it's theirs. 26 00:00:56.520 --> 00:00:57.690 And the other thing is, 27 00:00:57.690 --> 00:01:01.023 it makes a lot of sense to simplistic terms. 28 00:01:02.250 --> 00:01:03.973 It's, we've designed it to such a level 29 00:01:03.973 --> 00:01:06.100 that we know exactly what we need to do 30 00:01:07.140 --> 00:01:10.470 each quarter of each year and each year. 31 00:01:10.470 --> 00:01:12.270 So we're transitioning from a strategic plan 32 00:01:12.270 --> 00:01:13.860 into an operation plan. 33 00:01:13.860 --> 00:01:15.450 And I think that will give the people 34 00:01:15.450 --> 00:01:18.180 and the employees of Teva a real grasp 35 00:01:18.180 --> 00:01:19.560 of what they have to do 36 00:01:19.560 --> 00:01:22.263 and an understanding why and the impact it will have.