2011, Pharmaceuticals and System

Pfizer’s Straight Talk on Culture

Michael Lee Stallard

SEPTEMBER 16, 2015

Pfizer, the multinational pharmaceutical giant, has become increasingly intentional about shaping its culture. You can see evidence of Pfizer’s commitment in Ian Read’s letter to stakeholders the year after he became CEO: In 2011, we thoroughly explored what our culture is and how it needs to evolve.

Ethics

Ethics Pharmaceuticals Globalization Commitment

3 Ways to Confront Economic Adversity in 2011

Coaching Tip

MARCH 15, 2011

Nothing has ever been able to keep it down for long, and nothing ever will, if we are patient and allow our economy the time to heal itself through the virtues of the free-market system. . Deregulation. It’s no secret that businesses across the country are drowning in a Sargasso Sea of onerous state and federal regulations.

Pharmaceuticals

Pharmaceuticals Creativity Long-term Power

Why The Health Care Reform Debate Makes Me Sick

The Recovering Engineer

FEBRUARY 27, 2010

I am not a doctor, pharmacist, attorney, drug company executive or any other person who has deep insights into the intricacies of our health care system. Virtually all of the discussion that I have seen mentions or implies that the system itself is broken. Almost no substantive discussion about how to fix the system.

Health Care

Health Care Engineering System Politics

Why The Health Care Reform Debate Makes Me Sick

The Recovering Engineer

FEBRUARY 27, 2010

I am not a doctor, pharmacist, attorney, drug company executive or any other person who has deep insights into the intricacies of our health care system. Virtually all of the discussion that I have seen mentions or implies that the system itself is broken. Almost no substantive discussion about how to fix the system.

Health Care

Health Care Engineering System Politics

The State of Strategy Consulting, 2011

Harvard Business Review

MARCH 2, 2011

They may have done a swell $2 million strategy study for a client, but then have to watch from the sidelines as a more broadly based firm swoops in to do the $15 million project — a total systems redesign, say, or a corporate reorganization — entailed in implementing the strategy.

Consultative

Consultative Strategy McKinsey Porter

3 Mistakes in U.S. Health Care That Emerging Economies Can’t Afford to Repeat

Harvard Business Review

NOVEMBER 8, 2017

The health care system in the United States, with its technological prowess and massive infrastructure, often serves as a reference point for rapidly developing economies around the world while they build their own medical systems. Over the same period, pharmaceutical exports have doubled. Victor Albrow/Getty Images.

Health Care

Health Care Tourism Pharmaceuticals Cost

Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Strategy Driven

MARCH 18, 2011

Further, they need to limit their focus to, at most, six capabilities, and make those capabilities work together as a mutually reinforcing system that perpetuates competitive advantage. That belief stems from having chosen a differentiated way to play that is supported by a strong system of mutually reinforcing capabilities.

Resources

Resources Industry System Strategy

Bonuses Should Be Tied to Customer Value, Not Sales Targets

Harvard Business Review

APRIL 16, 2014

That is perhaps the most frequent question I’ve received since 2011 when GlaxoSmithKline changed the link between the bonus pay of our pharmaceutical sales professionals in the United States and the numbers of prescription sold for a particular medicine.

Incentives

Incentives Pharmaceuticals Health Care Metrics

Developing Global Leaders Is America's Competitive Advantage

Harvard Business Review

MARCH 2, 2012

America's higher education system is a magnet for talented leaders from all over the world. In 2011, 71% of HBS's new cases were written about foreign companies. French pharmaceutical company Sanofi recently acquired Boston-based Genzyme to tap into America's intellectual capital in biotechnology.

Competitive Advantage

Competitive Advantage Globalization Development Intellectual Capital

Make Your Knowledge Workers More Productive

Harvard Business Review

SEPTEMBER 5, 2013

So large-scale re-engineering programs, productivity drives, and changes to the incentive system are unlikely to work: they can easily be resisted, ignored or gamed. Build smart support systems. Smarter support systems are intended to de-bureaucratize work and to help people prioritize more value-added work.

Productivity

Productivity Products Peer Review Short-term

India Remakes Global Innovation

Harvard Business Review

SEPTEMBER 14, 2011

We recently visited the brand-new R&D lab of Dr Reddy's , one of India's leading pharmaceutical firms. In 2008, Dr Reddy's acquired Chirotech, Dow Chemical's R&D unit, for $32 million, and in April 2011 relocated it to a new 33,000 sq. This lab isn't located in Bangalore or Hyderabad (where Dr Reddy's is headquartered) but in.

Globalization

Globalization Innovation Decentralization Chemicals

The 2010 Execution Round-Up: Six Companies That Couldn't 'Get It.

Strategy Driven

JANUARY 24, 2011

Plus, as a result of a lack of cross-organizational coordination and cooperation, Nokia wasn’t able to improve its proprietary operating system, Symbian, which would have allowed it to support a more sophisticated smartphone. Here are a few of this year’s headline makers and the lessons that can be learned from each of them.

Execution

Execution Company 360-Degree Feedback Cooper

To Control Health Care Costs, U.S. Employers Should Form Purchasing Alliances

Harvard Business Review

NOVEMBER 2, 2018

To address these challenges, they will have to band together in purchasing coalitions that give them the local market power to force health systems to reform. Between 2011 and 2017, employees’ premiums and deductibles grew faster than their median income. It has enormous administrative costs. Care is fragmented and uncoordinated.

Health Care

Health Care Cost Insurance Price

Using Supply Chains to Grow Your Business

Harvard Business Review

NOVEMBER 20, 2015

Compliance is crucial for pharmaceutical makers such as Abbott and Amgen – a “ Form 483 ” warning from an FDA inspector can shut down a drug facility in an instant and even land top executives in jail. Collins worked primarily on IT related work, such as systems integration and software development.

Supply Chain

Supply Chain Collins Golden Handcuff Pharmaceuticals

The Industries Plagued by the Most Uncertainty

Harvard Business Review

SEPTEMBER 11, 2014

Finally, industries in the upper-right quadrant — such as software, pharmaceuticals, and medical equipment — face high uncertainty in both demand and technology. For example, who would have predicted that medical robots would perform surgeries? In other words, if you are in a high uncertainty industry, you must excel at innovation…or die.

Uncertainty

Uncertainty Industry Bottom-up Technology

3 Health Care Trends That Don’t Hinge on the ACA

Harvard Business Review

MAY 25, 2017

health care system that won’t change. As a result, regardless of how the law evolves, tremendous opportunities will remain for consumers, medical providers, health care payers, and investors to shape and improve the health care system. While the fate of the bill is in flux, there are three immutable trends in the U.S.

Health Care

Health Care Trends Venture Funding Technology

U.S. Corporations Don’t Need Tax Breaks on Foreign Profits

Harvard Business Review

DECEMBER 21, 2015

’s “uncompetitive international tax system.” Which brings us back to Pfizer, the pharmaceutical drug company that has provoked the new round of patriotic denunciations of corporate tax flight. Since 2011, Read’s first full year as CEO, Pfizer has expended $44.2 Chuck Schumer, D-NY, and Sen.

Hedge

Hedge Proposal Pharmaceuticals Price

Leadership Digital

Pfizer’s Straight Talk on Culture

3 Ways to Confront Economic Adversity in 2011

Trending Sources

Why The Health Care Reform Debate Makes Me Sick

Why The Health Care Reform Debate Makes Me Sick

The State of Strategy Consulting, 2011

3 Mistakes in U.S. Health Care That Emerging Economies Can’t Afford to Repeat

Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Bonuses Should Be Tied to Customer Value, Not Sales Targets

Developing Global Leaders Is America's Competitive Advantage

Make Your Knowledge Workers More Productive

India Remakes Global Innovation

The 2010 Execution Round-Up: Six Companies That Couldn't 'Get It.

To Control Health Care Costs, U.S. Employers Should Form Purchasing Alliances

Using Supply Chains to Grow Your Business

The Industries Plagued by the Most Uncertainty

3 Health Care Trends That Don’t Hinge on the ACA

U.S. Corporations Don’t Need Tax Breaks on Foreign Profits

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