Why our ownership structure gives an advantage to our customers when expanding in Asia

Like most organizations, Advanced Clinical is also seeking to leverage the burgeoning and innovative Asian #healthcare markets. While being publicly listed may give access to significant capital and enhanced visibility, there are compelling reasons for being privately owned. We enjoy and share the advantages of private ownership with our sponsors:?

Stability

In terms of stability, private ownership provides us with a more controlled and secure operational environment. Public companies face pressures from shareholders, market volatility, and quarterly earnings expectations. These elements can induce short-term thinking and reactive decision-making, thus jeopardizing long-term stability.

Conversely, privately owned organizations, without the continuous demand for immediate returns, can adopt long-term strategies. They can invest in research, infrastructure, and market penetration efforts at their own pace, leading to sustained growth. This is particularly important when entering Asian markets, where understanding cultural nuances, building relationships, and earning trust can take time.

Competence

Private ownership also affords greater competence in operations. For a service organization like a #cro , the ability to swiftly adapt to new markets, to innovate, and to make pivotal decisions is crucial. Public companies, tied down by regulatory requirements and a duty to their shareholders, often find their agility hampered, which may lead to missed opportunities.

In contrast, private companies, unhindered by such constraints, can more readily adjust their strategies and tactics. This flexibility is vital when expanding into diverse and rapidly evolving Asian markets. From implementing region-specific services to modifying operational protocols based on local customs and regulations, privately owned companies can capitalize on their adaptable nature to ensure their successful integration into new markets servicing new customers.

Customer Focus

The last, but certainly not the least, benefit of private ownership lies in the potential for enhanced customer focus. Public companies, driven by the need to satisfy shareholders, often prioritize profit-making activities over customer satisfaction and quality. This could lead to the deprioritization of customer-oriented activities such as personalization of services, customer support, and handling of feedback.

On the other hand, privately owned businesses can prioritize customer satisfaction without shareholder pressure. This is crucial in Asian markets, where service-oriented businesses often need to personalize their offerings and provide exceptional customer service to thrive. A focus on building customer relationships, understanding their needs, and catering to their preferences can differentiate a service organization in the crowded marketplace, fostering customer loyalty and ensuring sustainable growth.

Summing it up

While the allure of public funding is often tempting for service organizations planning to expand into Asia, the benefits of private ownership – stability, competence, and customer focus – should not be overlooked. By remaining privately owned, companies such as Advanced Clinical can avoid the pressures and constraints that come with public ownership, providing them with the flexibility to adapt, the focus to meet customer needs, and the stability to ensure long-term success, which is what our customers care about the most, when engaging us for their projects.