THE BALANCED SCORECARD IN AN INDONESIAN PHARMACEUTICAL COMPANY A CASE STUDY IN PT. DEXA MEDICA 1. INTRODUCTION 1.1. Background of the Study In modern competitive global economy‚ it is more important than ever to understand the process of value creation in the organization. The need to manage with a high level of customer focus‚ a clearer understanding of core business processes‚ the necessity of motivation and commitment of employees‚ the need for change on a continuous basis‚ and effective
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Assessment Business: Pharmaceutical Company I planned to start GetWell Pharmaceutical Company dealing in manufacture medicinal products‚ such as headache and cold remedies etc‚ as well as on demands of the customers at competitive rates in the market. Get Well Pharmaceutical Company will increase its market share in general and target a specific segment of the market related to dread disease through enhancement of research and development work. Objective: It can be described as what business is looking
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and Co. is a pharmaceutical company that was founded in 1876 by Colonel Eli Lilly.4 Its first major breakthrough was the development of gelatin coating for pills‚ which later turned into the gelatin capsules. Since 1876 Eli Lilly and Co. has been a pioneer in the pharmaceutical industry.5 The main focus of Lilly is the research and development of neuroscience and endocrinology drugs. They have expanded their operations over time into over 60 nations worldwide. The pharmaceutical sector brings
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Analysis Methods Porter’s Five Force in relation to Eli Lilly Threat of New Entrants Threat of new entrants is relatively high. Companies forming alliances are potential rivals. Even if earlier such company was not considered to be a threat‚ after merging with some research and development company or forming alliance with another pharmaceutical company it would become a rival to Eli Lilly. The threat is however weakened by significant research and development costs necessary to successfully
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COMPANY PROFILE INTRODUCTION Prof. Dato’ Dr. Hassan Yaacob founds Healwell Pharmaceuticals Sdn Bhd‚ a Researcher from University Malaya turned entrepreneur. He is a PhD holder in Clinical Pharmacology from Royal College of Surgeons of England‚ London and a famous Gamat Expert in Malaysia. He is an Executive Chairman/CEO of Healwell Pharmaceuticals Sdn Bhd. Prof. Dato’ Dr. Hassan Yaacob started his intensive scientific research and studies in Gamat at the Department of Pharmacology‚ Faculty of
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As with any other industry‚ the Pharmaceutical companies too face a multitude of challenges. While not all of these challenges are factors for each and every company certainly each organization face a few of these. These challenges include: * an acute shortage of domain expert skills * challenges in recruiting‚ training * retaining and managing knowledgeable associates in a context of contractors vs permanent staff.. * pressure from external market factors and internal pressure
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Argument What this handout is about... This handout will define what an argument is and why you need one in most of your academic essays. Arguments are everywhere... You may be surprised to hear that the word "argument" does not have to be written anywhere in your assignment for it to be an important part of your task. In fact‚ making an argument--expressing a point of view on a subject and supporting it with evidence--is often the aim of academic writing. Your instructors may assume
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Employee Branding at a pharmaceutical company Bachelor Thesis in Business Administration Authors: Niclas Månsson Erik Thorsén Mikael Törnqvist Tutor: Jönköping Jean-Charles Languilaire JUNE 2010 JÖNKÖPING INTERNATIONAL BUSINESS SCHOOL JÖNKÖPING UNIVERSITY Acknowledgement We would like to thank all participants at Company X for their involvement and especially express our gratitude to the CEO for his support. We also thank the three members of the top management at Company X for participating
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org/gsk-pays-3-billion-fine/ http://www.nytimes.com/2012/07/03/business/glaxosmithkline-agrees-to-pay-3-billion-in-fraud-settlement.html?_r=0 The pharmaceutical giant and British drug maker‚ GlaxoSmithKline‚ has agreed to plead guilty and pay the government three billion dollars in a health care fraud settlement bought by the FDA. This is the largest settlement involving a pharmaceutical company in recorded history. GSK have admitted to committing three fraud charges. They promoted the off-label use of two anti-depressant
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things in order to keep them alive. Although‚ major pharmaceuticals companies view this as a very dependable way of receiving capital‚ having to need these things in order to live another day. Since people most of time need this drug in order to survive they are willing to pay thousands of dollars just so they could live another day. There are many people who require these specific things in order to survive. When it comes corrupt CEO’s‚ companies‚ and statistics the prescription drug business is
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