After navigating through the Fortune 500 list, the following industrial observations are visible:
The top three U.S. pharmaceutical companies based on profits are: Gilead Sciences ($18,108 million), Johnson & Johnson ($15,409 million), and Pfizer ($6,960 million) (Beta.fortune.com).
The top three U.S. pharmaceutical companies based on profits are: Gilead Sciences ($18,108 million), Johnson & Johnson ($15,409 million), and Pfizer ($6,960 million) (Beta.fortune.com).
The three U.S. pharmaceutical companies with the least profits are: NBTY ($74 million), Alexion Pharmaceuticals ($144 million), and Zoetis ($339 million) (Beta.fortune.com).
Merck’s U.S. sales grew over the past year because of exceptional performance of its cancer and diabetes medications, as well as its acquisition of Cubist Pharmaceuticals, an antibiotic maker (Beta.fortune.com).
Despite its remarkable total sales upsurge, Merck’s experienced a -6.5% slid in its total revenue over the past year because of currency fluctuations and divestments (Beta.fortune.com).
Calpine, which is the subject of my term paper ranks position 402 in the fortune list with a revenue estimate of $6,472 million. Over the past one year its total revenues and profits dipped by a margin of -19.4% and -75.2% respectively. Overall, it only recorded a profit of $235 million. As regards to earnings per share, there was also a slid of -72.3% from the previous year, just as it was the case with return to customers that experienced a decline of -34.6% (Beta.fortune.com).
Question 2
From the corporate website of Merck, the following are discernible:
The mission of the company is to discover, develop, and provide innovative products and services that save and improve the lives of people around the world. On the other hand its vision aims at making a difference in the lives of people through innovative health products, including medicines and vaccines (Merck.com).
In my opinion, the mission and vision statements of Merck meet the criteria we divulged in class, firstly because they are brief and precise. Secondly, both of them can be memorized and key stakeholders such as the company’s Chief Executive Officer cannot experience any difficulty memorizing them before an audience. Thirdly, they are unique in the sense that they outline the purpose of the company. Finally, both statements are realistic and current.
According to the site, the values that guide the behavior of the company include the desire to improve the quality of life, achieve scientific excellence, operate with the highest level of integrity, expand access to its products, and to employ a diverse workforce that cherishes teamwork (Merk.com).
After studying the Code of Conduct document prepared by Merc, it is clear that it is intended to inform its key stakeholders, namely, customers, employees, shareholders, suppliers, and the community. On the whole, the entire document aligns with all the core values of the parent company, especially the one where the company commits itself to the highest level of operational integrity. Notably, throughout the document it is evident that the firm believes in honest principles such as confidentiality, fairness, privacy, and respect that make it a good corporate citizen and a reliable partner to its stakeholders.
Merck & Co., Inc. “Our Values and Standards, the Basis of our Success: Code of Conduct, Edition III.” Kenilworth, New Jersey, n.d. Web. 7 February. 2017.
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