Pharma Veterans

How to Continuously Reinvent Yourself Throughout Your Career– Asrar Qureshi’s Blog Post #1074 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1074 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com  for publishing your contributions here. Credit: Asia Culture Center Credit: Tima Miroshnichenko Preamble In today's rapidly evolving professional landscape, the ability to reinvent yourself is no longer optional—it's essential. Whether you’re navigating industry disruptions, shifting personal aspirations, or responding to technological advancements, continuous reinvention is the key to staying relevant and fulfilled. When I look at my own rather long career, I find that I was forced to reinvent myself in the middle years of career because of continuous changes in my assignments, each considerably different from the other. Understanding the value of reinvention, I...

Human Factor in Restructuring – Asrar Qureshi’s Blog Post #1073 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1073 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com  for publishing your contributions here. Credit: Antoni Shkraba Credit: Ron Lach This post is inspired by real events and an article published in INSEAD Knowledge. Link at the end. Preamble We have been in major restructuring process in the corporate I am working with. Being Chief of the organization, I take the responsibility of carrying out the process, its outcomes, and consequences. There is no doubt that the major affectees are the employees of the organization. In our case, it also involved a significant number of students who stood to lose their opportunity of free education. The human factor had two dimensions, both equally important and interrelated. In his article "In Layoffs, Focus on ...

Corporate Values; Beyond Words – Asrar Qureshi’s Blog Post #1072 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1072 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com  for publishing your contributions here. Credit: Adriele Nenes Credit: Ketut Subiyanto Credit: Polina Zimmerman Preamble In one of the corporate that I was long associated with, a major decision was made during the annual strategy meeting of senior managers. A new gentleman had joined from an MNC, and he pointed out that this corporate did not have ‘corporate values’. He emphasized that without corporate values, the corporate was not good enough. It was decided in principal that corporate values shall be identified, adopted officially and promoted. The same gentleman also offered to share a booklet from his previous company which had a long list of corporate values which that company probably cla...

Framework for Delegation 3 – Asrar Qureshi’s Blog Post #1071 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1071 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com  for publishing your contributions here. Credit: Fatih Yurtman Credit: Gustavo Fring Credit: Kindel Media These posts are based on an INSEAD article by Eliot Gattegno and Nadav Klein. Link at the end.  Preamble The Delegation Framework as recommended by the authors has five stages. 1. Task-based Delegation 2. Project-based Delegation 3. Process-based Delegation 4. Goal-based Delegation 5. Clairvoyant Delegation Goal-Based Delegation Goal-based delegation shifts the focus from how work is done to achieving specific outcomes. Unlike task-based, project-based, or process-based delegation, which emphasize execution, goal-based delegation gives employees autonomy to determine their own stra...

Framework for Delegation 2 – Asrar Qureshi’s Blog Post #1070 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1070 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com  for publishing your contributions here. Credit: Anna Shvets Credit: Sarah Chai Credit: Sora Shimazaki These posts are based on an INSEAD article by Eliot Gattegno and Nadav Klein. Link at the end.  Preamble The Delegation Framework as recommended by the authors has five stages. 1. Task-based Delegation 2. Project-based Delegation 3. Process-based Delegation 4. Goal-based Delegation 5. Clairvoyant Delegation Project-Based Delegation Project-based delegation goes beyond assigning individual tasks by entrusting employees with a set of related tasks or an entire project. This approach brings greater accountability, autonomy, and skill development, as employees manage multiple aspects of a...

Framework for Effective Delegation 1 – Asrar Qureshi’s Blog Post #1069 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1069 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com  for publishing your contributions here. Credit: Cedric Fauntleroy Credit: Ketut Subiyanto These posts are based on an INSEAD article by Eliot Gattegno and Nadav Klein. Link at the end.  Preamble The article starts with an interesting opening. [Quote] Consider this man. He takes daily post-lunch naps and frequently dozes off in a lounge chair after dinner. He spends his afternoons at home rather than at the office, tending to his garden and golfing. He spends months away from work on vacation. He prides himself on avoiding “hustling”. “I’m here because I shirked: [I] did less work,” he reflects. Many people may look askance at such a guy, but in fact this was how John D. Rockefeller, a...

Pay Disparity – Internal Promotions vs Lateral Hiring – Asrar Qureshi’s Blog Post #1068 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1068 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com  for publishing your contributions here. Credit: Ivan Samkov Credit: Ketut Subiyanto Preamble This phenomenon—where long-term, loyal employees are often underpaid compared to external hires—is a well-documented issue in corporate compensation structures. Research consistently shows that external hires are often brought in at a premium of 15-20% over internally promoted employees, despite the latter having institutional knowledge, proven performance, and loyalty to the company.   Why Does This Happen? First reason is that there is a disparity between market compensation and organization’s internal pay scale. Companies benchmark external hires’ salaries against the ...

 Five Global Trends in Business and Society in 2025 – 5 – Asrar Qureshi’s Blog Post #1067 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1067 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com for publishing your contributions here. Credit: Nischal Mudennavar Credit: Khalid Khan Credit: Mido Makasardi Credit: Nadine Sh This post is based on an INSEAD survey and report. Preamble The INSEAD article "Five Global Trends in Business and Society in 2025" identifies key challenges and opportunities that businesses should address this year. 1. Climate Change 2. Geopolitical Crises 3. Economic Uncertainty 4. Social Instability 5. Income and Wealth Inequality The article emphasises the need for businesses to proactively engage with these issues to foster a more equitable and sustainable society. We take these trends one by one in discussion. Income and We...

  Five Global Trends in Business and Society in 2025 – 4 – Asrar Qureshi’s Blog Post #1066 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1066 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to pharmaveterans2017@gmail.com for publishing your contributions here. Credit: Asad Photo Maldives Credit: Eddie Stofe Credit: Geancarlo Peruzzolo Credit: Mehedi Hasan Credit: Tony Zohari This post is based on an INSEAD survey and report. Preamble The INSEAD article "Five Global Trends in Business and Society in 2025" identifies key challenges and opportunities that businesses should address this year. 1. Climate Change 2. Geopolitical Crises 3. Economic Uncertainty 4. Social Instability 5. Income and Wealth Inequality The article emphasizes the need for businesses to proactively engage with these issues to foster a more equitable and sustainable society. We take these trends one by on...