Case Statement
Eli Lilly and Company encounter decline in its business environment for the next few years due to an intense contestant in the pharmaceutical industry and the making of similar generic drugs at low prices. Therefore, the company must reach and increase its global economics expectations to boost its performance.
Vision Statement
To be the best and leading drug company the world for the production of new medicines that encourage people to live a healthier and longer life.
Mission Statement
Eli Lilly & company respect and appreciate ourselves for providing excellent, innovative medicines development and research (7) by producing the best drugs to treat different diseases/disorders in the society (5) for our consumers (1). By pursuing our mission and purposes, we operate worldwide (3) to analyze data on medicines for severe illnesses. We use several great types of equipment (4) and people to guarantee the better encouraging product development for every person. At Eli Lilly & Company, we believe that excellent standards lead to satisfying business and try to exceed all government laws in each aspect of medicine development (6). We think that important leadership management can develop great responsibility and we concentrated on raising awareness and knowledge among our clients to encourage them to prevent any diseases before it happens. We also welcome a diverse work environment (9) with a broad understanding in which the health, professional advancement, security, and maintaining the respect of our workers (8) are our essential priorities.
Mission Statement Components
Components below are identified in mission statement with numbers in parenthesis. They are listed here in the same book order:
1. Customers
2. Products or services
3. Markets
4. Technology
5. Concern for survival, growth, and profitability
6. Philosophy
7. Self-concept
8. Concern for public image
9. Concern for employees
1. Customers
2. Products or services
3. Markets
4. Technology
5. Concern for survival, growth, and profitability
6. Philosophy
7. Self-concept
8. Concern for public image
9. Concern for employees
Rationale for Components Used
The business decided to use all of the nine factors in the mission statement because we think that utilizing every component help in creating a great mission statement for Eli Lilly & Company.
We wanted to include the product development, customers, and employees in our mission statement because we want to allow the customers know that we value their respect for us and their trust and safety are our highest priorities.
Demographically, the business offers its drugs products globally so that it can reach to many people to prevent and cure any illnesses. Also, the market element is critical because we want the medicine to be available in every place around the world. On the hand, using the modern technologies and equipment should be used when creating new drugs or doing any researches to ensure the success of our product developments.
For us, the most critical aspect is to make medicines that help people to live a healthier life. And to do this, the company will make sure that our responsibility is to have the leading drugs products at a fair cost. At Eli Lilly & Company, our philosophy is essential to us because we try to create positive impacts on people by offering them excellence for every society. Lastly, I believe that welcoming, diverse environment, professional development, and to have the respectful manner of our employees and customers are our most significant priorities as well.
We wanted to include the product development, customers, and employees in our mission statement because we want to allow the customers know that we value their respect for us and their trust and safety are our highest priorities.
Demographically, the business offers its drugs products globally so that it can reach to many people to prevent and cure any illnesses. Also, the market element is critical because we want the medicine to be available in every place around the world. On the hand, using the modern technologies and equipment should be used when creating new drugs or doing any researches to ensure the success of our product developments.
For us, the most critical aspect is to make medicines that help people to live a healthier life. And to do this, the company will make sure that our responsibility is to have the leading drugs products at a fair cost. At Eli Lilly & Company, our philosophy is essential to us because we try to create positive impacts on people by offering them excellence for every society. Lastly, I believe that welcoming, diverse environment, professional development, and to have the respectful manner of our employees and customers are our most significant priorities as well.