HKUST MBA Microeconomics Case 1: Medicines Company Case Question 1. For drug administrators‚ their incentive for using the drug is that the drug’s got to make economic sense. Data showed that for more than 4‚300 patients‚ Angiomax was a more superior alternative to Heparin. Also shown in tables b and c that it effectively reduced the incidences of death by 30% ‚ heart attack by 26%‚ need for a repeat angioplasty by 14% and major bleeding by 65% (sum of weighted average between high risk and
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Case Memo: Merck Global Health and Access to Medicines The topic‚ human rights responsibilities of the drug companies‚ which is always controversial‚ however‚ is almost sharply defined in a report by the UN Special Rapporteur on the right to health‚ submitted to the United Nations General Assembly in August 2008. 1 The ‘‘Human Rights Guidelines for Pharmaceutical Companies in relation to Access to Medicines’’ include responsibilities for transparency‚ management‚ monitoring and accountability
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Tiffany’s Little Blue Box: Does It Have Any Strategic Significance? What are the company’s vision/mission and objectives? Vision statement: “Tiffany & Co. collaborates with other forward-looking leaders in the jewelry industry and with nongovernmental organizations in order to positively influence the entire jewelry supply chain”. Mission Statement: “ to be the world’s most respected jeweler”. Objectives: To was to remain one of the top higher quality players along with companies
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Table 3 Table 3 J.M. Smucker Co Industry Competitors Company Name | Ticker | Market Value ($M) | EPS | Yield % | Beta | NESTLE S.A. | NSRGY | 188‚989.74 | 10.74 | 3 | 0.51 | UNILEVER NV | UN | 93‚855.43 | 2.09 | 3.1 | 0.81 | UNILEVER PLC | UL | 91‚293.69 | 2.09 | 3.8 | 0.77 | KRAFT FOODS INC. | KFT | 68‚161.17 | 1.83 | 3 | 0.55 | DANONE | DANOY | 38‚494.67 | 0.85 | 2.2 | 0.82 | GENERAL MILLS‚ INC. | GIS | 25‚199.40 | 2.35 | 3.1 | 0.19 | KELLOGG CO. | K | 17‚889.26 |
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Fares Kamal Sep. 4‚ 13 Dr. Justin Matus Company Analysis: Kroger Co. One of the world largest retailers‚ with over 2400 stores that operate in 31 states is Kroger Co. The retailer supermarket chain started in 1883‚ when Barney Kroger made an investment of $372 and opened a grocery shop in Cincinnati. The basic motto that Kroger ran his business with was “be particular. Never sell anything you would not want yourself”(Stevenson). Barney Kroger recognized the need to produce his own
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Merck‚ Vioxx and the FDA Recall‚ case no. 6 1. I believe that Merck was completely responsible for everything that came along with releasing Vioxx to the public. The signs that the drug might not be as safe as they had hoped for should have been enough for them to halt on the release. It was unethical thing they did was not do all the research to find out how serious the effects of the drug really were. 2. Merck should have run more tests and found out the severity of the symptoms‚ and seen
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CEO Ray Gilmartin Merck’s CEO Ray Gilmartin is a significant stakeholder in the company. Since a lot of Mercks’ products patents will be expiring in the next few years Gilmartin put a big emphasis on investing into the companies research and development of new products. Gilmartin wanted this company to really focus on coming out with new products because their bottom line was going to take a hit in the next few years once the patent on their big money products runs out. Gilmartin found it an
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research scientist working for Merck and Company‚ discovered evidence that one of the company’s drugs might kill the parasite that causes river blindness. He then decided to request permission to research this new finding. The mangers for the company noticed that it would take enormous amount of funding and time to develop this new vaccine. This new product could be really hard to market and who was going to actually buy it; it could also damaged the market share that Merck currently had by selling
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References: Green Conduct Articles- Case Study Illustrates the Profitability of Sustainable Supply Chains (October 2011). Retrieved from: http://www.greenconduct.com/articles/2011/10/18/case-study-illustrates-the-profitability-of-sustainable-supply-chains/ Kitchen Boy Article - Nespresso Going Green (September 2009). Retrieved from: http://kitchenboy.net/blog/nespresso-going-green/
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Tiffany Case Study Introduction Tiffany was founded in September 18‚ 1837 and for about 170 years‚ the brand has been successfully opening several stores and establishing the brand as the top place to buy fine jewelry of high quality. The brand has been dedicated to provide their customers with original designs as well as the ultimate in-store experience. They know that their customers expect nothing less than top quality in jewelry and services and Tiffany’s has done just that for
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