Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Chapter 3, Problem 1ED
Summary Introduction

To Explain:

Do the clinical trials in Albania. You'll be able to bring the drug to market faster and cheaper, which will be good for AH Biotech's employees and investors and good for the millions of people who suffer from anxiety attacks.

Introduction:

Any pharmaceutical company can launch its product only If it gained approval from the Food and Drug Administration (FDA). But before applying for approval from FDA, you need to do a lots of clinical trials. Doing clinical trials is really a tough job because you need to find the country where its allowed thereafter you will have to do marketing by visiting the doctors, chemist shops etc.

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1. With reference to the above case identify and profile an upcoming entrepreneur in your community and further assess how their business has been affected by the COVID-19 pandemic. Describe the importance of strategic planning for entrepreneurs especially at this time.*describe how strategic planning can be adopted by this entrepreneur during this time. 2. With reference to the above case in which the entrepreneur has been identified, state which three main resources the entrepreneur would require to revive their business and how would they use these resources to do so. *Any three resources could be identified the must relate to the business.
5. Many people compare the COVID-19 pandemic with climate change. Thinking about market failures and incentives, why might we expect individuals and countries to invest more effort to. prevent the spread of the virus than to prevent climate change?
Based on the articles on the following links"Griffin, K (2023) The Tupperware party is over. [Online] Available from: https://www.dailymail.co.uk/news/article11960521/The-Tupperware-party-iconic-brand-faces-collapse-77-years.html [Accessed April 2023 McCarthy K, (2023) Tupperware could go out of business, here’s why. [Online] Available from: https://abcnews.go.com/GMA/Food/tupperware-business/story? id=98495624#:~:text=Tupperware also chalked up lower,cash management and possible layoffs [Accessed April 2023] president and CEO Miguel Fernandez said the company has "embarked on a journey to turn around our operations" and "is doing everything in its power to mitigate the impacts of recent events -- taking immediate action to seek additional financing and address our financial position." Discuss in detail the role of Miguel Fernandes in the effectiveness of Tupperware’s turnaround strategy.
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