MERCK: OPEN FOR INNOVATION? Founded in 1891 as an American subsidiary of his German namesake‚ Merck was once considered the “undisputed king of the pharmaceutical industry with ground‐ breaking drugs”(The Chief Executive 2003). But for the last decade‚ Merck has gone through a period of stagnation; it began to lose exclusivity patents on blockbuster drugs and has witnessed Pfizer’s rise to top place in the industry. It seemed now that internal R&D that was once the company’s main asset would
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The discount rate Main article: Discount rate The rate used to discount future cash flows to their present values is a key variable of this process. A firm’s weighted average cost of capital (after tax) is often used‚ but many people believe that it is appropriate to use higher discount rates to adjust for risk or other factors. A variable discount rate with higher rates applied to cash flows occurring further along the time span might be used to reflect the yield curve premium for long-term
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in creating a solid business plan will help them anticipate the tough spots‚ modify their approach and climb to the peak of success in the international marketplace (Brown & Gutterman‚ 2009). One particular hotel chain is The Ritz Carlton‚ owned by Marriott. The Ritz Carlton operates more than 80 hotels in 26 countries‚ driven by their motto‚ “We are Ladies and Gentlemen serving Ladies and Gentlemen” (“Gold Standards‚” 2012). They have created a business plan that has enabled them to achieve superior
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The Correlation between the Diffusion Rate of a Substance and its Molecular Weight ABSTRACT To test the effect of molecular weight on the rate of diffusion‚ various experiments were performed. One of which is the glass tube test wherein cotton balls of the same size were moistened in two different substances (NH4OH and HCl). These cotton balls were plugged at each side of a glass tube. After some time‚ formation of a white ring occurred. The white ring‚ in fact‚ is a product of the reaction between
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The society as a whole is worse off. This is because cash is the financial asset and it becomes is a liability of the government upon the time you found the cash. So‚ the taxpayers will have to make up for the government liability. 2. The average rate of return on investment in large stocks has outpaced that on investments in T-Bills by about 8% since 1926 in US. Why‚ then‚ does anyone invest in T-Bills? Answer: This is because T-bill is regarded as an almost risk free asset as it is backed
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Introduction The nation’s high unemployment rate is a result of a severe drop in demand for goods and services. It’s not a reflection of longer-term structural changes in the economy but rather cyclical changes in the economy. The demand for goods has been limited because of tight credit‚ decreases in government budgets‚ suppression of demand by consumers and foreign markets‚ and the inability by the fed lower interest rates. Even with the low level of interest rates the Fed is currently practicing a tight
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primary and secondary data. However‚ for the primary data the questionnaire was used to solicit responses from the respondents. In conclusion economic recession‚ governmental policy‚ employment of expatriates and trade union wage demand increase the rate of unemployment. The study emphasis that planning for human resources use in Nigeria has been based on guesswork and needs reevaluation. Keywords: Unemployment‚ Human resource planning‚ Graduates‚ Economy. 142 British Journal of Arts and Social
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What factors might contribute to a low or high growth rates in a country? There are three categories of factors that contribute to a low or high growth rates. These categories are the demand factor‚ the efficiency factor‚ and supply factors. Government spending or exports can lead to a higher to aggregate demand and higher economic growth. “Economic growth requires increases in total spending to realize the output gain made available by increased production capacity” (McConnell‚ 2012‚ p. 513)
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is that the literacy rate has risen from 72% to 90% in the last 30 years. According to the 2005 Functional Literacy‚ Education‚ and Mass Media Survey conducted by the National Statistics Office (NSO)‚ 48.4 million or 84% of the estimated 57.6 million Filipinos who are 10 to 64 years old are said to be "functionally" literate (Source: "8 out of 10 Filipinos are functionally literate" by D. Pepito‚ TODAY newspaper‚ February 17‚ 2005). Functional literacy was found to be higher in females by an average
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archive of this journal is available at www.emeraldinsight.com/1753-7983.htm EBS 3‚3 Dealing with plagiarism in a complex information society Debbie Wheeler Abu Dhabi Women’s College‚ Higher Colleges of Technology‚ Abu Dhabi‚ United Arab Emirates‚ and 166 David Anderson Al Ain Women’s College‚ Higher Colleges of Technology‚ Al Ain‚ United Arab Emirates Abstract Purpose – The purpose of this paper is to investigate the impact of the modern information society on attitudes and approaches
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