Case Analysis Pharmaceutical Company - 2946 Words

Introduction In 2013, GlaxoSmithKline’s (GSK) Chinese operations were investigated for paying millions of dollars in bribes to Chinese medical professionals via a network of travel agents and other parties. The UK based pharmaceutical company was bribing these professionals in order to obtain monetary gains and build their presence in China. GSK had a seemingly in-depth compliance program and code of conduct for its employees, management, and third parties, but it fell short as bribery ran rampant. GSK was eventually found guilty by Chinese courts and instructed to pay a significant penalty, while five members also received prison sentences. The gift giving culture in China may be partly to blame for the common practice of bribery, but there are also other internal and external factors to consider. GSK as well as other companies and the Chinses government are using this case as a learning tool and making an effort to make necessary changes to prevent corruption in the futur e. This case provides an excellent example of the risks and challenges companies – not just pharmaceutical companies – may face when doing business in China. GSK’s Ethics and Compliance Program GSK’s company Code of Conduct expected employees to â€Å"make every effort to comply with local laws and norms† (Quelch Rodriguez, 2013, p. 2). This Code was imposed for all of the company’s operations around the world. While this Code may be effective in the company’s home country, China has higher rates ofShow MoreRelatedCase Analysis : Mylan Pharmaceutical Company Essay1584 Words   |  7 PagesMany companies often engage in activities that are viewed as unethical for one reason or another. For example, the Mylan pharmaceutical company with regards to their recent price hiking EpiPen dispute. Mylan is one of the largest global pharmaceutical companies in the world. They market many products to other companies, governments and even sell retail directly to customers. This large company claims to have strong Corporate Social Responsibility attitudes and has a goal for themselves to increaseRead MoreFuture Of Pharmacovigilance ( Pv ) Outsourcing Ind ia Essay1318 Words   |  6 Pagesregulatory authority warnings and negative media impact have caused monetary losses and tarnishing of the image of pharmaceutical companies. Consequently, these companies have invested heavily on PV systems. For a pharmaceutical company, setting up a PV system in-house is not always cost effective and finding qualified and trained resources is a huge challenge. Thus, these companies have relied on PV outsourcing to markets such as India. This white paper provides an overview of the current PV outsourcingRead MoreEvaluation Of A Performance Management System1220 Words   |  5 Pages(2014), examined a performance appraisal (PA) study in the Pakistan pharmaceutical industry, which identified critical performance factors that account for most negative perception among sales employees, the performance appraisal process and the organization. The case focused on making comparisons between the PA systems of Pakistan’s pharmaceutical national companies (NCs) and multinational companies (MNCs). In Pakistan, the pharmaceutical industry is the 11th largest market in the Asian Pacific RegionRead MoreSwot Analysis : Pfizerswot1262 Words   |  6 Pages 3. ANALYSIS The report will now apply the concepts discussed in the previous section to the specific case of Pfizer. The analysis will help to determine whether this company has achieved a competitive advantage. 3.1. SWOT analysis Pfizer’ SWOT analysis is summarized in two tables. Table 1 focuses on the external analysis. Table 2 is devoted to the internal analysis. Table 1 Pfizer’ external analysis Opportunities Threats Industry environment: - Threat of entry: The threat of entry is low becauseRead MoreEli Lilly And Company Performance1750 Words   |  7 PagesExecutive Summary Eli Lilly and Company (Lilly) is a global pharmaceutical company, ranked 115 on the Fortune 500. Lilly’s operating performance has been strong in 2011, with ROA and ROE much higher than its competitor, Pfizer. The company has improved sales in the year 2011; however, its net income fell. Lilly’s future performance is challenged by factors such as major patent expirations, which will expose the company to the generic version of their drugs being produced by other manufacturers. LillyRead MoreWestern Pharmaceuticals aB Essay1073 Words   |  5 PagesWestern Pharmaceuticals (Aamp;B) 1 MGT 309 - Western Pharmaceuticals (Aamp;B) Case Analysis 4 February 1, 2015 Latrina L. Black Professor James Maddox Western Pharmaceuticals (Aamp;B) 2 Background Western Pharmaceutical (A) was founded by George’s grandfather in Los Angeles. George, who is the CEO of the newly formed United Pharmaceuticals, decided to have Western Pharmaceuticals (A) merge with one of the largest over-the-counter cold remedy companies, Atlantic Medical. This mergerRead MoreI have always considered obtaining BSc. Honors degree in applied accounting from Oxford Brookes1200 Words   |  5 Pagesthis session I decided to prepare research and analysis project and I chose the following topic: â€Å"The business and financial performance of an organization over a three year Period†. Reasons of choosing Specific Topic, Sector And Company: One of the most imperative reasons that I chose this topic was that this topic was easier to understand. During my ACCA studies I read different tools and techniques relating to the business and financial analysis so I was in a better position to work on thisRead MoreEconomics and Health Care1520 Words   |  7 Pageshealth insurance companies and the government since health costs are usually too expensive for the middle to lower class who are usually more likely to become ill. 1B. In the real world, a perfectly competitive market rarely exists. One or more assumptions are violated in most markets and this is certainly the case in the pharmaceutical market. * Monopoly Power. Pharmacists often face questions from patients regarding how prices of medications are determined and why, in some cases, they are soRead MoreManipulation Of Patents And Market Pricing940 Words   |  4 Pagespatents and market pricing have allowed pharmaceutical companies to raise the prices on drugs necessary for individuals in the US compared. With no competition, the companies are able to exploit the patent system to maximizing profits with no regard to the consumers economic welfare. The price of pharmaceuticals are constantly higher than the rest of the world and the people of America are paying that price. Method of Inquiry: After conducting a thorough analysis of all my available sources, connectionsRead MoreSanofi Aventis Swot Analysis1750 Words   |  7 Pages3. Sanofi Business Environment 4 3.1. Political Factors 4 3.2. Economic Factors 5 3.3. Social Factors 7 3.4. Technological Factors 7 3.5. Environmental Factors 8 3.6. Legal Factors†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 4. SWOT ANALYSIS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 5.Strategy 9 6. Recommendations 9 7. References 10 Executive summary To conceive a business we must first of all understand its environment which depends on factors that are used in the PESTEL

Essay on Frida Kahlos Definition of Self - 1687 Words

Frida Kahlo is one of the most famous female painters to originate from the twentieth century, and for good reason. Her art is filled with beauty and creativity, but Frida’s main source of fame comes from the emotions that these paintings invoke, rather than the actual paintings. This is because Frida put herself into every painting she did, leaving traces of her presence all throughout this world and these traces remain long after her physical departure. Frida was a very peculiar and unique individual, hence, Frida’s definition of what a person is, or rather, what a self is, follows accordingly. The self is the reality that one conceives, and this self will live long after the physical body dies, continuing on as long as their†¦show more content†¦Also, it seems that the monkey on Frida’s shoulder is trying to dismantle this thorn necklace, so even with these other guardians or friends that Frida has transcended from her mind to the canvas she still exists in some from of anguish. To extrapolate one step further, Frida feels that no one can help her in this world of suffering, even if they desire to, and she is ultimately isolated in her own sense of reality. Throughout her career, Frida had shown many different themes of her life through her paintings. It seems clear, through analyzation of her paintings, that Frida lived something of a double life. Frida paints herself in distinctly different ways at times, sometimes she is a beautiful woman with strength like iron, and sometimes she is a frail damsel who has been broken already and will be broken again. Contrasting paintings include Self Portrait with Monkeys (Kahlo, 1) and Self-Portrait with Thorn Necklace, Diego and I (Kahlo, 1) and The Love Embrace of the Universe, the Earth (Mexico), Me, Diego, and Mr. Xolotl (Kahlo, 1). All of these paintings show that not only is there a contrast in her personality, in fact, Frida’s is actually two different people, as sh e paints it. Frida’s double personality is most present (excepting arguably The Two Fridas, which will be mentioned later in this essay) in her painting Tree of Hope, StandShow MoreRelatedThe Double Self Portrait By Frida Kahlo1605 Words   |  7 PagesOn first impression, The Two Fridas(1939) by Frida Kahlo, is an image that appears grim and sad, with a gloomy atmosphere, set by the background, and a gruesome imagery seen through the open, bloody hearts. The double self-portrait is an oil and canvas image of a European and Mexican Frida. The European Frida’s dress is covered in blood from a cut heart vein, and both the women’s hearts are exposed, with European Frida’s appearing broken. The two figures are sat in the foreground of the image, withRead MoreLove as a Major Muse: Analyzing Frida Kahlos Relationship With Diego Rivera1054 Words   |  4 PagesFrida Kahlo is quoted as saying, I suffered two grave accidents in my life. One in which a streetcar knocked me down. The other accident is Diego, (cited by Botis 1). The love relationship between Frida Kahlo and Diego Rivera is one of the most famous in modern art. Their relationship was tumultuous, which seemed to be a good recipe for creativity and artistic self-expression. It is a well-known fact that they had a passionate and stormy relationship, filled with great love and also betrayalsRead MoreArt as an Embodied Imagination22095 Words   |  89 Pagesthey ingest, and protect their environment. These personal motivations manifest a form of self-discipline (the disciplinary gaze has become an ordering principle of social life): the consumer adopts the perspective of his or her self, so it becomes natural to regard one’s body as a socially visible object that can and should be reconstructed to convey preferred meanings (Joy and Venkatesh 1994). In building a self-image and an identity, consumers engage in continuous processes (moral and otherwise)Read MoreArt as an Embodied Imagination22095 Words   |  89 Pagesthey ingest, and protect their environment. These personal motivations manifest a form of self-discipline (the disciplinary gaze has become an ordering principle of social life): the consumer adopts the perspective of his or her self, so it becomes natural to regard one’s body as a socially visible object that can and should be reconstructed to convey preferred meanings (Joy and Venkatesh 1994). In building a self-image and an identity, consumers engage in continuous processes (moral and otherwise)

Free Trade agreement free essay sample

There are many advantages and isadvantages of the Free Trade Agreement between Canada and America, yet Canada is not getting much of a good deal, only in certain ways are Canadians at an advantage. Some advantages are: an increase in production, and better U. S-Canada relations. Some of the disadvantages are: diminished population growth, loss of Jobs, diminished sovereignty, and workers facing concessions on wages, working conditions, and living standards. To begin, an advantage to the FTA is an increase of production. Canadian businesses would increase production to keep up with American producers, so as not to be bought out. With more investment in Canadian businesses due to elimination of tariffs, Canadian industry will grow and expand, increasing production and efficiency (Bain Pg. 376). Another reason why the Free Trade Agreement is an advantage to Canada is that it helps relations between Canada and the U. S, because the two nations have not always seen eye to eye, they now have something to connect them. We will write a custom essay sample on Free Trade agreement or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The FTA helps the two countries get on each others good side due to help from one another in business and trade. To sum it up, there are not very many reasons why the Free Trade Agreement is an advantage, but there are some. There are many reasons why the FTA is a disadvantage. Firstly, the population of Canada isnt increasing like it should; because of the FTA our workers are going to America to get Jobs because America can offer more money to their workers because they have the money to do it, whereas Canadian businesses are lowering wages to make more money to try to keep up with the American production. Canadian workers follow the raw materials to America The land of opportunity to get more money. Everyone leaves to America making our population not increase because if they stay here, the workers may not earn good oney, so they cannot spend it, so goods do not get produced. The result: a downward economic spiral(Finn Pg. 10). Another reason the FTA is a disadvantage is increased unemployment. Many American companies that have branch plants operating in Canada will become redundant and be shut down. These branch plants were established in Canada to provide shelter behind the tariff wall. Tariffs were not added to selling price of their products because they were behind the tariff wall. Under the FTA, there are no tariffs, so the branch becomes unnecessary, and the customers can be supplied equally well if not better and cheaply from one plant in he U. S. The closing of these branch plants results in many Canadian Jobs disappearing (Conklin Pg. 28). Also, many businesses that are owned completely by America, where there is a bigger market and more opportunity for growth, and there are no taxes to sell products to Canada from the U. S under the FTA. The moving and shutting down of these factories and plants creates more unemployment and less Job opportunities (Bowker Pg. 32). Many Canadians considering starting a business in Canada may be lured to America to start their business, because with the removal of ariffs, these companies can supply Canadian customers Just as easily from America while being nearer the larger American markets with the advantage of lower operating costs. This idea of starting businesses in the U. S instead of Canada, takes away Jobs from Canadian workers before even giving them a chance. Another reason for the FTA to be a disadvantage is Canada as a nation losing its sovereignty and independence. Ownership and control of Canadian industry and resources will gravitate towards the United-States under the Free Trade Agreement. Decision making for these industries will be transferred to the boardrooms in America. Economic powers movement is usually followed by political power, so it is probable that Canada could face the eventual loss of political independence. Lastly, an example of the disadvantages of the FTA is Canadian workers facing concessions on wages, working conditions, and living standards (Conklin Pg. 30). Canadas extensive social benefit programs like, health care system, unemployment insurance benefits, and family allowance, which do not exist on the same scale in the U. S, are vulnerable to attack as unfair subsidies to be reduced or eliminated. Which in turn would ncrease the cost of living for Canadians affected by the changes. Money would be needed to help pay for businesses without help, which could lower workers wages and have many workers losing their Jobs. The Americans are basically trying to assimilate the Canadians and take away their distinction and independence. So in summation, the FTA is not very advantageous because of Job loss, minimal population growth, disappearing sovereignty and worker concessions. Therefore, the disadvantages of the Free Trade Agreement outweigh those of the advantages, so Canada is not getting a very good deal.