How has Merck been able to achieve substantial returns to capital given the large costs and lengthy time to develop a new drug? Merck had a 14% increase in sales between 1997 and 1998 and 22% increase in sales from 1998 – 1999‚ and a 13% annual increase in earnings over the same period. Merck’s business strategy consists of two parts: (1) developing and marketing new drugs through internal research‚ and (2) developing partnerships with smaller biotechnology companies. Since 1995‚ Merck had launched
Premium Management Education Psychology
Pada tahun 2005‚ Clark Richard menjadi CEO Merck & Co. Sedikitnya lebih dari satu tahun kemudian‚ CEO Pfizer Inc bernama Clark Kindler Jeffrey telah bergabung dengan Merck pada tahun 1972 dan berasal dari latar belakang industri‚ sedangkan Kindler telah bergabung dengan Pfizer dari McDonald’s pada tahun 2002 sebagai konsultan hukum umum. Seperti CEO mereka‚ kedua perusahaan itu secara historis mengikuti jalur yang sangat berbeda; Merck dikenal karena keahlian penelitian‚ sedangkan Pfizer dianggap
Premium
Introduction Performance appraisal is defined by Mathias‚ Jackson (2005‚ p106) as ‘the process of evaluating how well employees perform their jobs as compared to a set of standards‚ and then communicating that information to those employees.’ This evaluation or review is usually carried out periodically. A performance appraisal usually forms an integral part of an organization’s Performance Management System‚ and although there are criticisms against performance appraisals‚ its many advantages
Premium Management Employment Performance management
REVIEW OF LITERATURE A discussion regarding use of psychometric test has been carried out in May 2001‚ published by centre for the economics of education by Andrew Jenkins From the article: This paper surveys the literature on the use of psychometric testing by employers‚ and considers whether information on psychometric testing can be used to make deductions about changes in the demand for skills in the economy. The standard approach to measuring the demand for skills‚ and
Premium Psychometrics Assessment Educational psychology
Describe the methods of conducting individual and team competence reviews Team Review Methods • Formal bi-annual performance appraisals- these take place within the company on a bi-annual basis‚ objectives are set against corporate aims and then reviewed within the appraisal process. • Action plans- these are set as a way to meet a requirement‚ normally these come from the appraisal process‚ for example a training need could be established and the action plan details what is required and when it
Premium Management Skill Employment
Performance Appraisal Research on Expatriates of Multinational Enterprises Case Analysis of Nokia CHEN Lu Hong Kong Baptist University E-mail: chenlu0719@126.com Performance Appraisal Research on Expatriates of Multinational Enterprises Introduction Nowadays‚ the competition of global business practices is becoming more and more intense‚ thus having an effective expatriate management system is urgent for every multinational enterprise. In this project I mainly studied the importance and
Premium Human resource management Multinational corporation Performance appraisal
PERFORMANCE MANAGEMENT What are the origins of performance appraisal and performance management and what are the differences between them. MSc Human Resource Management Glamorgan Business School University of Glamorgan 2012 What are the origins of performance appraisal and performance management and what are the differences between them. Performance management and performance appraisal are symbiotic strategies that yield great results in the human resource and business world
Premium Human resource management Performance management Management
Performance appraisal‚ reward and promotion policies “Blaze new trails. Never settle for second best. Succeed together‚ celebrate and do something bigger”. That’s what performing of Pepsi Cola International is all about. Pepsi-Cola International‚ with operations in over 150 countries‚ has developed a common performance appraisal system that focuses on motivating managers to achieve and maintain high standards of performance. It contains five feedback mechanisms - instant feedback‚ coaching‚
Premium Culture Pepsi Performance appraisal
Case 7.1: The Politics of Performance Appraisal Max Steadman‚ Jim Coburn‚ Lynne Sims‚ and Tom Hamilton are managers at Eckel Industries‚ a manufacturer of arc-welding equipment in Minneapolis. They work in the manufacturing division each supervising a different department within the division. Every Friday the managers meet after work for drinks to relax‚ gossip‚ and give and receive advice about problems on the job. This week they discuss performance appraisals which they recently conducted. Each
Premium Evaluation Human resource management Performance appraisal
Performance Appraisal File 26/04/2013 Employee Performance Appraisals Research and practice in performance appraisal: evaluating employee performance in America’s largest companies. Abstract: There is a growing debate about the relevance of employee performance appraisals. On the one hand‚ performance ratings are considered by many academics and practicing managers as essential personnel management tools. They are used in recruiting and hiring‚ in compensation administration‚ in training
Premium Performance appraisal Human resource management Management