Essays on Pharmaceutical Company

Ethics & Corporate Responsibility at the workplace and the World

All companies big or small have a responsibility towards its stakeholders for ethical execution of its operations so as not to hurt their interests or trust in the company. These responsibilities exceed beyond the workplace and must focus on improving the working and living conditions of its workers and other stakeholders. This paper is an attempt towards addressing the issues in Ethics and CSR with reference to a pharmaceutical company, PharmaCare with its Head Office at New Jersey. It is reputed to produce life saving and life improving drugs and is ethically inclined towards poorer sections of society to ...

Question 1

Jim used the first leadership style under the situational theory of high directive-low supportive. In the leadership style, the manager addresses goal achievement and communication levels. However, he or she allocates minimal time in developing supportive behaviors amongst the employees. The leader attempts to outline instructions concerning how and what his or her subordinates should do and then supervises them (Thompson and Vechio, 2009). Jim formulated a training program for the workers in the pharmaceutical company. Unfortunately, while developing the initiative, he did not take into consideration the interests, motives, and goals of the employees. Even though the training ...

Causes of conflict within an organization in which you are affiliated

Regardless of the industry, conflicts arise in every workplace. In order to safeguard the interests of your consumers and let the production team working hard as ever, it’s important to analyze the causes of organizational conflicts and find out ways to mitigate them. Nevertheless, the conviction that personal differences lead to conflicts is quite comforting, but not at all practical and productive. Conflicts in an organization could be between co-workers, employees and customers or other external stakeholders, employees and suppliers and between managers and employees. However, one conflict that can completely destroy your business is between employees and ...

Juvaris BioTherapeutics   

Today in the world we have many new forms of diseases. Cancer is the most dangerous and insidious scourge. To treat cancer we should spend plenty of time and money and there is a great field of work. Juvaris BioTherapeutics, Inc. is a company, located in Pleasanton, California, which develops novel, adjuvanted vaccines and immunotherapeutics to treat infectious disease and cancer and helps both human and animals. Company was registered in 2001 with total amount of employees approximately 50 persons. It provides JVRS-100, a cationic lipid-DNA complex and adjuvant that improves the efficiency of present vaccines, as well as ...

Introduction

Pakistan is a developing country and is the 26th largest nation in terms of purchasing power parity. A member of BRICS community, the nation has shown signs of becoming one of the world’s largest economies by 2025. In the past, the country had suffered from the ills of political disputes, energy constraints, poverty, growing population and non-conducive business environment that had halted the growth of the country. However, during the past few years, Pakistan has shown some optimistic signs of economic improvement with consistent growth in GDP and other macro-economic factors. Still, many factors such as social and ...

Pharmaceutical industries in the world are facing the biggest threat in losing patents for major medicine to competitors. To be able to remain relevant in the market, Roche has been able to maintain patents but at the same time ensuring that other industries obtain license to produce their products, and in turn pay royalties to the parent company for this matter, Roche pharmaceuticals. This is, however, considered a risk sharing approach in trying to address the revenue generation process. Perhaps it is considered as a stop-gap measure, and that is why, it is not a major discourse in arriving at solutions for ...

Interdisciplinary relationships are a joint communication and decision-making process with the aim of better health care need of the target population. Effective interdisciplinary relationships reduce costs and advance patient satisfaction, while humanizing overall health care worker satisfaction. Working together as a team brings specific capabilities of each discipline that focuses on the care of patients and eliminates any weaknesses of other teammates. The interdisciplinary relations enhance fast and accurate medical performance. This relationship may include a physician and non-physician provider team and a physical assistant and a nurse practitioner. Interdisciplinary relationship becomes a compound process that needs deliberate knowledge passing and combined sense of for ...

Introduction

Fraud waste and abuse are always a big issue in the healthcare sector across the world. According to the research carried out by centers for Medicare and Medicaid services, taxpayers lose billions of dollars annually due to fraud waste and abuse. The estimated amount lost within CMS ranges between three and ten percent. The private sectors are not spared by this menace either. Private players such as self-insured companies and managed care organization are struggling in trying to find out an effective way of managing fraud waste and abuse. The effects of fraud, waste and abuse in the health sector ...

- Two examples of external clients are the members of the gymnasium that Amira works at and the suppliers who purchase pharmaceuticals from the company that John and Jessica work for. The members of the gymnasium expect safe facilities, knowledgeable staff who can teach them proper exercise techniques, and factual information to be published in the gym’s newsletter. The suppliers expect safe and effective pharmaceuticals, correct information from salespeople and customer service representatives, and accurate labeling of their products. - An example of an internal customer relationship would be between the upper management at the pharmaceutical company ...

Introduction3

1.1 Purpose of Report..3 1.2 Outline Structure3 2.1 A structured reflection based on Kolb’s Learning Cycle..4 2.2 Peer Review6 3.1 Discussion of the significance of Organizational culture upon the employees with reference to organizational structure.7 3.2 Peer Review.10 4.1 Workforce Planning Presentation..10 4.2 Peer Review.12 5.1 Conclusion13 5.2 Future Plans.13

References .14

Managing People and Organizations Introduction Throughout this course, the class has presented with several vital information that will help to progress in the workplace and beyond. The information that has sustained in the following development of my ...

Executive summary

The pharmaceutical industry has been target of vast antitrust actions emanating from both the government enforcement agencies to private plaintiffs. Competition further falls within the diverse aspects that deter the performance of organizations and firms operating within the pharmaceutical industry. The study holds into account the various notions that are attached to minimizing, averting competition from oversees or local enterprises and turning the competition to more dynamic entities to achieve the organizational objectives through emphasizing and reflecting on the significant role of human resource management. The study offers diverse and rich strategic approaches that can be enacted by ...

OVERVIEW

An international pharmaceutical company is headquartered in New York, NY and has other six operational locations. The corporate headquarters in New York has 1000 employees while the other centers have a considerable number of employees and remote workers. San Diego has 250 employees, Houston has 750 employees in central research, Madrid has 500 employees, India has 50, and London has 150 while China has 300 employees and 500 remote sales workers. There is a diverse computing department with no universal standard. There is a combination of devices and operating systems in place. There are also different data center centers in operation. The ...

Pharmaceutical companies have strayed from their main objective of drug discovery to emphasize on marketing strategies for drugs; many pharmaceutical companies do not plough their profits into the research for the discovery of drugs. Instead, they use their profits to advertise their drugs to physician and patients, some of the profits are used to fund legal proceedings to severe exclusive government marketing rights (Marcia, 12) Pharmaceutical companies focus on commercially viable drugs at the expense of preventive drugs; most pharmaceutical companies focus their research into the discovery of drugs that are used to cure lifestyle diseases like hypertension, ...

The acquisition of Durata Therapeutics, Inc – a novel pharmaceutical company targeting on growth and commercialization of new therapeutics for infectious and acute diseases – by Actavis Plc – a leading international pharmaceutical company –seems to have raised eyebrows from every corner. This is because Actavis has lately been on the forefront of major and successful mergers and acquisitions. Its continuous plan seems to be founded on the strategic plan it has laid that seeks to enhance the long-term growth beginning 2015 and beyond. Indeed, Actavis has always been viewed as a company with enormous potential and speed geared towards the achievement of effective subsidiaries. ...

Introduction

Acquisition is a trait of corporate finance and management. Acquisition deals with the dividing, selling, combining and buying of different businesses. Acquisition process can also entail restructuring of organizations so as to realize a positive growth. The difference between merger and acquisition is not always clear to many. However, in the case of a merger, two different businesses consolidate to form one entity. In the case of acquisition, one business decides and takes over another and completely becomes the new owner. This article discusses one of the major reasons of acquisition as well as one of the least reasons for the acquisition. ...

Pfizer is a global pharmaceutical company that has embraced and inculcated new organizational structures in the search for ways to help its employees be more effective and efficient. PfizerWork is an organizational structure in the company introduced by the senior director of organizational effectiveness. It developed after studies showed that employees in the pharmaceutical company spent lots of time, 20-40 percent, on support works that included creating documents, typing notes, doing research, scheduling meetings and manipulating data. The time would have gotten used on knowledge work that only got 60-80 percent of their time’s share. Introduction of this new ...

A pharmaceutical company has just develop a new drug that has 93% cure rate for several illnesses like cancer of the kidney, ESRD, kidney stones and other related illnesses without having the need to subject the patient to the excruciating treatment of dialysis and it is also more economical than any other treatment. This being a new drug, however, with enough certification from the US Food and Drug Administration, the manufacturer wants to make it available worldwide. However, negotiations are necessary considering that the drug contains marijuana. In fact, the drug is made up of 98.9% marijuana, and the mode of ...

EXECUTIVE SUMMARY

Allergan also referred as AGN has been a successful organization since the inception. Company was established in 1948 and had a wide history of success. Company has been trying to stabilize in the current scenario. David E.I. Pyott, who is the CEO of the company, is trying to build the company strong enough to resist takeover or merger by Valeant Pharmaceutical. Company has adopted innovation strategy to operate in the current competitive environment. It has company structure and culture that encourages innovation in each and every employee of the organization. David E.I. Pyott believes in returns from intensive research and development which ...

Interview with Pharmaceutical Quality Assurance Officer

Given the complexities of jobs and the varying environment of the classroom and the work settings, many newly graduates who assume a job find the transition overwhelming. Regardless of the years of preparation and the theoretical formation, many still find themselves unprepared to take on the responsibility of a professional career. To respond to this growing concern, the academe has fostered the adaptation of a Professional Development Plan that would aid students in the gradual transition of their role from a student to a legitimate professional. In line with this endeavor, an interview to be conducted by the student with a professional currently working in ...

Objectives.4

Bristol-Myers Squibb5 Mission and Vision Statement..7 Business Strategy..7 Technology Management..9

Pharmaceutical Development9

Technology Strategy for Improvement11 Conclusion12 Recommendation13

References14

Technology Management at Bristol-Myers Squibb Introduction In the world of biopharmaceuticals corporations have to compete with global companies in providing the best medicine in order to help treat illness around the world. The healthcare sector around the world operates in a unique, complex social, ethical, and political environment in which the main priorities of equity are achieved through various means. Bristol-Myers Squibb (BMS) is a global biopharmaceutical company that discovers and delivers the most innovative medicine to help ...

Business Research Ethics

Business Research Ethics For any research to be successful there is a need for ethics and the associated behaviors. Business organizations must ensure that ethical behaviors are followed when performing any activity, especially the ones related to business research (Belkin, 2013). Business research is a systematic inquiry that leads to the provision of information necessary for managerial decisions. The purpose of the research is to enable companies to access valuable information concerning customer service, company policies and the buying habits of the consumers. However, unethical research can damage the image of the company. Business research that is unethical is described ...

Facilitator:

The subject of corporate ethics especially in the international businesses is highly contentious. Businesses, companies and organizations have the ultimate role of rewarding their stakeholders by engaging in beneficial activities. However, this is not the case in most of the scenarios where profits for an organization take an upper hand to social responsibility. This contrast in ethical values among local nations, communities and international organizations operating in foreign lands has been the cause for numerous clashes and conflicts. Ethics in international undertakings has become a major concern especially in the current era of globalization. Particularly, employee and human rights and ...

Introduction

Corporate responsibility assumes many other names based on context. Whatever the name one gives the concept, corporate responsibility aims to encourage businesses and corporations to assume the responsibility for its actions an enhancing positive impact by way of its activities towards its consumers, communities, employees, stakeholders and the environment. The concept has been the subject of scholarly debate for a while now. From the debate, scholars have postulated three perspectives of the concept of corporate responsibility. These are the social economic, the classic economic perspective and broader social perspective. This paper will review the implications of the three perspectives on ...

Requirement for the Manufacture of Drugs concerning Public Safety

Abstract The study will focus on pharmaceutical companies’ standard operation procedures. More in depth, the study will determine if cleaning validation and verification is a successful way to keep the quality of manufactured drugs at a high standard. The importance of the validation of a sterilization process will be examined. The study will list reasons for validation of sterilization through a set of regulatory expectations put in place by the FDA. The regulatory expectations of the FDA will support the methods and analysis used to conduct this study. The study will also examine the success and failure of cleaning validation through ...

Introduction

Pharmaceutical companies should create and follow a standard operating procedure by implementing a cleaning validation to ensure future patient safety. Validation has received great attention by the FDA in recent inspections. Manufacturers must validate their cleaning process to ensure compliance with GMP regulations 1. One of the main keys in the manufacturing of dosage formulation is to develop cleaning procedures that will remove all types of residues from the equipment and containers. The goal of Cleaning Validation is to ensure effectiveness in cleaning equipment, and to prevent pollution and cross contamination of drug products to ensure the quality, safety; efficacy and ...

Introduction And Situational Analysis

The debate concerning social responsibility by corporate bodies has been there for decades and will most likely persist into the future. It is argued that, corporations just like individuals, are morally obligated to contribute to the society that upholds them. For this reason, companies should always strive to make their profits in the most ethical way. However at times a corporation may be faced with a tight ethical dilemma that requires a lot of critical thinking. An example of this situation is the ethical dilemma that once faced Merck . The ethical dilemma in the Merck pharmaceutical company was to whether pursue a research ...

Abstract

On many occasions, many companies have a market value that is more than there book value. This paper analyzes the market and book values of the Meda AB Pharmaceutical Company in a bid to determine some of the factors that may have generated the difference in between the two measures of valuing a company. The paper starts by introducing the Meda AB Pharmaceutical Company as well as outlining the products and services it sells. Using figures obtained from the financial statements prepared by the company in the year 2012, the two measures of obtaining the value of the company will be identified. ...

Abstract

On many occasions, many companies have a market value that is more than there book value. This paper analyzes the market and book values of the Meda AB Pharmaceutical Company in a bid to determine some of the factors that may have generated the difference in between the two measures of valuing a company. The paper starts by introducing the Meda AB Pharmaceutical Company as well as outlining the products and services it sells. Using figures obtained from the financial statements prepared by the company in the year 2012, the two measures of obtaining the value of the company will be identified. ...

Management and Leadership Styles at Novo Nordisk

Management and Leadership Styles at Novo Nordisk The Danish company Novo Nordisk has been making waves in the pharmaceutical company as one of the companies to beat when it comes to ensuring that employees stay happy and challenged at work, aside from the main goal of "delivering needed health solutions globally" (Stormer, 2012). Apart from these, the company also guarantees that they work not only on the improvement of people's health but of the environment as well. With this in mind, questions arise about the quality of management and leadership that the company has and how it is ...

Introduction

Arguably, a SWOT analysis assesses and identifies weaknesses, strengths, opportunities and well as thereat an organization faces. As a matter of fact, a AWOT analysis on a pharmaceutical company point up to the management and the stakeholders what the company needs to improve. What is excelling in, preemptive measures to be undertaken, as well as the possible opportunities that will enhance growth. These aspects are aimed at protecting the value and assessment of the company and the stakeholders. A good fit for a pharmaceutical company and any other company are to maximize the opportunities and strengths, and on the other hand, minimize its threats ...

A. Primary activities

i) Manufacturing using patented technology such as techno sphere formulation technology, which makes pulmonary delivery of drugs typically delivered through injections possible. Other technologies are also utilized in the production of the AFREZZA powder, such as the dip dots machine, which the company uses to produce uniformed little chunks of the powder. ii) Research and Clinical Trials iii) Reception of FDA approval for the distribution of the various products iv) Large scale production on the product AFREZZA v) Licensing of a partner pharmaceutical company vi) Marketing and Sales vii) Further research and development, as well ...

I. Business Model Mannkind Corporation develops as well as commercializes products for patients suffering from illnesses such as diabetes and cancer. The organization deals in biopharmaceuticals and has only recently ventured into the diabetes and cancer fields, with their involvement in the latter only being in a small way, as funding for cancer projects has proven elusive. However, the corporation is involved in developing technology for diabetic patients and is at an advanced stage of getting one of their products licensed. Overall, the corporation creates products meant for the general market and develops products for the general health care ...

Analysis of the environment

Johnson and Johnson currently operate over 250 subsidiary companies in 57 countries. It is the world’s largest healthcare company comprising of three segments: pharmaceuticals, medical devices and diagnostics and consumer products.

There are two sets of forces that Johnson and Johnson’s faces in its current environment: competitive and contextual environments.

The competitive environment can be analyzed using Michael Porter’s five forces model while the contextual environment can be analyzed using PEST (Political, Economic, Social and Technological).

Contextual Environment- PEST analysis

Political environment- Dynamic policies and political regimes: The political scene on the local, regional and national front affects the operations ...

When the tax is half the base case rate the IRR for the investment is 37% but when there is no tax paid the IRR has a small increase to 39%. This shows that the investment is sensitive to tax though the level of sensitivity is not that high as the change in IRR is relatively small compared, 2%, compared to the huge change in tax, about 50%.

If the capital equipment used in the research was changed every 5 years at a $6.6 million cost and the equipment depreciated at 20% for year until it was replaced the IRR would ...

This paper gives an in depth analysis of the Johnson and Johnson, commonly referred to as J&J. Johnson and Johnson is an international, diversified pharmaceutical and medicinal producer. Besides, it is one of the largest health care related service providers and has drastically reformed people’s perception towards health care. It is indeed a top achiever in the health care industry as well as in general human health and happiness. In fact, its success is attributed to a well defined vision, mission, objectives and core strategies. Its existing vision, mission, objectives and core strategies are discussed as under.

Johnson and Johnson ...

Eli Lilly pharmaceutical company

This pharmaceutical company was initiated by Eli Lilly in the year1876. The company is at the present the 10th biggest pharmaceutical corporation all over the globe (Reepmeyer, 2006). The company has persistently remained self-regulating and autonomous, but not remote. Across the world, Eli Lilly has developed prolific coalitions and partnerships that progress the company’s capacity to come up with ground-breaking medicines at lower prices. The company has constantly been categorized as one of the best corporations to work for in the globe, and generations of Lilly workers have maintained a culture that values fineness, honesty, and reverence for people.

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