Pfizer's mission statement is "to become the world’s most valued company to all of these people." It zeroes in on the achievements that the company desires while at the same time meeting the expectations of all its patients. The following components can be associated with this mission statement:
Simplifying healthcare
Improving lives and communities
Exceeding expectations
In the first component of its mission statement, Pfizer emphasises the company's commitment to creating products that address existing conditions more effectively. The company has demonstrated its trueness to this component through its innovative medicines, despite the scientific challenges of bringing such products to its patients.
In fact, the firm echoes its primary role by agreeing with the needs of this component and being driven to discover the cure. The second component of the Pfizer mission statement relates to the first in the way the medical innovations of the company improve the quality of life of people by curing their conditions. Pfizer has gained recognition through its progressive medical products that have produced ‘miracle’ curative outcomes, leaving a mark in the lives of people it touches.
By creating products that address even the most resistant diseases, Pfizer makes significant steps towards achieving the third component of its mission statement. The company also extends its reach to other corporate responsibilities, as shown in its outreach programmes.
Pfizer's mission and vision statements are an indication of the potential a company can gain from uniquely crafted corporate statements. Ever since its foundation in 1849 by Charles Pfizer and Charles Erhart, the company has grown against all odds to become a leading pharmaceutical icon. In fact, it has received numerous top accreditations for its fortitude to shape positive changes in the pharmaceutical sector.
All these achievements come down to its mission and vision statements. A corporate vision statement presents the future business ambitions of a company. In this case, Pfizer's vision clearly states the impact the company desires to have on the care of its patients. The corporate mission statement directly relates to this concept. It outlines the strategies a company would exploit to achieve its vision and its expectations.
In a summative approach, Pfizer conceptualises the steps it would take to grow itself as the most valued firm of its kind. It is critical to note that the continued progress in the mission and vision of this company has been supported by the company’s core values.
Core values are the morals that ensure the company remains streamlined towards its set goals and objectives. In the case of Pfizer, its values, including customer focus, leadership, quality innovation, collaboration, respect for people, and performance, among others, have kept the company solid and progressive. Essentially, the manner in which these components work together reflects the dominance of Pfizer.
Vision
Pfizer's vision statement is "Innovate to bring therapies to patients that significantly improve their lives." It places an emphasis on the innovation principle as the driving force behind impacting a change in its clients. Some of the elements that relate to this vision statement include:
Innovation
Benefits to patients
Pfizer focuses on creating medicines and medical products. In fact, being the leader in the synthesis of the most sought-after pharmaceutical products remains the top ambition of the company, especially as shown in its product pipeline section. While doing so, the company echoes its commitment to providing products that directly benefit patients. In this way, Pfizer reveals that its primary concern is the patients, while the rest come second.
Core Values
Pfizer's core values include "customer focus, leadership, quality innovation, collaboration, respect for people, integrity, and performance." The following components make up the values of the company:
Customer focus
Leadership
Quality innovation
Collaboration
Respect for people
Integrity
Performance
Pfizer's first element of its core values reflects the primary beneficiary of all its efforts, and it closely echoes the desire of the company to lead the rest in the satisfaction of this expectation as part of its second component.
The company acknowledges it can only do this through innovations while at the same time collaborating with and respecting other stakeholders, as shown in the third and fourth components of its values. The company also understands that, by acting right all the time, this will eventually be reflected in its quality performance in the pharmaceutical niche.
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