Question

provide a Background on Context (the organisation, the project group, management, structure, history, culture, values) for a pharamceutical company

Answer 1

Pfizer is one of the largest international pharmaceutical companies in the world headquartered in New York City. It manufactures and develops various medicines and vaccines of a wide medical disciplines range consisting of immunology, neurology, oncology, endocrinology and cardiology. Some of its popular products are Lipitor for lowering blood cholesterol, Lyrica for neuropathic pain and fibromyalgia, Zithromax, Viagra and Celebrex.

The project group of the company manages the research and development activities that are classified under two broad categories of PharmaTherapeutics focusing on discovering small molecules and related modalities and BioTherapeutics focusing on large molecular research like vaccines. In the year 2007, Pfizer made the largest R&D investment of $8.1 billion in the pharmaceutical industry.

The executive leadership team at Pfizer consists of the senior-most executives and managers who are responsible for decision-making and focusing on crucial areas like financial, strategic and operations decisions of the company.

Pfizer consists of a centralized organizational structure with the CEO and Chairman at the headquarters of the company. However, with the presence of subsidiaries worldwide, there exists a multidirectional flow of knowledge and information between the headquarters and these subsidiaries.

The company was first founded in 1849 by Charles Pfizer and Charles Erhart at a red brick building in Brooklyn, New York. It was launched as a chemical business which became an immediate success with the production of an antiparasitic known as santonin. The company gradually gained prominence and growth in the 1880s with the introduction of citric acid.

The culture at Pfizer is patient-centric that focuses mainly on changing the patients’ lives through breakthrough innovations and products. Pfizer consists of four powerful values of courage, excellence, equity and joy that shape its culture. Courage involves challenging convention and responding to uncertainty and diversity through breakthroughs. Excellence focuses on what matters the most for the patients and working towards such outcomes. Equity involves inclusivity, acting with integrity and reducing disparities in healthcare and joy focuses on finding happiness in the work and taking pride in it.

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