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(COs F, G, H) Review this scenario. Drug Company CRZ is notified that its new antidepressant drug, Interplay, is causing its patients to experience hallucinations and serious heart palpitations. The FDA issues a recall and investigation. Company CRZ reviews the formula and invests $95 million in new research and development. Five of the scientists go to the department head and state that they believe the new version of the drug will actually be worse than the older version and that the drug needs to be scrapped entirely. The company has already announced to their shareholders they expect FDA approval in the next 6 months, so he orders them back to the drawing board and gets authority for another $85 million in R & D. Interplay gets final approval from the FDA in 6 months, and the new medication releases to the public. The department head is promoted to executive vice president of the company. In 6 months, the drug is determined to have killed 6% of its users and is being called the “new LSD of the 21st Century.” In the debriefing stage, the ex-executive VP is heard to say, “We had put so much money into it, I just had to see this through to fruition.” Which of the following statements is most applicable and appropriate to use in this situation? Expect some unanticipated outcomes. Be alert to some measurement limitations. Don’t declare victory too soon. Beware escalation of commitment. Recognize productive failures.
Are there regional variations in country and company efforts to support innovation? How might these stem from country and regional cultures?
Describe and rationalize the impact of increasing fuel price on logistics network design. Suppose that you are responsible for integrating the logistics system of two national food manufacturers as a result of a merger Each firm serves the entire cou..
What kinds of supply chain structure (i.e. supplier characteristics, location of supplier, other considerations) enable an efficient supply chain? A responsive supply chain? When should a firm use an efficient versus a responsive supply chain?
What is the WTO( world trade organuzation) and what is the connection between GATT (General agreement on tariffs and trade) and WTO?
As discussed in the opening reflection, MF Global filed a complaint charging PwC with professional malpractice, breach of contract,
Discuss the importance of an? organization's culture as a factor that determines an? employee's ethical behavior.
If carrying costs are $2 per year for each stone, find the order quantity that will minimize total annual cost.
You have been hired as a consultant for a chain of grocery stores. discuss how you will develop these stores to meet the target customer's needs.
A reduction in costs per unit due to increases in efficiency of production as the number of goods being produced increases best defines the term
Discuss and practice the skills presented this week for working in teams in your small groups.
Name key advantages and disadvantages of three different organizational structures.
What are the historical and current developments in TV broadcasting, radio broadcasting and print media for Hispanic markets?
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