Absolutely fascinating discussion of the Pfizer journey. A “must read” on what it takes for a Large Established Organization to act in an agile way. What does it take? Urgency. Purpose. And a willingness to drive through the blockers.
There were several important characteristics of the approach they took:
It took a moon-shot challenge, out-of-the-box thinking, intercompany cooperation, liberation from bureaucracy, and, most of all, hard work from everyone.
Underlying this is a data-driven innovation strategy requiring deep digital skills across the leadership team:
We had to become a more modern company, digitizing data through every link in our value chain.
The timeline and the path taken is fascinating, leading to the first use of the vaccine:
The UK was the first country to authorize the use of our vaccine, and Margaret Keenan got the first dose, on December 8, 2020.
The lessons learned from this experiences?
- It takes a team
- Purpose matters.
- Shoot for the moon.
- Support novel approaches.
- Break through beauracracy.
- Cooperate across all dimensions