Pfizer is one of the biggest bio pharmaceutical companies out there. They are currently looking at the efficiency and effectiveness of their new functional strategy. This new strategy is being implemented in their daily operations. The new functional strategy is called Office of the future or the “Magic button”. It is a tool used by Pfizer employees to increase their work productivity. Pfizer has implemented this function because of a study conducted by Harvard employees. They found that almost 40%
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Contents Notice Directors’ Report including Management Discussion and Analysis Report Report on Corporate Governance Auditors’ Report Balance Sheet Profit and Loss Account Cash Flow Statement Notes 4 14 24 38 44 45 46 48 1 Year Summary Ten Year Financial Summary ` in Lakhs Nov 2002± Sources Sources of Funds Shareholders’Fund Share Capital Share Capital Suspense A/c Reserves and Surplus Total Shareholders’ Funds Borrowed Funds Secured Loans Unsecured Loans Total Application of Funds
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Pfizer Incorporated (PFE) was established in 1849 in Brooklyn‚ New York. Charles Pfizer and Charles Erhardt‚ two German-American cousins‚ founded a chemicals business and produced an anti-parasitic- Santorin‚ which was a great success.Pfizer’s business began to grow with production of citric acid in 1880s. Total sales of Pfizer had reached almost $3 million by 1910. By 1950s‚ Pfizer had set up business in countries like Belgium‚ Canada‚ Iran‚ Panama‚ Turkey‚ and United Kingdom. Pfizer is a pharmaceutical
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In 1849‚ Charles Pfizer and Co. started with two cousins Charles Pfizer and Charles Erhart‚ who were young entrepreneurs from Germany. They opened the chemical firm in Brooklyn‚ New York‚ and began there operations in the Williamsburg community of Brooklyn. Pfizer Incorporated is a major pharmaceutical company‚ which ranks number two in sales. During the Civil War Pfizer supplied the Union Army with painkillers‚ preservatives‚ and disinfectants. Pfizer expanded westward in 1882‚ opening an office
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Pfizer - Development and Training Pfizer is the world’s largest research-based biomedical and pharmaceutical company (Pfizer 2009‚ p.2). To ensure continuous improvement in all areas of the organization‚ leadership believes in the effectiveness of proper training. Having training based programs allows employees to gain new knowledge‚ exchange ideas‚ and search for answers to his or her concerns or issues. According to McGlynn (1998)‚ Pfizer is a knowledge business. It is not enough to just discover
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INTRODUCTION OF PFIZER INC Pfizer‚ Inc. Type Public (NYSE: PFE) Founded Brooklyn‚ New York‚ USA (1849) Headquarters New York City‚ New York‚ USA Key people Jeff Kindler‚ CEO David Shedlarz‚ VC Ian Read‚ Pres. of Pharma. Martin Mackay‚ Pres. of R&D Industry Health Care Products Accupril® Lipitor® Viagra® Revenue ▲$48.613 billion USD (2007) Net income ▲$8.298 billion USD (2007) Employees 106‚000 (2005) Slogan Working for a healthier world™ Website www
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Jennifer Ambert Prof Weren Fall 12’ Tuesday 6p-8:40p MGT4600-61 Pfizer Case Study 1. Why has the pharmaceutical industry been so successful historically? The pharmaceutical industry has been such a successful industry for numerous reasons: • Patent protection is considered to be an incentive for investing‚ and also creates customer loyalty. • Generic brands have been profitable and cost efficient for buyers. This simply means that suppliers don’t need to offer a particular name brand;
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Pfizer – Written Case Report Prepared by: BAMG 456-023: Strategic Management & Business Policy (Fall 2012) Table of Contents: 1. Part One: Evaluation of the External Environment a. Introduction 4 b. Opportunities and Threats 6 i. Assessment of Societal (Remote) Environment ii. Assessment of Industry (Task) Environment iii. Assessment of Competition (Bryan Jenkins) iv. Overall Opportunities and Threats and Score 2
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take social responsibility into consideration‚ it is critically important for Pfizer to launch a campaign that will identify us as a responsible trusting company. In order to improve Pfizer’s public image and company culture we propose the following: “Students Against Substance Abuse” (S.A.S.A) - a social responsibility campaign. The campaign goal is to promote our products while creating a house hold brand image for Pfizer and reduce the negative connotation of a corporate name. We will partner with
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Macroeconomic Forecast Pfizer‚ Inc. March 14‚ 2005 Abstract This paper is a Macroeconomic Forecast Outline of Pfizer‚ Inc. This outline will identify main economic indicators for Pfizer as a business entity and as a representative of pharmaceutical industry. This paper will identify sources of various data collected based on economical activity and relationships between different economical indicators. Main Economic Indicators The purpose of economic indicators is to provide for researchers
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