Pfizer Operation in Bangladesh
Introduction:
We have selected pharmaceuticals industry to invest as a foreign company. Bangladeshi industry in this sector is quite developed. For the last ten years, Bangladesh is exporting medicine to various countries. The reason is that still now, the tax and restrictions of laws are not those much strict in this sector. Though these weaker restrictions are causing some problems, government is trying to help to develop this sector providing various supports.
We have selected this industry because we have seen some opportunity in this sector to be invested. To be honest, Bangladesh is not a very investment friendly country. Many foreign companies and not agreed to invest here as there are so many problems like crooked authority, lack of resources, unstable political and economical situation are making things worse. Still we believe that in this sector, investment can be possible.
The environment investigation:
Pfizer Inc. is the world’s most profitable privately funded research based biomedical organization. After its merger with Warner-Lambert in July 2000, Pfizer became the world’s largest pharmaceutical company. Pfizer has a valuable and resourceful R&D division, huge global sales, popular products which made this company profitable. The secret behind the success is that Pfizer follows some criteria in operation of the business. These are, * Maximizing near and long-term revenues. * Establishing a lower and more flexible cost base somewhere in Asia. * Creating smaller, more focused and more accountable operating areas. * Engaging more productively with customers, patients, physicians and other collaborators. * Making Pfizer a great place to work.
By the end of the year 2007, Pfizer has changed the business process along with the change of global business climate. This company now operates in places there are less restrictions, less bureaucracy and less cost in operating. Pfizer has restructured their cost base to operate with flexibility.
We have selected pharmaceuticals industry to invest as a foreign company. Bangladeshi industry in this sector is quite developed. For the last ten years, Bangladesh is exporting medicine to various countries. The reason is that still now, the tax and restrictions of laws are not those much strict in this sector. Though these weaker restrictions are causing some problems, government is trying to help to develop this sector providing various supports.
We have selected this industry because we have seen some opportunity in this sector to be invested. To be honest, Bangladesh is not a very investment friendly country. Many foreign companies and not agreed to invest here as there are so many problems like crooked authority, lack of resources, unstable political and economical situation are making things worse. Still we believe that in this sector, investment can be possible.
The environment investigation:
Pfizer Inc. is the world’s most profitable privately funded research based biomedical organization. After its merger with Warner-Lambert in July 2000, Pfizer became the world’s largest pharmaceutical company. Pfizer has a valuable and resourceful R&D division, huge global sales, popular products which made this company profitable. The secret behind the success is that Pfizer follows some criteria in operation of the business. These are, * Maximizing near and long-term revenues. * Establishing a lower and more flexible cost base somewhere in Asia. * Creating smaller, more focused and more accountable operating areas. * Engaging more productively with customers, patients, physicians and other collaborators. * Making Pfizer a great place to work.
By the end of the year 2007, Pfizer has changed the business process along with the change of global business climate. This company now operates in places there are less restrictions, less bureaucracy and less cost in operating. Pfizer has restructured their cost base to operate with flexibility.
Bibliography: * http://en.wikipedia.org/wiki/Pfizer * www.pfizer.com/responsibility/cr_report/access.jsp * http://media.pfizer.com/files/responsibility/protecting_environment/Pfizer_Green_Buildings.pdf * http://en.wikipedia.org/wiki/Pfizer_Inc * http://media.pfizer.com/files/annualreport/2008/financial/financial2008.pdf * http://hbswk.hbs.edu/archive/docs/11_F_101000_PFIZER-Clark.pdf