Historical background of the 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
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Motivating high performance in pharmaceutical sales teams is a growing issue in the pharmaceutical industry. The challenges facing the pharmaceutical industry in motivating sales teams are compounded by a variety of factors that many other industries do not face including: government regulation of sales practices‚ non-direct tracking of sales results‚ and the impact of managed care on sales performance. By impacting a few key team process and compensation elements pharmaceutical companies can have a significant
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ACCONTABILITY IN PROJECT EXECUTION The structuring of work and delegation of authority for execution of the project would not automatically ensure achievement of the objectives of the project. Authority empowers one to make decisions for results in relation to the work at hand. Hence‚ one who is delegated authority must take decisions and those decisions must product results. But some individuals may not take decisions and also may not be concerned about results; delegation of authority to such
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Dev 595 Supervised Research Paper Footwear Industries in Bangladesh: Problems & Prospects. PREPARED FOR : P rofessor A. K. M. Atiqur Rahman‚ Ph.D. Instructor : Dev 595 Dean‚ School of Arts and Social Sciences SUBMITTED BY : A bu Tariq Mohammad Zaki ID # 041-439-551 November 27th‚ 2012. North South University FOOTWEAR INDUSTRIES IN BANGLADESH: PROBLEM S & PROSPECTS. TABLE OF CONTENTS CONTENTS Executive Summary 1. Introduction 1.1 Origin o f the Report 1.2 Objectives 1.3 Scope 1.4 Definitions
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forces affecting the global pharmaceutical industry? Do these forces differ by industry sector‚ and where would you place the different sectors in the industry life-cycle? Porter’s five forces help identify their attractiveness in the industry in terms of the five competitive forces which are: the threat to entry‚ the threat of substitutes‚ the power of buyers‚ the power of suppliers and the extent of rivalry between the competitors. Where the forces are high‚ industries are not attractive to compete
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PHARMACEUTIC ALS INDUSTRY ANALYSIS GROUP MEMBERS: MANVI KARTHIKEYA VAMSI VINOD INDUSTRY ANALYSIS The Indian Pharmaceutical industry today is in the front rank of India’s science based industries with wide range capabilities in the complex field of drugs and technology. MARKET SIZE It ranks 4th in the world pertaining to the Volume of sales. Estimated worth of Indian Pharmaceuticals Industry is US$ 6 billion Almost 70% of domestic demand for bulk drugs is catered by Indian Pharma Industry Growth
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Aviation Industry in Bangladesh: Prospects and Challenges January 06‚ 2008 To Mr. Iftekhar Amin Chowdhury Department of Business and Economic Daffodil International University Dhaka-1207 Letter of transmittal Dear Sir: It is great pleasure for me to submit my report on the topic “Aviation Industry in Bangladesh: Prospects and Challenges”. To make this report up to the standard I tried my best to fulfill the requirements‚ by implementing
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GAC002 Assessment Event 4: Academic Research Essay Going forward: The innovations of communication technology in China Question: Trace how technology has changed communication in your country over the past 20 years. With the development of technology‚ the changes in communication have a pivotal impact on various areas. Definitely‚ advanced technology is the main driver of these changes. Not only the way of communication has changed‚ but also the content and means of communication
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Bangladesh pharmaceutical market in 2011 stood at approximately US $ 800 million‚ which is very small when compared to the population base of the country‚ which currently stands at about 140 million. To put this number on a proper perspective‚ the total global pharmaceutical sale in 2011 was $600 billion. This is expected to grow about $730 billion in 2013. Of course the majority of the sale in 2011 was in brand products‚ the market segment where Bangladesh does not or is not expected to participate
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PFIZER CASE The pharmaceutical industry has to continuously develop new products (patents). The different phases requested ahead a new product launch involves long gestation periods‚ and the development of a new product takes around 10 to 15 years. In general‚ most large pharmaceutical firms have a centralized R&D unit. R&D trends in Pharmaceutical industry: In the past‚ increase of R&D costs for a new drug (for one: 1975: € 150m / 1987: € 344m / 2000: € 870m 1/3 of all medicines
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