INNOVATION AND GROWTH AT ACTELION LTD Case Solution
Answer No 1
Aligned SHRM at Actelion
The company is focusing towards innovation and entrepreneurial culture as the company has almost 13 compounds in its pipeline and two medicines, which are generating heavy revenues. The main threat which the company is facing is that the major revenue generator drug’s patent is expiring in a few years depending on the market as in the US it will expire in 2015 and in Europe it will expire in 2016.
Furthermore, the company has several products in its pipeline to overcome this threat and to ensure positive inflows in future. However, as far as SHRM alignment is concerned, it can be said that the company has an aligned SHRM structure. The company has a large employee base exceeding over 2400 employees in which almost 30 to 40% belongs to the research & development department. This means that the company has a dense and highly efficient workforce to compete with in the industry successfully and profitably.
As far as the value of this human capital is concerned, it can be seen that these assets are invisible as they cannot be seen in the balance sheet of the company. These human assets have a high value for the company as, this will be impossible for the company to overcome future challenges without these precious assets. The company is successfully operating its business just because of this human capital. Conclusively, the culture of innovation, human capital and encouragement through new drug development are allowing the company to compete successfully in the industry.......................
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