Pfizer Organizational Relationships Analysis - Case Study Example

Pfizer Organizational Relationships Analysis

Stakeholders

Being the global largest pharmaceutical organization in the production of vaccines and medicine, Pfizer team is made of several stakeholders to ensure running the company efficiently. The stakeholders are in charge of ensuring that the organization supports the wellness of people and prevents and treats as well as curing of diseases across different therapeutic areas. The various areas of medicine that Pfizer organizational deals with such as cardiology, immunology, neurology, endocrinology, and oncology, and in addition to the produce in the company, cannot be run by a single group, and that’s where the stakeholders step in to ensure the smooth running of the organization.

The stakeholders at Pfizer organizational are the government partners, the non-governmental organizations, foundations, and civil society. An example of the groups in the NGO who partner with Pfizer business are the World Health Organization and UNICEF. An example of civil society includes the American Cancer Society and the Bill and the Melinda Gates Foundation. All the stakeholders have a shared interest in the company which is to put an effort in searching for common goals to advancing public health and creating sustainable programs which result in answers with measurable impact. The entire group is as well committed to the accountability and transparency of the programs they offer and intend to report essential duties of the external stakeholders such as the analysts and the investors (Ulrich, 2009).

Stakeholders’ responsibilities and interests

The government is responsible for ensuring that the organization is operating legally. The government monitors the services Pfizer organization offers to ensure that no illegal medical activities are carried out and no offering of illicit drugs to the patients. The government is also responsible for ensuring that the organization operates under medical laws and in the case of any illegal activities, the government punishes those who are responsible. The government has the authority to tax the products of the organization and all the services offered (mrówka, 2011). It is not only a health company but as well business as they are paid for their services and thus should pay the tax.

The non-governmental organizations (NGO) are responsible for assisting Pfizer organizational in offering medical services. They help them with the aid of medical items such as medicine and machines needed in treatments and persons who have the skills in medicine to provide medical attention to patients. The NGO has the authority to decide on how a medical care will be taken care of when they are the ones offering the services through the Pfizer organizational. The civil society is the member of the community in which the branches of Pfizer corporate are located. It is the civil society who benefit from the medical services offered, and therefore the cooperation helps the company a lot in achieving its goals. They can assist in attending medical programs organized by Pfizer to learn more about how they can live health and avid diseases.

External stakeholders and their responsibilities

The external stakeholders of the organization help the company advance in its activities and earn the societies trust and maintain it. It is done through giving reports regularly on the role the external stakeholders pay and their achievements towards the growth of the organization. These stakeholders include the investors and the analysts. The analysts are in charge of carrying out research on medicine and illnesses. They are expected to find new ways of preventing diseases and the new drugs which will work faster and prevents deaths. The analysts are also expected to research in areas more susceptible to certain disease and discover ways to reduce such cases. When such reports are made to the public, they tend to trust Pfizer more on medical issues. The Harvard University is the known analyst which partners with Pfizer in their health research. The investors support the company through offering funds for their activities. They offer money for research purposes, buying medical equipment, providing medical services and hiring medical personnel. The investors have the authority to decide on the use of the fund they offer to Pfizer pharmaceutical company. Examples of investors in this business are the World Bank and the Grameen Health (Steiger, 2014).

General business environment

Pfizer Company is made up of the different segment which includes manufacturing section, treasury, shared and services and commercial operations. The production section is made up of various industries set up at various places where medicine manufacturing is done. Activities carried out in these plants are protein purification, large-scale cell culture, aseptic syringe filling and vaccine conjugation. The Treasury is where all the income of the business is accounted for. It is as well responsible for disbursing cash for any operations of the company. Shared and services are the sections of offering medical services. The medical personnel is divided according to their skills and assigned to different medical tasks. The commercial operation section deals with financial activities of the business. It is responsible for keeping financial accounts and books on all finance assigned to a certain duty and all the money invested in the activities and the purchases and sales made.

The medical business is affected by many things due to the dynamic world and the present environmental and climate conditions. Change in technology, for instance, brings advancements in medicine through the discovery of machines which eases treatment and easy research on medical cases. Change in the education system which results to better-skilled personnel who are more knowledgeable in medical cases. Open innovation has enabled Pfizer to carry out research on medicine thus discovering their ways to betting the medical services they offer their customers. Carrying out their innovation is a way to new opportunities in business which is a way to make the company more profitable (Steiger, 2014).

Projections on possible outcomes

The present trends in Pfizer business will see an increase in the operations of the organizations. The company used a strategy on innovating in the changing technical, political and economic phases. The maturity of the organization through the establishment of innovation centers of not only the short-term needs but as well the long-term medical needs. In the past, the company only concentrated with specific ideas which were short-term. Investments are being made to ensure more discoveries on medicine to ensure offering best medical attention. The notion of putting human first and technology later ensures that people trust the business with their medial issues as they know that they will be taken care off. Providing best health care is the primary point and later discoveries to improve the services. Customers are the most significant individuals in the industry (Ulrich, 2009).

Implications

Change in the pharmaceutical industry will result. More discoveries are being carried out and innovations made to improve the medicine industry. That means that more diseases will be cured, prevention measures improved and death rates reduced. With a healthy society, the economy will also grow as people have the energy to carry out their activities. Poverty levels will as well decrease as a health community works hard towards their improvement and thus high levels of living standards. More investments in medicine will be carried out. With a positive result and positive response from customers, the industry will invest more to improve their business and data science will move to change science data into medical wisdom. More taxes will be put on the company on all the services they offer and in the manufacturing plants.

Recommendations

Pfizer organization can improve on several areas of its structure and the culture of the enterprise to ensure success in their operations. On the research section, Pfizer should not only include the experts but the customers as well. Most of the customers are the patients who have suffered the situations, and they have more knowledge on the areas they live in relation to a particular illness. With such information, it will be much easier for the analysts in Pfizer Company to come up with a precise cue or preventative. It is also a way of enhancing the value of the customers and making them feel part of the entire medical research process. Pfizer business should not only use their products in their operations. They should support other medical industries by purchasing their products and applying them while offering their medical services. It will act as an incentive to promote the global pharmaceutical industry. The leadership of the company should not only include the stakeholders and shareholders alone. People from different regions should be elected to be the art of the leadership to ensure that all customers feel represented in any decisions made (mrówka, 2011). It will improve customers trust and establish a long lasting relationship with clients can rely on decisions made to improve their health.