Pharma Veterans

Biases in 360-degree Appraisals and their Mitigation – Asrar Qureshi’s Blog Post #973 Dear Colleagues! This is Asrar Qureshi’s Blog Post #973 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: fauxels Credit: Jean-Daniel Francoeur Credit: Tima Miroshnichenko 360-degree appraisal is a way to get feedback on performance of an employee from different perspectives. In this system, bosses, co-workers, and subordinates rate the performance of an individual who is usually from mid-level to senior level of management. At these levels, there are enough related employees to provide sufficient data for a detailed assessment. 360-degree feedback may be helpful for creating a long-term roadmap for the employee’s future performance, including training and development. Fewer companies in Pakistan do 360-degree appraisals at certain manage...

Place of Intuition in Executive Decision Making – Asrar Qureshi’s Blog Post #935 Dear Colleagues! This is Asrar Qureshi’s Blog Post #935 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. Daniel Kahneman Credit: Emma Keshavarz Gary Klein Credit: Kamaji Ogino Corporate Executives, as they become more senior, tend to rely more on their intuition, or gut feeling. Mr. Nasir Mahmood (late) was a legendary marketing head who grew Abbott Labs Pakistan from a small company to one of the fastest growing companies in 1980s, and 1990s. He once asked in a meeting of managers (I was a relatively new manager among the group), “how do you hire? You go by your gut feeling. That is what I do, and it never fails me”. He was not the only senior executive doing it, many others also did it. And it was not just about hiring, for all important decisions,...

Annual Appraisal System is Dead – Asrar Qureshi’s Blog Post #844 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #844 for Pharma Veterans. Pharma Veterans aims to share knowledge and wisdom from Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Photo Credit: Alex Green Photo Credit: Mikhail Nilov Photo Credit: Tima Miroshnichenko I recently read an article by Mr. Benham Tabrizi, Stanford University Director of Executive Program/ Teaching Faculty. He is author of 10 books and an advisor to Boards and C-suite. The title of his article is ‘Why the performance review is dying out – including at companies like Apple and Microsoft’. Then I did more reading on the subject and reviewed what has already changed and what is still changing. The topic resonates with me very well. Having worked in the corporate world for a lon...