10/6/2014 Case 3: Merck and River Blindness 1. Why was Merck hesitant about developing a human version of Ivermectin? Merck considered this opportunity as a high risk investment. The cost of developing the drug was estimated at $100 million. Even if it was successful to cure river blindness the victims were too poor to afford the drug. There was no way to distribute it in these rural areas were the victims were located. In addition‚ there was a possibility that people would misuse the drugs‚ which
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comedy: that offensive comedy makes us think about hard topics and restricting humor can mean these topics are not brought to surface‚ but these issues are still there. This argument is often joined with a distain for political correctness. In ‘Moral Licensing: When Feeling Good Frees Us to do Bad’‚ Merritt‚ Efron‚ and Benoit through a series of studies found that being political correct removed moral inhibitions for individuals because of the illusion of goodness it created. It is perhaps the case that
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1) WHY? Brief Background on Merck & Co. Performance Appraisal System The past and existing performance appraisal of Merck & Co. was ineffective to identify and reward performance to a certain extent. Although the company was paying their employees around seven to eight percent more than the average compensation in other large companies‚ the performance appraisal system did not clearly identified outstanding performance‚ which caused inequity in rewarding performance and led to unhappiness
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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 in the Merck family for many
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The New Product Development Process and Merck and Company Introduction The business environment of the 21st century is very different from the business environment 200 years ago. Since the Industrial Revolution until today‚ businesses have developed more and more products to meet the needs of an ever increasing world population. The cycle of business has been changed dramatically since the invention of the Internet‚ which has shortened the selling cycle and made it more convenient
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Joline Kennington was a 12-year old girl whose circumstances involved alleged sexual abuse by her father and was suspected with the symptoms of Posttraumatic Stress disorder. The key aspect of Posttraumatic Stress Disorder (PTSD) is that person constantly re-experiences the incidence of the trauma in the form of memories‚ dreams‚ physiological or psychological distress and a sense of re-enactment when a person faces cues that remind of the trauma. Psychiatrists suspected the PTSD symptoms on Joline
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The aim of this project is to improve customer services at the Midrand licensing department. Customer satisfaction is closely related to customer expectation‚ for a service provider such as the licencing department the services and operations design are interrelated and they influence each other. Client are not willing to wait in long queues the whole day just to apply for a licence. Success of the system will measured against these key performance areas: speed‚ quality‚ dependability‚ flexibility
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Volume Licensing brief Downgrade rights for Microsoft Volume Licensing‚ OEM‚ and full-package product licenses This brief applies to all Microsoft Volume Licensing programs. Table of Contents Summary .................................................................................................................................................................................................. 1 What’s New in this Brief ......................................................................
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worse. After listening to the podcast “The Lady Vanishes‚” I would say Malcolm Gladwell would explain this phenomenon using the concept of moral self-licensing. Malcolm Gladwell mentioned moral self-licensing in the podcast‚ as well as Daniel Effron‚ one of the founder of the term moral licensing. In the scholarly article Moral Self-Licensing: when being good frees us to be bad written by Effron and his colleagues‚
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Guinea and Merck’s Gift to World: A Vaccine for Ebola Christmas may have come early to the West African nation of Guinea; a vaccine developed by Merck and tested on 4‚000 people in Guinea proved 100% effective. Sakoba Keita‚ Ebola response coordinator in Guinea called it Guinea’s gift to the world and it very well might be. Conditions of Testing There are certain medical concerns on the testing methodology. Due to the epidemic nature of the disease and the urgent need for a solution‚ no placebos
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