...drive the pharmaceutical industry with a brief insight into how these levers impact the key players and decisions in the sector. The report will also relate the key drivers of the industry to the pharmaceutical industry in Ireland and how it is facing these global challenges. Historically, the sector was dominated by large scale bulk compound manufacture but this has evolved into a diverse range of complex technologies and treatments. In order to elaborate/detail on how this influences the strategy of individual organisations, we will highlight some of the activities of Glaxo-Smithkline (GSK) and how this company has evolved to adapt to the dynamic nature...
Words: 2748 - Pages: 11
...A Marketing Plan for an Imaginary Managed Care Organization Executive Summary and Situation Analysis Working for the Managed Care Organization of America, the ultimate goal would be to ensure cooperation in the understanding, agreement, and commitment between all divisions and units. One of the problems at the Managed Care Organization of America is that the healthcare professionals are put in a position where they are inhibited in their involvement over the communication and networking systems between the Nursing Administration, the head of each nursing unit or the RN or LVN in charge, and the certified nursing aids. This executive summary takes a brief look at designing and developing a contract process program that integrates cooperation and communication systems between the Nursing Administration, the head of each nursing unit or the RN or LVN in charge, and the certified nursing aids. Another challenge for the Managed Care Organization of America is the unclear policies in the Hospital Equipment Management Program. This executive summary offers a proposal whereby the healthcare professionals would develop and monitor a two-way communication channel and incorporate it into the Hospital Equipment Management Program, hold related workshops that can be attended by the Director of Hospital Operations and the division managers, build a cooperation team that unites operational goals and develop systems that evaluate whether these operational goals are being met and implemented...
Words: 6584 - Pages: 27
...global business environment, managers require the latest analytical and decision-support tools to cope with market complexity, regulatory change and pervasive uncertainty. For companies, the most valuable tools are those woven into the fabric of day-to-day business activities: forecasting trends, sizing markets, benchmarking practices, assessing risks, and quantifying results. INTRODUCTION Strategic analysis as an independent object of scientific study has been dealt with but insufficiently (Vaitkevičius et al., 2002). It has been reviewed, however, by comparatively numerous authors. It may be stated that some authors assigned more functions to strategic analysis (Lindblom, 1959); Cyert and March, 1963; Hammeresh et al., 1978; Porter, 1980; Stoner and Fry, 1987; Johnson and Scholes, 1993; Rowe et al., 1994; Grant, 1998; Peel et al., 1996; Godet, 2000; Barnes, 2002; Analoui and Karami, 2003; Eng, 2004; McNamee et al., 2004), others much fewer (Clark and Scott, 1995; Clark, 1997). All these authors, however, state that strategic analysis is an essential element in forming the strategy of the organization. Kaye and Dyason (1998) proved that if preliminary strategic analysis is missing, the organizations start implementing their strategy without having a clear set of goals. As early as 1980, Eilon marked...
Words: 2965 - Pages: 12
...can be dispensed in a number of verticals including: management, accounting, environmental, taxation, engineering, and many more. There are a number of consulting firms that provide specialized or generalist advice according to their client’s needs and profession. Such consulting firms that have a global presence include the following: Deloitte, KPMG, Ernest & Young, Price Waterhouse, Accenture, IBM. Due to constraints, this assignment will focus on Deloitte as the competition within the consulting industry. The company that I am President is HR One Consulting, Inc., (HR One) which provides human resources (hr) consulting services for the technology industries predominately located in Ontario. The company has provided consulting services for clients in other countries such as Israel, United States, and Switzerland and catered to additional industries such as: retail, financial, telecommunications, media, manufacturing, engineering, distribution, government, healthcare and many more. Our company’s vision, mission and value statement is as follows: Our Mission To contribute in understanding and realization of human capital as a powerful tool for achieving business goals and increasing business efficiency Our Vision To be recognized for excellence in providing high quality HR services and recruitment solutions to our clients that contribute to the clients’ business efficiency and overall economic stability in Ontario Province. Our Values Our...
Words: 2696 - Pages: 11
...Introduction United Healthcare comes under UnitedHealth Group, the largest healthcare industry in United States. It was established in the year 1977. United healthcare’s goal is to provide quality healthcare to all its members and better serve all the users (physicians, members, employers) with better functionality (tools, services, health benefit plans etc). Strategy Information Systems plays an important role in United Healthcare, as a implementer of business strategy and source strategic advantage/resource. The striving effort of United HealthCare is to provide public with better tools, services and products by conducting innovative research that improves the quality of healthcare and admits to user needs. United Healthcare mainly focuses on delivering quality of health care to its customers. UHC came up with a new strategy called Bridge2Health; an integrated approach which helps users to gain better health. This approach allows the physicians to know more about the member’s health information which helps them to take better decision and provides appropriate guidance. UHC started a new program which assists users in searching for physicians and hospitals depending on their specialization and rating; this reduces users time and cost. The program was mainly established to support users from not being wrongly diagnosed with poor quality care. It consists of “712,622 health care professional (physicians), 5,594 hospitals and 64,000 pharmacies [1]”. This large network allows...
Words: 1359 - Pages: 6
...Strategic Issues - 10% | A. SHORT CASE STUDY 1 | 5% | B. SHORT CASE STUDY 2 | 5% | | 2. MID SEM EXAM - 20% | A. EXAM 1 | 10% | B. EXAM 2 | 10% | | 3. PROJECT REPORT / STRATEGIC AUDIT (GROUP ASSIGNMENT)- 20% | You are required to select Malaysia’s company in beauty and healthcare or restaurant chain industry.Please provide the information and do the analyses as follows: 1. Identify strategic issues or problems appear in organization’s current situation. 2. Analyze a company's internal and external environment and identify strategic long-term direction, its resources and competitive capabilities for crafting an appropriate strategy. You can analyze the strategic audit by analyzing the company’s internal and external forces as suggested below:Internal Forces: a) Company’s name b) Company’s type and the industry c) Vision, Mission, Objectives and Strategies – You are required to analyze a vision, mission and objectives of the organization and please discuss whether these statements fit with company’s stated strategies. d) The list of BOD e) The list of Top Management Team f) Organizational Structure – Please discuss the type of structure – is it relevant with current business operation? External Forces: a) Please analyze PESTE (Politic, Economy, Social-cultural, Technology, ecology which indirectly influence the related industry. b) Please analyze 5 Forces by Michael Porter. 3. Propose the best strategy/ strategic options/...
Words: 309 - Pages: 2
...analysis industry & market Drug wholesalers independant retailers retail chains government agencies hospitals patients GSK is diversified in areas such as vaccines, generics, biologics, consumer health and nutrition. Pharmaceutical industry €665 bn value, world largest industry R&D champion Major employer Influential lobby 10-15 years to develop a drug €1,17 bn cost of research & development, €105.00bn spent on R&D in 2012 in industry 1 to 2 of 10,000 substances pass all stages and become marketable macro analysis steeplec Society Technology Economy Environment Politics Legislation Ethic Competition fast growing aging & wealthier population rising urbanisation increase in unhealthy lifestyles & obesity opportunities opened up by scientific advances strong growth in emerging markets / Heavy political focus on healthcare as core state responsibility intellectual property protection / 3D printed drugs cyborgs rise new diseases category increased patient awareness & interest in natural medicines growing acceptance of generics shrinking working population falling R&D productivity increasing R&D expenses debt crisis in Europe reduction in individual disposable income volatility in emerging markets weak prospects in mature market increased regulation of drug manufacturing healthcare systems in debt efforts to cut back healthcare spending ...
Words: 321 - Pages: 2
...nurses should play in a changing healthcare system, as the new legislative reforms are phased in over the next decade. The report contains three key messages related to nursing. The key messages that the IOM recommends are for transforming nursing practice, transforming nursing education, and nursing leadership. I will be discussing the impact of the report on the above mentioned key messages. I also will look at how this report will impact or change the way I practice nursing today to meet there stated goals. Professional Development of Nursing Professionals Impact on Nursing Education In order to give quality, safe and effective care, we as nurses must be up to date on the current practices and continue with our education. By continuing our education, we can ensure that we, as nurses, are up to date on the latest medical treatments, medications, and infectious diseases. “The primary goals of nursing education remain the same: nurses must be prepared to meet diverse patients’ needs; function as leaders” (Committee on the Robert Wood Johnson Foundation Initiative on the Future of Nursing, 2011, p. 164). Patient care has become more complex over the years with all the new technology that is out there. Nurses are required to make very critical decisions for sicker patients. The American population is older now with Americans 65 and older being nearly 20 percent of the population by 2030. The IOM suggests that if the nursing force that was made up of all BSN’s would...
Words: 1125 - Pages: 5
...the case study, a 350 bed not for profit supplier of surgical and medical services, Scarlett Hospital was presented with a dilemma of losing patients. The improvements in infrastructure of transportation have sourced the Scarlett Hospital top executives to reflect on the effect of a construction of new highway might have on the facility. Easy admission to the larger Salem city and its institutions of healthcare fetches the risk of prospective consumer’s loss to Scarlett Hospital. CEO and the president of Scarlett Hospital, Timothy Rogers is endowed with the decision making of discovering finest strategy for the Scarlett hospital to continue being competitive with the bigger facilities in Salem. Timothy Rogers believes his beliefs to convey the utmost medical care quality will carry on helping Scarlett Hospital contend in the additional competitive surroundings. For 14 years Timothy Rogers has been working with Scarlett Hospital proceeding to the merger amid two contending hospitals. With having earlier experience countenancing challenges from additional institutions of healthcare, I believe Scarlett Hospital and Mr. Rogers are prepared to contend with the additional effortlessly accessible Salem institutions. Complacency Complacency relates to self-satisfaction particularly when escorted by ignorance of real danger or deficiencies; it can be a case of typically uninformed or unaware self-satisfaction. When tackling with complacency, the pitch habitually place by irritated...
Words: 1584 - Pages: 7
... It owns the cholesterol - lowering drug Lipitor, which brings in approximately quarter of its revenue and was the best-selling medicine in the world in 2009. Pfizer founded in 1849 by Charles Pfizer . The company started its activities in the pharmaceutical industry throughout the world with many companies, including acquisitions and mergers like Warner - Lambert in 2000 Farmsya in 2003 and White in 2009, noted that the company's cost of $ 68 billion in achieved in 2009.[ http://www.nytimes.com/2009/01/26/business/26drug.html] 1- External analysis PESTLE is part of companies’ external analysis and is a part of companies’ strategic analysis (Political Legal Economical Environmental Social Technological analysis).It helps in understanding the companies’ external factors which influence the development of the company. 1.1- Political and legal : In healthcare system and pharmaceutical industry the political factors are importance. The United States pharmaceutical industry does differently than many other national industries. Consumers and patients do not pay for their drugs directly, but receive them through government run healthcare systems. Regarding the U.S. market the change in healthcare industry will extend services and insurance coverage to a larger part of the population (Financial report, 2010)....
Words: 2504 - Pages: 11
...advantage. He wanted that memo so that he could include it in the documentation he would use to justify the expense to his manager. The knowledge presented in this chapter will help her write that memo. An optional Extension for this chapter is CE3, “Knowledge Management and Expert Systems.” Study Questions Q1 Q2 Q3 Q4 Q5 Q6 How does organizational strategy determine information systems structure? What five forces determine industry structure? What is competitive strategy? What is a value chain? How do value chains determine business processes and information systems? How do information systems provide competitive advantages? How does the knowledge in this chapter help Dee and you? 37 38 Chapter 3 Organizational Strategy, Information Systems, and Competitive Advantage Industry Structure New Vendors Competitive Strategy Value Chains Business Processes Information Systems Threat of new entrants Lowest cost across the industry Customers Better product/service across the industry Better product/service within an industry segment Firm Infrastructure Support Activities Human Resources Technology Development Procurement Margin ItemsSold QuantitySold QuantityOnHand Inventory Database QuantityReceived Purchasing Hardware PurchaseOrder Software Data Procedures People Suppliers Bargaining power of suppliers Rivalry Bargaining power of customers ItemsReceived...
Words: 8410 - Pages: 34
...develop a list of diverse variables from an uncertain and complex world to offer actionable responses and in so doing allow a structured framework for defensive or offensive actions. The Pharmaceutical Industry environment is an ethical drugs industry aimed at providing beneficial products and services for human consumptions as well as chemical medicaments and biotechnology. The 21st century has brought about changes within the pharmaceutical industry. The pharmaceutical industry today is highly competitive non-assembled global industry. To define the non-assembled aspect of the industry is where manufactures components parts or materials are relied on for example glass, woodwork and chemicals. It was in the sixties and seventies that the pharmaceutical industry was to expand rapidly as it was a period referred to as the spending boom. Research and development (R and D) was also a major investment and trust which was provided for Universities and education institutions. Pencillin which was the major discovery in the pharmaceutical industry in the 40’s, which led to research and development in the 50’s becoming firmly established in the industry the seventies, saw many remarkable changes within the pharmaceutical industry with tighter regulatory controls being enforced within the industry. This could be seen in the way generics were to be manufactured, generics are medicines that are manufactured after patent expiry date by...
Words: 2317 - Pages: 10
...A critical analysis of AstraZeneca plc.’s shareholder wealth creation in the five-year period from 2010-15 * Xiaoyu Zhang August 2016 MSC in Accounting and Financial Management Global Pharmaceutical Industry Overview Pharmaceutical industry is closely bound up with people’s living standard, which also correlates general economic and deserves thoroughly research and analysis. Due to favorable demographic trends and significant unmet medical needs, the pharmaceutical industry is expected to enjoy long-term growth. According to the research conducted by AstraZeneca, there is 9.5% growth in 2015 of global pharmaceutical sales (AZ annual report 2015, p12). The number of people accessing healthcare is increasing, as is healthcare spending, particularly by the elderly. For example, WHO estimated that, by 2050, the world’s population aged 60 years and older is expected to total two billion, up from 900 million in 2015 and that, by then, 80% of all older people will live in low- and middle-income countries. Emerging markets are expected to continue to boost pharmaceutical growth. Furthermore, the increasing threat of non-communicable diseases (NCDs), such as cancer and cardiovascular, metabolic and respiratory diseases, has killed tens of millions of people. It is estimated that NCDs kill 38 million people each year and especially affect low- and middle-income countries where nearly three-quarters of these deaths occur (WHO, 2011). As reported, NCDs are often associated...
Words: 5872 - Pages: 24
...Starbucks past and current situation and future position of this largely successful company. The analysis uses Michael five forces analysis, Starbucks’ Original Generic Strategy, Company success factor, SWOT, PEST and recommendation for future that Starbucks can organised Reward program Organised, Becoming more Environment Friendly, CD Burning, Install free wireless internet and Rent out meeting space, Increase connection with customers, Continually improve the coffee. At last conclusion and i use book of Michal Porter and some others and electronic articles and websites. Index |No. |Index |Page No. | |1. |Executive Summery |2 | |2. |Introduction of the company |4 | |3. |Porters five force analysis (Past) |5 | |4. |Starbucks’ Original Generic Strategy (Past) |8 | |5. |Starbucks’ Success Factors...
Words: 5074 - Pages: 21
...Strategic Plan Critique Kern County Children and Families Commission Healthcare 634 - Strategic Plan Critique The Kern County Children and Families Commission (KCCFC) is one of many organizations created in response to the passage of Proposition 10 (The California Children and Families Act) in 1999. This proposition provides funding for efforts to provide all children, prenatal to five years, with a comprehensive system of early childhood developmental services. KCCFC created an initial strategic plan in 1999-2000, and has updated the plan twice on an annual basis. This critique reviews the second update which is dated September 4, 2002. The Executive Director and the board members were involved, along with representatives from the communities and the service providers. Community meetings were held to gather more input, and surveys were also given to service providers. A strategic planning workshop was held involving 65 people to develop a list of “issues, program areas, and objectives.” Vision and Mission Statements Strategic intent is defined as a “Big, Hairy, Audacious Goal” (Collins and Porras, 1996) that goes beyond the scope of a strategic plan for the next few years to a long-term goal that may take decades to reach. For KCCFC, the strategic intent is summed up in its vision statement: “[that] all Kern County children are born and thrive in supportive, safe, and loving homes and neighborhoods. They enter school...
Words: 1821 - Pages: 8
