Case Studies of GSK

Case Studies of GSK Chapter 10 CASE STUDY 1 (GSK) Observations GSK has pursued a greenfield venture as its entry strategy in Singapore. The firm has decided to spend 190 million to build a new plant. The reasons stated for its choice of Singapore are availability of highly educated employees, sound economy and provision of government incentives. GSK plans to expand the firms operations further. There are intentions to construct a 1st of its kind RD plant at its Global Manufacturing Supply location in Jurong. Discussions Analysis The Singapore government intends to make the republic a biomedical hub. It is known that many people from Asia come into Singapore to seek medical help from our doctors. Gsk see an opportunity for profits by complementing the various medical facilities in Singapore. Asia is rising to become a global powerhouse in the biotechnology industry, with its rapidly-expanding market and enormous talent base. As a leading biomedical hub in Asia, Singapore administers entry to world-class scientific and clinical excellence, superior networks to key regional markets as well as strategic alliance connections with research institutes, corporate labs and public hospitals. In addition, as part of an ongoing effort to develop talent and leadership in Singapore, GSK is creating a $30 million endowment fund to nurture talents in the fields of green manufacturing and public health policy. The Singapore Economic Development Board (EBD) will add to the fund by a further $20 million. Singapore with its extensive infrastructure and skilled human resource is viewed by GSK as an export centre to world markets. By concentrating production of vaccines and medical supplies in one location, GSK can achieve location economies thus minimising costs. Singapore as a member of ASEAN could prove to be very useful to the firm as it set up its distribution networks across other ASEAN countries. With governments of ASEAN advocating economic integration, tariffs reductions as well as more flexible foreign direct investment policies, GSK can reduce time and money associated with burecracy and distribute its products more conveniently to neighbouring countries. Singapore possess a excellent port, coupled with extensive air freight services, products of GSK can be delivered.

Araby Knight :: essays research papers

"Araby" Knight The short story "Araby" by James Joyce could very well be described as a deep poem written in prose. Read casually, it seems all but incomprehensible, nothing more than a series of depressing impressions and memories thrown together in a jumble and somehow meant to depict a childhood infatuation. Like the sweet milk inside a coconut, the pleasure of this story comes only to the reader who is willing to put forth the intense effort necessary to comprehend it. Or like an onion, peeling off one layer reveals yet another deeper, more pungent level. Practically every insignificant detail becomes vitally important and meaningful as the plot progresses, until it becomes apparent that this story is not about romance at all but rather the "coming of age" that marks everyone's passage into adulthood. This is especially apparent in the point of view, the symbolism of the first paragraph, and the character of the narrator himself. Crucial to an understanding of this story is a solid grasp of its point of view. It is important to recognize that the story is written from an adult perspective. This is revealed in at least two ways: the style and tone or air. The style of writing-its technical construction-is probably the most obvious. From the opening sentence on, the writing leaves no doubt that the author is mature and highly experienced: He uses an exceptional vocabulary, he has a propensity for figurative language, and his sentences are full and well-developed. No child would have written the following sentence, exemplary of the entire story: "The other houses of the street, conscious of decent lives within them, gazed at one another with brown imperturbable faces" (178). That is the work of a polished artist. The tone of the story lends credence to this view. The narrator has matured and put the affair behind him. Looking back, he shakes his head and gently ridicules himself in a nostalgic and sad manner: "her name was like a summons to all my foolish blood" (179); "What innumerable follies laid waste my waking and sleeping thoughts . . . !" (180). In so doing, he disengages himself from the emotions of the infatuation, subtly giving the story a detached air entirely in keeping with the adulthood of the narrator. The boy's are portrayed accurately enough, but little ardor is infused into the narration. Despite its colorful, even picturesque language, it is matter-of-fact.

Economics †Frictional and Structural Unemployment Essay

This assignment mainly compares and contrasts the two broad categories of unemployment which are Structural and Frictional unemployment. The type of unemployment which has a greater impact on economy will also be identified and the reasons for this phenomenon will also be discussed. Frictional Unemployment The short term unemployment in an economy refers to frictional unemployment which is present due to normal market adjustments. The factors contributing to the hindrances of employment in frictional unemployment are business adjustments, imperfections of market information that are imperfect or the individual’s preferences for employment are much higher than available. Those people are frictionally unemployed who do not have jobs in the market with wages of current market level; these jobs are within reasonable reach and are suited to their skills (Gilpatrick, 1966). However, this type of unemployment is not long-term. Frictional unemployment can be removed without any increase in aggregate demand and in a short period of time. There are jobs available for those who are unemployed, under this type of unemployment, but the workers are not aware of other opportunities, they require time to readjust to business changes or they choose to wait for other job opportunities. The assumptions of frictional unemployment are that labor productivity, state of technology and the skills of labor force remain constant in the short term (Gilpatrick, 1966). Structural Unemployment Structural unemployment occurs because of the structural changes in the economy or the business processes of the related businesses. This type of unemployment is encountered in the long run and sometimes could arise without any changes in the demand. The composition of final demand, technological advancements and shifts in the locations of industries are the main structural shifts that affect the labor and skill requirement. If the labor force is capable of adapting to the new environment, there will be no problems. Those who are not able to adapt, they get unemployed because either their skills are no longer required in the industry or their skills are non-transferable to other occupations (Gilpatrick, 1966). The basic changes responsible for structural unemployment are in final demand of product mix and in technology. However, when there is exhaustion of resources locally, the industries can move out to other geographical regions which cause structural unemployment. When there is a change in technology, no increase in skills of the labor will provide employment for those who were displaced. Those who do not have the skills required to get employed are said to be structurally unemployed (Gilpatrick, 1966). Differences between the Two Types of Unemployment The key difference in the two type of unemployment is that in the structural unemployment, the unemployment is caused by the mismatch of specific labor skills supply and demand, whereas in frictional unemployment, there is no such mismatch. Another key difference is that the structural unemployment is long term whereas the frictional unemployment takes only a short period to get eliminated, given other things constant. Impact on Economy Structural unemployment has a higher impact on the economy as this type of unemployment can trigger a higher level of inflation when the demand of the products gets higher. The structural unemployment can get the industries disappear from the economy which are no longer require or if the labor does not have the skills required. This is a long term unemployment which also increases the impact as the unemployed labor does not contribute to the economy. Frictional unemployment on the other hand is a short term phenomenon which is eliminated in a short period of time. This is not as bad for the economy as the skills required in the industry are present with the workers and they will find their desired work shortly. References Gilpatrick, E. (1966). ON THE CLASSIFICATION OF UNEMPLOYMENT: A VIEW OF THE STRUCTURAL-INADEQUATE DEMAND DEBATE. Industrial & Labor Relations Review, 19(2), 201-212. Retrieved from Business Source Complete database.

The Great Depression The Longest Lasting Economic Fall...

The Great Depression was the longest-lasting economic fall in the history of the Western industrialized world. The Great Depression affected many countries, for it was something the United States never thought would happen. In the United States, the Great Depression began after the stock market crashed in October 1929. The crash put Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer purchases and investment dropped, causing declines in industrial output and rising levels in unemployment as falling companies laid off workers. By 1933, the Great Depression had reached its peak. By this time over 14 million Americans were unemployed and almost half of the country’s banks had failed. The Great Depression left a mark on many people s lives. The Great Depression did not just affect one group of people but many. It affected everyone from women, men, to blacks, and whites. It was a disaster for everyone. Although the Great Depression w as a hard time, Americans used different forms of media to distract themselves as much as possible. Radio and television played major parts in this distraction. During the Great Depression, Hollywood’s role in the country was providing a sense of security during a difficult time. Even throughout the Depression’s most difficult times, 60 to 80 million Americans attended the movies each week, and in the face of doubt and despair, films helped sustain national morale. To keep up theater attendance,Show MoreRelatedThe Great Depression Of The 1930s Essay1689 Words   |  7 PagesGlobal Crisis of 2008 in Comparison to the Great Depression of the 1930s Introduction The economic crisis’ of the 1930s and 2000s greatly impacted the United Sates (U.S) and the world. The Great Depression and Global Crisis were both major economic crisis’s the originated in the United States and spread to foreign markets around the world. 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