Kowledge Management in Pharma Industry
CONTENTS
INTRODUCTION 3
COMPANY PROFILE 4
KNOWLEDGE PROCESS 5
PROCESS COMPARISON 6
PFIZER DRUG DEVELOPMENT PROCESS 7
RANBAXY DRUG DEVELOPMENT PROCESS 7
CONCLUSION 8
INTRODUCTION
Knowledge management is systematic management of intellectual capital and organizational knowledge as well as the associated processes of creating, gathering, organizing, retrieving, leveraging, and using intellectual capital for the purposes of improving organizations and the people in them. Through these processes, organizations capture and store data and information in a central or distributed electronic environment—often referred to as a knowledge base. Knowledge management involves an intentional effort to stimulate the sharing and use of knowledge, instead of relying on ad-hoc and informal knowledge sharing activities, while at the same time keeping the knowledge secured within the organization and its selected partners. Knowledge management is about changing the way that employees create, share and use their knowledge, so that the organization retains and builds upon the knowledge. It is the cultural aspects of transforming individual-held implicit knowledge to organizational-shared explicit knowledge.
Being of such importance to the organizations in today’s world of cut throat competition it has become very important for the organizations to develop and use Best Practices for managing the knowledge base of the organizations. The only way in which the organizations can fully leverage upon this knowledge intensive world is by formulating best practices and applying these best practices in the day-to-day working of the organization hence finally making it a way of life.
OBJECTIVE The industry sector which we have selected for the project is the pharmaceutical industry. We have selected this industry because we feel that this is one industry which is one of the largest knowledge consuming and intensive industry. Pharmaceutical
INTRODUCTION 3
COMPANY PROFILE 4
KNOWLEDGE PROCESS 5
PROCESS COMPARISON 6
PFIZER DRUG DEVELOPMENT PROCESS 7
RANBAXY DRUG DEVELOPMENT PROCESS 7
CONCLUSION 8
INTRODUCTION
Knowledge management is systematic management of intellectual capital and organizational knowledge as well as the associated processes of creating, gathering, organizing, retrieving, leveraging, and using intellectual capital for the purposes of improving organizations and the people in them. Through these processes, organizations capture and store data and information in a central or distributed electronic environment—often referred to as a knowledge base. Knowledge management involves an intentional effort to stimulate the sharing and use of knowledge, instead of relying on ad-hoc and informal knowledge sharing activities, while at the same time keeping the knowledge secured within the organization and its selected partners. Knowledge management is about changing the way that employees create, share and use their knowledge, so that the organization retains and builds upon the knowledge. It is the cultural aspects of transforming individual-held implicit knowledge to organizational-shared explicit knowledge.
Being of such importance to the organizations in today’s world of cut throat competition it has become very important for the organizations to develop and use Best Practices for managing the knowledge base of the organizations. The only way in which the organizations can fully leverage upon this knowledge intensive world is by formulating best practices and applying these best practices in the day-to-day working of the organization hence finally making it a way of life.
OBJECTIVE The industry sector which we have selected for the project is the pharmaceutical industry. We have selected this industry because we feel that this is one industry which is one of the largest knowledge consuming and intensive industry. Pharmaceutical