Pfizer is a multinational pharmaceutical company that is organized into three main business segments: Innovative Health, Essential Health, and Consumer Healthcare. Each of these segments has its own leadership team and is responsible for developing and marketing specific products and services.
The Innovative Health segment is focused on developing and marketing innovative treatments for a wide range of diseases, including cancer, cardiovascular disease, and neurological disorders. This segment is led by the Chief Executive Officer of Pfizer and is divided into several business units, each of which is responsible for a specific therapeutic area. For example, the Oncology business unit is responsible for developing and marketing cancer drugs, while the Cardiovascular and Metabolic Diseases business unit is responsible for developing and marketing drugs for cardiovascular and metabolic diseases.
The Essential Health segment is focused on developing and marketing products and services that are necessary for the maintenance of good health. This includes generic drugs, over-the-counter products, and animal health products. The Essential Health segment is led by the Chief Operating Officer of Pfizer and is divided into several business units, each of which is responsible for a specific product area.
The Consumer Healthcare segment is focused on developing and marketing products that are used for the maintenance of everyday health and wellness. This includes products such as pain relievers, cold and flu remedies, and vitamins. The Consumer Healthcare segment is led by the Chief Commercial Officer of Pfizer and is divided into several business units, each of which is responsible for a specific product area.
Overall, Pfizer's organizational structure is designed to allow for flexibility and agility in the development and marketing of its products and services. Each business segment and business unit operates with a high degree of autonomy, but is also supported by shared services such as research and development, finance, and legal. This structure allows Pfizer to respond quickly to changes in the market and to adapt to new opportunities and challenges.
Pfizer Company's Organizational Structure
These candidates have an increased potential to survive the rigors of drug development. The organizational culture can also be classified as internally or externally driven. Every day, more than 80,000 colleagues in more than 90 countries work to discover, develop, manufacture and deliver quality, safe and effective prescription medicines to patients. Numerous cost containment measures have been adopted as a result of pressure from the increased earnings in conjunction with the rising costs of research and development. In this way, employees are encouraged to only promote the healthy competition. Thus, all strategic objectives likely to involve altering the financial, organizational or managerial structures, Handy Classification Of Culture 786 Words 4 Pages number of writers have analyzed organizational culture and we shall consider one approach here. Another definition is that the organizational structure is a system used to determine the hierarchy within the organization.
Organizational Structure in the Pharmaceuticals Industry
At Pfizer, he has held a number of senior leader roles with increasing responsibility across multiple therapeutic areas, including primary and specialty care. First, they aimed at delivering substantial innovation; secondly, they aimed to expand their research on both internal and external science; and lastly, they were striving to take the lead in productivity worldwide. Pfizer has employed new approaches together with their combined strength with Wyeth so as to increase the chances of the innovative, newest, and valuable medical solutions. KP Human Resources Mary McLeod Global Procurement LM Investor Relations CT Legal, Europe FG Deputy Legal RJ. The video of Bobcat depicts that the processes that they are utilizing is assembly line structures and also with the elements of manufacturing cell structures. Pfizer uses this method as a type of employee empowerment by giving them the opportunity to decide what tasks needs to be outsourced to make their jobs more effective. Case Analysis Virgin Group 1014 Words 5 Pages considerable growth and persistent profitability.
With this new tool, Pfizer researchers will analyze and test hypotheses to generate evidence-based insights for real-time interaction. In just four months, Pfizer is producing five times more penicillin than originally anticipated. The organizational culture of Pfizer makes sure that all employees share the common purpose and it is well aligned with the broader organizational purpose. Pfizer launches a new Medicine Safety Website to help healthcare professionals and patients make better informed decisions about treatment options. These measures also aim to supplement the ones pertaining to the safety and efficacy of drugs.
Penicillin is a turning point in human history—the first real defense against bacterial infection. That were different agents working on different areas like the collectors had limited skip tracing ability to locate a person and the vehicle that is being searched for , but another agent only worked on skip tracing and had a more in-depth system. The decision to implement this function would focuses be a form of centralization, but the function itself is a form of decentralization. Pfizer has a triple rollout of major new medicines: Zoloft® sertraline hydrochloride for treatment of depression, Norvasc® amlodipine besylate for control of angina and hypertension, and Zithromax® azithromycin for respiratory and skin infections. They must also use concurrent control to monitor the progress of the employee to make sure that the employees time is spent efficiently and effectively. He is assisted by a board of directors which consists of head from different departments of the organization.
Pfizer Organizational Structure Free Essay Example
By using this process the time spent on Analysis of data has been reduce, also have many financial benefits and employees also get rid of their boring work. When a work is small and the face to face communication is repeated ,the formal structure may be not important, but in larger organizations decisions have to be made about delegating various tasks. In June 2001, Hank McKinnell announces a new mission for Pfizer—to become the world's most valued company to patients, customers, colleagues, investors, business partners, and the communities where we work and live. The decision-making process is also improved as the main deals with the leaders of the two groups and not the individual members of the groups. The new leadership in Pfizer will consist of nine globally known health care businesses, with each leader required to have clear accountability from the initial development of the product to its access to the patients up to the end of the cycle of the product Berenson, par.
The change will transfer many assets over to countries like China and Japan. Political management, research and development, and advertising capital in the pharmaceutical industry: A good prognosis? Pfizer opens the largest building in the world dedicated to the discovery of new medicines for human and animal health on its Groton, Connecticut research campus. Pfizer made four acquisitions in the first half of the year. Further, the similarities and alterations of edifice and culture of an organizations are scrutinized. Due to this trend in organizational behavior, the leadership in any organization must realize that they must proactively discuss the usage of technological practicality and not always assume employees will directly complain about work-related stress caused by technological advancements. Innovation can also thrive in a decentralized environment. Pfizer has found a good balance between centralization ND decentralization and understand the importance of having both.
Cultural receptivity: Predicting consumption in the international beverage market. This initiative is the first of its kind for a pharmaceutical company. Consequently, they adopt a more pragmatic rather ethical attitude. By April 2004, over half a million seniors enrolled in the program and nearly five million prescriptions were filled. What types of organizations might it also work for? Top and middle management also uses this function to increase their productivity. New York Times, 2006.
Pfizer Inc. Analysis: Products, Markets, Strengths, Risks, Recommendations
Hofstede believes work-related attitudes are formed by five dimensions of cultural differences. International Journal of Interdisciplinary Social Sciences, 6 1. Ethics are high held as the needs of the patients are the top priority in all their operations. During this period, Pfizer also cooperated with 11 companies including BioNTech, Novartis, and Merck of Germany to jointly carry out research in various fields such as tumor, rare diseases, inflammation and immunity. In a press release, the company said that the growth potential for that business was strongest in part because of the older population that was increasing demand for new medicines. Pfizer manages its operations through five divisions: Primary Care, Specialty Care and Oncology, Established Products and Emerging Markets, Animal Health and Consumer Healthcare, and Nutrition Reuters, 2012.
Their technology and modality capabilities have also increased in the Biotechnology Units. Pfizer encourages its colleagues to utilize the reliable and consistent search experience and the numerous collaboration tools. CEOs Jeff Kindler and Bernard Poussot and senior leadership of both companies continue to work closely together through the integration process. In order to make sure this new function is not being misused managers must implement new levels of control, which allows them to monitor the progress and results of the new function. Within these two research groups, small, focused scientific teams — targeting specific high-potential therapeutic areas and leading-edge innovative technologies — will be led by world-class Chief Scientific Officers who will act as single points of accountability for delivering medical advances on behalf of the company. The decision to implement this function would ofcourse be a form of centralization, but the function itself is a form of decentralization.
