Pfizer’s Strategic Plan
Pfizer’s Strategic Plan
David O’Teney
Phase Four IP
5/6/2012
Colorado Technical University Online
Executive Summary
Organizational change is defined as “a planned alteration of organizational components to improve the effectiveness of the Organization” (Sage Pub, 2007). Organizational change applies to all business organizations growth and development. Change is necessary if a company falls off track from their original mission or plan. Change can re-align an organizations plan and lead them in the direction that was originally intended. This allows a company to monitor the success of their strategic plan.
A strategic plan is important and change is sometimes needed to accomplish goals in this plan. The change can help the company internally and externally. During this change a company can monitor the newly changed progression giving a company the ability to adjust where necessary. It is important to continuously monitor the company’s strategic plan because changes occur regularly that can thwart the company’s plan. By watching carefully and adjusting when necessary a company will stay profitable.
To become more profitable Pfizer has decided to make a big change. They are shifting their business overseas. This is a giant task but Pfizer believes they must go where the market is most profitable. The change will transfer many assets over to countries like China and Japan. This change has been implemented under new CEO Ian Read. Read is another big change for Pfizer; he has replaced Kindler and basically turned Pfizer from not doing so well to doing very well. Read is leading his team during this time of change, he is responsible for the employee’s, the company, and his own emotions during these changes.
Changing people for Pfizer has been a positive change in the organization. Since Read took over there is a new excitement flowing in the workplace. The employee’s attitude towards job performance has changed significantly. They are now informed about
David O’Teney
Phase Four IP
5/6/2012
Colorado Technical University Online
Executive Summary
Organizational change is defined as “a planned alteration of organizational components to improve the effectiveness of the Organization” (Sage Pub, 2007). Organizational change applies to all business organizations growth and development. Change is necessary if a company falls off track from their original mission or plan. Change can re-align an organizations plan and lead them in the direction that was originally intended. This allows a company to monitor the success of their strategic plan.
A strategic plan is important and change is sometimes needed to accomplish goals in this plan. The change can help the company internally and externally. During this change a company can monitor the newly changed progression giving a company the ability to adjust where necessary. It is important to continuously monitor the company’s strategic plan because changes occur regularly that can thwart the company’s plan. By watching carefully and adjusting when necessary a company will stay profitable.
To become more profitable Pfizer has decided to make a big change. They are shifting their business overseas. This is a giant task but Pfizer believes they must go where the market is most profitable. The change will transfer many assets over to countries like China and Japan. This change has been implemented under new CEO Ian Read. Read is another big change for Pfizer; he has replaced Kindler and basically turned Pfizer from not doing so well to doing very well. Read is leading his team during this time of change, he is responsible for the employee’s, the company, and his own emotions during these changes.
Changing people for Pfizer has been a positive change in the organization. Since Read took over there is a new excitement flowing in the workplace. The employee’s attitude towards job performance has changed significantly. They are now informed about
References: David. F, (2009). Current mission statement emphasis: be ethical and go global. Retrieved from http://findarticles.com/p/articles/mi_m1TOK/is_2_9/ai_n56427494/ Pfizer, (2012) Robbins, C. (2012). Management (1st ed.). Retrieved from Colorado Technical University Online, Virtual Campus, MGM255-1202A-05: https://campus.ctuonline. Sage Pub, (2012). Organizational Change in Our Complex World. Retrieved from www.sagepub.com/upm-data/15367_Chapter_1.pdf Y Charts, (May, 2012). Pfizer Asset Utilization. Retrieved from http://ycharts.com/ companies/PFE/asset_utilization ADDENDUM