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Essay on Case study: Motivating Employees and Team building
ACTAVIS BULGARIA EAD Sofia is the Bulgarian branch of the international generic pharmaceutical company Actavis Group hf. Headquartered in Iceland the Group operates in 28 countries with more than 7,000 employees. Actavis is one of the leading European providers of generic pharmaceuticals, with turnover and EBITDA in 2004 of EUR 452 million and EUR 115 million, respectively. It develops manufactures and distributes generics under its own brand name and acts as an outsourcing partner for other major pharmaceutical companies.
The Bulgarian chapter of Actavis’s history started in 1999 with the privatization of three states owned pharmaceutical factories located in the cities of Dupnitca, Razgrad and Troyan. In the five-year period to 2004 all of them have been completely renovated in order to comply with the European GMP (Good Manufacturing Practice) Standards.
Currently Actavis operates in the country split into two divisions - Operations and Sales & Marketing. Actavis Operations is a holding company responsible for the management of the three factories providing first class generic products, mainly for the Bulgarian, Russian, Ukrainian and CIS markets.
The Sales & Marketing division is represented in the country by Actavis Bulgaria EAD, a company registered under the Bulgarian law. It employs about 200 people and operates three warehouses in the country. Actavis Bulgaria EAD is mainly focused on marketing the Group's products as first class generics on the Bulgarian market, which is the third biggest market for the company's own brand revenues world-wide.
Motivation:
Motivation means different things to different individuals. For some, it may be an incentive and for others, a psychological backing or setting a good example. Motivation is something abstract and the difficulties arise when one tries to explain its meaning and application. A wide variety of assumptions have been made on motivation by observing the resultant behavior of motivation. Based on these assumptions and research findings, motivation has been defined in a number of ways....
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