Immediate Issue(s) or Problem(s) The main issue in the case is about the conflict of interest when Mr. De Guzman and the two other directors who processed the transactions convinced Dr. Gonzales to sell the shares to them instead when Cheap Pharma cannot pursue the plan due the problem in one of its factories. With this, it turned out that the directors took advantage of the weakness of the company they are serving. 2. Basic Issue(s) or Associated Issue(s) In every company, it is the responsibility
Introduction Monsanto is a Fortune 500 company committed to sustainable agriculture and working alongside farmers to produce the food the countries need. Monsanto has been involved in not so ethical practices. Monsanto sued Percy Schmeiser for using a Monsanto product, and claimed that it was patent infringement. The court swayed towards Monsanto but didn’t require Schmeiser to pay $400,000. This case study will address the reasons Monsanto’s approach to increase crop production; roles of government in approving genetically engineered crops, and anti-biotech campaigns.
“Medicine, Malice and Monopoly”- this is what the documentary Fire In The Blood by Dylan Mohan Gray talks about. The film was shot across four continents and focuses on the destruction and mass killing that was caused by intentional obstruction caused by Antiretroviral Drugs or the ARVs used for the treatment of HIV from reaching the common people. This monopoly of the Western Pharmaceutical companies was empowered by the patent monopolies and the government doing their bidding. This movie covers the views of the former US president Bill Clinton, intellectual property activist James Love, global health reporter Donald McNeil, HIV treatment activist Zackie Achmat, pioneering generic drugmaker Yusuf Hamied, former Pfizer executive Peter Rost and many more people. The movie is very much impactful as it exposes the reality of the Western Pharmaceutical companies of how they use the patent law to keep the profit exceptionally high at the expense of people’s lives.
McDonald’s believed, according to sources, that the revenue they make from the billions of coffees sold outweigh the legal repercussions of accidents caused by the coffee. Was the alleged tort intentional, negligent, or strict liability? The alleged tort was neither intentional nor did it contain aspects of being strict liability. The alleged tort was obviously negligence on the part of McDonald’s. Extra precautionary care and warnings need to be established to prevent people from being hurt not to mention a decrease in the temperature of the coffee.
Coca-Cola controlled the market structure and maintained its competitive advantage over its competitors. The company therefore managed to have a large share in the soft drinks market that was characterized with few and weak competitors. However, the introduction of Pepsi was worrying. Coca-Cola enjoyed the advantages of a monopoly until the resurgence of Pepsi. Pepsi proved to be a potential competitor.
The cycle of this lawsuit ended in August 2012, when a court in California ordered Samsung to pay Apple more than one billion dollars in damages for infringement of intellectual property of Appleʼs iPhone and iPad technology and design. The animosity between Apple and Samsung is common in the modern market. The conflict of these technology companies helps us understand two aspects of the game theory that lie behind effective conflict management and
Whole Foods image was hurt by the “Whole Paycheck” reputation and the high prices are limiting Whole Foods from growing their customer base. Opportunities Whole Foods currently has relate to Amazon’s buyout of the company. Having an industry giant like Amazon as a parent company allows Whole Foods greater amount of bargaining power over their suppliers. Amazon also allows Whole Foods to enter into the e-commerce market. Whole Foods also has the ability to become the first global organic food store.
The president Roh Moo-Hyun began to discuss in earnest the activation of private health insurance, and hospitals profit management. And then the Lee Myung-Bak government tried to privatize the medical system in 2008 but withdrew it in a short run, experiencing the crisis of regime with the candlelight rally against government’s American beef imports. Nevertheless, he didn’t stop it and the Park Geun-Hye government had given
Under TRIPS agreement, protection was provided to patented drugs which were discovered after 1995. There have been many patent wars between the low cost generics producing Indian pharma companies and the MNC’s. Indian government has provided substantial support to the local pharma companies helping them gain a stronghold in India and also enter the business globally. Recently, the supreme court of India had rejected the appeal of the Swiss pharma major, Novartis. The court had classified the drug as an incremental innovation done to extend the life of the patent.
The judge eventually reduced the payout to $600 million. In November 2013, another jury ruled that Samsung would have to pay Apple $290 million of the amount overruled by the judge in the 2012 case. Starbucks and Kraft Foods • A three-year dispute between Starbucks and Kraft Foods over distribution of Starbucks packaged coffee in grocery stores was resolved on November 12 with ascription ruling that Starbucks had breached its agreement with Kraft. The coffee maker was ordered to pay the food giant $2.75