Strategic Audit for Pfizer

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The response address the queries posted in 2091 words with references.

//Before writing about the Financial Position of Pfizer, it is essential to have knowledge about Pfizer. One should know about the product and operations of Pfizer, which further will aid in analyzing the Financial Position of Pfizer in an effective manner.//

About Pfizer

Pfizer is one of the world's largest healthcare industries. The company is aimed to make the lives of people better, by providing them highly effective and affordable medicines. Pfizer also offers better and effective health care services to the needy people who are suffering from severe diseases. The company provides new and innovative health care equipments applicable in different medical fields like oncology and diseases like diabetes, cardiovascular ailments, etc. (Pfizer, 2008).

The company has a leading portfolio of medicines and industry leading pipeline of new medical equipments. The company Pfizer continuously makes new innovations in its business strategies to provide good values to its customers and shareholders. The company encourages its stakeholders to contribute in the company's decision making process and maintains transparency in its business operations.

Pfizer has its main research centers in the United States and the United Kingdom. The two key features of the company are good corporate governance and transparency. According to the data for the year 1992, the company was in the direction of becoming an organization, which emphasized upon corporate governance.

The company's most senior leadership is ELT (Executive Leadership Team). The ELT enables the top leaders of the company to adopt new ways for the company's strategic, development, operational and financial decisions. To use the best opportunities, the company's leaders focus on speed, agility and collaboration of various business operations. The company has a good organizational structure, in which functional experts, line management and centers of excellence work in coordination to make the business activities more advanced. With the help of its good organizational structure, the company tries to fulfill the requirements of its customers and the markets.

//Above is the discussion of Pfizer and the product and operations. Moving to the next part of the direction, explanation about the Financial Position of Pfizer, is to be discussed.//

Financial Position of Pfizer

The company Pfizer has a strong financial position. Its total revenue for the year 2007 was $48418 million. The total net income for the year 2007 was $8144 million. But the net income of the company is decreasing from the last few years. In the year 2006, the total net income of the company was $19337 million, which was about 2.5 times more than the year 2007. The cash balance of the company is substantially increasing, year by year. The long term debt of the company is also increasing, which in turn, is increasing its interest expenses. The company Pfizer invests mostly in research & development. For the year 2007, it invested $8.1 billion in R&D (Yahoo Finance).

//Above is the discussion of Financial Position of Pfizer. Now, as per the direction, explanation about the 'Internal and External Environment' of Pfizer is to be highlighted.//

Internal Environment

Internal environment of any company is made up of its strengths and weaknesses in the different areas. Internal environment of Pfizer can be described by identifying its strengths and weaknesses. Strengths and weaknesses of Pfizer can be discovered with its SWOT analysis. This SWOT analysis ...