Pfizer Inc.: Building an Innovation Center

Pfizer Inc.: Building an Innovation Center Description

The case describes Pfizer's efforts to build and run an innovation center in Cambridge, Massachusetts. As the center goes through different periods of leadership and strategic models, its relationship with the corporation and other research sites is explored. The case study describes in detail the challenges of building an innovation center within a large corporation, including organization, incentives, and scientific issues. Subjects Covered: Innovation, R&D, Organizational Development, Experimentation, Pharmaceutical Drug Discovery

Case Description Pfizer Inc.: Building an Innovation Center

Strategic Managment Tools Used in Case Study Analysis of Pfizer Inc.: Building an Innovation Center

STEP 1. Problem Identification in Pfizer Inc.: Building an Innovation Center case study

STEP 2. External Environment Analysis - PESTEL / PEST / STEP Analysis of Pfizer Inc.: Building an Innovation Center case study

STEP 3. Industry Specific / Porter Five Forces Analysis of Pfizer Inc.: Building an Innovation Center case study

STEP 4. Evaluating Alternatives / SWOT Analysis of Pfizer Inc.: Building an Innovation Center case study

STEP 5. Porter Value Chain Analysis / VRIO / VRIN Analysis Pfizer Inc.: Building an Innovation Center case study

STEP 6. Recommendations Pfizer Inc.: Building an Innovation Center case study

STEP 7. Basis of Recommendations for Pfizer Inc.: Building an Innovation Center case study

Case Analysis of Pfizer Inc.: Building an Innovation Center

Pfizer Inc.: Building an Innovation Center is a Harvard Business (HBR) Case Study on Leadership & Managing People , Texas Business School provides HBR case study assignment help for just $9. Texas Business School(TBS) case study solution is based on HBR Case Study Method framework, TBS expertise & global insights. Pfizer Inc.: Building an Innovation Center is designed and drafted in a manner to allow the HBR case study reader to analyze a real-world problem by putting reader into the position of the decision maker. Pfizer Inc.: Building an Innovation Center case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. Pfizer Inc.: Building an Innovation Center will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.

Case Study Solutions Background Work

Pfizer Inc.: Building an Innovation Center case study solution is focused on solving the strategic and operational challenges the protagonist of the case is facing. The challenges involve – evaluation of strategic options, key role of Leadership & Managing People, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of Pfizer Inc.: Building an Innovation Center, is to not only build a competitive position of the organization but also to sustain it over a period of time.

Strategic Management Tools Used in Case Study Solution

The Pfizer Inc.: Building an Innovation Center case study solution requires the MBA, EMBA, executive, professional to have a deep understanding of various strategic management tools such as SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.

Texas Business School Approach to Leadership & Managing People Solutions

In the Texas Business School, Pfizer Inc.: Building an Innovation Center case study solution – following strategic tools are used - SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.

We have additionally used the concept of supply chain management and leadership framework to build a comprehensive case study solution for the case – Pfizer Inc.: Building an Innovation Center

Step 1 – Problem Identification of Pfizer Inc.: Building an Innovation Center - Harvard Business School Case Study

The first step to solve HBR Pfizer Inc.: Building an Innovation Center case study solution is to identify the problem present in the case. The problem statement of the case is provided in the beginning of the case where the protagonist is contemplating various options in the face of numerous challenges that Center Innovation is facing right now. Even though the problem statement is essentially – “Leadership & Managing People” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Center Innovation, style of leadership and organization structure, marketing and sales, organizational behavior, strategy, internal politics, stakeholders priorities and more.

Step 2 – External Environment Analysis

Texas Business School approach of case study analysis – Conclusion, Reasons, Evidences - provides a framework to analyze every HBR case study. It requires conducting robust external environmental analysis to decipher evidences for the reasons presented in the Pfizer Inc.: Building an Innovation Center.

The external environment analysis of Pfizer Inc.: Building an Innovation Center will ensure that we are keeping a tab on the macro-environment factors that are directly and indirectly impacting the business of the firm.

What is PESTEL Analysis? Briefly Explained

PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in Pfizer Inc.: Building an Innovation Center case study. PESTEL analysis of " Pfizer Inc.: Building an Innovation Center" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.

How to do PESTEL / PEST / STEP Analysis? What are the components of PESTEL Analysis?

As mentioned above PESTEL Analysis has six elements – political, economic, social, technological, environmental, and legal. All the six elements are explained in context with Pfizer Inc.: Building an Innovation Center macro-environment and how it impacts the businesses of the firm.

How to do PESTEL Analysis for Pfizer Inc.: Building an Innovation Center

To do comprehensive PESTEL analysis of case study – Pfizer Inc.: Building an Innovation Center , we have researched numerous components under the six factors of PESTEL analysis.

Political Factors that Impact Pfizer Inc.: Building an Innovation Center

Political factors impact seven key decision making areas – economic environment, socio-cultural environment, rate of innovation & investment in research & development, environmental laws, legal requirements, and acceptance of new technologies.

Policy Making Impact on Pfizer Inc.: Building an Innovation Center

Government policies have significant impact on the business environment of any country. The firm in “ Pfizer Inc.: Building an Innovation Center ” needs to navigate these policy decisions to create either an edge for itself or reduce the negative impact of the policy as far as possible.

Data safety laws – The countries in which Center Innovation is operating, firms are required to store customer data within the premises of the country. Center Innovation needs to restructure its IT policies to accommodate these changes. In the EU countries, firms are required to make special provision for privacy issues and other laws.

Competition Regulations – Numerous countries have strong competition laws both regarding the monopoly conditions and day to day fair business practices. Pfizer Inc.: Building an Innovation Center has numerous instances where the competition regulations aspects can be scrutinized.

Import restrictions on products – Before entering the new market, Center Innovation in case study Pfizer Inc.: Building an Innovation Center" should look into the import restrictions that may be present in the prospective market.

Export restrictions on products – Apart from direct product export restrictions in field of technology and agriculture, a number of countries also have capital controls. Center Innovation in case study “ Pfizer Inc.: Building an Innovation Center ” should look into these export restrictions policies.

Foreign Direct Investment Policies – Government policies favors local companies over international policies, Center Innovation in case study “ Pfizer Inc.: Building an Innovation Center ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.

Taxation & Regulation Impact on Pfizer Inc.: Building an Innovation Center

Corporate Taxes – The rate of taxes is often used by governments to lure foreign direct investments or increase domestic investment in a certain sector. Corporate taxation can be divided into two categories – taxes on profits and taxes on operations. Taxes on profits number is important for companies that already have a sustainable business model, while taxes on operations is far more significant for companies that are looking to set up new plants or operations.

Tariffs – Chekout how much tariffs the firm needs to pay in the “ Pfizer Inc.: Building an Innovation Center ” case study. The level of tariffs will determine the viability of the business model that the firm is contemplating. If the tariffs are high then it will be extremely difficult to compete with the local competitors. But if the tariffs are between 5-10% then Center Innovation can compete against other competitors.

Government Scheme & Subsidies Impact on Pfizer Inc.: Building an Innovation Center

Research and Development Subsidies and Policies – Governments often provide tax breaks and other incentives for companies to innovate in various sectors of priority. Managers at Pfizer Inc.: Building an Innovation Center case study have to assess whether their business can benefit from such government assistance and subsidies.

Consumer protection – Different countries have different consumer protection laws. Managers need to clarify not only the consumer protection laws in advance but also legal implications if the firm fails to meet any of them.

Political System & Stability, and its Impact on Pfizer Inc.: Building an Innovation Center

Political System and Its Implications – Different political systems have different approach to free market and entrepreneurship. Managers need to assess these factors even before entering the market.

Freedom of Press is critical for fair trade and transparency. Countries where freedom of press is not prevalent there are high chances of both political and commercial corruption.

Corruption level – Center Innovation needs to assess the level of corruptions both at the official level and at the market level, even before entering a new market. To tackle the menace of corruption – a firm should have a clear SOP that provides managers at each level what to do when they encounter instances of either systematic corruption or bureaucrats looking to take bribes from the firm.

Independence of judiciary – It is critical for fair business practices. If a country doesn’t have independent judiciary then there is no point entry into such a country for business.

Government attitude towards trade unions – Different political systems and government have different attitude towards trade unions and collective bargaining. The firm needs to assess – its comfort dealing with the unions and regulations regarding unions in a given market or industry. If both are on the same page then it makes sense to enter, otherwise it doesn’t.

Economic Factors that Impact Pfizer Inc.: Building an Innovation Center

Social Factors that Impact Pfizer Inc.: Building an Innovation Center

Technological Factors that Impact Pfizer Inc.: Building an Innovation Center

Environmental Factors that Impact Pfizer Inc.: Building an Innovation Center

Legal Factors that Impact Pfizer Inc.: Building an Innovation Center

Step 3 – Industry Specific Analysis

What is Porter Five Forces Analysis

PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in Pfizer Inc.: Building an Innovation Center case study. PESTEL analysis of " Pfizer Inc.: Building an Innovation Center" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.

Step 4 – SWOT Analysis / Internal Environment Analysis

Step 5 – Porter Value Chain / VRIO / VRIN Analysis

Step 6 – Evaluating Alternatives & Recommendations

Step 7 – Basis for Recommendations

References :: Pfizer Inc.: Building an Innovation Center case study solution