Pharmaceutical Industry Essays


Glaxosmithkline and Porters Five Forces

resources and competencies so as to achieve and maintain a leading position in the pharmaceutical industry, both in the United Kingdom as well as around the world. Of course, GSK cannot become lackadaisical or otherwise complacent because this would endanger their status as an elite pharmaceutical firm. Profit from the Use of Five Forces Before getting into the nuts and bolts of what makes GSK an elite firm as it relates a Porter's Five Forces, it would perhaps be wise to define and review what those forces are and how they work. This will help to focus later in… Continue Reading...

Team America Surveillance and Espionage

pretense of security in some way, even medical security. For example, the healthcare industry in conjunction with the pharmaceutical industry might claim that an implant for every American would save lives because it would mean that the person's health and blood could be monitored at all times to prevent illnesses and disease. Or, the marketing companies might claim that the implant would make it so that a person would never again get robbed because all their money would be stored digitally and accessed through the chip. Whatever the technology is designed to be for, the government can also infiltrate… Continue Reading...

Types Of Information Systems for Startup Business

(1997). A production information system, an application in the pharmaceutical industry. Computers & industrial engineering, 33(1), 15-18. LaValle, S., Lesser, E., Shockley, R., Hopkins, M. S., & Kruschwitz, N. (2011). Big data, analytics and the path from insights to value. MIT sloan management review, 52(2), 21. McGuire, T., Manyika, J., & Chui, M. (2012). Why big data is the new competitive advantage. Ivey Business Journal, 76(4), 1-4. Nowduri, S. & Al-Dossary, S. (2012). Management information systems and its support to sustainable small and medium enterprises. International Journal of Business and Management, 7(19), 125. Shim, J. K. (2000). Information systems… Continue Reading...

Business News from Around the World

Business News Analysis Thomas (2017) reports that President Trump is urging the pharmaceutical industry to lower its prices on drugs sold in the market. As an incentive to lowering prices, Trump has pledged to "ease rules" -- i.e., deregulate the industry substantially. As much of the time and money that goes into producing a drug for market consists of testing and reporting to the FDA, this pledge by the White House is one that could enable drug manufacturers to feel inclined to lowering prices, as their overhead would also dwindle should regulation become less stringent.… Continue Reading...

Ethics and Corporate Social Responsibility Csr

social and environmental pursuits. Finally, government agencies constitute a vital stakeholder group as the pharmaceutical industry is one of the most regulated industries. In addition to generally applicable regulations such as tax, employment, competition, and corruption regulations, pharmaceutical firms are subject to product safety and environmental regulations. Without adherence to all the relevant government regulations, the firm may be subject to costly litigations. WCH and Human Rights Issues As mentioned earlier, workers comprise one of the most important stakeholder groups for WCH. In its Colberian operations, the company subjects local workers to inhumane working conditions. The company pays local… Continue Reading...

Ethical and Legal Considerations Intellectual Property and Product Safety

L. (2013). The politics and strategy of industry self-regulation: the pharmaceutical industry's principles for ethical direct-to-consumer advertising as a deceptive blocking strategy. Journal of health politics, policy, and law, 38(3), 505-544. Schlegelmilch, B. B., & Oberseder, M. (2010). Half a century of marketing ethics: Shifting perspectives and emerging trends. Journal of Business Ethics,93(1), 1-19. Tu, J.I. (2013). Microsoft security unit files first theft case. The Seattle Times. Retrieved August 30, 2015, from http://www.seattletimes.com/business/microsoft-security-unit-files-first-theft-case/. Ventola, C. L. (2011). Direct-to-consumer pharmaceutical advertising: therapeutic or toxic? Pharmacy and Therapeutics, 36(10), 669. Continue Reading...

Holding Differing Opinions on Value

across to the employees was that they wanted to increase their market share in the American pharmaceutical industry. After interviewing the employees, it was clear that they do not see this as a sufficient reason. They later came together to form a group with their aim being to "add to the balance of life." They carried out widespread advertisement, a public movement to discover and register important opinion personalities to their cause as well as services ranging from "balanced" work lunches for all workers to massages at their desks. The group grew and became very large that it started… Continue Reading...

Genentech Book Analysis Business Science

covered in Genentech is intellectual property, which is a major concern for the pharmaceutical industry, which eventually became heavily and inextricably entrenched in genetic science. Hughes also covers the theme of ethics: especially the conflicts of interest that can arise between the altruistic aims of academia and applied science and the commercial goals of a profit-driven enterprise. Hughes offers an overview and history of the firm, which was created in 1976 by Herbert Boyer and Robert Swanson. In fact, the partnership between Boyer and Swanson is one of the main reasons for the success of Genentech. Boyer was the… Continue Reading...

New Jim Crow Essay

 say that “some” drugs are criminalized because certainly the pharmaceutical industry would be up in arms if the federal government ever tried to regulate fentanyl (a schedule 2 narcotic) the way it regulates marijuana (laughably a schedule 1 narcotic).  The War is meant to oppress, plain and simple. My thoughts on this topic before reading NJC were already passionate.  I’ve read many articles and works on the prison industrial complex and I view it as an abomination to human decency.  After reading NJC, I am struck even more by the injustice of the system.  The most memorable aspects of… Continue Reading...

Economic Analysis Of Supply and Market Structure Of Healthcare Industry

at $2.6 billion. But that research was supported by the pharmaceutical industry, and the estimate has been questioned” (Wapner, 2017). Price determination for prescription drugs remains a massively complicated issue. That’s because within the realm of prescription drugs, there is both pricing and reimbursement. Drugs essentially have a range of different prices: the first one is the list price that originates from the manufacturing company. Many people don’t even pay the list price, but this theoretical price essentially serves as the foundation for later calculations (Wapner, 2017). Reimbursement is the amount the insurer pays for a particular drug: “Typically, depending… Continue Reading...

Health Care and Transparency Issues

up the door on the connection between industries—such as the pharmaceutical industry and the healthcare industry. This level of transparency is certainly warranted, what with the opioid epidemic washing across the U.S. Drugs like fentanyl, which are manufactured by Big Pharma and then promoted by doctors for patient use, are highly addicted—some 40x more powerful than heroin. Instead of patients simply accepting the recommendation of doctors on what drugs to take, they should be given a transparency report that describes the care providers’ interactions with the pharmaceutical industry and what kind of incentives doctors are being given to promote… Continue Reading...

Fragmentation in the Health Care System

to this concept of healing. They are distrustful of the pharmaceutical industry in general and feel that the industry has betrayed patients and helped to create the opioid epidemic currently sweeping across the nation. Some studies are out that indicate as much (Califf, Woodcock & Ostroff, 2016). However, there is not enough statistical data available to justify or to show empirically that homeopathic approaches to healing are appropriate or that they are effective in treating specific symptoms. Therefore, as Vickers (2000) points out, too many homeopathic studies published have little statistical value. For example, I have a family member… Continue Reading...

Direct to Consumer Marketing

by Arnold and Oakley (2013) to understand what the issues are how the pharmaceutical industry’s principles for ethical direct-to-consumer advertising actually serve as a deceptive blocking strategy that keeps regulators at bay. Ethics of Direct to Consumer Advertising for Healthcare Products As Arnold and Oakley (2013) note, “companies in the health care industry enhance or harm the well-being of nearly all citizens in industrialized nations” (p. 505). In other words, they can go either way—either towards the betterment of the population or towards the detriment of the population. The main factor that will determine which way companies will go… Continue Reading...

Pharmaceutical Companies and Physicians Appropriate Relationships

(2011). Shortell and Kaluzny's healthcare management. Clifton Park, NY: Delmar. Kshirsagar, R., & Vu, P. (2016, April 5). The pharmaceutical industry's Role in U.S. Medical Education. Retrieved from http://in-training.org/drugged-greed-pharmaceutical-industrys-role-us-medical-education-10639 Rathke, L. (2017, December 30). Access denied | www.pressherald.com used Cloudflare to restrict access. Retrieved from https://www.pressherald.com/2017/12/30/vermont-sees-six-year-surge-in-opioid-related-overdoses/ Continue Reading...

Company Strategy Merck Versus Pfizer

Q1.Why has the attractiveness of the pharmaceutical industry declined so much since the 1980’s? What are the implications of those changes in industry structure for firm strategy? Despite the tremendous profits garnered by large pharmaceutical companies for so-called blockbuster drugs, pharmaceutical companies must make huge investments in R&D to produce profitable medications. The vast majority of drugs which are developed and tested never go to market. Additionally, once companies produce valuable drugs, they have a limited window on which to capitalize upon a drug’s profitability before its compounds can be sold in the form of a… Continue Reading...

Nationwide Marijuana Legalization

source of health care to that which is provided by the pharmaceutical industry.  Big Pharma is responsible for the opioid epidemic devastating lives today.  Marijuana is a naturally occurring plant that people have used responsibly for thousands of years.  It is time to take back control of the lives of people and legalize marijuana.  This proposal explains why that would be beneficial and how the government can take action now. Introduction (Purpose and Problem) Marijuana has been legalized by many different states in recent years.  However, it still remains a schedule 1 narcotic according to the federal government, which… Continue Reading...

Health Care Policy Change

light of the escalating cost of healthcare it is important to have a standard policy regulating the pharmaceutical industry in order to make sure that drugs are not overpriced. The World Health Organization should engage every nation on Earth through global healthcare forums with an intention of coming up with standard commercial policies regulating the healthcare industry. With regulation defining the capping and limitations on the amount of profits that the pharmaceutical industry is allowed to make then there is a good chance that the cost of healthcare will be containable. • Agenda setting strategies (Process by which your… Continue Reading...

Opioid Crisis in the United States

musculoskeletal conditions (Roth & Burgess, 2017). In addition, the pharmaceutical industry also began actively lobbying health care organizations and clinicians during the last 1990s concerning the efficacy of strong opioids for a wide range of painful conditions (Opioid overdose crisis, 2019). In addition, the pharmaceutical industry’s lobbying efforts also included reassurances to the health care community that patients would not become addicted to these drugs. Not surprisingly, the rate of prescribing opioids began to skyrocket during this period, and it has only been recently that greater attention has been paid to the dangers of these drugs for patients of… Continue Reading...

Why Marijuana Should Be Legalized

The only reason it was outlawed was because it was the main competition of the pharmaceutical industry and the industrial barons did not like that hemp basically meant their oil had one less utility. By getting hemp out of the way the oil barons were able to push petroleum on the market to fill the gap. In America it has always been about business—but nowadays Americans are more interested in what works and in what is best for them: and that is weed. Works Cited Barber, Elizabeth Jane Wayland. Prehistoric textiles: the development of cloth in the Neolithic and Bronze… Continue Reading...