Pharma Veterans

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 ...

Bayer’s Exit from Pakistan Market – Asrar Qureshi’s Blog Post #823 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #823 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. OBS Team Taking Keys of Bayer Plant Bayer Pharma OBS Pakistan Bayer, the German company doing business in Pharmaceutical, Chemical, and Agriculture market has sold its Pharma business to a local corporate and exited from Pakistan market. There is no word yet on the status of other businesses. Bayer is the latest in the list of MNCs leaving Pakistan. This scenario raises questions about the reasons and implications which I shall take up in another post. This post is dedicated to the way Bayer has left Pakistan market. I shall quote from several reports, references of wh...

Job Opportunities and Other Aspects of AI and ChatGPT – Asrar Qureshi’s Blog Post #812 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #812 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: Kindel Media Photo Credit: Pavel Danilyuk Photo Credit: Ron Lach In the last post, we took up the impact of AI and ChatGPT on the job market generally, which jobs are more likely to be replaced and which may be transformed. In this post, we shall take up job opportunities which would possibly be created by these technologies. Upskilling and Reskilling Opportunities in the Age of AI As AI and ChatGPT continue to disrupt industries, upskilling and reskilling become crucial for individuals seeking to adapt to the changing job landscape. U...

Understanding the Impact of AI and ChatGPT on Jobs – Asrar Qureshi’s Blog Post #811 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #811 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: Airam Dato-on Photo Credit: Tara Winstead Photo Credit: Zen Chung “Nothing is more powerful than an idea whose time has come”, said French poet and novelist, Victor Hugo. He also remarked that “You can resist an army; you cannot resist an idea whose time has come”. This has once again come true full force with the rise of AI and ChatGPT. Artificial intelligence (AI) and advanced language models like ChatGPT are already transforming various industries. However, alongside their transformative potential, concerns about job loss have emerged....

Identity Loss due to Status Loss - Part 1– Pharma Veterans’ Blog Post #552 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans’ Blog Post #552. 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. Identity loss is commonly seen in cases where a good status changes for worse after a long time.  I suddenly lost my job in 1997. I had been working in the organization for twelve years and had risen several steps to become Head of Division. My income, perks, benefits, and status in and outside the company had consistently grown. I had become known as part of that organization. The customers recognized me with that reference; the market also knew me with the same reference. Suddenly, all of it turned off. Chances of finding an equivalent job immediately were non-e...

Effect of Technology and Globalization on Corporate Jobs Part II – Blog Post #411 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans Blog Post #411. Pharma Veterans welcomes 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. This article is inspired by the INSEAD article, the link of which appears at the end. Continued from Previous…… We look at the two major factors causing employment polarization: Automation and Globalization. Automation [Quote] MIT Professor of Economics David H. Autor notes that automation has been going on for centuries, but in the last few decades it has become cheaper than ever with the ubiquity of computers and internet. [Unquote] The critical factor is the ever-decreasing cost and ever-increasing efficiency of technology. The jobs for which skilled blue-col...

Effect of Technology and Globalization on Corporate Jobs Part I – Blog Post #410 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans Blog Post #410. Pharma Veterans welcomes 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. This article is inspired by the INSEAD article, the link of which appears at the end. Technology and Globalization have been around since ages. Several hundred years ago, people traveled to far off places to find new resources. Many travelers settled in new countries in the hope of making their lives better. This was the earliest form of globalization. Similarly, technology has been evolving at all times, and was motivated by the need for making jobs easier and faster to achieve greater productivity. Development of technology has gained much higher pace in the la...