The Pfizer Company Business Model

The Pfizer Company Business Model Customer value The value the company attaches to its customers contributed to its thriving into limelight of drug business in the year 1941. This was due to the mass production of penicillin which saved many lives during the World War II. This was then later followed by the manufacture of Viagra. Advertising We will write a custom essay sample on The Pfizer Company Business Model specifically for you for only $16.05 $11/page Learn More Before the firm developed Viagra, it had to create around 1,500 chemicals, tested their effectiveness as compared to previous drugs and finally screened them to come up with the best quality for the consumers (Magretta 3-8). The firm also went as far as researching to find out which of the age groups suffered most from the erectile dysfunction (Hedman). The Viagra invention had the ability to cause erections only during sexual stimulation. This was contrary to other injection therapies provided by other companies which at time s induced the patient to prolonged erections, making the patient uncomfortable. Hence, the invention of Viagra was so much encouraging to the consumers who expressed their willingness to continue with the treatment as it satisfied their expectations. The firm had a stated maximum prescription for each patient diagnosed with erectile dysfunction, this ensured reimbursement of up to 6 tablets per month for each patient 18 years and above. The plan ensured that consumers were protected from any form of misuse of the drugs and danger (Mahadavan 4).The use of Viagra was dropped from the formularies since it became one of the lifestyle drugs. This helped majority to cut on Medicaid expenses. The introduction of online sales made it possible for the company to reach so many customers within the shortest time possible. This helped in increasing the revenues of the firm; this included the consultation and the shipping fee offered by the company which was averagely $ 715 for one year supply (Magretta 3-8). Capabilities The Pfizer firm recorded the highest earnings growth in the Pharmaceutical industry, which was rated at 25% between 2000 and 2002. This growth rate was attributed to the strong drug pipeline and its stability in blockbuster drugs. The firm also had the lowest risk when it came to the market share loss from the drugs as compared to other pharmaceutical firms. This was due to the fact that most of its pharmaceutical sales were given to generic cannibalization before 2005. The firm’s capability to increase its research and development expenses saw it venture into new field of medicine. This enabled the firm to invent new pharmaceutical drugs and also open many operational facilities all over the world (Army).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More For the Pfizer firm to overcome the competitors they embarked on continuous launching of new products and aggressively acquiring the best possible strategies. They bought drug maker companies and also ventured into the consumer products, bought companies that produced hospital related products. The company also extended an invitation hand to other related companies which saw it merge with some popular companies like Warner-Lambert. The company ventured in the sale of the brand name from its operating groups to the consumers. The brand name groups included Animal Health Group and Consumer Health care. These brand names made the company to be known as one which improved the health not only of human beings but also of livestock, hence became very popular to the consumers (Porter 62-78). The introduction of the internet enables the firm to reach so many companies at any given time. It also enhances the devising of the strategies since the progress of other firms can easily be monitored from the internet. It has enabled international expansion of the company (Stabell 413). Sus tainability For sustenance purposes the firm invested heavily on the research and development, half of the employees of the company taken to the section dealing with research and development. The mixture on the labor force was also a contributing factor, which comprises the British and the Americans (Sandberg 3). The firm strategizes on conducting more clinical trials on Viagra as compared to its competitors. This made it to enlarge its market base since most of the patients came back with positive results. The firm also deployed a good number of sales representatives to that went direct to the doctors, who eventually prescribed the drug to the patients (Army). The firm uses the Direct-to-Consumer Advertising which ensures that patients are updated on new medical treatments, right prescriptions and also allows them to discuss their health conditions with their physicians. The company also focused on raising awareness on how important men’s health was to them (Porter 62). The y used the brand name that made so many identify themselves with the brand i.e. so many became brand loyal to the company. The firm spent so much money in advertisement on medical journals, meetings and events that were mostly attended by the physicians. These promotional activities ensured some increase in revenue with the Direct-to-customer contributing around 16% in the year 2000. The use of the internet exposes the firms secrets to the competitors hence considered not safe at all for sustainability purposes (Porter 78).Advertising We will write a custom essay sample on The Pfizer Company Business Model specifically for you for only $16.05 $11/page Learn More Conclusion The business model shows clearly the level of competition of the company, it reveals whether the company is the most cost-efficient company in the industry or not. The business model should be understood because it provides vivid information about the market and can be used by investors a nd financial analysts. Army, Barret. â€Å"The formula at Pfizer. Don’t run with the crowd†. Business week may 11, 1998. Hedman, Thomas. â€Å"The Business Model: A Means to Understand the Business Context of Information and Communication Technology†. Institute of Economic Research Working Paper Series, School of Economics and Management, Lund University 2001. Magretta, Joan. â€Å"Why Business Models Matter,† Harvard Business Review, May 2002: 3-8. Mahadevan. â€Å"Business Models for Internet-Based E-Commerce,† California Management Review, Vol. 42, summer 2000: 4 Porter, Michael. â€Å"Strategy and the Internet,† Harvard Business Review, March 2001: 62-78. Sandberg. Is it time to trade in your business model? Harvard Management Update, January, 2002: 3-5.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Stabell, Fjeldstad. â€Å"Configuring value for competitive advantage: On chains, shops and networks†. Strategic Management Journal, Vol. 19, 1998: 413–437. Timmers, Paul. â€Å"Business Models for Electronic Markets,† Electronic Markets, ol. 8, No. 2, 1998: 3-8

Sassy, Funny, Girly Quotes for Women With Attitude

Sassy, Funny, Girly Quotes for Women With Attitude As Cyndi Lauper sang, Girls Just Wanna Have Fun. When a bunch of girls get together for a girls night out, you can imagine how raucous they can get. These girly quotes focus on appreciating the good things in life - with a big dash of fun. Enjoy being a sassy girl and entertaining your friends with these quotes from activists, entertainers, writers, and poets. Katharine Hepburn If you obey all the rules, you miss all the fun. Beyonce I embrace mistakes, they make you who you are. Dolly Parton   Im not offended by all the  dumb blonde  jokes because I know Im not dumb...and I also know that Im not blonde. Kesha Just because Im sassy and have a mouth on me doesnt mean Im coming from a negative place. Coco Chanel A girl should be two things: classy and fabulous. The most courageous act is still to think for yourself. Aloud. Alyssa  Edwards Dont get bitter, just get better. Kayci Diane I love the person Ive become because I fought to become her. Drew Barrymore Lets get down and dirty. Lets be a real girl. Tallulah Bankhead Its the good girls who keep diaries; the bad girls never have the time. Gloria Steinem The truth will set you free. But first, it will piss you off. A woman without a man is like a fish without a bicycle. Proverb The whisper of a pretty girl can be heard further than the roar of a lion. Katy Perry Too many girls rush into relationships because of the fear of being single, then start making compromises, and losing their identity. Dont do that. Marilyn Monroe A woman knows by intuition, or instinct, what is best for herself. Jeanine Pirro Youre a beautiful girl, and you can do anything you want in life. Erma Bombeck If you cant make it better, you can laugh at it. Albert Einstein Any man who can drive safely while kissing a pretty girl is simply not giving the kiss the attention it deserves. Elizabeth Taylor Big girls need big diamonds. Pour yourself a drink, put on some lipstick, and pull yourself together. Colette What a wonderful life Ive had. I only wish Id realized it sooner. Taylor Swift If you have something about yourself thats different, youre lucky. Its not a curse. Maya Angelou I love to see a young girl go out and grab the world by the lapels. Lifes a bitch. Youve got to go out and kick ass. Mae West Too many girls follow the line of least resistance, but a good line is hard to resist. Im single because I was born that way. Maryon Pearson Behind every great man, there is a surprised woman. RuPaul If you cant love yourself, how in the hell you gonna love somebody else? Eleanor Roosevelt No one can make you feel inferior without your consent.