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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The global pharmaceutical industry – in the land of shrinking giants. 1. Introduction The case describes the evolution of the industry and its unusual strategic environment. Attention is drawn to environmental pressures from regulators and payers. Key forces driving the industry are discussed‚ including addressing unmet medical need‚ the importance of innovation and time to market‚ and globalisation. The case illustrates how an increasingly hostile environment‚ combined with a decline in R&D
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forces affecting the global pharmaceutical industry? Do these forces differ by industry sector‚ and where would you place the different sectors in the industry life-cycle? Porter’s five forces help identify their attractiveness in the industry in terms of the five competitive forces which are: the threat to entry‚ the threat of substitutes‚ the power of buyers‚ the power of suppliers and the extent of rivalry between the competitors. Where the forces are high‚ industries are not attractive to compete
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assignment‚ we will discuss two things. First we will see how the macro-environment has influenced its marketing decision-making. Secondly‚ we will see how the marketing mix used by the strategists helps to gain competitive advantage over its competitors. INTRODUCTION ExxonMobil is one of the worlds largest Premier Petroleum and Petrochemical Industry. The ExxonMobil Corporation was rated as No.1 US Company
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PFIZER CASE The pharmaceutical industry has to continuously develop new products (patents). The different phases requested ahead a new product launch involves long gestation periods‚ and the development of a new product takes around 10 to 15 years. In general‚ most large pharmaceutical firms have a centralized R&D unit. R&D trends in Pharmaceutical industry: In the past‚ increase of R&D costs for a new drug (for one: 1975: € 150m / 1987: € 344m / 2000: € 870m 1/3 of all medicines
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above reflects the overall marketing strategy of Heineken. Heineken aims to balance the financial sustainability with playing a role in society and to make positive long-terms commitments to investments in the environment‚ communities‚ people and partnerships. I. Marketing Environment This is the cluster of outside factors that affects on an organization’s relationship with its targeted market. It includes microenvironment – features related to the company that affect its ability to serve the
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giving AirAsia and other spending plan carriers landing rights. The last macro environment is the Natural forces. Natural forces are common sources required by an advertiser to work a business. Probably due to the natural forces‚ the AirAsia’s Airbus A320 plane dove into the Java Sea amid a flight from Indonesia to Singapore on 28 December‚ slaughtering every one of the 162 individuals on load up
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| David Messer | 4/29/2013 | | David Messer Jeremy Black Business 220 April 29‚ 2013 GlaxoSmithKline GlaxoSmithKline is a U.K.-based pharmaceutical powerhouse formed by a merger in the late 90’s‚ with the most important merger being that between Glaxo Wellcome and Smith Kline Beecham. The merger created a pharmaceutical industry giant with operations in over 100 countries and annual sales over $25 billion. In the U.S. alone‚ prescription drugs account for 10% of all medical costs
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The Pharmaceutical Industry: Key success factors High profit after launching the product: Before a pharmaceutical company establishes a new product it takes them a lot time and work. The whole project‚ from the beginning until the end‚ where the medicine can be launched can last about 12 years. But once the drug is on marked the producing company has very high margins. On average‚ a Blockbuster drug is for about eight years on the marked and each year it has revenues in the range of one
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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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