Millennium final report
Organization and Strategy at Millennium:
Written Report
TABLE OF CONTENTS
Introduction 4
Synopsis 4
Central Problem 5
Issues Identified 6
I. Resistance to Change 6
II. Organizational Structure 8
III. Motivation 9
Recommendations 11
I. General Recommendation 11
II. Motivating Through Change 13
III. Structure 15
IV. Motivation 17
Conclusion 17
Bibliography 19
Introduction
Millennium Pharmaceutical is currently developing new organizational strategies in response to the evolving changes within the biopharmaceutical industry. In our quest to provide organizational recommendations in assisting Millennium in its implementation of new strategies, we have constructed a brief overview of the company and a synopsis of the case, the central problem Millennium is confronted with, an analysis of what has transpired accompanied with applied course concepts pertinent to those of motivation, resistance to change and organizational structure, and a set of recommendations prepared for Millennium to better its ongoing transition and transformation.
Synopsis
Founded in Cambridge, Massachusetts by Mark Levin in 1993, Millennium Pharmaceuticals has since undergone three major phases. Levin’s vision for Millennium was one that amalgamated areas of genetics, biology, chemistry, robotics and computer systems, which pushed him to develop a competitive advantage in research discovery. As information, technology and tools became more prevalent, however, this competitive advantage eroded away, prompting Millennium to pursue acquisitions, initiating its shift in focus away from research discovery and onto drug development and commercialization, placing it in in its second phase. The third and current phase of the company is characterized by the horizontal breadth being narrowed down to three therapeutic classes. As Millennium was shifting further and further away from its initial organizational
Written Report
TABLE OF CONTENTS
Introduction 4
Synopsis 4
Central Problem 5
Issues Identified 6
I. Resistance to Change 6
II. Organizational Structure 8
III. Motivation 9
Recommendations 11
I. General Recommendation 11
II. Motivating Through Change 13
III. Structure 15
IV. Motivation 17
Conclusion 17
Bibliography 19
Introduction
Millennium Pharmaceutical is currently developing new organizational strategies in response to the evolving changes within the biopharmaceutical industry. In our quest to provide organizational recommendations in assisting Millennium in its implementation of new strategies, we have constructed a brief overview of the company and a synopsis of the case, the central problem Millennium is confronted with, an analysis of what has transpired accompanied with applied course concepts pertinent to those of motivation, resistance to change and organizational structure, and a set of recommendations prepared for Millennium to better its ongoing transition and transformation.
Synopsis
Founded in Cambridge, Massachusetts by Mark Levin in 1993, Millennium Pharmaceuticals has since undergone three major phases. Levin’s vision for Millennium was one that amalgamated areas of genetics, biology, chemistry, robotics and computer systems, which pushed him to develop a competitive advantage in research discovery. As information, technology and tools became more prevalent, however, this competitive advantage eroded away, prompting Millennium to pursue acquisitions, initiating its shift in focus away from research discovery and onto drug development and commercialization, placing it in in its second phase. The third and current phase of the company is characterized by the horizontal breadth being narrowed down to three therapeutic classes. As Millennium was shifting further and further away from its initial organizational
Bibliography: Bataille, C. (2014, January 22nd ). Session 6: Theories of work motivation [PowerPoint slides]. Retrieved from MyCourses. Johns G., & Saks A.L. Organizational Behaviour. 2014. Understanding and Managing Life at Work. Pearson. Chapter 16. ISBN : 9780132161121 Kotter, J. R. (2007). Leading change-why transformation efforts fail. Harvard Business Review, 85(1) Michael, L. (1989). Liar’s poker: Hodder and Stoughton Ltd, London. Chapter 8. Morgan, G. 2006. Images of Organization. SAGE Publications, Thousand Oaks. (pages 11 to 54) O’Reilly, C.A., & Chatman, J. A. (1996). Culture as social control: Corporations, cults, and commitment. Research in organizational behavior, 18, 157-178. Robbins & Judge (2014). Chapter 7 Waggoner & Wulf. (2010). Organization and strategy at Millennium (A). Harvard ID: 9-710-415. Boston, MA: Harvard Business School Publishing