What is the difference between socialism and communism? Socialism and communism are alike in that both are systems of production for use based on public ownership of the means of production and centralized planning. Socialism grows directly out of capitalism; it is the first form of the new society. Communism is a further development or "higher stage" of socialism. From each according to his ability‚ to each according to his deeds (socialism). From each according to his ability‚ to each according
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are affected by the company’s decisions. The stakeholders in this scenario include PharmaCARE‚ a successful pharmaceutical company‚ CompCARE‚ a subsidiary of PharmaCARE‚ Wellco‚ a large drugstore chain‚ the employees of the various companies‚ the African nation of Colberia and the Colberians. All of these stakeholders have a stake in the outcome. PharmaCARE is a successful pharmaceutical company that prides itself on being a reputable‚ caring and ethical company that enhances the quality of life
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Case 1: Geneva Pharmaceuticals ERP Implementation Summary: This case discusses Geneva Pharmaceuticals and the much needed ERP implementation within the organization. Geneva is one of the world’s largest generic drug manufacturers. Geneva needed new organization within the company to help better manage the over 200 SKUs in different size packages. Their old way of doing business caused confusion and errors resulting in setbacks and overall negatively affecting the company. Realizing this
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economy has improved conditions temporarily but in turn has created a large budget gap. The Philippines has one of the highest drug prices in the world. Changes brought about by the controversial Cheaper Medicine Act have impacted the Philippines pharmaceutical market‚ whereby 200 drugs have seen price reductions by up to 50% since August 2009. The Philippines remains on the USTR’s Ordinary Watch List in 2010. Medicine was the science and art of healing humans. It includes a variety of health
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optimum market share possible. Everyday business people from top to lower management work to achieve a common goal – being the best at what you do‚ and getting there as fast as possible. On June 11‚ 2009 Ranbaxy Laboratories Limited‚ India’s leading pharmaceutical company‚ announced that it would become a subsidiary of the Japanese drug-manufacturing firm Daiichi Sankyo Co. Ltd. Ranbaxy‚ established in the 1960s by the entrepreneur Bhai Mohan Singh‚ had expanded aggressively over the years and became a
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Pfizer ’s Global Organizational Strategy Pfizer‚ a pharmaceutical company‚ has been in business since the 1800 ’s and went global before going global was a common strategy. The decisions made by the management of Pfizer‚ Inc and the organizational strategies employed throughout the years have had to adapt to the ever changing concept of what it means to be a global company and what management must do to meet the goal of making a profit and corporate expansion. Pfizer ’s domestic core competency
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Unethical Research Practices Unethical research is commonly found within pharmaceutical companies. In a hurry to get new drugs to market‚ companies will often cut corners during the research process. Pharmaceutical companies will spend millions of dollars on drug research‚ but very little on unethical drug promotion (Parmar‚ Jalees‚ 2004). The purpose of this paper is to inform the reader of how unethical research practices can lead to death from both past and present case studies. Present Rizwan
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Merck & Co.‚ Inc. Recommendation: Buy Target Price Current Price Difference $ 37.09 $ 26.18 41.7%↑ Market Cap. 52 Wk High 52 Wk Low $ 57.48B $ 36.26 $ 25.50 Shrs. Out. 2‚217.6M As of October 21‚ 2005 • Market reaction to Vioxx lawsuits too extreme • Cash flow for company strong enough to absorb potential legal or competitive challenges • Potential blockbuster drugs in the pipeline • A stable of existing drugs to continue driving growth • Aging and growing population
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Background: The Institute for One World Health (IOWH)‚ the first non-profit pharmaceutical company in the U.S.‚ was founded in 2000 by Dr. Victoria Hale. The aim of this organization is to develop safe‚ effective‚ and affordable new medicines for people with infectious diseases in the developing world and thus help in improving global health. IOWH decided to find cures for diseases for which no drugs were available and no or little R&D had been conducted. IOWH picks up the compounds‚ which
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lives such as HIV. Pharmaceutical companies obtain patents to protect their work from being stolen from them‚ and produced at a cheaper cost by generic manufactures. This creates the ethical issue of making the drug untouchable to those with HIV that are not wealthy enough to afford the medication they need to survive. Why do pharmaceutical companies not want to share their patented information? What is a patent pool and how is it saving lives? An ethical dilemma can
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