Executive Summary Richter’s CIO is facing two major decisions – is the current IT structure appropriate to meet the growing demands of the overall organization and to what extent should IT at affiliates be centrally controlled. This report will outline the current situation‚ provide alternative solutions‚ as well make a recommendation on the best alternative and implementation plan. It is recommended that Richter’s outsource the more routine IT functions. The current governance model should
Premium Management Strategic management
MANAGERS RICHTER: INFORMATION TECHNOLOGY AT HUNGARY’S LARGEST PHARMA Summary: Richter is the largest pharmaceutical company in Hungary and is considered to be one of prominent producers of generic drugs and generic active pharmaceutical ingredients (APIs). The company is a leader in the global market‚ but currently it is facing a lot of challenge from other pharmaceutical companies and because of which they can lose their competitive advantage in the pharmaceutical industry
Premium Management Organization Strategic management
About Hungary: Hungary is a landlocked country in central Europe‚ which borders with no fewer than seven countries: Slovakia‚ Ukraine‚ Romania‚ Serbia‚ Croatia‚ Slovenia and Austria. The country is mostly flat‚ with low mountains in the north. The most important sectors of Hungary’s economy in 2012 were industry (26.8%)‚ wholesale and retail trade‚ transport‚ accommodation and food services (17.6 %) and public administration‚ defence‚ education‚ human health and social work activities (17.3 %)
Premium Slovakia International trade Austria
with bookish knowledge but with practical experiences. Recently our university also organized for us a great trip to another city of Hungary. This little and pretty city called as a Tokay city. First of all‚ I want to give information about Tokay city. Tokay is famous wine-district of Hungary famous all over the world. Even the first Magyar settlers of Hungary found grape-vines in this region. The history of Tokay city has always been closely interwoven with the wine. Many Hungarian Nobles‚ had
Premium Hungary
Executive Summary Richter is the biggest pharmaceutical company in Hungary and is preparing a global expansion in one of the quickest alternating markets- the pharmacy industry. The firm currently belongs to the worldwide market leaders and faces the chance of losing their top market position. As a result their current information system (IS) has to successfully assist the firm’s expansion plans in order to guarantee a top market leader position. Currently the IS is not completely centralized
Premium Strategic management Management
October 13‚ 2010 Richter Case Analysis I. Executive Summary For many reasons including government regulations‚ market demand and varying core competencies‚ Richter’s affiliates face quite a wide range of unique business challenges. The problem has become facing these challenges with a centralized IT strategy that cannot address the critical idiosyncrasies of each unique affiliate market simultaneously. The net effect is that some affiliates have an excess of resources while others are stretched
Premium Decision making Management Strategic management
governance of Richter‚ Szücs is the IT director and is working together with around 50 people in the head department in Hungary. Those 50 people are focusing on four different areas: “IT operations (12)‚ procurement and service (15)‚ SAP support (12)‚ IT strategy and projects (4)” (Mitchell et al.‚ 2007). Altogether they develop a strategic plan which is expected to support the business processes at Richter. However‚ a plan is not very flexible since it first has to be approved by the CFO of Richter and then
Premium Management Investment
Gerhard Richter‚ Tate Modern Exhibition Review Gerhard Richter has been making art ever since 1961‚ when he left Germany. Throughout his life Richter has resisted painting in any one particular style‚ this makes it very hard to compare him to any other artist. Gerhard Richter was one of the first German artists to reflect on the history of National Socialism‚ creating paintings of family members who had been members‚ as well as victims of‚ the Nazi party. Richter has continued to respond to
Premium Nazism History of painting Nazi Germany
HEC006 Volume 4 Issue 1 March 2006 An ERP Story: Background (A) Case prepared by Professors Carmen BERNIER and Vital ROY‚ as well as Éric BRUNELLE Business Context In 1950‚ when the general insurance company Aux Bons Soins (ABS) was in its early days‚ it offered a full range of general insurance products for individuals residing in the province of Quebec. Over the years‚ Canada has seen a consolidation of its general insurance industry. Three years ago‚ ABS acquired the insurance company
Premium Management Project management
AMEX‚ Hungary Introduction Michael Thomas worked for AMEX Petroleum and jumped into an opportunity to set-up business operations in central Hungary. "His main goal is to established 10-14 gas stations in the region by purchasing existing stations‚ building new ones‚ or negotiating franchise arrangements with existing owners of stations" (Larson‚ & Gray‚ 2011 p. 560). He took this opportunity hoping that this will boost his career plus his mother being Hungarian he has the command of the language
Premium Project management