...Company name :- Abbott laboratories In Northern Chicago Dr. Wallace c. Abbott established abbott laboratories. Abbott laboratories provides service in the manufacturing, invention development and sales of health care related product. The company concentrate mainly on four section pharmaceutical manufacturing product, diagnostic manufacturing product, nutritional manufacturing product, and vascular manufacturing product. The company mainly focus on the research and development on the humire, which is immunological diseases. Abbott covered its market in140 countries with 60,000 employee works in this group. The company has a strong grip on Asian market. Abbott achieved sustainability leader award by best Ottawa business award in 2013. Abbott is a giant industry who believe in research and development to create innovative drug. According to times of India newspaper report, in terms of revenue abbott is 8th largest pharmaceutical company of the world and 3rd largest company in the United States of America. External factors company operating in :- * Work on attractive pipe line:- In the belief that, some successful drugs likely to be lose patent exclusivity. For that, pharma company loss more than $100 billion in revenues. For that reason abbott make a great effort for building attractive pipeline. 1 * Medicare change issue tackle by an advertisement:- Drug company suppliers trying to averting diabetic patient from company strip test strip. So lab is running advertisement...
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...………………….…..8 · Section 4- Marketing Strategy………………………...……...…...10 · Section 5- Use of Information Technology………..………...…….11 · Section 6- Ethical/ Environmental Issues….....………….………..12 · Conclusion…………………………................................................13 Executive Summary In 2001 Abbott was assessed by Jim Collins in his book “Good to Great” and deemed a worthy investment. Eleven years later Abbott has sustained that high level of performance as a producer in the healthcare and pharmaceutical industry. This performance can be attributed to their consistent financial growth over its competitors. The company competes among the healthcare industry producing pharmaceuticals, medical devices and nutritional products. Abbott is among several large companies that have dominated the industry for about half a century. Abbott has experienced a consistent increase in revenue over the past five years. Due to recent acquisitions, the company has had increasing operating costs, but stable profits. Notable financial risks of the company are their smaller product pipeline and smaller cash cushion compared to competitors. Abbott Labs marketing branch is what brings the company together through new emerging markets and ideas to reach out to their patients. As the company is splitting and branching off, this will give the company time and money to focus on each department individually. A big part of Abbott’s Strategy is to learn and further develop...
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...Quality is the most important measure of success for any organization. All successful organizations produce a quality product or service, but how it measured and what is the process to produce it. This paper will Chose a process at Abbott labs, Ross division, analyze an "As-Is" flow chart, describe the relationship of the process to the organization's strategic plan and determine the internal an external customers. This paper will also identify the most appropriate Quality Management tool that can be used to collect and present data, utilize your selected quality tool to analyze your process and identify process improvement opportunities, and estimate the level of improvement that could be realized and the value of implementing this process improvement. Every organization has certain problems that affect the quality of the product they are producing. At Abbott Labs Ross division the problem is the quality of the caps that are supplied to Ross from the cap manufacturer. These caps are essential to the production of the Ensure plastic bottle line because they seal the bottle after filling. The problem that Ross is having is the caps are not always a uniform shape. If the shape is off by just a little bit then they will get stuck in the cap-shoot and cause the line to go down. This affects the production deadlines and affects the on-time delivery of the product. This also creates a problem with the cap size that was validated by the FDA and any change in size has to be approved...
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...drug application to the Food and Drug Administration (FDA). Abbott Laboratories admitted that from January 1998 to December 2006, they illegally promoted a prescription drug for uses not approved as safe and effective by the FDA. Abbott Laboratories misbranded the drug Depakote by promoting it to control behavioral issues in dementia patients and to treat schizophrenia. A Virginia state federal judge fined Abbott $500 million dollars after the pharmaceutical company pled guilty to this crime. Abbot was also forced to forfeit about 200 million dollars to the Medicaid Fraud Control Unit, and could also be subject to a five years probation period. Under the terms of their probation, Abbott’s CEO and board of directors will need to personally certify that the company is complying with the law. Abbott, to date, has paid the second-largest criminal fine for a single drug. This white-collar (corporate) crime reached its conclusion on or around May 7th of this year, yet I never saw it on the nightly news along with the murders, stabbings, or robberies. I think partly because the media and/or the government try to keep these types of crimes hush-hush. As it would lessen the general public’s faith or trust in corporate America. Consumers normally purchase goods from entities that they are familiar with and/or trust, and to damage the trust of a company’s reputation could ultimately bankrupt it. Since companies like Abbott, pay the government so much money in fees to register and test...
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...others, such as healthcare. Abbott Laboratories has been in the news in the past few weeks due to an ethical issue reported to the government. It was reported that Abbott was marketing their popular medication Depakote for health conditions that it was not approved for by the FDA. “Depakote is an anti-seizure and mood-stabilizing drug prescribed for bipolar disorder. However, the company admitted that it marketed the drug for unapproved uses, including treatment of schizophrenia, agitated dementia, and autism.” (Yost, 2012). This admission will cost Abbott $1.5 billion in fines and settlement costs. More importantly, this admission may cost Abbott far more than the money. It may cost them market share and a damaged public image. Depakote is a very popular medication, but poor press around the company’s behavior around the marketing of the product can change the company image in not only the public, but with their direct customers such as hospitals and physicians. This can greatly impact demand for their product, impacting market price and profit for the company. Abbott does have a very large market share compared to their competitors and have diversified to include hospital equipment from IV poles to feeding pumps and heart monitors, so this issue may not impact Abbott financially like it would a much smaller company. However, there is little doubt that it will have an impact but the scale of that impact will be determined by how Abbott addresses the action with the...
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...and soothing aching joints are a habit for Abbott. Abbott Laboratories is a top health care products manufacturer. Its pharmaceuticals include HIV treatments Norvir and Kaletra, rheumatoid arthritis therapy Humira, and Lupron to treat endometriosis and prostate cancer. Its nutritional products division makes such well-known brands as Similac infant formula and the Ensure line of nutrition supplements. But at the same time, its competitors are having different strengths and weaknesses to make them surviving in milk powder industry and to compete with Abbott. The two main competitors of Abbott in Hong Kong that we are focusing on is Mead Johnson and Wyeth, the comparison of strengths and weaknesses will be discussed below. For Mead Johnson, it is a global nutritional company. Mead Johnson has aggressive marketing initiatives, especially driven by Direct-to-Consumer campaigns. Its adult formulas are not perceived as a premium product. The similarities of the strengths for Mead Johnson and Abbott are that, both of the companies, Mead Johnson and Abbott, are very well known for its wide range of infant milk production. Both of them are recognized as nutritional expertise locally, nationally and internationally as their products are distributed in more than 100 countries. Second, both of them are famous in US market. Abbott had 20% in 2009 while Mead Johnson had 32%. Third, they both emphasize their own innovative research and development technology. For Abbott, it has invested US$3.7 billions...
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...Abbott V. Burke Abbott v. Burke are cases about education where the board of education fails to provide adequate education to the urban children. Their claim is that all students should have a right to an equal education regardless of where they are from and how much money they have. There have been a few times that this case has been re opened and wouldn’t surprise me if you hear about it being revisited again. With the recent budget cuts and everything going on in this country it will be only a matter of time before it gets revisited. Abbott v. Burke is a complex case that takes place throughout over two decades. The decisions of the New Jersey Supreme court have led to better and more progressive educational policies and funds in to poor school districts. Initially the case centered on whether or not the poor school districts should be compared to wealthier districts when it comes to considering educational funding, however now it centers on various ways of improving the school systems in the poorer communities. In 1981 on the 5th day of February the education law center, the attorneys for the state of New Jersey’s public school children in the four most needy or poor cities in the state of New Jersey, filed a complaint against several state officials. The complaint was that they were demanding that a thorough and efficient education should be given to those children in these areas as well. Abbott is a model for conducting successful state reform litigation. He conducted...
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...Abbott Laboratories Intro Abbott Laboratories is a 125 year old global diversified pharmaceuticals and health care company. Abbot is a fortune 200 company that has 90,000 employees with a market cap of 58.5 billion trading on the NYSE as the ABT ticker symbol. Abbotts diversifies their business by serving the following biomedical segments: diagnostics, vascular, diabetes, vision, nutrition, pharmaceuticals and animal care. The global presence is in 130 countries and 70% of Abbott’s net sales’ coming from oversees operations and generated 5.96 billion in net income in 2012. The stock price has increase 25.8% in 52 weeks and 19.7% year to date with a range of $29.48-$38.77. The ABT stock yields 1.5% divined yield annually with an earnings per share of 3.29 and a price per earning of 11.4. Abbott current equity holders are 67.9% institutionally held and 32.10% other. Assets held by Abbott are 67.23 bil. and liabilities of 40.51 bil. equaling 26.72 bil. in stockholders equity. Mission Statement We are here for the people we serve in their pursuit of healthy lives. This has been the way of Abbott for more than a century—passionately and thoughtfully translating science into lasting contributions to health. Our products encircle life, from newborns to aging adults, from nutrition and diagnostics through medical care and pharmaceutical therapy. Products and Segments * Diagnostics * Immunoassay and clinical chemistry * Hematology * Molecular ...
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...Corporate Annual - Financial Analysis Corporate Annual - Financial Analysis Abbott (ABT) & Boston Scientific (BSX) Finance 324 Financial Analysis for Managers I DJ Nestrick December 20, 2007 Workshop 3 BSX – Boston Scientific Corporation Background The sale of Guidant to Boston Scientific has been touted as “the biggest Merger and Acquisition blunder since AOL/Time Warner. Analysts claim that Boston Scientific paid too high a price to purchase Guidant, a deal which was originally to take place with J&J – Johnson and Johnson. Additionally, Boston Scientific has issued recalls or warnings on almost 50,000 Guidant cardiac devices. Further, it would take as long as two years to fix its safety problems. On Jan. 17, Boston offered Guidant an offer of $80 per share, totaling of $27 billion, $14 billion in cash and $13 billion in stock. By end of year, 2006, Boston Scientific executives found themselves spending several days a month at Guidant's St. Paul headquarters. They oversee continuing product issues. The company’s tope executives claim that operations are producing zero profit. Abbott (SBT) became the other big winner. Net Sales In 2006, Boston Scientific’s U.S. net sales increased by $988 Million over 2005 (26%). This increase in sales related to $1.1 billion of U.S. net sales from Boston’s newly acquired CRM and...
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...COMPANY PROFILE In 1937, Abbott Philippines started out as an importer and local distributor of Abbott products, working out of its first office located at the Paz Guanzon building in Paco, Manila. After the war, Abbott Laboratories immediately answered the need for medicine and medical supplies by continuing its operations in the country. In 1957, Abbott set up a world-class manufacturing facility on an open lot locater at what now # 102 EDSA corner Madison Street, an address that has served as Abbott Philippines' home for the past 70 years. In response to the business demand for centralizing sourcing, Abbott Philippines closed down its local manufacturing facilities. On the other hand, its Sales and Marketing Operation were beefed up to ensure Abbott's continued competitiveness in the local pharmaceutical and nutritional market. New products were added to its portfolio as Abbott strived to provide the best possible choices to the local community. Abbott Philippines now offers a wide array of health care products, most of which have already become a household names in the country. Who would not know "Gain" and "Gain Plus", "Grow", "Cecon", "Ensure", "Klaricid OD", "Erythrocin", "Iberet", "Pedialyte", "Pediasure", and "Isomil" among others? In April 2001, Knoll Pharmaceuticals, the worldwide pharmaceutical business of BASF Pharma, was integrated into Abbott Philippines, adding into Abbott's already impressive line-up of pharmaceutical brands such medicines like "Reductil...
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...Major Milestones of the Telecommunications Industry 1837 Samuel Morse invents the telegraph - The information age began with the telegraph, which was invented by Samuel F.B. Morse in 1837. This was the first instrument to transform information into electrical form and transmit it reliably over long distances. The earliest form of electrical communication, the original Morse telegraph of 1837 did not use a key and sounder. Instead it was a device designed to print patterns at a distance. 1858 Transoceanic telegraph cable is laid – The transoceanic telegraph cable is an undersea cable running under the Atlantic Ocean used for telegraph communications. The first communications occurred August 16, 1858, reducing the communication time between North America and Europe from ten days, the time it took to deliver a message by ship, to a matter of minutes. 1876 Alexander Graham Bell invents the telephone - The telegraph was followed by Alexander Graham Bell's invention of the telephone in 1876. The magneto-telephone was one of the first telephones on which both transmission and reception were done with the same instrument. 1885 - Incorporation of the American Telephone and Telegraph company (AT&T). After its incorporation in 1885, the American Telephone and Telegraph company dominated the telecommunications market. 1888 - Heinrich Hertz discovers the electromagnetic wave 1895 - Marconi begins experimenting with wireless telegraph 1901 Guglielmo Marconi invented the radio—the...
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...Summary Introduction Hospira is a specialty pharmaceutical and medical delivery company (Advancing, 2006). Since Hospira’s spin off from Abbott Laboratory on April 30, 2004, Hospira has been able to focus on its own business. Hospira is one of the leading companies in development, manufacture and marketing as well as custom manufacturing services. Hospira annual sales are approximately $2.6 billion. For the past two years, Hospira has maintained the annual sales and has proven to be a productive company. Hospira’s success is directly dependent upon the skill, dedication and productivity of its employees. Hospira is responsible for implementing policies and procedures within their area of responsibility. Hospira insures that the philosophies are carried out continuously and effectively for all employees throughout the company (Philosophy, 2006). Hospira’s philosophy is to maintain an open and free exchange of information, problems and complaints between managers and employees. Hospira Hospira has been independent company of Abbott Laboratory since April 2004. This company focuses on products that improve the productivity, safety and efficacy of patient care. Hospira has approximately 13,000 employees. They have fourteen manufacturing plants and five distribution centers. Hospira’s headquarter is located in Lake Forest, Illinois (About Hospira, 2006). Hospira’s objective is to improve patient and workplace safety, clinical outcomes and cost management...
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...Unit 1 Research 1 PT1420 In the 1970s the programming language that was most popular was Pascal. Pascal was designed in 1968-69 but published in 1970. Niklaus Wirth created the Pascal language to “1) make available a language suitable for teaching programming as a systematic discipline based on fundamental concepts clearly by the language, and 2) to define a language whose implementations could be both reliable and efficient on then-available computers. In 1972 the C programming language was developed by Dennis Ritchie. C was created to work with the system Unix. “Unix gives C such advanced features as dynamic variables, multitasking, interrupt handling, forking, and strong, low-level, input-output. Because of this, C is very commonly used to program operating systems such as Unix, Windows, the MacOS, and Linux.” In the 1980s the popular programming language was C++. C++ was developed at Bell Laboratories. C++ is a general purpose multi-paradigm spanning compiled language that has both high-level and low-level languages’ features. It was started as an enhancement to the C programming language, Bjarne Stroustrup in 1979. In the 1990s Java was the popular programming language. It was created in 1991 developed by James Gosling at Sun Microsystems and release in 1995. In the 2000s Visual Basic (VB) was popular in the programming world. VB was developed from BASIC which was originally developed in 1964 by John Kemeny and Thomas Kurts. VB is a Microsoft programing language and software...
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...2/16/2014 Intellectual Property creation witnessing steady growth in India: Report - Economic Times You are here: Home > Collections > India RELATED ARTICLES Budget 2012: Relax corporate tax and surcharges to boost... March 5, 2012 Intellectual Property creation witnessing steady growth in India: Report PTI Jun 26, 2013, 06.43PM IST Bharti Airtel gives IP contract to Alcatel Lucent India June 1, 2012 Tags: Texas Instruments general motors | Mercedes-Benz | investments | intellectual property | Intel | Hewlett-Packard | | gdp | Alstom | Alcatel Lucent Alcatel-Lucent launches IP Transformation Center Septemb er 8, 2009 IN-DEPTH COVERAGE India Intellectual Property Alcatel-lucent Alstom NEW DELHI: The country's contribution to Intellectual Property (IP) creation is witnessing a steady growth, however, investments in R&D and patent activities in the country are still relatively slow when compared to developed nations, a report says. According to globalisation and market expansion advisory firm Zinnov's study 'Enhancing the IP Quotient in MNC R&D centres', IP creation is witnessing steady growth in MNC R&D centres, but investments in R&D and patent activities in India are still relatively slow. (A sector-wise analysis…) The study further said India spends just 1 per cent of its GDP on R&D, while countries like Israel spends 4.2 per cent, Japan 3.7 per cent, US 2.7 per cent and China 2.0 per cent...
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...Electronics rely heavily on electronic switching and amplification to generate and capture the various signals which allow them to operate. A controllable valve that allows a small signal to control a much larger signal does this, and could be related to a controllable valve used in the control of water flow. This was once done by a device known as vacuum tube but was later brought down to a much lower production scale for a variety of industrial, economical and business related reasons. Bell Laboratories, the research arm of telecommunications company American Telephone and Telegraph’s (AT&T) director Mervin Kelly put together the first team of researchers and scientists placed on the task of research and development of a solid state-semiconductor later called a transistor that would supersede vacuum tubes and provide numerous advantages. The success of this development would prove to change the computing, electronics and telecommunications systems altogether. Up until the invention of the transistor a vacuum tube was used in the control, amplification and generation of electrical signals. Vacuum tubes are tubes usually made from glass and designed in an airtight manner as to keep the flow of “cathode rays” from external disturbance as they pass from each terminal and laid the foundation for numerous technical innovations, such as the light bulb discovered by Thomas Edison (fig. 1). Joseph John Thomson further made a vacuum tube and placed a third terminal to attain a grasp...
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