e.
ECOLOGICAL ASPECTS
1. **Environmental Impact Assessment (EIA):**
- Pfizer conducts thorough EIAs for all new and expanded operations. An EIA is a process that
evaluates the potential environmental impacts of a proposed project or development. It includes
assessing the effects on air quality, water resources, biodiversity, and the overall ecosystem.
- Example: Before establishing a new manufacturing facility, Pfizer assesses the potential impact
on local ecosystems, air quality, and water sources to ensure that the project aligns with
environmental regulations and sustainable practices.
2. **Waste Management:**
- Pfizer has a comprehensive waste management program to minimize its environmental
footprint. This includes efforts to reduce, recycle, and responsibly dispose of waste.
- Example: Pfizer may implement recycling programs for materials commonly used in its
operations, such as paper, plastics, and packaging materials. The company might also explore
partnerships with local recycling facilities to ensure proper waste disposal.
3. **Water Conservation:**
- Pfizer recognizes the importance of water conservation and has implemented measures to
reduce water consumption.
- Example: The company may employ rainwater harvesting systems to collect and use rainwater
for non-potable purposes, such as irrigation or cooling. Recycling wastewater from manufacturing
processes is another example, where treated water can be reused within the facility, reducing the
demand on freshwater resources.
4. **Energy Efficiency:**
- Pfizer is committed to improving energy efficiency and decreasing greenhouse gas emissions
associated with its operations.
- Example: The company may invest in energy-efficient equipment, such as LED lighting or high-
efficiency machinery. Additionally, Pfizer might incorporate renewable energy sources like solar
panels or wind turbines to power its facilities, thereby reducing reliance on non-renewable
energy.
5. **Sustainable Packaging:**
- Pfizer is dedicated to using sustainable packaging materials and reducing overall packaging
waste.
- Example: The company may explore alternatives to traditional packaging materials, such as
biodegradable or recyclable materials. Reducing the size and weight of packaging without
compromising product safety is another strategy to minimize environmental impact.
f. OTHER EXTERNAL FACTORS THAT MAY BE MORE DIRECTLY RELEVANT TO YOUR BUSINESS
Economic conditions: The economic conditions in the Philippines, such as GDP growth, inflation
rates, and employment levels, can impact Pfizer's business. During periods of economic growth,
there may be increased healthcare spending and a higher demand for pharmaceutical products.
On the other hand, during economic downturns, there may be a decrease in healthcare budgets
and a more cautious approach to spending on medications.
Healthcare system: The structure and effectiveness of the healthcare system in the Philippines
are crucial for Pfizer's operations. Factors such as accessibility, affordability, and quality of
healthcare services can influence the demand for Pfizer's products. For example, if the healthcare
system is well-funded and efficient, it may lead to increased access to healthcare and a higher
demand for Pfizer's medications.
Competition: The pharmaceutical industry in the Philippines is highly competitive, with both local
and international companies compete for market share. Pfizer needs to consider the strategies
and offerings of its competitors, such as pricing, product portfolio, distribution networks, and
marketing efforts. Staying ahead of the competition and continuously innovating is essential for
Pfizer's success.
Government policies: Government policies and regulations play a significant role in Pfizer's
business. Policies related to drug registration, pricing, intellectual property rights, and healthcare
reimbursement can directly impact Pfizer's operations and profitability. For example, changes in
drug pricing regulations may affect the pricing strategy of Pfizer's products in the Philippines. 5.
Public opinion: Public opinion and perception of pharmaceutical companies, including Pfizer, can
influence their reputation and brand image. Factors such as trust, transparency, and ethical
practices play a role in shaping public opinion. Pfizer needs to engage with the public, healthcare
professionals, and patient advocacy groups to ensure a positive perception and maintain trust.
Social and cultural factors: Social and cultural factors, such as beliefs, attitudes, and healthcare
practices, can impact Pfizer's business. Understanding the local culture, traditions, and healthcare
preferences is crucial for developing effective marketing strategies and tailoring products to meet
the needs of the Filipino population. For example, cultural beliefs about healthcare and
treatment options may influence the acceptance and adoption of Pfizer's medications. These
external factors require Pfizer to closely monitor and adapt to changes in the business
environment to remain competitive and meet the evolving needs of the market.
KPI (Key Performance Indicator)
Sales growth: Sales growth is a crucial KPI for Pfizer as it measures the increase in revenue over a
specific period. Pfizer may track the sales growth of its pharmaceutical products in the Philippines
to assess the effectiveness of its marketing and sales strategies. For example, Pfizer may set a
target of achieving a certain percentage of sales growth annually.
Market share: Market share is a KPI that measures Pfizer's portion of the total pharmaceutical
market in the Philippines. Pfizer may monitor its market share to evaluate its competitiveness
and track its performance compared to competitors. Increasing market share indicates a stronger
presence in the market and a higher demand for Pfizer's products.
Product launches: Product launches are an essential KPI for Pfizer as it represents the
introduction of new pharmaceutical products to the market. Pfizer may track the number of
successful product launches and the market acceptance of these products. The KPI can help
assess Pfizer's ability to innovate and meet the healthcare needs of the Filipino population.
Clinical trials: Clinical trials are a critical part of Pfizer's research and development process. Pfizer
may track the progress and success rate of clinical trials conducted in the Philippines. This KPI
helps Pfizer evaluate the effectiveness and safety of its investigational drugs and assess their
potential for regulatory approval and commercialization.
Patient access: Patient access is a KPI that measures the availability and affordability of Pfizer's
medications to the Filipino population. Pfizer may track the number of patients who have access
to its medicines, especially for critical diseases or conditions. Improving patient access ensures
that Pfizer's products reach those who need them most.
Employee satisfaction: Employee satisfaction is an important KPI for Pfizer as it reflects the
engagement and well-being of its workforce. Pfizer may measure employee satisfaction through
surveys, feedback, and retention rates. A satisfied and motivated workforce contributes to
enhanced productivity, innovation, and overall business success.
Customer satisfaction: Customer satisfaction is a KPI that measures the satisfaction levels of
healthcare professionals, patients, and other stakeholders who interact with Pfizer. Pfizer may
collect feedback, conduct surveys, and analyze customer satisfaction ratings. High customer
satisfaction indicates that Pfizer's products and services meet the needs and expectations of its
customers.
SWOT OF THE COMPANY
Strong brand recognition and reputation: Pfizer is globally recognized as a leading
pharmaceutical company, known for its high-quality products and commitment to safety.
Global research and development capabilities: Pfizer has extensive research and
development capabilities, enabling the company to innovate and develop new drugs and
treatments.
Broad portfolio of products and vaccines: Pfizer offers a diverse range of pharmaceutical
products and vaccines, catering to various therapeutic areas and patient needs.
Commitment to quality and safety: Pfizer prioritizes quality and safety in its products,
adhering to stringent regulatory standards and ensuring patient well-being.
Presence in over 100 countries: Pfizer's wide global presence allows the company to reach a
large customer base and expand its market reach.
Strong sales and distribution network in the Philippines: Pfizer has established a robust sales
and distribution network in the Philippines, enabling efficient delivery of its products to
healthcare providers and patients.
Weaknesses:
High prices for some products: Pfizer's pricing strategy may result in higher costs for certain
medications, which could impact affordability and access for some patients.
Dependence on a few key products: Pfizer's revenue is reliant on a few key products, which
poses a risk if there are challenges or competition in those specific therapeutic areas.
Lawsuits and regulatory challenges: Pfizer may face legal and regulatory challenges, such as
patent disputes or product liability lawsuits, which can impact its reputation and financial
performance.
Exposure to currency fluctuations: As a global company, Pfizer is exposed to currency
fluctuations, which can affect its revenue and profitability in different markets.
Competition from other pharmaceutical companies: Pfizer faces competition from both
domestic and international pharmaceutical companies, requiring continuous innovation and
effective marketing strategies.
Opportunities:
Growing demand for healthcare in the Philippines: The increasing demand for healthcare
services in the Philippines presents an opportunity for Pfizer to expand its market and reach
more patients.
Expanding access to healthcare through government programs: Government initiatives
aimed at improving healthcare access and affordability can create opportunities for Pfizer to
provide its products to a wider population.
Increasing prevalence of chronic diseases: The rising incidence of chronic diseases in the
Philippines opens avenues for Pfizer to develop and offer treatments for these conditions.
Growing demand for personalized medicine: The increasing focus on personalized medicine
presents opportunities for Pfizer to develop targeted therapies and precision medicine
solutions.
Development of new technologies and treatments: Advancements in technology and
medical research provide opportunities for Pfizer to develop innovative treatments and
therapies.
Threats:
Economic recession: Economic downturns can impact healthcare spending and affordability,
potentially affecting Pfizer's sales and revenue.
Changes in government policies: Changes in government policies, regulations, or pricing
controls can impact Pfizer's operations and profitability.
Competition from generic and biosimilar drugs: The availability of generic and biosimilar
drugs poses a threat to Pfizer's market share and pricing power. - Counterfeit drugs: The
presence of counterfeit drugs in the market can negatively impact Pfizer's brand reputation
and patient safety.
Public health crises: Outbreaks of public health crises, such as pandemics or epidemics, can
disrupt healthcare systems and impact Pfizer's operations.
INTERNAL STRATEGIC ISSUES
1. Reliance on a few key products: Pfizer's revenue in the Philippines may be heavily dependent
on a few key products. This reliance poses a risk if there are challenges or competition in those
specific therapeutic areas. Pfizer needs to diversify its product portfolio to reduce the impact of
potential fluctuations in demand or the introduction of competing products.
Example: If Pfizer's revenue in the Philippines is primarily driven by a single blockbuster drug, any
patent expiration or generic competition for that drug could significantly impact Pfizer's sales and
profitability in the country.
2. High costs: Pfizer's research and development (R&D) costs are high, and the company's
products are often priced higher than generic or biosimilar alternatives. This pricing strategy can
pose challenges in terms of affordability and access for patients, particularly in a market where
cost-consciousness is prevalent.
Example: If Pfizer's products are priced significantly higher than similar medications in the
Philippines, it may face difficulties in gaining market share and may face criticism for the
perceived high costs of its products.
3. Regulatory challenges: Pfizer must navigate and comply with various laws and regulations in
the Philippines. This includes drug registration, pricing regulations, intellectual property rights,
and compliance with local healthcare and safety standards. Regulatory changes or challenges can
impact Pfizer's ability to bring new products to market or maintain existing products.
Example: If the Philippine government introduces stricter regulations on drug pricing or imposes
additional requirements for drug registration, Pfizer may need to adjust its pricing strategy or
invest more resources in regulatory compliance.
4. Employee turnover: Pfizer may face challenges in retaining and attracting qualified employees
in the Philippines. Competition for talent in the pharmaceutical industry can be intense, and
Pfizer needs to ensure that it offers competitive compensation, career development
opportunities, and a positive work environment to retain skilled employees. Example: If Pfizer
experiences high employee turnover in the Philippines, it may face difficulties in maintaining
continuity, knowledge transfer, and productivity, which can impact its overall performance and
operations.
5. Brand awareness: Pfizer's brand awareness in the Philippines may not be as high as it is in
other countries. Building and enhancing brand awareness is crucial for Pfizer to establish trust,
credibility, and preference among healthcare professionals and patients. Example: If Pfizer's
brand awareness in the Philippines is relatively low, it may face challenges in gaining market
share and competing against pharmaceutical companies with stronger brand recognition.
Effective marketing and promotional strategies are necessary to increase awareness and visibility
of Pfizer's products and values.
ORGANIZATIONAL ELEMENTS
Core functions:
1.Research and development: Pfizer's research and development (R&D) function focuses on
discovering and developing new drugs, vaccines, and therapies. R&D teams conduct scientific
research, preclinical and clinical trials, and regulatory submissions to bring innovative products to
market.
- Example: Pfizer's R&D team in the Philippines may collaborate with global R&D
centers to conduct clinical trials for new medications and contribute to the
development of breakthrough treatments.
2. Manufacturing: Pfizer's manufacturing function involves the production and packaging of
pharmaceutical products. This includes ensuring compliance with quality standards, maintaining
efficient production processes, and managing the supply of raw materials and finished products.
- Example: Pfizer's manufacturing facilities in the Philippines may produce a range of medications,
vaccines, and other pharmaceutical products, ensuring high-quality standards and timely delivery
to meet market demand.
3. Marketing and sales: Pfizer's marketing and sales function focuses on promoting and
distributing its products to healthcare professionals, hospitals, pharmacies, and patients. This
includes developing marketing strategies, conducting market research, and building relationships
with key stakeholders.
Example: Pfizer's marketing and sales teams in the Philippines may collaborate with healthcare
professionals to educate them about Pfizer's products, organize medical conferences, and
implement marketing campaigns to raise awareness and drive product sales.
4. Supply chain management: Pfizer's supply chain management function involves managing the
flow of materials, products, and information from suppliers to customers. This includes
procurement, logistics, inventory management, and distribution.
- Example: Pfizer's supply chain management team in the Philippines may work closely with
suppliers, distributors, and logistics partners to ensure the timely and efficient delivery of
pharmaceutical products to healthcare providers and patients.
5. Finance: Pfizer's finance function handles financial planning, budgeting, accounting, and
reporting. This includes managing financial resources, ensuring compliance with financial
regulations, and providing financial analysis and insights to support decision-making.
- Example: Pfizer's finance team in the Philippines may oversee budgeting and financial
forecasting, track sales and revenue, manage expenses, and ensure compliance with local
financial regulations.
Support functions:
1. Human resources: Pfizer's human resources function is responsible for talent acquisition,
employee development, performance management, and ensuring a positive work environment.
Example: Pfizer's human resources team in the Philippines may recruit and onboard new
employees, provide training and development opportunities, manage employee benefits, and
foster a culture of diversity and inclusion.
2. Information technology: Pfizer's information technology function supports the organization's
technology infrastructure, systems, and digital capabilities. This includes managing IT systems,
data security, software development, and providing technical support. Example: Pfizer's IT team
in the Philippines may ensure the smooth operation of computer systems, network
infrastructure, and software applications, as well as support digital initiatives and data privacy
compliance.
3. Legal and regulatory: Pfizer's legal and regulatory function ensures compliance with laws,
regulations, and intellectual property rights. This includes managing legal contracts, handling
regulatory submissions, and protecting Pfizer's intellectual property. Example: Pfizer's legal and
regulatory team in the Philippines may provide legal advice, review contracts, ensure compliance
with local regulations, and protect Pfizer's patents and trademarks.
4. Quality assurance: Pfizer's quality assurance function focuses on maintaining and improving
product quality, ensuring compliance with regulatory standards, and implementing quality
control processes. Example: Pfizer's quality assurance team in the Philippines may conduct
quality audits, monitor manufacturing processes, review product documentation, and ensure
adherence to Good Manufacturing Practices (GMP) and other quality standards.
5. Corporate social responsibility: Pfizer's corporate social responsibility (CSR) function involves
initiatives aimed at making a positive impact on society and the environment. This includes
philanthropy, community engagement, and sustainability efforts. Example: Pfizer's CSR team in
the Philippines may collaborate with local organizations, support healthcare programs, promote
health education, and implement sustainability initiatives to contribute to the well-being of the
community and the environment.
PRODUCTIVITY AND GROWTH
1. Investment in research and development: Pfizer's investment in research and development
(R&D) plays a crucial role in driving productivity and growth. By allocating resources to R&D,
Pfizer can develop new and innovative medicines and vaccines to address unmet medical needs
and improve patient outcomes. Example: Pfizer's investment in R&D in the Philippines may
involve collaborations with local research institutions, clinical trials for new medications, and the
development of innovative treatment options for prevalent diseases in the country.
2. Expansion of manufacturing capacity: Pfizer's expansion of manufacturing capacity in the
Philippines contributes to productivity and growth. By increasing production capabilities, Pfizer
can meet the growing demand for its products and ensure a reliable supply to healthcare
providers and patients. Example: Pfizer's expansion of manufacturing capacity in the Philippines
may involve the construction of new manufacturing facilities, the adoption of advanced
production technologies, and the hiring and training of additional manufacturing personnel.
3. Launch of new products: Pfizer's launch of new products in the Philippines drives productivity
and growth by expanding its product portfolio and capturing new market opportunities.
Introducing innovative medications and vaccines allows Pfizer to address evolving healthcare
needs and gain a competitive edge. Example: Pfizer's launch of new products in the Philippines
may include breakthrough therapies for chronic diseases, novel vaccines for infectious diseases,
or targeted treatments for specific patient populations.
4. Strengthening of sales and distribution network: Pfizer's efforts to strengthen its sales and
distribution network in the Philippines contribute to productivity and growth. By enhancing its
reach and accessibility, Pfizer can effectively promote and distribute its products to healthcare
providers and patients. Example: Pfizer's strengthening of the sales and distribution network in
the Philippines may involve expanding its sales force, establishing partnerships with local
distributors, and implementing targeted marketing strategies to increase awareness and
product uptake.