Essay on Organizational Culture & Corporate Strategy: ACADIA Pharmaceuticals Case Study

Introduction

Janicijevic (2012) noted that empiric research identified that there is a definite interdependent and influential relationship between corporate strategy and the organizational culture. ACADIA Pharmaceuticals has an organizational culture that supports teamwork, employee retention, leadership, innovation, as well as dedication. To implement a strategy, the culture of the organization should support departmental interaction; employees should also be committed to the goals set and have a positive attitude towards work. ACADIA has employees who are committed to working individually and as part of a team to achieve the objectives set. Therefore, to successfully implement a strategy, ACADIA should maintain its organizational culture.

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Organization Structure context

According to the report published by ACADIA Pharmaceuticals (2015), the corporation incorporates a combination of project organization structure and the executive and standing committees. This combination ensures that all aspect of structure and management such as level of control, as well as ensuring administrative functions are conducted alongside projects. This structure is in line with the organizational structure requirements that facilitate the successful implementation of plans. The structure requirements also include an adequate level of control to promote innovation. Therefore, to successfully implement the strategy, ACADIA Pharmaceuticals should maintain its organization structure.

Strategic Resources Context

According to Duncan, Swayne, and Ginter (1977), the primary strategic resources include financial, technology, information systems and human resources. The report published by ACADIA Pharmaceuticals (2015) pointed out that they have adequate employees as well as financial and technological resources. Furthermore, the information technology was also on par with the requirements of a successful strategy. These requirements include information system support, adequate workforce as well as sufficient financial support. However, the technologies used by the institution may not be up to date. Therefore, to ensure successful implementation of a strategy, the corporation should change its technology and include technology that is up to date.

References

ACADIA Pharmaceuticals. (2015). 2014 ACADIA Pharmaceuticals FORM 10-K and Performance Measurement Graph (20549). The United States Securities and Exchange Commission Washington, D.C.

Duncan, W. J., Swayne, L. E., & Ginter, P. (1977). Chapter 9: Value Adding Support Strategies. In Instructors Manual to Accompany Strategic Management of Health Care Organizations: Instructor's Manual (5th ed.). Malden, MA: Blackwell Publishers.

Janicijevic, N. (2012, January). Organizational Culture and Strategy. Retrieved from https://www.researchgate.net/publication/274025071_Organizational_culture_and_strategy/link/581b0f7b08ae30a2c01dd3f7/download