If Barriers were not put in place the market could have been strongly overtaken and had a monopoly and caused a negative effect for consumers and creating a never-ending surplus of revenue to these two top companies. There are two firms involved in this merger; Grifols and Talecris. In this merger, Grifols’ proposes to acquire Talecris. Let’s take a look at each firm. According to Grifols (2011), they are a global healthcare company which produces life-saving protein therapies for patients and tools to the healthcare industry.
Article Review: “Disruptive Innovations that Will Change Your Life in Healthcare” Problem or issue that necessitates written article: The article addresses the setting in 1960 of which two Harvard business school professors thought to bring about the increasing of the rising cost of healthcare issue that was becoming the main focus in the United States. However the professors want to present the issue with the idea of utilizing disruptive technologies and innovations in the health industry. The strategies or techniques used to solve the problem/address the issue: These professors executed the disruptive technologies and innovations to market the products that are much more affordable and in the end much higher in quality which would express an answer to the cost issue of health care. The continuous issue of affordability and access to great care are issues that these professors believe can be resolved through the above-mentioned technique. The use of the disruptive innovations is the key to ushering in affordable health care.
Case 15: Johnson & Johnson Case Summary Johnson & Johnson announced the $1.1 billion acquisition of Mentor Corporation, a leading supplier of medical products for the global aesthetic market. The company is the pioneered who get into the cosmetic medicine market with the launch of its injectable wrinkle-filler Evolence. The company used acquisition as a strategy to grow. The biggest acquisition was the bought of Pfizer, the consumer health unit for $16.6 billion. According to company’s CEO, William C.Weldon it is getting much harder for J&J to spot smaller firms with promising drugs and to avoid running up against other firms that want to make the same kinds of deals.
These two often contradictory forces greatly influenced HeLa related research. The research first involved with HeLa was mostly altruistic. However as time moved on and scientists became more familiar with the HeLa cells, the research for HeLa became more profit influenced (Skloot 2010). In 1951, a black woman named Henrietta Lacks was diagnosed with cervical cancer. Her cells were taken without her knowledge and grown in a laboratory by George Gey.
Although the company has several strengths it also has its weaknesses, such as low contribution of large case pension segments and overdependence on the US market. Inefficient cost structure is also a disadvantage of the organization. Since Aetna is one of the largest health insurance competitors it has several opportunities The company has the opportunity to expand medical business and explore universal health care. This will also enable them to retain a positive outlook for their global life and health insurance market. Aetna also has been afforded the opportunity to launch a line of new products and service offering as well as invest in mobile solutions.
In term of politic that will affecting the 99 Speedmart is government policy. This is because the government policy gives opportunities for growth and profit an attractive manufacturing and export base in the region. Government commits to maintain the business environment that providing companies with the opportunities for growth and profit. However the changes in government policies may either affect positively or negatively. In negatively of the government policy is they can block business operations such as finance, marketing, or property and automatically it become risk for 99 Speedmart businesses.
Good corporate culture should have the ability to increase cohesion within the company, make executives and employees form the unified goal to promote development of the company. The case is begin with the events that lead to AIG’s downfall, stating the influence of AIG’s corporate culture. Then it illustrates AIG’s affairs happened before downfall, bringing out its ethical issues. And the end of the case, it states how the government help AIG to avoid bankruptcy. The company involved itself in bad mortgage lending by financial institutions that did not have sufficient capital to cover the loans, which in turn had bought this type of insurance from AIG that created an unstable financial environment.
The main similarity that both articles highlight is the topic of morals. “What is morally correct?” I can imagine if they could sit down to talk about their work they would come to a common ground in their beliefs. Steve Buist’s article highlights the unethical behavior between researchers and companies that fund researches, and how these behaviors can be improved. “Improving the transparency around the financial relationships between researchers and companies is one way to deal with the potential conflicts of interest that can arise” (Buist, S., 2012). One such example is the “most reputable scientific journals, such as the New England Journal of Medicine, now require the authors of scientific papers to make detailed disclosure of their commercial financial relationships as a prerequisite for publication” (Buist, S., 2012).
It is possible for John to be penalized or he could lose his employment with the company. The Sycamore Pharmaceuticals will get a legal actions called to them for the immoral actions and again Blake may lose his job or at least not receive a bonus at the end of the year. Although the benefits for being honest and informing the FDA about all that he knows about the drug they are promoting should give him a good piece of mind and it will also show people that he is a good and moral person. “Workforce participation is a key feature of public mental health and social inclusion policies across the globe, and often a therapeutic goal in treatment settings”. (Olesen, S. C.,) Together with the mental health that will come from being a good individual Blake should not have a problem getting a new position with a new company if Sycamore Pharmaceuticals decided to let him go or he could just decide to walk out on his own.
Pfizer built its empire in drug manufacturing and invested billions of dollars in research and development on health medicines. Pfizer’s management encountered some problems when some of their popular drugs were subjected to government’s health regulations due to some side-effects. Some of its drugs were also suspended to be sold in the market by the Food and Drug Administrations (FDA). The entry of generic dugs in the market added to the sorrow of Pfizer’s management since generic drugs were less expensive compared to branded medicines such as those manufactured by Pfizer and other leading drug manufacturers. The rapid growth of managed care organizations (MCOs) in the United States also posed another problem for Pfizer since MCOs preferred cheaper drugs for their patients.