Pharma Veterans

Thoughts on Flatter Corporate Hierarchy – Asrar Qureshi’s Blog Post #1037 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1037 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 our contributions here. Credit: Alena Darmel Credit: Cedric Fauntleroy Credit: Pavel Danilyuk Preamble In recent years, tech-based companies like Google, Meta, and Netflix are experimenting with doing away with the traditional hierarchical model and redistributing authority more evenly and horizontally. Bayer, the crop sciences giant and a well-known pharma company, last year went for radical decentralization. The jury is still out on how beneficial it is because more time is needed to analyze its pros and cons. This post is in continuation of previous discourse on the subject and invites open discussion. What Does It mean? Two models have been experimented with decentralizatio...

Thoughts on Leadership Teams in Pharmaceutical Companies II – Asrar Qureshi’s Blog Post #1023 Dear Colleagues! This is Asrar Qureshi’s Blog Post #1023 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 our contributions here. Credit: Antoni Shkraba Credit: Vlada Karpovich Credit: Werner Pfenning Collective Accountability I finished the last post on the point that collective accountability should also be considered along with individual accountability.  Building collective accountability in the system will require that both individual and team goals be assigned to team members. Team goals are those which can only be achieved as a group and not as an individual. For example, if the organization plans to introduce certain values in its culture, it is a goal for the entire leadership team, and they must work together to achieve it. On the material side, if...

Corporate Management in Pakistan – Personal Ownership Firms – Asrar Qureshi’s Blog Post #938 Dear Colleagues! This is Asrar Qureshi’s Blog Post #938 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: Artem Podrez Credit: Bali Demiri Credit: Dziana Hasanbekova Preamble Pakistani companies may be divided into various types based on their legal constitution. Sole proprietorship companies are those who have only one owner, who owns the entire organization, its assets, and its operations. Partnership firms are those which have two or more partners who come together to start and run and business. Whatever may happen later because many partnerships somehow dissolve at some stage. These firms are legally registered under companies ordinance. Private Limited companies are those which are more formal and are registered with the Secur...