GlaxoSmithKline company profile Francis Weyzig Amsterdam‚ October 2004 Summary Business description GlaxoSmithKline (GSK) is one of the world’s largest research-based pharmaceutical corporations that discovers‚ develops‚ manufactures and markets branded human health products. Headquarters: UK‚ with additional operational headquarters in the USA Global presence: about 160 countries Primary markets: USA‚ France‚ Germany‚ UK‚ Italy and Japan Employees: approximately 103‚000 GSK key figures
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SWOT analysis of the Glaxosmithkline. Glaxosmithkline is‚ after Pfizer Inc‚ the largest pharmaceutical company in the world. It was formed in 2000 as the result of a merger between two large companies GlaxoWellcome and SmithKlineBeecham. The company operates primarily in 117 countries‚ their products are currently manufactured in 37 and are sold in over 140 countries. It is headquartered in Brentford‚ England and employs about 110‚000 people with sales of Ł22.7bn. Their strategies for the future
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April 2013 McClellan GlaxoSmithKline: Ethics and Clinical Thinking GlaxoSmithKline (GSK) is known around the world for many of its home health products and a good number of the prescription drugs that are in our medicine cabinets. GSK is a global healthcare company. They focus on the discovery‚ development‚ manufacturing‚ and marketing of pharmaceutical and consumer health-related products. A brief history of the company‚ according to the Marketline report GlaxoSmithKline: Through Mergers and
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Chapter 1 Introduction To GlaxoSmithKline 1. INTRODUCTION: 1.1 COMPANY LOGO Image 1 GlaxoSmithKline is a leading‚ global‚ research-based healthcare and pharmaceutical company. In India‚ it is the number one pharmaceutical company. GlaxoSmithKline plc (GSK) is a British multinational pharmaceutical‚ biologics‚ vaccines and consumer healthcare company headquartered in Brentford‚ London
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responsibility principles‚ the outcome being a substantial difference to the durability‚ prosperity and liveability of the communities in which they operate (Smith 2008).GlaxoSmithKline is a world leading research based pharmaceutical company‚ with a mission that is challenging and arousing to improve the quality of human life. GlaxoSmithKline has a robust combination of resources and skills delivering strong growth in today’s rapidly changing environment (Pangarkar 2006). The company also has leadership
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Corporate Social Responsibility: What Went Wrong at GlaxoSmithKline? When London-based GlaxoSmithKline (GSK) paid a $750 million dollar settlement as part of a plea agreement that required it’s Cidra‚ Puerto Rico subsidiary SB Pharmco to plead guilty for knowingly selling contaminated medicine‚ it laid to rest any doubts that its business practices were in direct conflict with its commitment to both quality and to creating a strong ethical culture. There are‚ nevertheless‚ important issues
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Stakeholders A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. There is two different types of stake holders‚ these are internal and external. Internal stakeholders are people who are on the inside of the business that already serve the organisation‚ these include staff‚ managers‚ board members etc. external stakeholders are from outside of the company but
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WHO ARE YOUR STAKEHOLDERS? WHAT ARE YOUR RESPONSIBILITIES TOWARDS EACH OF THE STAKEHOLDERS? Groups / individuals that are affected by and/or have an interest in the operations and objectives of the business Most businesses have a variety of stakeholder groups which can be broadly categorised as follows: Stakeholder groups vary both in terms of their interest in the business activities and also their power to influence business decisions. Here is a useful summary: Stakeholder Main Interests
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Steps in Identifying Stakeholders Identifying all of a firm’s stakeholders can be a daunting task. In fact‚ as we will note again shortly‚ a list of stakeholders that is too long actually may reduce the effectiveness of this important tool by overwhelming decision makers with too much information. To simplify the process‚ we suggest that you start by identifying groups that fall into one of four categories: organizational‚ capital market‚ product market‚ and social. Let’s take a closer look at
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Stakeholders As argued by Sharma & Starik (12) a stake holder is that which is affected by the operation of an organization entirely or can affect the organization directly. The organization can be of any kind meant to realize certain goals by the society. Stake holders are tenet to the development and performance of the organization without which the organization either cease or collapse completely. As such any organization must strive to identify its stakeholders and their specific needs
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