StudentShare solutions
Triangle menu

Corporate ocial Reponibility - Essay Example

Not dowloaded yet

Extract of sample
Corporate ocial Reponibility

The buine of Glaxo Laboratorie Ltd expanded greatly with the new market created by the founding of the National Health ervice (NH). In January 2001 Glaxo Wellcome plc and mithKline Beecham plc officially merged to become GlaxomithKline plc.
The vault webite give quite a good up-to-date decription of the company: "Cobbled together from four izable and formerly independent pharmaceutical companie, GlaxomithKline i one of the giant of the indutry. In 2003, the company' revenue totaled $38 billion -- good for a profit of nearly $11 billion. In addition to precription medication, Glaxo alo manufacture vaccine, over-the-counter (OTC) drug, oral care product and nutrition drink. In all, the company market more than 1,200 different brand which are old in 130 countrie worldwide. Thi comprehenive product line can be credited to Glaxo' maive $4 billion annual reearch and development budget, a well a to it 40,000 trong ale force -- the larget in the indutry -- that keep thoe product moving out of the warehoue and into the market. Glaxo' annual pharmaceutical ale make up approximately 7 percent of the worldwide market" (www.vault.com).
At an international level, intellectual property i protected through the World Trade Organiation' (WTO) Trade Related Apect of Intellectual Property Right (TRIP) Agreement. GK argue that patent and other intellectual property right play a vital role in encouraging the innovation and needed to develop new treatment for many of the mot eriou dieae. "We invet coniderable time and money to develop each new pharmaceutical product - an average of $800m per product. If a new product could immediately be copied and old by other we would not be able to continue to fund new reearch. Thi would dicourage innovation and limit reearch into newer and better medicine and vaccine" (www.gk.com). A well, although the organiation acknowledge the fact that the TRIP agreement limit acce to eential medicine, uch a treatment for AID, it doe not ee them a the key barrier to acce to thee medicine. It argue that countrie hould be improving infratructure and increaing public invetment in health care.
GlaxomithKline argue that it policy require that all marketing and promotional activitie are baed on valid cientific evidence, and comply with applicable law and regulation. It alo comply with relevant indutry code of practice, uch a the International Federation of Pharmaceutical Manufacturer Aociation' (IFPMA) Code of Pharmaceutical Marketing Practice and the PhRMA Code on Interaction with Healthcare Profeional. Training i provided for all employee whoe poition require an undertanding of our marketing code, particularly ale repreentative(www.gk.com).
GlaxomithKline recognie the importance of preerving the environment and protecting the health and afety of people who work for the company. It ha a comprehenive et of environmental, health and afety programme that provide tructure for our approach. According to GK thee are baed on tandard that apply, without exception, to all of it ite around the world. "Environmental ...Show more

Summary

GlaxomithKline' hitory date back to 1715, when Plough Court pharmacy, a predeceor to mithKline Beecham, wa opened in London. Glaxo Laboratorie Limited (the predeceor to Glaxo Wellcome) wa et up in 1929, with director Alec Nathan. "Nathan formed the company when it wa dicovered that their dried baby food 'Glaxo' wa the caue of ricket in children…
Author : keyonebert
Corporate ocial Reponibility essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Corporate ocial Reponibility"
with a personal 20% discount.
Grab the best paper

Related Essays

Corporate Law Corporate Manslaughter
James Gobert's analysis seems pointed, but it is if anything too charitable. The Corporate Manslaughter and Corporate Homicide Act is a good step, but it is nothing like what needs to be instituted to deter widespread corporate manslaughter. George Monbiot puts it more strongly when he argues, “It is better than a poke in the eye with a sharp stick, or a tap on the head with a steam hammer.
16 pages (4000 words) Essay
Marketing and International Retailing
24-6; Trim, 1999). Occaionally, they need to take the initiative by lobbying government and trade bodie a community iue urface and new challenge preent themelve. Thi mean that trategy formulation and implementation can be viewed a a ocial practice (Whittington, 2004, p.
18 pages (4500 words) Essay
CORPORATE FINANCE
However empirical evidence remains inconclusive. In financial theory, disagreement exists with respect to the effect of capital structure on firm value. The traditional view of corporate capital structure and valuation holds that there is an optimal capital structure and thus the total value of the firm can be increased through a judicious financing mix.
6 pages (1500 words) Essay
Corporate citizenship
at their corporation has adopted policies that aim at benefiting the community (while also benefiting itself) through initiatives related to ecological and social wellbeing (BSD Global 2010). Different organisations exhibit this in different ways but there are three basic forms:
1 pages (250 words) Essay
Tax corporate
In this thesis the issue of double tax avoidance is discussed identifying several methods that can be applied in successfully avoiding double taxation. There are several ways that corporations can
1 pages (250 words) Essay
Corporate tax
After the election or instituting of a board of directors, the board is tasked with responsibility of appointing or employing officers to
5 pages (1250 words) Essay
Corporate Governance
Nonetheless, these controls may add the scope for abuse and managerial discretion. This paper is an integrative essay that looks at corporate governance from the perspective of two separate articles. In the
2 pages (500 words) Essay
Corporate Social
nt era of globalization, organisations are striving towards coming up with strategies that allows them to gain a strong competitive edge in the market. Corporate social responsibility is one of the most successful strategies that have allowed organisations to observe success in
6 pages (1500 words) Essay
Corporate Governance
Specifically the Agency theory gave out the framework for adopting the methods employed by the American corporations. One particular review argued that the Anglo-American corporate governance
12 pages (3000 words) Essay
Corporate Governance
Having mentioned such, the purpose of corporate governance in the Islamic set-up is to upgrade the existent corporate legal regimes in
9 pages (2250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation