A Report That Analysis Integrated Practices

The company mission statement indicates that it envisions becoming a principal pharmaceutical manufacturing corporation with a special dedication to advance innovation in medicine with the

Pharm Universe is a global pharmaceutical organization that was established nine years ago. The company currently operates with 1,500 representatives across the globe and is headquartered in Boston, Massachusetts, USA. The company was founded after the success of work of a senior scientist in the line of business developing an alternative cure medicine for reducing the lung and other blood clusters. The new alternative medicine incredibly lessened the probability of clot occurrences.

Pfizer Consumer Healthcare Introduction Identification & Description of Internal Function Data Collection Approach Company's Supply Chain Management Flow Chart for the process 1 2 3 4 5 The Company: Incorporated in 1849 -Market Leader in Healthcare Industry Reliable Marketing and Sales Netwrok Strong Research and Development depratment for a number of years. Patent protection for products Effective Supply Chain Profitable Organization with growth potential -Earnings Before Tax and Interest (EBIT) $18,684 as of 31st Dec, 2012 $15,755 as of 31st Dec, 2011 $11,212 as of 31st Dec, 2010

Pfizer Inc is a multinational investment company. It ventures in the medical and pharmaceutical industry. It is renowned as a giant pharmaceutical company, founded in 1849. It is based in the United States, New York, Manhattan at Midtown. It is the largest universal producer and trader of pharmaceuticals (Turner, 2005, pg 161). Some of the products availed to the market by the company are Lipitor, Lyrica, Diflucan, Zithromax, Zoloft, Viagra and Celebrex. These products are targeted to patients and persons in need of enhancements in their body systems and anatomy. It has an employee capacity of 12000 people in all its departmental sectors and sub-branches. The sub-branches are distributed all over and in all continents (Turner, 2005, pg 163).

The company is so large that no one drug can lift it from its current sales doldrums. In addition, the company was once highly attractive to investors, but its recent stock price fell to 1997 lows. This may put pressure on the company to attempt acquisitions at a time when the company is ill-equipped to integrate a new company into its organization, and it is engaged in a cost-cutting program at a time when it may need to invest even more in research and development (McTigue Pierce, 2005).

Pharmaceutical companies have been using a lot of various strategies to market their medications, notably in a contentious and lucrative market for prescriptions and non-prescription medications.

Managing resources efficiently and effectively is the most fundamental goal for organisation which aims to maximise individual and social prosperity. Therefore, the management theory is constantly developing. In 20th century, there were several management theories proposed such as scientific management, administrative management, behavioural management, etc. as increasingly aware of human are crucial element of the organisation and vital in influencing overall organisational performance, Douglas McGregor who studied about how workers’ behaviour effect the manager’s leadership, proposed Theory X and Y (Waddell et al. 2007). It is no doubt this conventional concept still correct in 21st century, however, business environment is significant

Instead, human resource practices of ‘best fit’ are more effective when they are designed to fit certain contingencies in the organization’s specific context. Consequently, ‘best practice’ is perceived to improve performance within an organization when a select bundle of policies is implemented and the employees are managed more efficiently. Jeffrey Pfeffer’s (1994) work under this conception offers a list of seven practices assumed to be most beneficial to an organization for achieving competitive advantage ‘through people’. (1) The importance of employment security is emphasized because it is unrealistic to expect such hard work and commitment from employees without some expectation of security on their part. (2) Selective hiring is a source of sustainable competitive advantage through its “capturing” of particularly exceptional human talent (human capital). (3) Self-managed teams require efficient teamwork, and are seen as a route to achievement of more creative solutions. Employees deserve to be rewarded for

We deem it an honor to our respected teacher her guidance and help that she has provided throughout this course of principle of Management. Because of her patience and extended knowledge over the subject, we were not only able to understand the course but also took keen interest in her lectures. Without her suggestions and advises we would not have been able to produce this report according to their requirement of standard.

In the United States, due to the reduction in opportunities in generics specifically of small molecule domain, Glenmark shifted its focus from this domain to mainly respiratory, dermatology and oncology. Glenmark was also facing challenge from the entry of new companies in the market which was increasing its competition; hence they identified the strategy of differentiation and started releasing novel products. Glenmark was noticing that all its competitors were crowding around United States of America and United Kingdom, moreover these markets of the first world country were offering a lot of pricing pressure. At the same time they were also facing the challenge of shift to local manufacturing of generic drugs in the important emerging market. To this, the company started focusing on its R&D for its specific niche and complex commodities, Glenmark also started focusing on newer dosage sizes which had lesser competition. The company also increased its New Molecular Entities pipelines and it also expanded its partnerships in the market to cater to the local requirements.

AstraZeneca is the second largest pharmaceutical company in UK, which has biopharmaceutical business in over 100 countries. In 2015, company’s market capitalization is $70.816 billion, and their net income is US$2.826 billion, with a 4.5% market share of US and a 2.5% market share of Europe, and the number of employees is 61500 (AstraZeneca, 2015). Their main competitors are GlaxoSmithKline & Amgen. The purpose of AstraZeneca is to promote scientific advancements through innovative science and sustainable development to provide life-changing medicines to patients. So, they have a clear vision: to be a global company which focused in core therapy areas (AstraZeneca, 2016). Besides, company’s main organizational structure including: Board, audit committee, remuneration committee, nomination and governance committee, science committee and the senior executive team.

Lack of scientific productivity and innovation is one of the main issues the pharmaceutical industry is suffering from. Research is the essence of pharmaceutical industries. Researchers and developers are under serious scrutiny and extreme safety standards by the Food and Drug Administration (FDA). This results in little room to innovate. There are fewer products being permitted and scientists are thus failing to reach potential in delivering care for patients and their own commercial profits. Companies do not take risks and therefore have bad portfolios. Pharmaceutical industries need to allocate the expense and the risks of backing research and development. Innovation is a

There are a lot of the management knowledge and concept issues during the foundation of management from week 1 to week 5. Therefore, I am going to have a discussion on four different areas of the management study which has the most relevant to the effective management of contemporary organization. The four different areas of management which I learnt are the workforce diversity, the principle of the scientific management, Maslows’ theory of human needs, and the ethical behaviors of the organization. They all contribute to improve the effectiveness of the management in the contemporary organizations, while there are also some of the developed knowledge in related to them and the developed knowledge will also be discussed in the following paragraphs. At the end of this article, an overall sum up of all the four areas of management will be provided as in conclusion.

This essay will argue that it is important to study management and organisations in a critical, questioning way for two reasons. First, it is important to do so due to the influence and reach of management in large commercial organisations that covers a lot of aspects in the society, economy and culture. Second, by taking a critical approach to management, there is a possible gain of knowledge and understanding of management and what it is which leads to a better and more effective manager in order to be in a position to secure positive results and prevent undesirable outcomes occurring. In Section One, it will demonstrate the first point with reference to evidences and arguments from (Morgan 2006) and (Bakan 2004) to

On one hand, there is the need to target more pharmaceutical firms in order to have a wide portfolio of medicines, necessary to address a broad range of diseases and to try solving the prioritization problem.