Question

Pfizer company (answer should be recent)

-Aspects of company culture, structures, and systems and how they help in (or impede) implementation of company strategy

-An example of a recent innovative initiative (or a few examples), the type of innovation involved, and reasons for success/ failure

Answer 1

Pfizer is global research based pharmaceutical company that has a "OWNIT" culture in its office premises. Irrespective of the employee's role, every one at Pfizer strives for excellence and innovation. Pfizer employees take individual accountability for their work, which makes them to deliver their commitments on time with speed, dedication and integrity. Further, Pfizer employees always stive to create positive impact on the business by taking ownership of their careers.

Pfizer has a vertical communication channel that held the employees contact their immediate supervisor for assistance. They in turn look up to their reporting authority and get the work done. Pfizer has a well organized organization structure and this drives the company towards success. The employees take ownership of their work which makes the management easy to implement their strategy without any hinderance from its employees as their goal is aligned with the organization goal.

A rather recent innovative initiative of Pfizer is the digitial transformation strategy where in the company took initiatives and managed to ditize 35 of its enterprise products and migrating them to cloud.

Project Catalyst is one the recent innovative initiave by Pfizer where it aims at promoting consumer friendly innovation by focussing mainly on elderly users.