Application of statistics in Pharmaceutical industry * * * Bookmark Although the advancement of medicine has prolonged and improved the life of many people over the years‚ it is important to remember that it is not an exact science. While some treatments do seem to offer a complete ’cure’ for any particular ailment universally‚ the vast majority of medicinal treatments do not. As such‚ it is important that statistics are used in medicine in order to justify the development and subsequent
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Key Success Factors in the Low Cost Airline Business: Low cost airlines strive to meet the basic demand of airline customers - a safe air transport from one location to another location - at a relatively low price. In order to be successful‚ they have to carry out their business from a certain value-based perspective - “less for much less” – and concentrate their attention on the following Key Success Factors of their industry: - Overall low costs: Overall low costs are essential to be able
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Bangladesh pharmaceutical market in 2011 stood at approximately US $ 800 million‚ which is very small when compared to the population base of the country‚ which currently stands at about 140 million. To put this number on a proper perspective‚ the total global pharmaceutical sale in 2011 was $600 billion. This is expected to grow about $730 billion in 2013. Of course the majority of the sale in 2011 was in brand products‚ the market segment where Bangladesh does not or is not expected to participate
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Global Culture Success Countries and cultures depend on each other to survive and cultivate their own societies. In T.S. Elliot’s essay from Notes on a Definition of Culture he states and recognizes this fact by writing: “This is‚ that no one nation‚ no one language‚ would have achieved what is has‚ if the same art had not been cultivated in neighboring countries and in different languages”. This statement holds a lot of truth to it. Countries are dependent on one another culturally and economically
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ACCONTABILITY IN PROJECT EXECUTION The structuring of work and delegation of authority for execution of the project would not automatically ensure achievement of the objectives of the project. Authority empowers one to make decisions for results in relation to the work at hand. Hence‚ one who is delegated authority must take decisions and those decisions must product results. But some individuals may not take decisions and also may not be concerned about results; delegation of authority to such
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No doubt‚ the cashless economy project of the Central Bank of Nigeria (CBN) is being pursued gradually but vigorously and the introduction of mobile money in Nigeria in recent times can be better appreciated when appraised within this greater scheme of things. In Nigeria‚ as it is in other developing nations where mobile money operations have successfully taken off‚ the use of mobile phones as payment platforms has been necessitated by the need to include a greater proportion of the unbanked and
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UPS Key Success Factors: The deliveries must be on time‚ there should be accuracy by way of deliveries‚ ownership of not only the land based vehicles but also airplanes are important for success. Key success factors include safe deliveries and an excellent reputation. Recently there are key success factors related to information. Accessing the UPS website gives critical information about the whereabouts of the parcel to any customer at a low cost. Information about the merchandise‚ customers and
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Key Rating Factors Assumptions and Limitations and Rating Considerations That are not Covered in the Grid Conclusion: Summary of the GridIndicated Rating Outcomes Appendix A: Global Chemcial Industry Methodology Factor Grid Appendix B: Methodology GridIndicated Ratings Appendix C: Observations and Outliers for Grid Mapping Appendix D: Chemical Industry Overview Appendix E: Key Rating Issues over the Intermediate Term 1 3 5 8 Corporate Finance December 2009 Moody’s Global Global Chemical Industry
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Historical background of the business Today Merck & Co‚ Inc. is one of the most recognizable companies in the pharmaceutical industry. When asked about Merck‚ most people think that it is and always has been a US company. However‚ the company’s history can be traced all the way back to the 1600’s where it was started in Darmstadt‚ Germany. Friedrich Jacob Merck purchased a local store in 1668 where he prepared and sold medicines. The store was called “At the sign of the Angels” and would remain
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Quality as the Key Success Factor In Winning the Global Car War Massachusetts institute of Technology (MIT) conducted an extensive study of the global car industry that compared operations at General Motors‚ Toyota‚ and the joint venture between GM and Toyota‚ the New United Motor Manufacturing Inc. (NUMMI) plaint in Fremont‚ California. The result of the study should raise some very disturbing questions about the quality and productivity of American operations‚ namely: • Why did GM’s Framingham
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