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  • GLAXOSM

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    RUPINDER SINGH
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    GlaxoSmithKline is a multinational pharmaceutical company founded in 1924 that has grown through 7 mergers over 75 years. It aims to deliver more high-quality and valuable healthcare products globally through research and development, sustainability efforts, and collaboration, while also addressing challenges like ethical dilemmas, incentive issues, and regulatory pressures through reforms to its performance and culture.

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    GlaxoSmithKline is a multinational pharmaceutical company founded in 1924 that has grown through 7 mergers over 75 years. It aims to deliver more high-quality and valuable healthcare products globally through research and development, sustainability efforts, and collaboration, while also addressing challenges like ethical dilemmas, incentive issues, and regulatory pressures through reforms to its performance and culture.

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    © All Rights Reserved
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    2 views1 page

    GLAXOSM

    Uploaded by

    RUPINDER SINGH
    GlaxoSmithKline is a multinational pharmaceutical company founded in 1924 that has grown through 7 mergers over 75 years. It aims to deliver more high-quality and valuable healthcare products globally through research and development, sustainability efforts, and collaboration, while also addressing challenges like ethical dilemmas, incentive issues, and regulatory pressures through reforms to its performance and culture.

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    © All Rights Reserved
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    GLAXOSMITHKLINE INTRODUCTION

    REINVENTING INCENTIVES
    AND
    Multinational Company with
    concentration in pharmaceuticals and
    OBJECTIVES
    PERFORMANCE I
    healthcare products Grow a diversified global business
    Founded in 1924 in India Deliver more products of value
    7 mergers in 75 years Simplify the operating model
    World's 3rd largest phrama Co. Company slogan- "Do more, feel
    better Live longer"

    ANALYSIS METHODOLOGY
    The company bought back and Research and Development
    extinguished 28, 19.529 equity shares Patient-centric approach
    during 2005. Sustainability
    The accounting year of the company Quality control
    changed Collaboration
    To facilitate comparison, figures have Continous Improvement
    been adjusted or regrouped
    CHALLENGES
    Ethical Dilemmas SOLUTIONS
    Stress in the force
    Implement a revised incentive structure.
    Incentive System Issues
    Emphasize training programs to align with healthcare
    Organizational Culture
    professionals'
    Regulatory Pressures
    introduce stress management programs.
    Transition to New Performance
    Promote a healthier work-life balance.
    Complexity of Performance system
    Conduct regular ethics training.
    Implement cultural initiatives .

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