Case study C: GSK‚ a merger too far? 1- Derive three opportunities and three threats for GSK by first making the PESTEL analysis of the macro-environment surrounding the pharmaceutical industry. (9 points) * PESTEL analysis of the pharmaceutical industry: Political: Since the creation of healthcare insurance‚ companies have to conform themselves to two kinds of systems: 1) The universal system applied for example in France‚ with less demand in new technologies. 2) The very selective anglo-saxon
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Q1. How does Merck evaluate the effectiveness of its ethics-related activities? Merck has a strong sense of ethics within the company ’s credo and morals and also reflects on its employees. In spite of having major financial crisis‚ its motto never changed or got altered. It increased the finding to the research institutions in Africa and places. It made sure that the motto of the George W. Merck‚ former Chairman and son of the founder of Merck was always above any hurdles that Merck as a company
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The case consists of two major pharmaceutical companies that joint to collaborate their research and pharmaceutical technologies to start a joint venture in India. Both have valuable resources that have benefited both companies during the joint venture. Now both are questioning if there is still any value in maintaining the joint venture in India and will be deciding what will be the best route to take. Ranbaxy Laboratories wants to be bought out‚ but Eli Lilly is worried of the financial implications
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Jashan-e-Baharan Celebrations at CBM Jashan-e-Baharan or the onset of spring is celebrated all over the country and different festivals are organized on its arrival. CBM‚ one of the leading business schools of the country‚ organized a similar festival‚ ‘Basant Mela’ by name‚ on the 24th of March‚ 2008. The event‚ starting at 3:00 pm‚ was an astounding success with hundreds of students thronging the campus premises to participate in the festivities. The program wonderfully galvanized the enthusiasm
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Executive Summary In July 1992‚ CP senior management announced a new toothbrush model‚ the Precision‚ that was set to launch in early 1993. In order to meet consumer demand CP could introduce the toothbrush as a niche‚ super-premium or a mainstream‚ professional product. It could also introduce the product using standard naming conventions or introduce a new labeling system by calling it the “Precision by Colgate.” CP could leverage existing industry relationships and make an effort to form
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Merck case analysis Follow this format‚ provide *brief* answers. 1. External (use PESTEL framework) - What are Merck’s opportunities and threats? 2. Internal (use VRIO framework)- what are Merck’s strengths & weaknesses? 3. What is Merck’s performance trend? 4. What strategic actions can Merck take to gain and sustain a competitive advantage in the pharmaceutical industry and why? 1. Merck’s opportunities and threats PESTEL FRAMEWORK - Threats A lot of competition from piers Expiring patents
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GlaxoSmithKline SWOT Analysis Strengths Offices in over 100 countries major research centres in the UK‚ USA‚ Belgium and China. One of the world’s leading research based Pharmaceutical and healthcare companies. High quality and respected Brand name across the world. GSK works closely with the World Health Organisation in developing lifesaving vaccines such as the Ebola vaccine. They see their employees as their most important asset and recognise their achievements with both financial and non-financial
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GlaxoSmithKline and AIDS Drugs for Africa What comes to mind when you hear the words “pharmaceutical company”? There are many ways to define a pharmaceutical company. According to the Princeton review‚ a pharmaceutical company is a drug company that makes and sells pharmaceuticals. Another definition for a pharmaceutical company is an industry that develops‚ produces‚ and markets drugs licensed for use as generic and/or brand medications. These companies are subject to a variety of laws and
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Audit Plan- GlaxoSmithKline (GSK) Key business and audit risk: In order to make the report more efficient we must identify the key areas of business risk and auditing risk. Business risk can be defined as the risk‚ which could affect an organization’s ability to achieve its objectives (Gray and Manson‚ 2007). Audit risk is defined as the risk that the auditor gives an inappropriate audit opinion when the financial statements are materially misstated (Soltani‚ 2007). In Gray and Manson (2007)’s
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www.ccsenet.org/ass Asian Social Science Vol. 8‚ No. 10: August 2012 Managing Stakeholders: An Integrative Perspective on the Source of Competitive Advantage Minyu Wu’ ’ School of Business‚ Curtin Universify Sarawak‚ Sarawak‚ Malaysia Correspondence: Minyu Wu‚ School of Business‚ Curtin Universify Sarawak‚ CDT 250‚ 98009 Miri‚ Sarawak‚ Malaysia. Tel: 60-8-544-3844. E-mail: minyu.wu@curtin.edu.my Received: March 19‚ 2012 doi:10.5539/ass.v8nl0pl60 Abstract Despite the enormous amount of academic
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