Pfizer's Strategic Plan

PFIZER INC. Pfizer Strategic Plan Date Submitted: May 25, 2005 Pfizers Strategic Plan: Overview executive director Summary Pfizer is a New York City based major drug producer, ranking first in pharmaceutical gross revenue in the U.S., with 2005 revenues of 56.7 billion. With almost 60 billion in Revenue, Pfizer re master(prenominal)s the industrys behemoth, overseeing the most ambitious query agenda for any familiarity in the world. Pfizers is spending on R&D supports 12,000 scientists. Pfizers research increased 3 percent in 2004, to 7.7 billion, after a 2003 increase of 44 percent that is attributable to the acquisition of Pharmacia. At the end of 2004, Pfizer had 225 projects in 18 therapeutic areas under fighting(a) development. Pfizer is studying 145 new molecular entities and 80 extensions of active drugs. An additional 400 compounds are in discovery conformation of interrogatory. In 2004, 43 discovery projects advanced into preclinical testing; 23 projects moved from preclinical research into human trials. Pfizer has octet subsidiaries, divisions and affiliates, and has over 120,000 employees worldwide (Pfizer, 2005). There are four main divisions at Pfizer, consisting of Healthcare, Consumer Care, Food Science, and Animal Health. Pfizer manufactures its products in 150 countries.

Pfizer has sales offices in every state, and has Corporate Research Center in Groton, CT, Corporate military headquarters in New York, NY and International Headquarters in Nagoya, Japan and Sandwich, England. The executive members of Pfizer coupled with the reviews from W in all driveway and the 50 percent cut in company fall in 2001 has forced Pfizer to demand more accountability from all of its 115,000 employees world wide. Pfizer realizes that their operating expenses, their size, and their attention to detail has suffered due chiefly to their size. Pfizer has also accepted that by the year 2010 (Pfizer, 2005). Politicians and Economist think that Pfizer has to trim some of the fat from the hostile takeover of Warner... If you inadequacy to get a full essay, order it on our website: Orderessay

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