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Essay / Research Paper Abstract
Merck faced changes in 2005 there was the introduction of new systems, changes to cooperate governance and a unification of the firm. This 3 page paper looks at the changes that took place and the challenges of making those changes.
Page Count:
3 pages (~225 words per page)
File: TS14_TEmerckch.rtf
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Unformatted sample text from the term paper:
strategy which was adopted by the company there are a number of elements which included the strengthening of the corporate governance processes, dealing with the structure of the organization and
developing new strategies to take the company forward. It may be argued of the two most important elements of the strategy included dealing
with corporate governance issues, to strengthen his framework, as well as looking at the structure the organization as a whole so that it could be put together in order to
create synergy and value. When examining the external environment there are many changes taking place. A number of different scandal to taken place, some including drug companies, regarding the way
that ethics and morals, as well as internal practices were taking place. There are a number of frameworks which have been developed in order to support corporate governance which have
gained a high level of attention, and with increasing awareness of the issues that can arise from poor corporate governance procedures implementation of stronger processes was essential. Although the company
may not have been at immediate risk, the potential damage which could result from a corporate governance failure can do long-term and extensive damage to the company on its reputation
and its financial performance. The structural considerations may be argued as necessary from an economic standpoint. The environment within which the organization was
traded was changing at a rapid rate, a number of different in creases in costs combined with downward pressure on prices from health care management companies meant that the company
needed to create value was reducing costs. Creating internal synergy for a more integrated organizational structure could provide many benefits, including increased economic efficiency as well as easy transfer of
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