Pharma Veterans

Three Essentials for Effective Decision Making – Asrar Qureshi’s Blog Post #1303 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1303 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: RDNE Stock Project Credit: Victor Xochipa Credit: Werner Pfennig Preamble This blogpost takes insights from an INSEAD article. Link at the end. Better Decisions Begin Before the Decision: Three Essentials Every Leader Needs Leadership is often described as the art of making difficult decisions. In business, leaders are expected to make choices quickly, confidently, and ideally, based on facts. Modern organizations have therefore invested heavily in decision-making tools: financial models, dashboards, scenario planning, artificial intelligence, simulations and sophisticated analytics. But there is a fundamental problem that leaders s...

The Future of Asian Family Businesses – Asrar Qureshi’s Blog Post #1301 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1301 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: Shvets Production Credit: Meruyert Gonullu Credit: Ron Lach Preamble This blogpost takes insights from a podcast discussion by two INSEAD faculty members. Link at the end. The Future of Asian Family Businesses: From Family Legacy to Professional Enterprise Family businesses are among the most powerful engines of Asia's economy. They are not merely companies owned by families; they are institutions deeply embedded in communities, economies, and social relationships. In some Asian markets, family-owned enterprises contribute roughly 70 percent of GDP and employ more than 60 percent of the workforce. Their importance therefore extends far beyon...

  Strategy is a Process – Asrar Qureshi’s Blog Post #1253 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1253 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: Kindel Media Preamble This post is based on an another very important INSEAD article, this one by Andrew Shipilov. Link at the end. Strategy is the main playbook of almost all organizations. However, strategy formation, adoption, and execution vary greatly. This article sheds new light on the strategy. Very thought provoking read. Your Strategy Is a Flashlight, Not a Business Plan In boardrooms across the world, strategy is still treated as a document. It is written, refined, approved, and then, ironically, filed away. Organizations spend months crafting multi-year projections, detailed business plans, and structured roadmaps. And yet, many of these ...

Aligning Strategy and Culture – Asrar Qureshi’s Blog Post #1252 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1252 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: Ann H Credit: Ayşin S. Credit: Thirdman Preamble This post is based on an INSEAD article by Charles Galunic. Link at the end. Aligning Strategy and Culture: Why the Real Magic Lies in the Middle For decades, leaders have wrestled with a persistent organizational challenge. Why do well-crafted strategies fail? The answer is often summarized in a familiar phrase:  “Culture eats strategy for breakfast.” But this statement, while powerful, is incomplete. The real issue is not that culture defeats strategy. It is that strategy and culture are rarely aligned in the place where execution actually happens. According to insights from INSEAD research, th...

Responsible Leadership – Asrar Qureshi’s Blog Post 1195 Dear Colleagues! This is Asrar Qureshi’s Blog Post 1195 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: Matheus Amaral Preamble This blog post is mainly based on an INSEAD article written by Graham Ward of INSEAD, and Anindo Bhattacharjee and Raul V. Rodriguez of Woxsen University. Link here. https://knowledge.insead.edu/career/three-responsible-leadership   Why “Responsible Leadership” Matters More Than Ever In a world defined by volatility, political upheaval, fast-changing technologies like AI, economic uncertainty, the stakes for leadership have never been higher. The article from INSEAD argues that leaders must go beyond traditional metrics of performance and profit. The challenges today call for a leadership style grounded in ethics, awareness,...

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...

Why We Do Not Do What We Say – Asrar Qureshi’s Blog Post #901 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #901 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. Credit: Anete Lusina Credit: Alex Green Credit: Ozan Çulha Often, while we display good intentions and talk good things, our actual behavior does not match with it. The alarming thing is that many a times we do not even realize this contradiction.  The phenomenon where people's actions do not align with their words, despite having good intentions, can be attributed to several psychological factors. Understanding these factors can shed light on the complexities of human behavior and communication. Sigmund Freud (1856 – 1939) said that only about one-tenth of our mind...

About Family Businesses – Part 6 – Recommendations – Asrar Qureshi’s Blog Post #712 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #712 for Pharma Veterans. Pharma Veterans welcome sharing of knowledge and wisdom by 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: Thirdman Photo Credit: Tim Douglas This series of articles partakes from some material published in INSEAD Knowledge. INSEAD is in France and is highly ranked among the most prestigious business schools of the world. INSEAD Professor of Economics and Academic Director of the Wendel International Center for Family Enterprises, Morten Bennedsen defines two major reasons for the floundering of family businesses: not defining corporate governance; and not bringing external executives in to manage the firm. We have talked much about corporate ...

Global Talent Competitive Index – Part 1 – Asrar Qureshi’s Blog Post #646 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #646 for Pharma Veterans. Pharma Veterans welcome sharing of knowledge and wisdom by 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. Introduction The eighth edition of Global Talent Competitiveness Index – GTCI – 2021 has been published. This year it has been co-produced by INSEAD, France, and Portulans Institute, a think-tank based in Washington, DC, and Geneva. GTCI measures talent along set parameters in various countries of the world, which more or less remain the same. In the 2021 report, 134 countries are included. The complete report has 328 pages and those interested may follow the link at the end to see the full report.  Talent Situation Worldwide My comment is that such instruments h...