An Analysis of GlaxoSmithKline The business that I have done research into is GlaxoSmithKline. This company is a globalised research-based pharmaceutical public limited company. Its ownership structure has changed a great deal since the original company was first established in 1715. Originally a pharmacy, the company has expanded, merged with and taken over other companies over the decades. The last of these was the merger between Glaxo Wellcome and SmithKline Beecham, which formed the current company of GlaxoSmithKline. GlaxoSmithKline’s business is to discover effective medicines and healthcare products for people throughout the world and create shareholder value. They are one of the world’s leading producers of prescription medicines, vaccines and consumer healthcare products (Toiletries, Drinks). These products include SEROXAT/PAXIL, AUGMENTIN, WELLBUTRIN and ZOTRAN, all of which are pharmaceutical products. AQUAFRESH, LUCOZADE, NIQUITIN CQ and SENSODYNE, these are known as consumer healthcare products. HEPATITUS and INFANRIX, which are vaccines. The company provides over 7% of the total global pharmaceutical sales and supply 24% of the world’s vaccines. They manufacture and distribute more than 10 million packs of medicine every day. GlaxoSmithKline now has a Board of 13 Directors, and a further 15 members of The Corporate Executive Team. These members are the Presidents of the various global and national departments. Below I have set out a table to show the Advantages and Disadvantages of a public limited company. ADVANTAGES DISADVANTAGES Shares offered for sale on the stock exchange, so that large amounts of capital can be generated. Shareholders protected by limited liabilit... ... middle of paper ... ...ibit the already efficient practices from continuing. This would therefore have a knock-on effect to reduce the overall production sites and effectiveness of the other parts of the company. The practices already in place help the Group to achieve its objectives by; Continually reviewing its source of supply-This meets the objective of focus on performance, supply and cost Continually applying quality management-This meets the objectives of absolute attention to compliance and team work and talent expression Continually benchmarking other companies- This meets the objective of focusing on their own performances to meet the aim of being a world leader. Continually reviewing its practices through out the Operational Excellence program- This meets the objective of streamlining the processes used within the GMS Bibliography 1) WWW.GSK.CO.UK
And there are some advantages of a public limited company such as there is limited liability for the shareholders which mean the maximum losses that will cause are the amount that the shareholders invested in that company it won’t cause more than that so for the investor the risk is limited. Other than that the public limited company’s potential capital that they can raised is large they can raise fund by selling shares or borrow from bank. Also public limited company is easier to obtain financing because most of the banks and financial institution would like to invest to the larger company just like PLC. PLC have high continuity although the helm of company step down the company can still operating normally because shareholder can transfer their shares to anyone. There are many advantages of PLC but it still have some disadvantages for instance :PLC must make public annual financial report of the company also if the company close the liquidator must be realize the all assets to distribute to all creditors and shareholders. So the owner of Tesco are those people who bought the shares of Tesco. Furthermore, every year Tesco will held the annual general shareholders meeting. Tesco will report the annual accounts, strategic report and directors' report etc. to the shareholders in the meeting. Therefore the shareholders of Tesco can have more information and data to grasp more about
In the book, “Into the Wild” by Jon Krakauer, the main character Christopher McCandless is foolish,brave, and psychotic. He is foolish for dropping everything to go on an impossible “hike” through the Alaskan backcountry, brave for sticking through it, and psychotic.
He went through many obstacles that could have proved fatal. From canoeing in the Colorado River to picking the right berries, he was testing his intelligence. Chris had a true confidence in the land and in himself to set out on a mission so dangerous. “Wilderness appealed to those bored or disgusted with man and his works. It not only offered an escape from society but also was an ideal stage for the Romantic individual to exercise the cult that he frequently made of his own soul. The solitude and total freedom of the wilderness created a perfect setting for either melancholy or exaltation” (Nash; Krakauer 157). Chris longed to escape from society and rely on only mother nature. An innumerable amount of people desire to withdraw from society as Chris did; but they are so comfortable and secure with a normal life they do not dare take such a gutsy
Chris McCandless’s story, in Into The Wild by Jon Krakauer is an important story to be heard, but it should be read as a cautionary tale for all people wanting to go into the wilderness unprepared. Anyone going into an inhospitable region should be aware of this story and should not make the mistake of being
He took everything in his life to the extreme. As stated earlier, “It is hardly unusual for a young man to be drawn to a pursuit considered reckless by his elders; engaging in risky behavior is a rite of passage in our culture no less than in most others. Danger has always held a certain allure….”(Krakauer 182). People want to live while their young, therefore they take risks. However, what McCandless did was more than just risk taking. He contained something along the lines of an excessive hubris. ‘“He didn’t think the odds applied to him. We were always trying to pull him back from the edge,” vocalizes Walt McCandless (Krakauer 109). Trudging into the vast Alaskan wilderness without proper provisions is taking the extreme too far. As Krakauer states, “...[Chris] was fully aware when he entered the brush that he he had given himself a perilously slim margin for error” (182). Only someone with an extensive hubris would commit an act so dangerous and be confident in their survival. Although he lent himself to a handful of stupid mistakes, McCandless was far from an idiot. Even though the extreme he took his Alaska adventure to was ill-advised, there is something about Chris that is almost admirable. Many people have dreams and passions that get shoved into an old chest and are never to be visited again. In today’s society it seems as though everyone is
An individual who may be seeking employment with any three of Johnson & Johnson’s segments of operation may find a promising career. There are diverse opportunities with Johnson & Johnson Corporation related to the medical field and incentives to further education and environmental contribution aside from a career. Johnson & Johnson Corporation was founded in 1886 as a medical device company which later grew into a multinational medical device and pharmaceutical company. The headquarters are located in New Brunswick, New Jersey and the consumer division is located in Skillman, New Jersey. Johnson & Johnson Corporation includes about 250 subsidiary companies with operations in over 57 countries and products sold in over 175 countries.
Christopher Johnson McCandless was a hiker who also went by the name Alexander Supertramp and ventured into the Alaskan wilderness in April 1992 with a bit of food and equipment, hoping to live in isolation. Almost four months later, McCandless's body was found, weighing only 30kg. His story shocked many people and got the attention of magazine writer Jon Krakauer. At First he wrote a small article in the magazine Outside that sparked a lot of controversy with the readers. Since Krakauer got a lot of attention from his article, he decided to do more investigation on McCandless’s journey. Krakauer end up writing the book named Into the Wild and explains with plenty of detail McCandless’s life before his journey to the wilderness. Now a days, most teenager or young adult would never give up the life they have, because the way were so attach to electronics and our surroundings, for Chris McCandless is a different story he gave everything he had in life to go out and live a life in seclusion that caused him his death.
Being presented with the problems in the implementation of the SAP ERP system, it is evident that Novartis Pharmaceuticals requires a comprehensive action plan that resolves key issues and the underlying problem. Refer to Exhibit A for a graphical representation of the action plan.
In the book “Into The Wild” by Jon Krakauer tells the story of Chris McCandless a curious minded person who pursued an idea about living in the wilderness on his own. Many people believed that Chris McCandless was just a selfish and crazy person with an outrageous idea. Although he had some personal issues which caused him to leave. Two main issues were the emotional damage from his parents which was the cause of the family differences within each other and not being able to understand one another. He also liked to keep to himself most of his time even when he was young, many people believe he was just selfish but I beg to differ, I believe he did this because .
Since time immemorial, society has become increasingly complex, leading otherwise successful people to retreat to their origins. This is often due to an inability to adapt and find true happiness in mainstream civilization. The case of Christopher McCandless from the film Into the Wild is no exception to this rule. Mr. McCandless divests himself of his identity and retreats to the wilderness of Alaska. This journey was what eventually led to his ultimate demise. While it is clear that he was courageous in embarking on this quest, it was unfounded in logic and born of arrogance, stupidity and recklessness. Mr. McCandless knowingly demonstrated a lack of regard for his own life and safety by making several poor decisions. Moreover, he carelessly and selfishly gave up a life of privilege that many covet. Furthermore, Mr. McCandless showed regret for his decisions, further proving his initial recklessness. Based on this, it is clear that Christopher McCandless’ reckless actions that led to his death were founded in arrogance and stupidity. For this reason, he must take responsibility for the ultimate outcome.
Johnson & Johnson researches, develops, manufactures, and sells products in health care. The company was founded by three brothers, Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson, in New Brunswick, New Jersey, in 1886 (J&J website). Alex Gorsky is currently the chairman and chief executive officer of the company. Johnson & Johnson is known for providing a competitive pricing strategy. In the United States, Johnson and Johnson strives to keep their net price increases for health care products within the Consumer Price Index. The company supports more than 600 programs that address major health-related issues in local communities in more than 50 countries, making it the world’s largest corporate donors (J&J website).
Revolution is not the answer. Revolution is a building block of the way Society is now. The power of control simply shifts hands and continues on a slightly altered path. ‘Power to the people’ is a common thread that runs through revolutionary manifestos, and is lost as soon as the current oppressors are vanquished and the new ‘few’ assume power.
Since its humble beginning as a small drugstore, Merck has placed a large amount of importance on improving the health and well-being of its customers. As drug patents expire and genetic forms of their top products become available, Merck’s strategy is to do the unexpected; instead of raising the price of their older products in favor of patent protected new drugs, Merck focuses on reducing their cost in order to better compete with their generic counterparts. Additionally, Merck’s plan for growth now encompasses a much more aggressive pursuit of new drugs in their pipeline through extensive research. Merck became the second largest health care company in the world after the merger with Schering-Plough in 2009 and has contributed great discoveries like the first cervical cancer vaccine and great resources like the Merck Manuals which are utilized as a source of information to doctors, scientists and consumers worldwide .
Procter and Gamble (P&G) and Colgate-Palmolive (C-P) are two of the largest consumer goods company in the world and have been in the industry since the 80s. The companies manufacture and market fast moving consumer goods (FMCG) such as household products, personal care and hygiene, targeting at various segments of consumers. Among the brands carried by P&G are Downy, Olay, Tide, Clairol and Bounty. Popular brands under C-P are Palmolive, Kleenex, and Colgate.
The case under analysis, Eli Lilly & Company, will be covering the positives and negatives with regards to the business situation and strategy of Eli Lilly. One of the major pharmaceutical and health care companies in its industry, Lilly focused its efforts on the areas of "drug research, development, and marketed to the following areas: neuroscience, endocrinology, oncology, cardiovascular disease, and women's health." Having made a strong comeback in the 1990's due to its remarkably successful antidepressant Prozac, was now facing a potential loss in profits with its patent soon to expire. The problem was not only the soon to expire patent on Prozac, but the fact that Prozac accounted for as much as 30% of total revenue was the reality Eli Lilly now faced. (Pearce & Robinson, 34-1)