Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Question
Chapter 3, Problem 3ED
Summary Introduction
Case summary:
AH Biotech has come up with a drug which could offer relief from the panic attacks. Dr. Abraham Hassan had to take the decision of where to do the large scale clinical tests, in USA where the doctors as well as patients for testing would not only be difficult to find but costly or to do the testing in Albania as suggested by David Berger, chief research and development, where it would not only be cheap but available in plenty.
Characters in the case:
Dr. Abraham Hassan, David Berger are the main characters in this case. The case also mentions the doctors and patients in Albania as well as US.
Adequate information:
The panic attacks are not generally fatal, but the chest pain, the choking feeling could be severe enough to make normal life impossible. Abraham Hassan is Egyptian born, but U.S. trained.
To determine:
If the clinical testing should be done in Albania, and then after the approval of the drug, a program to be set in Albania for distribution system and training doctors to administer the drug in Albania.
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5. Many people compare the COVID-19 pandemic with climate change. Thinking about market
failures and incentives, why might we expect individuals and countries to invest more effort to.
prevent the spread of the virus than to prevent climate change?
3.3)
In your opinion, do you think the Covid-19 pandemic is a source of stress formanagers? Justify your answer by discussing at least two key points.
1. With reference to the above case identify and profile an upcoming entrepreneur in your community and further assess how their business has been affected by the COVID-19 pandemic. Describe the importance of strategic planning for entrepreneurs especially at this time.*describe how strategic planning can be adopted by this entrepreneur during this time.
2. With reference to the above case in which the entrepreneur has been identified, state which three main resources the entrepreneur would require to revive their business and how would they use these resources to do so.
*Any three resources could be identified the must relate to the business.
Chapter 3 Solutions
Understanding Management (MindTap Course List)
Ch. 3 - Prob. 1OTJVCCh. 3 - Prob. 2OTJVCCh. 3 - Prob. 3OTJVCCh. 3 - Prob. 1DQCh. 3 - Prob. 2DQCh. 3 - Prob. 3DQCh. 3 - Prob. 4DQCh. 3 - Prob. 5DQCh. 3 - Prob. 6DQCh. 3 - Prob. 7DQ
Ch. 3 - Prob. 8DQCh. 3 - Prob. 9DQCh. 3 - Prob. 10DQCh. 3 - Prob. 1SLCh. 3 - Prob. 2SLCh. 3 - Prob. 3SLCh. 3 - Prob. 4SLCh. 3 - Prob. 5SLCh. 3 - Prob. 6SLCh. 3 - Prob. 7SLCh. 3 - Prob. 8SLCh. 3 - Prob. 9SLCh. 3 - Prob. 10SLCh. 3 - Prob. 1GLCh. 3 - Prob. 2GLCh. 3 - Prob. 3GLCh. 3 - Prob. 4GLCh. 3 - Prob. 5GLCh. 3 - Prob. 6GLCh. 3 - Prob. 7GLCh. 3 - Prob. 8GLCh. 3 - Prob. 9GLCh. 3 - Prob. 10GLCh. 3 - Prob. 1ALCh. 3 - Prob. 2ALCh. 3 - Prob. 3ALCh. 3 - Prob. 4ALCh. 3 - Prob. 1EDCh. 3 - Prob. 2EDCh. 3 - Prob. 3EDCh. 3 - Prob. 1CFCACh. 3 - Prob. 2CFCACh. 3 - Prob. 3CFCA
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