Do you think organizational culture has an impact on management? If so, why is working culture important.
In: Operations Management
In: Operations Management
After tallying the receipts for their first year of operation,
the owners of the Taco Barn are encouraged. Sales of their artisnal
tacos, made from such exotic ingredients as ground beef, cheese,
and beans, have been strong and seem to give hope to the coming
year. Taco sales by month are shown in the table.
Armed only with his fingers, the owner decides that the safest
forecasting approach is a linear trend line. Generate a forecast
for the year using this technique and then calculate forecast
errors using MSE. What is the mean squared error for this
forecasting approach?
1217
1033
1148
1282
In: Operations Management
The process of offshoring (outsourcing an organizational function overseas) is being applied to clinical drug trials with the same speed and enthusiasm as the transplanting by major U.S. corporations of their customer service call centers to countries such as Ireland, India, and increasingly farther east locations. In a report released in June 2010 by Daniel R. Levinson, the inspector general of the Department of Health and Human Services, 80 percent of the drugs approved for sale in 2008 had trials in foreign countries, and 78 percent of all subjects who participated in clinical trials were enrolled at foreign sites. Ten medicines approved in 2008 received no domestic testing.
For U.S.-based pharmaceutical companies, the rush is driven by both attractive options and practical realities:
Pursuing the same cost advantages as other U.S. corporations, drug companies are now discovering that trials in such regions as Eastern Europe, Asia, Latin America, and Africa can produce the same quality of data at a lower cost and often in a shorter time frame.
After safety concerns over drugs like the anti-inflammatory Vioxx, which was withdrawn from sale in 2004, regulators such as the Food and Drug Administration (FDA) are now requiring even more data as a prerequisite for the approval of a new drug. That equates to more trials enrolling more people for longer periods of time—sometimes many thousands of patients over 12 months or longer.
Patients in North America are increasingly unwilling to participate in phase 1 experimental trials, preferring instead to participate in phase 2 or 3 trials where the effectiveness of the drug has already been established and the trials are focused on identifying appropriate dosage levels or potential side effects.
In contrast, these new overseas trial sites offer “large pools of patients who are ‘treatment naive’ because the relatively low standard of health care compared with Western countries means they have not had access to the latest and most expensive medicines.”
In North American trials, each doctor may only be able to offer a handful of patients who are willing and able to participate, whereas in populous nations such as India and China, a single doctor may see dozens of patients a day who would be willing trial participants, allowing faster recruitment from a smaller number of sites.
However, pharmaceutical companies don’t have everything their own way. Developing countries or not, restrictions are in place either to directly prevent trials or, at the very least, to ensure the professional and ethical management of those trials:
Many developing countries have laws against “first in person” trials to prevent the treatment of their citizens as guinea pigs in highly experimental drug trials.
Russia and China have both limited the export of blood and patient tissue samples in recent years, partly out of concern over illegal trafficking in human organs.
The FDA recently set up an office in China to increase inspections of the rapidly growing number of clinical trials.
The World Medical Association’s 2004 Helsinki declaration called for stringent ethical practices in drug trials, but these remain voluntary practices.
In addition, the rush to take advantage of these cost savings and practical benefits has produced some problems ranging from questionable data to patient deaths:
In 2003, several patients with AIDS died after an experimental drug trial in Ditan Hospital in Beijing. Viral Genetics, a California biotechnology company, was criticized for failing to explain adequately to participants that they were taking part in a drug trial rather than receiving a proven medicine.
Further criticism was levied at Viral Genetics for an issue that has become a greater concern for clinical drug trials in general—specifically the use of a sugar pill or placebo as a comparative measure of the efficacy of the drug. In the Ditan trial, questions were raised as to why an antiretroviral treatment—the most effective treatment for AIDS in the West—wasn’t used as a comparative treatment.
Page 205 The lack of education and lower standards of care in these developing countries also raise questions about patient eligibility for participation in these trials. While they may qualify by diagnosis, do they really understand the concept of informed consent, and, more importantly still, do they realize that once the trial has ended, it may be months or years before they have access to the drug for a prolonged treatment regimen for their condition?
In the end, it is likely that basic economics will win out. Increasingly stringent standards in North America, driven, some would argue, by the litigious nature of our society, will only serve to increase the attractiveness of overseas trials. Without a suitable regulatory framework to oversee these trials and ensure that patients are treated in an ethical manner, the feared picture of uneducated citizens from developing countries being used as guinea pigs in experimental trials that citizens from developed nations are unwilling to participate in will become a reality.
QUESTIONS
Identify three factors that are driving pharmaceutical companies to host clinical drug trials overseas.
What regulations are in place to oversee the professional and ethical management of these trials?
If patients lack the language skills or education to understand the significance of informed consent or the use of a placebo, is it ethical to allow them to participate in the drug trial? Why or why not?
What proposals would you offer to make the offshoring of clinical drug trials a more ethical process for all the stakeholders involved?
In: Operations Management
Survey how laws, HRM Systems and Culture impact managerial practices for international businesses
In: Operations Management
In: Operations Management
Please assist with these questions:
- Which health problem is very high among African Americans that is one of the main causes of heart disease among this population?
- What is berbere?
- The preferred texture in West African foods/cuisine is what?
- Which 2 types of cuisine exist in France?
In: Operations Management
onsider the “Dahl v. Angle: Who Owns Frozen Embryos?" court case and the commerce of reproductive technology to discuss and defend your positionC
In: Operations Management
Identify any three major ethical issues in the case and justify.
For Chernobyl accident
In: Operations Management
Victoria Wilson, a resident of Illinois, wishes to bring an invasion of privacy lawsuit against XYZ Co. because XYZ used a photograph of her, without her consent, in an advertisement for one of the company’s products. Wilson will seek money damages of $150,000 from XYZ, whose principal offices are located in New Jersey. A New Jersey newspaper was the only print media outlet in which the advertisement was published. However, XYZ also placed the advertisement on the firm’s website. This website may be viewed by anyone with Internet access, regardless of the viewer’s geographic location. Where, in a geographic sense, may Wilson properly file and pursue her lawsuit against XYZ? Must Wilson pursue her case in a state court, or does she have the option of litigating in federal court? Assuming that Wilson files her case in state court, what strategic option may XYZ exercise if it acts promptly?
In: Operations Management
Using the company Coles Supermarkets as an example, which of
these sustainabiltiy theories does Coles refer to and why? Provide
the actions the firm has taken to prove this theory by providing
factual information.
1. Triple Bottom Line
2. MSDG Goals
3. UN Sustainability Development Goals
4. Global Compact
In: Operations Management
What are the major elements of Vail Resort’s competitive strategy in the destination resorts industry? How well do the pieces fit together? Is the strategy evolving?
In: Operations Management
Value chain system involves many interrelated activities to produce a product or service to a consumer. The aim is to reduce cost and increase visibility and sales. To do that all channels in the system must be synchronized. It starts with the supplier side for input, production or availability of products and service by the company and ends with distributing channels.
One of the major primary activities for Walmart is inventory management through efficient flow of stocks. By maintaining efficient management of stock Walmart can ensure loss of revenue because people who purchase items must have access to all items that they are looking for. It can set order level for critical items. Electronic tracking systems can be used and there are technologies that monitor the level of stock when people make purchase at the store.
Support activities include human resource management, maintaining good relationship with suppliers, technological development and infrastructure. Amazon has become a dominant force because it uses technology efficiently. What Walmart can do here expand its presence technologically and develop creative ways of delivering items for customers. One good initiative that I observed with Walmart is ordering online and piking items at stores, which will save time for consumers. Plus, it can use to efficiently forecast sales and arrange supply of products in efficient manner.
Do you agree with the posted above? why?
In: Operations Management
Describe a contemporary ethical issue which is related
to human resource management and describe why it is an ethical
issue.
- what are the competing interests with regard to this issue?
(employee, employer, customer, shareholder, other
stakeholders)
- what is the moral and ethical thing to do with respect to this
issue? Why?
In: Operations Management
Using Dollar Tree as a business answer following questions:
-Is the future promising or questionable for the company? According to their sales?
-What does it need to do in the future to provide strong financial returns? Why?
Make recommendations based on your own critical assessment about what the company should consider doing differently based on your analysis so far and your application of specific marketing principles.
In: Operations Management