Analysis Of Big Pharma s Power Over Congress - 1883 Words

Even if reference pricing when brought to market did work effectively without stifling innovation, the process of creating a new act to instate a reference pricing law would be far too long and drawn out to make such a risk worthwhile. Just getting such a bill to the point where Congress would vote on it would be a long and winding road of pushing the bill through committees and rewriting parts of it to get the house and senate to even consider passing it, likely taking close to a year if successful. And even getting to the voting stage, such a bill would have a very low chance of passing through Congress. This is because, as Mundy states, â€Å"Big Pharma’s power over lawmakers in both parties,† makes it extremely difficult for such a bold†¦show more content†¦It, as stated earlier, has many of the same traits that commonly posed solutions like reference pricing do. But it takes what these solutions have and expands upon it, by encouraging innovation rather t han stifling it and offering the important power bestowed to Congress to march-in when not properly enforced. Although stated in the act that Congress may march-in when the guidelines of the act are not being followed (as they aren’t), the government has never once exercised its right to march in, and there only has been â€Å"five attempts (petitions from patients, advocacy groups, or corporations) to get the government to invoke march-in† rights (Mundy). Also, â€Å"Bayh-Dole has never been publicly discussed by any administration† so far (Arno and Davis). The lack of action by Congress can be attributed to pharmaceutical company’s hold on Congress as mentioned earlier, and the lack of public knowledge or push for the act. With only five attempts by the public to get Congress to march-in and not many institutions really talking about the Bayh-Dole Act, it’s no wonder not much has been done. If more attention were brought to the Bayh-Dole Act thro ugh petitions and focus groups as Mundy discusses, Congress could be more eager to exercise their march-in rights. Also, if more government agencies such as the National Institute of Heath talked about the Bayh-Dole Act and itsShow MoreRelatedMergers and Acquisitions in the Pharmaceutical Sector Since the Last 10years to Cope with the Mutations of This Sector.7658 Words   |  31 Pagestypes of mergers in the pharmaceutical industry 3.2 Mergers and acquisitions process 3.3 Main strategic reasons a) Financial reasons b) Offensive reasons c) Defensive reasons d) Other reasons 4. The example of Pfizer’s take-over on Wyeth p.19 Conclusion p20 References p23 During the first two years of my studies, the international marketing file represents a determining exercise of our business training. IndeedRead MorePharmaceutical Industry Ethical Practices13569 Words   |  55 Pageswhich help us in improving this report. Thought-provoking and sometimes extraordinary, the ideas discussed in this report can lead to more discussions or trigger the thinking process of many people. This would serve the purpose of the research and analysis on the Pharmaceutical Marketing. And in the end, we would also like to thank our course instructor Ms. Tania Danish for assigning us an interesting project and guiding us at every step of this report. Preface This report is produced with theRead MoreFair Lovely - Analysis Based on Principles of Marketting7156 Words   |  29 Pageshave been done on this product suggests that it is a very interesting topic/product to apply and understand the concepts of marketing. Hence, we still decided to pursue with this product as we believe we shall be able to portray a perspective and analysis that is different. Define the Product /competitor Fair amp; Lovely – Fairness cream and associate brand products. Company – Hindustan Unilever Ltd. (Formerly HLL) History of the product Scientists at the Unilever Research Laboratories inRead MoreDarden Mba Resumes16768 Words   |  68 PagesManagement Club Charlottesville, VA Nanyang Technological University Singapore Bachelor of Engineering (Computer Engineering) and Minor in Business, June 2006 ï‚ · Awarded full scholarship (among top 50 from over 10,000 candidates) ï‚ · Received First Class Honors (top degree distinction, GPA: 3.95). Dean s list holder (among top 5%) ï‚ · President of NTU Apex Club (premier club for computer programming enthusiasts); spearheaded initiative to extend training from top programmers to entire student populationRead MoreMm-Chapter 1-3 Dawn Iacobucci17854 Words   |  72 Pagesto study how and when you want CourseMate includes online study tools, an Interactive Marketing Plan, and set of Analytical Tools $79.95 US Suggested Retail Price ISBN-13: 978-0-538-48134-2 ISBN-10: 0-538-48134-X 90000 2 9 780538 481342 S T U D E N T T E S T E D , F A C U LT Y A P P R O V E D THE MEET SHOW PROCESS ARE WE LISTENING? Reach out to students to understand their learning preferences and motivations for taking a course. Students in the Marketing Management course wanted an approachRead MoreMarketing Mistakes and Successes175322 Words   |  702 PagesDepartment, John Wiley Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, (201)748-6011, fax (201)748-6008, website http://www.wiley.com/go/permissions. To order books or for customer service please, call 1-800-CALL WILEY (225-5945). Library of Congress Cataloging in Publication Data Hartley, Robert F., 1927Marketing mistakes and successes/Robert F. Hartley. —11th ed. p. cm. Includes index. ISBN 978-0-470-16981-0 (pbk.) 1. Marketing—United States—Case studies. I. Title. HF5415.1.H37 2009 Read MoreBusiness Journalism in India26104 Words   |  105 Pagesjunkets, five star attractions and need to resist them 7 Magazine journalism: The Indian scene, eclipse of the general interest magazines, (5) stagnation of news magazines, scope for special interest magazines. The role of the consumers purchasing power more important than editorial content 8 Magazines during post emergency boom Success of ‘India Today’. How can magazines (5) compete with the challenge posed by TV which now covers sports, celebrities, life style, news and business. How to findRead MoreInternational Management67196 Words   |  269 PagesGoodshoot/PunchStock Media Project Manager: Balaji Sundararaman Compositor: Aptara ®, Inc. Typeface: 10/12 Times Roman Printer: Quad/Graphics All credits appearing on page or at the end of the book are considered to be an extension of the copyright page. Library of Congress Cataloging-in-Publication Data Luthans, Fred. International management : culture, strategy, and behavior / Fred Luthans, Jonathan P. Doh.—8th ed. p. cm. Rev. ed. of: International management / Richard M. Hodgetts, Fred Luthans, Jonathan Doh. 6thRead MoreFinancial Analysis of General Electric98175 Words   |  393 Pages8 9.5 2008 2009 2010 2011 $85B FINANCIAL FLEXIBILITY GE had $85 billion of cash and equivalents at year-end 2011. 70% DIVIDEND INCREASES GE announced two dividend increases in 2011 following two increases in 2010: a total 70% increase over the two years. 12.5 11.3 14.1 13.0 CASH FLOW FROM OPERATING ACTIVITIES (CFOA) (In $ billions) 2007 23.3 GECS Dividend 16.0 Industrial CFOA 19.1 16.4 16.8 14.7 2008 2009 2010 18% INTERNATIONAL GROWTH 2011 $18B U.S. EXPORTS InternationalRead MoreImpacts of Information Technology on Individuals, Organizations and Societies21097 Words   |  85 PagesWill humans benefit from the new capabilities of information technology, or will they be harmed by machines playing more and more prominent roles in the society? Who will investigate the costs and risks of technologies? Will society have any control over the decisions to deploy technology? 665 666 Chapter 17 Impacts of IT on Individuals, Organizations, and Society This chapter will discuss several major themes that can be identified among the countless effects of information technology.We will discuss

Essay on The Immortal Villain of Washington Square

The Immortal Villain of Washington Square In Washington Square, Henry James confronts us with an exceptionally hopeless kind of tragedy. The oppressive circumstances of protagonists usually arise from failures of individual or social enlightenment. Such stories are optimistic to the extent that they suggest that progress might eventually lift mankind beyond the scope of the type of situations depicted. In Washington Square, however, truth itself is the oppressor -- a universal truth of human nature which, a century after publication, we are still loath to recognize. Catherines tragedy is our universal susceptibility to the superficial: the chasm between the qualities that our reflective sensibilities recognize as good and†¦show more content†¦In The House of Mirth, Lily Bart, following a role comparable to Morris Townsends, has been conditioned since infancy in a way that has left her incapable of unlocking from a track that leads only to deplorable destinations. (At the same time, this genius of sympathetic percept ion remains insensible to Seldens potentially redeeming love.) Catherine Slopers timeless plight is of a more dismal tincture. She is, in her fathers words, absolutely unattractive (p. 35). She is twenty(1), yet has never before, as the doctor points out to Mrs. Almond, received suitors in the house. Mrs. Almonds protestations that Catherine is not unappealing are little more than a matter of form: Is he in earnest about Catherine, then? [Dr. Sloper asked.] I dont see why you should be incredulous, said Mrs. Almond. It seems to me that you have never done Catherine justice. You must remember that she has the prospect of thirty thousand a year. The Doctor looked at his sister a moment, and then, with the slightest touch of bitterness: -- You at least appreciate her, he said. Mrs. Almond blushed. (P. 34) Mrs. Penniman, for her part, readily perceives that without Catherines full inheritance, Morris would have nothing to enjoy (p. 126), while for Morris himself, CatherinesShow MoreRelatedEssay on Early American History and Traditions of Excellence2607 Words   |  11 Pagescolonists, as they did not have any representation in the British parliament. America declared themselves free in the Declaration of Independence in 1776 and the Revolutionary War officially broke out in 1779. The war lasted until 1784 when George Washington led his troops to victory at the Battle of Yorktown. Upon entering the world as a young country, America encountered both changes and challenges. Following the war, America inflicted its citizens with taxes. As a result of theses taxes, manyRead MoreFounding Brothers9626 Words   |  39 Pagesconvention: interest of small v. large states, federal v. state jurisdiction, and sectional slavery. Nevertheless, still a work-in-progress in 1789, the US had several things going for it. It was youthful, expansive, and the first President, George Washington, was unanimously chosen. The next decade would be the most important in the countrys history. There are two ways to view events in this stage of history. The pure-Republicanism interpretation, or the Jeffersonian interpretation

Relative Density Laboratory Report free essay sample

Experiment 6: Relative Density Laboratory Report Jessica Manansala, Nathaniel Martinez, Maria Pacia, Jeanelle Pedrigal, Miguel Poblete Department of Math and Physics College of Science, University of Santo Tomas Espana, Manila Philippines Abstract The experiment would introduce us to 3 concepts, namely, the definition of relative density, the Archimedes principle and the determination of density by the Archimedes principle. In the first activity, we were tasked with finding the density of a cylinder of a known metal; this was done by submersing the cylinder of metal in a measured amount of water and calculating the displaced water against the measured mass of the cylinder. The next activity required us to compute for the density of a given bone. The bone was first weighed, submersed in water and then weighed again. After which the relative density was then computed. The third activity required us to measure the weights of diet and regular soft drinks and then compute for their density. We will write a custom essay sample on Relative Density Laboratory Report or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Introduction Relative density, or specific gravity, is the ratio of the density (mass of a unit volume) of a substance to the density of a given reference material. Specific gravity usually means relative density with respect to water. The term relative density is often preferred in modern scientific usage. If a substances relative density is less than one then it is less dense than the reference; if greater than 1 then it is denser than the reference. If the relative density is exactly 1 then the densities are equal; that is, equal volumes of the two substances have the same mass. If the reference material is water then a substance with a relative density (or specific gravity) less than 1 will float in water. For example, an ice cube, with a relative density of about 0. 91, will float. A substance with a relative density greater than 1 will sink. [1] Archimedes principle relates buoyancy to displacement. It is named after its discoverer, Archimedes of Syracuse. Archimedes treatise, On floating bodies, proposition 5 states: Any floating object displaces its own weight of fluid. — Archimedes of Syracuse For more general objects, floating and sunken, and in gases as well as liquids (i. e. a fluid), Archimedes principle may be stated thus in terms of forces: Any object, wholly or partially immersed in a fluid, is buoyed up by a force equal to the weight of the fluid displaced by the object. — Archimedes of Syracuse With the clarifications that for a sunken object the volume of displaced fluid is the volume of the object, and for a floating object on a liquid, the weight of the displaced liquid is the weight of the object. More tersely: buoyancy = weight of displaced fluid. [2]

Nikes Cheap Labor

Based on the presented Nike’s Cheap Labor article by Tim Glenn, several ethical issues stand out. Among them is the failure of Nike Shoe Company to uphold the values of what is right and wrong in the society. It was unethical for Nike to allow various unethical practices to be carried out by its subcontractors.Advertising We will write a custom case study sample on Nike’s Cheap Labor specifically for you for only $16.05 $11/page Learn More Since the products of all its subcontractors bear its name, Nike should have clearly spelt out its ethical code of conducts to its contractors. According to Berle and Means (1932, p.1), ethics go beyond what the government can control to behavior regulation. The contract awarded to Earnest and Young to ensure inspection of ethical code of conduct in its contracting companies seems to have failed. Various unethical practices were evident in its subcontractor firms. Nike was at fault for unethical labor pra ctices. The first evidence of this fault is that Nike closed and shifted its factories in the United States to Asian countries where there is cheap labor. Although the company does not involve itself in direct production, it is aware of the unethical undertakings by its subcontractors. Secondly, since the products of these subcontractors belong to Nike and that they bear its name, it should have eliminated these unethical practices. Ignoring such unethical practices on employees who make its brands will amount to employees’ enslavement (Kingsolver, 2008). The media has a duty to educate masses (workers for this case) about their rights. According to Chomsky (1989), one of the roles of media is to educate the employees on business ethics. In this case, the media in Asia and other places where Nike has its factories should enlighten workers. Workers should know that they have the right to good working conditions, work at will, not to be sexually harassed, good housing and food, and even a good pay. Media should air employee education programs. The second role that the media can play is exposing unethical acts of such companies as Nike.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Since most of the companies will do everything to ensure that their image is not soiled, Nike would act quickly to restore employees’ ethics. Media should publicize unethical acts such as firing of employees advocating for better terms by force, sexual harassment, poor housing, poor pay, and forced overtime. This airing will expose the other side of the source of the famous Nike’s products. Chomsky (1989) asserts that airing of unethical acts of a company enlightens the public and employees. The major consequence of the mistreatment of workers by contractors and subcontractor of Nike in Asia is the development of a bad image. Although Nike spends a lot of money in e ndorsing celebrities to make up its image, this brand will gradually be soiled. If the company can afford to pay about $250 to athletes in endorsement, it should spend more in creating a good image. Brand means everything to a company since it creates a feeling of either attachment or lack of attachment to a company. It makes employees, investors, financiers, customers, and communities desire and or detest being associated with the company. When media exposes the variety of unethical acts that the company engages in, its public stakeholders will develop a negative image about it (Chomsky 1989). No one would like to collaborate with inhuman companies. No investor would like to be part of a company that physically abuses its employees and or does not pay them their dues. Customers of the company are also likely to leave its products and turn to other apparel industries because they will always attribute the company’s products to its unethical practices. No one would like to buy products of a company that cannot compensate workers who had accidents in the course of producing its goods.Advertising We will write a custom case study sample on Nike’s Cheap Labor specifically for you for only $16.05 $11/page Learn More Many potential employees will also shun working for a company due to its bad image (Schneider et al. 2003, p.836). This case means that a poor brand will deny Nike Company the talents and creative minds that are likely to go to its competitors. The competitor will produce high quality goods. As a manager, I would take the most effective action in image restoration. The first step will be allowing open and efficient communication among the company, its contractors, and employees. In fact, Parker (2005, p.17) affirms that development of formal ethics and its communication is essential in today’s business world. I would establish structures that will allow open communication. There is a clear communication cut between employees and Nike as a company. By ensuring that there are good communication paths, employees will regain confidence in the company. According to Guest (2007, p.52), employees should be allowed to air their grievances and or join trade unions without being sacked or punished. Communication will also ensure that employees are enlightened about their rights and the code of conduct of the company. To boost communication, I will provide suggestion boxes, hotlines, and emails for them to use in case their supervisors or contractors are in breach of the ethical code of conduct. This strategy will also enable clear punishment of the contractors if they breach it. The second tactic that would save the image of Nike Company is advertising, which is paid for to create public attention to certain goods and services.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More I would use media (both print and electronic platforms) to advertise the strategic changes that the company has undertaken to ensure employee satisfaction and product quality improvement through the common catchy phrase that, if a business treats its workforce well, they will in turn treat clients well. The changes in employee relations would be aired on media. Schneider et al. (2003, p.836) assert that employee satisfaction makes potential employees aspire to join a company in the future. In addition, it will make Nike’s customer change their perception of the company from bad to good. Media has the ability not only to tell people what to think about but also how to think about a certain idea. With frequent positive exposure of the changes in the company, people will not only think about Nike but also tuned to think about it positively. Conclusion Nike Cheap Labor article by Tim Glenn is an epitome of the many organizations that strive to reap much not only on the expense of its workforce but also on their own expense. Mistreating of employees by not giving them their due wages, denying them motivations, and not involving them in key decision-making process comprise some of the unethical issues that companies like Nike are practicing. Kingsolver (2008, p.268) says that all unethical business practices amount to slavery. Such ways like poor payment of employees, dismissal from duties without protocol, unpaid overtime, sexual harassment of women, and avoiding paying workers’ benefits are unethical. Therefore, media should come in to publicize these malpractices in an effort to curb them by exposing their implications not only to the employees but also to the victim companies. References Berle, A Means, G 1932, The Modern Corporation and Private Property, Transaction Publishers, New Jersey. Chomsky, N 1989, Necessary Illusions: Thought Control in Democratic Societies, Pluto Press, London. Guest, D 2007, HRM and performance: Can Partnership Address the Ethical Dilemmas?, Macklin Campbell, Pennington. Kingsolver, A 2008, Capitalism. Encyclopedia of Race and Racism, Macmillan, Detroit. Parker, M 2005, For Business Ethics: A Critical Text, Routledge, London. Schneider, B, Hanges, P, Smith, D, Salvaggio, A 2003, ‘Which Comes First: Employee Attitudes or Organizational Financial and Market Performance?’, Journal of Applied Psychology, vol. 88 no. 1, pp. 836–51. This case study on Nike’s Cheap Labor was written and submitted by user 3-D Man to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.