Pharma Veterans

Approaches to Performance Management – Asrar Qureshi’s Blog Post #974 Dear Colleagues! This is Asrar Qureshi’s Blog Post #974 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. Performance management must be as old as the history of organized work can be traced. Even the individuals working alone would have measured their own performance, and then maybe their family members. The tribal chief would have measured the tribe’s performance collectively besides focusing on certain individuals. As the work became organized, one owner enslaved/ employed several people on farms and in factories. The owner not just kept an eye on his employees, he would hire few supervisors whose job was to ensure no one was sitting idle or shirking work. This later led to layers of management, and it became thicker and more powerful by the day. Management s...

Evolution of Management Thinking and Practices – Peter F. Drucker – Asrar Qureshi’s Blog Post #919 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #919 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. Peter Drucker's Wife - Doris Peter. F. Drucker The purpose of this series is to show how major changes evolved in the management thinking and practices.  I understand it is presenting a very large subject in a digest form, and is particularly for those who believe in understanding management, practicing it, and experimenting to develop new ideas for better performance. Among modern contributors, Peter F. Drucker arguably had the most profound effect on management thinking and practices. It is therefore important to understand his...

Performance Appraisal in Pakistan – The Right Things – Asrar Qureshi’s Blog Post #731 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #731 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: Mart Production Photo Credit: Sora Shimazaki I started job in a well-known multinational pharmaceutical company and kept working with MNCs till 1998. I switched to a well-known local corporate in 1999 and have continued with the local industry since then. I have therefore seen both the worlds, up close and in detail. It is true that the MNCs were/are years ahead in their concepts and practices. The learning from MNCs has been constantly trickling towards local pharma as people trained over there keep switching to local industry. Some of...

Performance Appraisal Systems – Asrar Qureshi’s Blog Post #730 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #730 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: Anna Shvets Photo Credit: Tima Miroshnichenko Goal setting and Performance Measurement must be as old as the civilization, though these may not have been recognized as such. It is attributed that performance appraisal practices probably date back to the third century when the emperors of the Wei Dynasty (221 – 265AD) in China used defined methods to rate the performance of state officials. The performance during agriculture age could not be measured properly due to divine factors like rain and sun which played critical roles. With the advent of industrializat...

Performance Review III – Pharma Veterans’ Blog Post #511 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans’ Blog Post #511. 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. Continued from Previous…… In the last two parts, we have seen brief description of major Performance Appraisal Tools. The question arises here as to which tool is better than the other if it is.  The answer is that no tool can be categorically labeled as ‘better’ than the other. The choice depends upon the organizational infrastructure, requirement, and stage of evolution.  Statistics say that over 80% businesses start as family businesses world over. Later, even when they become big and public, the family may retain control in several ways. It could be high number of shares, ...

Performance Review I – Pharma Veterans’ Blog Post #509 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans’ Blog Post #509. 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. 30th June marks closing of business year for many companies. It is an important occasion because the previous year is closed and the new one is started. Closure involves business and many other things. Annual increments and promotions are announced, new year targets are declared, and new budgets are approved. Performance Review is an activity which is run through the entire organization, and which is usually linked to the increment/promotion decisions. Even for companies which follow calendar year, June marks half yearly closing and is an important milestone. Our topic is Performance Revi...