Bristol-Myers Squibb Organizational Structure

Walgreen is a leading pharmaceutical company in the United Sates as well as in other parts of the globe. In the United Sates, the company leads other players such as CVS as it operates over 8000 retail stores across the 50 sates making the company the largest drug retailing chain in U.S. The company was founded 155 years ago in 1901 in Chicago, Illinois where its current headquarters lies. As such, the presentation seeks to develop a mini-strategy for the company.

The scope of this paper is to analyze the kind of agency problems that emerges between The Hershey Company and their stakeholders and shareholders. To answer this, a review of the company`s board structure and ownership structure was made. Thereafter two specific situations that has occurred in recent times was used as case examples to enlighten the agency problems suggested to emerge by the corporate structure.

Bob did a really good job in selecting the outside talent to represent on the advisory board. Bob knew that the family owned businesses had their own challenges so he chose Barry Ready, President of Readymade Office Systems, to join the Board because of the similarities between the two businesses. Bob also brought in functional experts Dick Crandall (finance) and Jim Carter (sales and marketing). Later, Bob added Peggy Thomas to bring diversity to the board and Mark Anderson, COO of Portland Timber, because of his real estate expertise.

Dick’s Sporting Goods also known as Dick’s Clothing and Sporting Goods is a fast growing company that carries products ranging from Taylormade golf clubs to The North Face winter jackets. Dick’s Sporting goods was founded in 1948 by Dick Stack who in which was only 18 years old at the time. In 1948, Stack was working at an Army Surplus store in New York, where his boss asked his opinion on which new tackle products should introduced into the fishing business. Dick was an experienced fisher, when he gave his ideas to boss, his ideas were turned down. Stack was not happy and spoke to his late grandmother about the situation and she gave him the funds he needed to start his own tackle store. In 1958, Stack had created a business that is very much like what a typical Dick’s Sporting Goods is today. He was a driven young individual that felt his knowledge would allow him to be successful in the tackle business. Not only did his tackle business succeed, but what is now the Dick’s Sporting Goods Brand has greatly succeeded.

Multiple Sclerosis News Today shared awhile back that Montel has joined the board of KIND Financial, a technology solutions company, as a key advisor in efforts to support and expand the drug’s use. At the time, David Dinenberg, KIND Financial’s chief executive officer, shared the news and how excited they were to have him on the board.

I was surprised by the number of people in attendance at the meeting other than the board members. The board attorney, chief operations officer, chief academic officer, finance

Dr. Cooke currently advises other medical professionals as Chief Executive Officer of C2 Healthcare Consulting and Chief Medical Officer of both ON3 Healthcare and Health Plus Global. These three positions allow him to perform a range of consulting and management functions for doctor’s offices and hospitals alike.

Today’s companies are challenged by frequent changes in market demands and consumers’ desires for new products and services. Companies which fail to adapt to these changing conditions often find themselves struggling to survive. This is the situation for the Texas Plant, as described in the case study by Pryor, Humphreys, and Taneja (2011). The Vice President, Human Resources Director, and Organizational Development Manager find themselves not only facing the struggles of transforming the Texas Plant, but also the difficulties of working together to achieve it. The following paper describes these difficulties and examines how the actions of the leaders impacted the change process. Recommendations to assist the plant’s leadership in moving forward will be offered.

The Pharmaceutical industry has been in the spotlight for decades due to the fact that they have a reputation for being unethical in its marketing strategies. In The Washington Post Shannon Brownlee (2008) states, “We try never to forget that medicine is for the people. It is not for the profits. The profits follow.” This honorable statement is completely lost in today’s world of pharmaceutical marketing tactics. These tactics are often deceptive and biased. Big Pharma consistently forgets their moral purpose and focuses primarily on the almighty dollar. Big Pharma is working on restoring their reputation by reforming their ethical code of conduct.

Controversial former pharmaceutical company executive Martin Shkreli has said fraud allegations against him are “baseless and without merit”. Exactly 6:30am on Thursday, December 17 the young executive Shkreli who garnered backlash from investor Donald Trump, politicians Hillary Clinton and Bernie Sanders was excorted out of his Manhattan apartment by the Federal Bureau of Investigation. Shkreli who headed the Turing Pharmaceutical Inc. company was arrested and released soon after on a $5 million bond, has been charged for engaging in what U.S. prosecutors said was a POnzi-like scheme at his former hedge fund MSMB Capital Management and Retrophin Inc. The maximum sentence for the top count is 20 years in prison.

Members Characteristics – Overall, Hausman did a good job on assembling his board of directors. When determining who will make a good board member there are several things to look for. First a good board has an expert in legal matters, accounting, marketing, human resources, and finance. The only expert missing from RO’s board is a human resources expert. Next it is important to ensure that all board members will be able to regularly attend meetings. While most board members were local, several were not, and it was an area RO could improve. Also for outside members of the board, it is important to have knowledge of the industry and/or target market. With the appointment of the EVP of a large health snack company, Hausman made a good appointment (although location is an issue), but the knowledge that the CEO of the tech company may bring to the table may not be valuable. Finally, it is important to have complimentary personality traits. Overall, the RO’s board of directors is a strong, valuable board.

When asked if it is difficult being a leader, McFerrin explained that leadership can be difficult when others do not have the same goal or cannot see the big picture. It is then up to the leader to reinforce the drive for excellence. She encourages leaders to find opportunities to learn from others said that she and her husband listen to motivational tapes while in the car. The McFerrins find it important to find ways to think positive and learn from how others have solved problems. McFerrin said, “We are all teachers and learners in life” (D. McFerrin, personal communication, February 25, 2017) and we should take time to learn from those that have had more experiences and have solved more problems. She encourages leaders to belong to groups.

“Leadership is the capacity to develop a vision that motivates others to move with a passion towards a common goal. Therefore, leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent” (Democracy, 2014). Apple CEO Tim Cook will predictably be compared to his antecedent Steve Jobs, but in one way, he 's greatly more like Bill Gates -- he has encouraged philanthropy at Apple (Stone, 2014). Under his leadership, Apple has become a much more socially aware company, working to enhance conditions in foreign factories and planning to reduce pollution caused by data centers and the devices themselves. In contrast to Tim’s leadership, a successful legend spread out at Microsoft Company where leader Bill Gates has many leadership qualities. One of the most important attributes is his capability to analyze, interpret, and be competent. His methodical intelligence is mentioned in his biography that corroborate of his abilities by scoring 1790 on an 1800 Harvard entrance exam (Stone, 2014). The excellent skills and mentality that Bill Gates has develop places him with to be one of the most powerful transformational leaders who motivate the crowds of whom he shares his vision.

Unlike Gilead that has only one product in its Oncology line, Bristol-Myers Squibb presently have four different drugs namely: Erbitux –an epidermal growth factor receptor (EGFR) antagonist for the treatment of Head & Neck cancer and Colorectal cancer,(2) Opdivo (nivolumab) for the treatment of unresectable or metastic melanoma and lungs cancer, (3) Syrcel( dasatinb) for the treatment of newly diagnosed adult with Philadelphia chromosome –positive (ph+) chronic myeloid leukemia and (4) Yervoy (ipilimumob) for the treatment of melanoma a type of skin cancer that spread and as such cannot be remove by surgery. Like Seattle Genetics, the company products use either Antibody-drug Conjugate (ADC) though in a different version by linking potent cytotoxic to monoclonal antibodies targeted to specific tumor cells or immune-oncology, an innovative technology that unlocks the body own immune system to fight against cancerous cells. It also expanded its focus to Nolch inhibitor (used in blocking powerful pathway that promotes tumor cell survival for certain other types of cancer. (Bristol-Myer Squibb, 2014) Because the technology is similar but used differently, BMS would be considered a close competitor who currently has the advantage of having four targeted specific drugs and 12 other oncology and immune-oncology in various trial phases.

Pfizer is known as one of the first and one of the world’s largest Pharmaceutical company that was establish in 1849. It was founded by two cousins called Charles Pfizer and Charles F. Erhart in New York City. Pfizer was as a manufacturer for fine chemicals but because of the discovery that was made in 1950 which made the company the path towards becoming the research-based pharmaceutical that it is update. The product that was first produced was the palatable form of sautonin which was used to treat intestinal worm. The Headquarters of Pfizer is located in New York City, with its research headquarters in Groton, Connecticut, which is nowadays the top multinational corporation that is sold all over the world. It is ranked as the second in the US and Japan market, and Novartis in first place and Roche in third place. The Pfizer Inc. is consisted with a trademark that is called PFIZER. Because of Pfizer’s strategies, Pfizer