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...

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 II – Pharma Veterans’ Blog Post #510 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans’ Blog Post #510. 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…… Besides MBOs and KPIs, there are some more types of appraisals which are used in various organizations, albeit in fewer ones in Pakistan. 360 Degree Appraisal As the name implies, it is the type of appraisal done for managers by five dimensions of interaction. The appraisal is done by: 1. Employee herself/himself 2. Customers - Optional 3.     Direct Subordinates 3. Direct Seniors 4. Peers at similar positions in the same department and other departments This gives a complete roundup of feedback from all concerned. The philosophy that goes...