Welcome to the "new world" for the Pharmaceutical and Medical Device industry. The past rigid, vertically integrated institutions are evolving into flexible, international collaborations of alliances, in-licensed, out-licensed products commercialized by contract research, manufacturing and sales networks working in the cloud. Wow! That's a mouthful. While it sounds like chaos, it is really the way of the future as it creates the broadest opportunity for success at the lowest infrastructure cost. Successful firms will be those that harness the diversity and find a way to work in the decentralized environment. Jim Bedford and Jill Schubmehl will discuss how forward thinking companies are using collaboration processes and IT tools (such as SharePoint and SalesForce.com) to work effectively in the new world. A specific process to harmonize data and processes for an international alliance function will be reviewed. Join us to learn how your functions can prosper in the "new world".