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Why do Senior Managers Keep Repeating the Same Mistakes? Part I – Asrar Qureshi’s Blog Post #944

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Why do Senior Managers Keep Repeating the Same Mistakes? Part I – Asrar Qureshi’s Blog Post #944 Dear Colleagues! This is Asrar Qureshi’s Blog Post #944 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Credit: Andrea Piacquadio Credit: Belle Co Credit: Markus Spiske KK started his career in pharmaceutical industry fourteen years ago as Assistant Product Manager. He had an MBA degree from a well-reputed institution which was known to prepare their students well for job market. His beginnings were therefore better than others. He was received well, he was given somewhat better treatment, and he got more freedom to work.  Over the years, KK grew steadily, although he was not mentored much. This is one common issue with boys and girls coming from elitist institutions. Their senior managers treat them with somewhat more deference and
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Bayer Hierarchy Structure Shakeup – Asrar Qureshi’s Blog Post #943

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Bayer Hierarchy Structure Shakeup – Asrar Qureshi’s Blog Post #943 Dear Colleagues! This is Asrar Qureshi’s Blog Post #943 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Bayer CEO - Bill Anderson Brief History of Bayer Bayer is a German chemical and pharmaceutical company which was founded in 1863 by Friedrich Bayer, who was a chemical salesman, and Johann Friedrich, who owned a dye company. The company enjoyed rapid growth, and it was transformed into a joint stock company in 1881. Between 1881 and 1914, Bayer developed into a company with international operations. By 1913, over 80 percent revenues came from exports. Pharmaceutical department and more production sites were added. And then World War I started causing major disruption in exports. After WWI ended, German companies could not regain their previous markets and there
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Money and Happiness – Asrar Qureshi’s Blog Post #942

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Money and Happiness – Asrar Qureshi’s Blog Post #942 Dear Colleagues! This is Asrar Qureshi’s Blog Post #942 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Credit: Elina Fairytale Credit: EVG Kowalievska Credit: Marc Roy Credit: Olexandr P The idea that money can buy happiness is a complex one, with strong arguments on both sides. The debate is old and shall continue. Because people in acute need of money shall rightfully stick to their thinking that there can be no happiness without money. They do not care about scholarly and philosophical concepts of what real happiness is, or what money cannot do. For them, money will be solution to all issues. On the other side of the spectrum are people who take the opposite view. They would like to say that money may give instant gratification, for example, buying a much-desired article,
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Money in Our Lives – Asrar Qureshi’s Blog Post #941

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Money in Our Lives – Asrar Qureshi’s Blog Post #941 Dear Colleagues! This is Asrar Qureshi’s Blog Post #941 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com . Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Credit: Ahmed akacha Credit: Matheus Alves Credit: Olive Sjörström Credit: Tiffany Bui Credit: Yasin Gdu What money can and cannot buy is an old debate. Previous thinking and sayings had been underplaying the role of money in everyday life. In fact, they said the opposite that money was not everything and that it should not be in focus all the time.   I take the position that money has taken the centerstage in life and I shall build the case based on several factors. We discuss how the importance of money has increased in people's lives, the trends in the relationship of money to people's lives, and predictions about the future. Money had always played a central rol
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Corporate Management in Larger Organizations – Asrar Qureshi’s Blog Post #940

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Corporate Management in Larger Organizations – Asrar Qureshi’s Blog Post #940 Dear Colleagues! This is Asrar Qureshi’s Blog Post #940 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Credit: Anete Lusina Credit: Brett Sayles Credit: Markus Winkler In this blog post, I shall present findings about corporate management or governance in larger organizations, be they private or public. Corporate management is the system of rules, practices, and processes through which a company is run, controlled, and directed. The culture of the organization evolves from governance, not the other way round. Corporate management, as mentioned earlier also, must balance the interests of all stakeholders. The shareholders should get return on their investment, suppliers look for on time payment of supplies, employees look for safe environment and caree
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Corporate Management in Personal Ownership Firms – Solutions – Asrar Qureshi’s Blog Post #939

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Corporate Management in Personal Ownership Firms – Solutions – Asrar Qureshi’s Blog Post #939 Dear Colleagues! This is Asrar Qureshi’s Blog Post #939 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com . Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Credit: Christina Morillo Credit: fauxels Credit: olia danilevich Credit: Yan Krukau I had concluded the last blog post with hinting at two suggested solutions. Raising issues is important but providing solutions is even more important. In this blog post, I shall expand upon the two suggestions. Delegating Responsibilities with Authority Delegation is most recommended but less practiced in most corporates. The managers do not understand the benefits it accrues, or they feel threatened as they consider it an encroachment on their managerial turf. We shall focus on the benefits here. Delegation is a cornerstone of effective leadership
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Corporate Management in Pakistan – Personal Ownership Firms – Asrar Qureshi’s Blog Post #938

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Corporate Management in Pakistan – Personal Ownership Firms – Asrar Qureshi’s Blog Post #938 Dear Colleagues! This is Asrar Qureshi’s Blog Post #938 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Credit: Artem Podrez Credit: Bali Demiri Credit: Dziana Hasanbekova Preamble Pakistani companies may be divided into various types based on their legal constitution. Sole proprietorship companies are those who have only one owner, who owns the entire organization, its assets, and its operations. Partnership firms are those which have two or more partners who come together to start and run and business. Whatever may happen later because many partnerships somehow dissolve at some stage. These firms are legally registered under companies ordinance. Private Limited companies are those which are more formal and are registered with the Secur
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