Contents
This paper answers the following questions on the case study - - 1) Describe and critically evaluate what Pfizer is doing?
- 2) Discuss the concepts of organizational structure and critically analyze the structural implications utilized by Pfizer.
- 3) Analytically apply and evaluate what relevant theory on leadership style and behavior practiced by senior of Pfizer in its accomplishment.
- 4) Prepare an innovative plan for continuous change management and organizational effectiveness at Pfizer.
Description
Business organisations that are facing financial crisis and low earnings situation tend to focus on cost cutting initiatives to make operations more productive and efficient. One such cost cutting initiative is outsourcing a significant part of the time consuming activities to low cost of manufacturing hubs or outsourced destinations. In this essay, the cost cutting outsourcing initiatives of Pfizer has been studied as a part of its organisational change management strategy. Pfizer, one of the premier pharmaceuticals company in the world is headquartered in New York. In 2005, the pharmaceutical giant faced financial crisis as the patent for most of its drugs were about to expire then. Therefore the top management sought several cost cutting initiative to tide over the budget of the company and post a good earnings data. Outsourcing involves giving a part of the business process to another company for action, usually on a contractual basis. The organisations that carry out the Business process outsourcing are popularly referred to as BPOs.
