Premium Essay

Week 4 Learning Team Reflection

In: Business and Management

Submitted By tangie412
Words 1164
Pages 5
Week 4 Learning Team Reflection
Faruque Ahamed, Siead Hasan, Ralph Kitson, and Sangeeta Walia-Chopra
FIN/571
February 10, 2014
Beatrice Jones

In Groton, Connecticut stands one of the largest industrial drug complexes on earth. The structure is 2.8 million square feet and it rests on a place of land that is approximately 160 acres of land. The site was designed to offer the best to drug researchers including flexible office space with mobile accommodations. Such a space offers 250,000 square feet of dedicated facilities that are designed to maximize drug research for profit (Pfizer, 2014). The building even saves money by being self-sustaining with electric car charging stations, micro-turbines and photo-voltaic cells. Research at the Groton facility is devoted to comparative medicine, drug safety, clinical trials, pharmaceuticals, medicinal chemistry, pharmacokinetics and medical dynamics. This entire profile is committedto a company that is unafraid to spend money to make billions in profits. Pfizer is the largest research based drug company in the world with 65 billion dollars in revenue (Pfizer, 2014). Pfizer invests heavily in developing their unique signature pharmaceutical products. For Pfizer a successful drug product has four phases. Phase one is approximately 100 million dollars of investment. Testing is done in labs for several years, from there it is then tested on a small sample population of healthy humans to determine its viability. If successful in phase one, it moves onto phase two, where it is tested on a diseased population. For example, the product Lipitor went through this process. In phase three the new drug is tested on a large patient population, during which it has become FDA approved (Glenn Carter, 2007). The fourth phase of testing is with a very large population. Typically the new drug can be…...

Similar Documents

Free Essay

Week 4 Learning Team

...When the learning team assignments were posted, each member of the team quickly began to communicate with each other and the ideas on effective strategies began to flow. We used the forum to gather our ideas as to the best way to communicate and share our ideas, and we all felt using the forum for all of the team communication would be the most effective way to keep everyone informed and accountable for the team projects. There was a mention of swapping phone numbers, but that has never had to happen. Living in different areas of the country and in different times zones would make any real time communication difficult, if not impossible for the team. Right from the start, we appointed leaders for each of the 4 weeks and began dividing up the work so that everyone would be participating equally. Different threads were created for different topics so that we would know exactly where the information we were looking for or needed to post belonged. Everyone has been very cooperative and attentive to the team and we have all been doing an equal share of the assignments. The team leaders for each week have been posting the required work for the week on the forum and the work is divided and assigned to each team member. The leaders also post their expectations of the team for that week and the deadlines for when they expect the work. Once the team leader has put together the final paper they have been posting it final on the forum for the rest of the team to review. All...

Words: 337 - Pages: 2

Premium Essay

Week 4 Team Reflection

...Week 4 Reflection MKT/421 Week Four Reflection Once again, Team C has had another week full of different information, which is critical to each persons’ major. In order to ensure that each member understood important parts of week four, each member chose an objective and wrote about it. Objectives which were discussed among team members of Team C include the channel of distribution, push and pull strategies, and direct and indirect distribution strategies. Channels of Distribution Channels of distribution are any series of firms or individuals who participate in the flow of products form producer to final user or consumer (Perreault, Cannon, & McCarthy, 2011, p. 284). The flow of products between the firm, intermediaries, and consumers is a large part of the overall profit margin of a firm that requires marketing teams to dedicate substantial time and planning towards choosing the appropriate channels. Distribution channels are a firms way in which they can get products to from manufacture to intermediaries and consumers in a direct or indirect manner that revolve around the Place within the marketing mix.  Direct and Indirect Distribution The direct method of distribution channels involves going directly to the consumer. Firms bypass the intermediary (wholesaler) and issue the product to the consumer at the wholesaler’s price. This method is most often used for......

Words: 710 - Pages: 3

Premium Essay

Week 4 Team Reflection

...Week 4 Team Reflection Dana Sweet, Daniel Marquez, Diana Bak, Donna Eastwood, and Kimberly Dillman July 28, 2013 ECO/372 Kevin Mc Kinley Week 4 Team Reflection Already we are into week four of our class in macroeconomics. This week held some insights for us all. We learned about assets, deficits, surplus, and debts. We also learned about fiscal policy and the problems involved with it. We all enjoyed the discussion questions. Everyone had their own beliefs about the system and how to change the OPEC oligopoly. It was all very interesting. Kimberly states in week four the material covers deficits, surplus, debt, and assets. First the material defines deficits and surplus that was easy to comprehend and extremely enlightening. As a former college student majoring in business the terms should be comprehendible but was surprising to learn the true meaning of both deficits and surplus. Deficits and surplus are both dealing with money, first the chapter 17 defines deficits as a shortfall in revenues under payments, explaining that surplus was the opposite, and this was easily understood. After further detail about deficits and surplus the chapter later introduces the definition of debt and assets is common knowledge. The material goes on to explain the difference between individual and government debt. The material concludes the chapter by explaining the burden of the US government deficits or debt. Kimberly also believed that in......

Words: 1191 - Pages: 5

Premium Essay

Week Four Learning Team Reflection

...Reflections Week Four Learning Team E Andrew Appleton, Samuel Bowers, Martha Martin Jennifer Payton RES/351 November 4, 2013 Joshua West Reflections Week Four Learning Team E The objectives for week four reflections are: Differentiate between qualitative and quantitative methods of research. Explain commonly used qualitative research designs and quantitative research designs. Select the appropriate type of research design in a given business situation. Team member Mandy discussed that qualitative research is a systematic subjective approach used to describe life experiences and give them meaning. This includes focus groups, in-depth interviews, and reviews of documents for types of themes. This most commonly used in Health Care. Quantitative research is a formal, objective, systematic process for obtaining the precise measurement of something. This includes surveys, structural interviews and observation, reviews of records or documents for numeric information. This is commonly used in Education research. If a clothing company sells blue jeans and they want to measure the impact of the company by changing the product from blue jeans to black jeans, this would be a causal research design. Further discussion within the subject by team member Joann consisted of the importance to understand the difference between qualitative and quantitative methods of research. In qualitative method of research is designed to know more about the subject’s feelings. This would be......

Words: 452 - Pages: 2

Premium Essay

Week 4 Learning Team Reflection: Cost-Volume-Profit

...Week 4 Learning Team Reflection Bassam Abukhodair, Michael Dobs, Dhavanika Patel, Jeffrey Smith University of Phoenix ACC/561 - Professor Cathleen Davis Due: October 21, 2013 Week 4 Learning Team Reflection Whereas Wiley eloquently states that Cost-Volume-Profit (CVP) is the examination of numbers and values or more specifically the study of the effects of changes in costs and volume on a company's profits, it is at its most basic level so much more; it is essentially the study of relationships. It explores the production of a particular item along with its associated costs and production volumes and evaluates the relationship shared with a company’s ultimate goal; profit. Within this, “study of relationships,” it also examines the effects of change on the relationships between cost, volume and profit. Utilized properly, a CVP analysis can be a company’s greatest tool (Kimmel, Weygandt, & Kieso, 2011) The Components of CVP In order for CVP to be accurate, it makes certain assumptions, all of which must remain true and accurate for the CVP analysis also to remain true and accurate. To this end, the costs and resulting revenue must remain linear throughout the life of a product or more specifically, a particular production line. Costs are established as fixed or variable and are affected only by changes in activity. Finally, if a product or product line consists of two or more items, the relationship of all items involved must remain consistent. A thorough......

Words: 1076 - Pages: 5

Free Essay

Fin 370 Learning Team Week 4

...Learning Team B Summary/Reflection University of Phoenix Finance For Business FIN/370 XXX XXXXX Learning Team B Summary/Reflection Introduction In week four we covered various topics such as Capital structure, market capitalization, the effects of financing strategies on capital cost, and discussed differences of leasing vs. buying and how the there are requirements that financial companies are incompliance. We were also asked to calculate favorable and unfavorable financial leverage and interest. XXXX In week four of FIN/370, I learned many things related to financing and capital budgeting structure. We talked SOX and the requirements that the SEC sets forth for organizations to ensure financial compliance. This was a topic that I had quite a bit if firsthand knowledge with because when out SOX was first introduced our organization took it seriously and each employee of the company from the top down was responsible to attend the training and would be held accountable for their actions at every level of the organization. We also had good discuss about lease versus purchase and which option is better for individuals. It was interesting to see the different outlooks and opinions that other people had relating to whether they preferred leasing or purchasing. We had our week four calculation problems again which I struggled with several of them this week but not quite as many as the week before.  I have watched the videos and utilized other sources to answer the......

Words: 874 - Pages: 4

Free Essay

Law 531 Learning Team Reflection Week 5

...Learning Team Reflection - Exide Technologies Business Law - Law 531 March 23, 2015 Instructor: Learning Team Reflection - Exide Technologies Exide Technologies in Vernon, California is an example of a company which failed to comply with government regulations requiring them to properly handle and dispose of toxic battery waste. This case also highlights the negligence in part by state officials regarding violations discovered over a period of almost two decades. These violations included battery acid draining into a manholes and lead waste stored in open containers causing the toxic waste to be exposed. There are consquences when a company such as Exide Technologies fail to comply with state and federal regulations which could ultimately hinder their sustainability and financial prosperity. Principles of regulatory compliance requirements. According to Exide Technologies website, they are committed to comply with applicable legal requirements and other requirements related to environmental aspect. Due to the numerous violations discovered in the Vernon plant, Exide agreed to shut down the plant as a plea agreement to avoid any future criminal charges and additional fines. In addition to the plant shutting down, they were order to decontaminate the site in which they worked due to high levels of lead and arsenic emissions. Exide Technologies was not only mishandling their toxic waste, but they were not complying with all applicable governmental laws and......

Words: 873 - Pages: 4

Premium Essay

Week 4 Learning Team

... Week 4 Learning Team Reflection Anitra Stephens, April Bates, Calvin Beidleman, Nikki Torres, Raymond Wentler, Sean Lechman, Russell Wall FIN/571 April 13, 2015 Gurpreet Atwal Week 4 Learning Team Reflection Introduction Stock valuation is needed to ensuring the value of an organization’s stock and worth in the industry. There are various measuring methods that organizations can use to determining and establishing the value. Some of the methods and the reason for valuation have been identified below. Stock types and bonds: The stock valuation video covered the different types of stocks and well as bonds. There are common stocks and preferred stocks. Preferred stocks are considered to be a hybrid between a common stock and a bond. This form of stock will have no maturity and can be sometimes redeemable. A common stock is when an individual purchases a share of an organization and they own that share until they want to sell their share for the market value. A debt or a bond is another form of investment that private investors can use. A bond is a contract which has a set time period, as well as set cash flows. Once the bond is matured then the investor will receive their set return amount, although investors who have bonds will receive their return on investment before the stockholders. Assumptions and Indexes: Assumptions made on the valuation of a stock or company’s value in the future are crucial when determining the future value of a company based on its......

Words: 574 - Pages: 3

Premium Essay

Learning Team Reflection: Week Four

...Economics/561 June 21, 2011 Learning Team Reflection: Week Four Team A group discussion for week 4 focus on the first topic of Gross Domestic Product (GDP). GDP is the basic measure of an economy economic performance. This is the market value of the total quantity of final goods and services produced over the specified time period. The GDP is actually measured quarterly, but the number is then multiplied by four, so that the amount is in annual terms (Mankiw, 2010). In order for our team to understand this measure, we all agreed that it is necessary to first understand the concept of a final product. The GDP does not measure the market value of everything that is produced, because this would entail double counting. Each final product includes intermediate goods whose value is included in the value of the final product. Take, for example, a simple loaf of bread: the loaf is made from flour (and other ingredients), the flour is made from (say) wheat, and the wheat is grown from seeds. The value of the bread (the final product) includes the value of the flour, which includes the value of the wheat, which includes the value of the seeds. The GDP includes the market value of the bread — it does not then add the value of the flour, the value of the wheat and the value of the seeds. The value of a final product is also the value of the incomes of everyone involved in the production of both the final product and the intermediate goods that went into its production......

Words: 784 - Pages: 4

Premium Essay

Learning Team Reflection: Week 2

...Learning Team Weekly Reflection Jennifer Naccarato, Nancy Perez, Anthony Aguirre, Edward Felix MGT/498 May 5, 2015 Dr. Tim Fish Learning Team Weekly Reflection The team discussed the topics covered in the reading material and concluded that it is difficult to forecast and foresee what is significant enough to understand what is applicable information to work with for the success of each of the companies. Seeing as we have each worked in an individual department within the organization, we are unable to predict and foresee when we are not aware of necessary information to understand what direction to go in. We are expecting to learn how to think outside the box and have the capacity to see the big picture. The team knows how strategic management could be advantageous to an organization, and how ethics should be a part of that too. We have seen in our companies on various occasions where people have committed wrong actions and how it could hurt the organization. Those actions can slowly or swiftly take over and destroy an organization. Such unethical behaviors can disrupt the goals of the company to perform efficiently and effectively. After finishing the homework and reading the objectives, the team was comfortable discussing both internal and external environmental scans and how it is not the same as a SWOT analysis. Environmental scanning is composed of observation, reviewing, and finally circulating the data assembled from internal and external environments based...

Words: 603 - Pages: 3

Premium Essay

Eco 372 Week 4 Team Reflection

...Learning Team Reflection: Supply Chain and Demand Definitions Supply Chain According to Investopedia the Supply Chain is defined as the network created amongst different companies producing, handling and/or distributing a specific product. Specifically, the supply chain encompasses the steps it takes to get a good or service from the supplier to the customer. Supply and Demand In classical economic theory, the relation between these two factors determines the price of a commodity. This relationship is thought to be the driving force in a free market. As demand for an item increases, prices rise. When manufacturers respond to the price increase by producing a larger supply of that item, this increases competition and drives the price down. Modern economic theory proposes that many other factors affect price, including government regulations, monopolies, and modern techniques of marketing and advertising (dictionary.reference.com). Relationship The supply chain and supply and demand model are very similar because they both work hand and hand to be successful. Both models can be used to project much needed information of what consumers purchase and the amount they will pay for it. This is very useful to the stakeholders, involved in this process. Essentially these models can predict the consumer’s wants and needs for products on the market and for researching future products. The customers wants is what drives the supply chain. In the demand model the customer is at...

Words: 350 - Pages: 2

Premium Essay

Hrm 531 Week 2 Learning Team Reflection

...Week Two Learning Team Reflection HRM / 531 Team C has chosen to go with the small business, we have come up with principles and strategies that would apply to Mr. Stonefield Limousine Company. Whether it is a small or large business entity our team agrees that every employer should be familiar with the employment laws and regulations which also vary from state to state. It is our team recommendation that the business should make it a priority to stay in compliance. Since Mr Stonefield business will be operating in Austin, Texas he needs to make certain that he is with compliance with Texas state employment laws and Federal laws regulations. We will be addressing a list of laws that we feel that are very important for Mr. Stonefield Limousine service. Title VII The main federal statute prohibiting job discrimination is Title VII of the Civil Rights Act of 1964. Title VII prohibits discrimination by an employer against any individual with respect to his or her compensation, terms, conditions, or privileges of employment, based upon that individual’s race, color, religion, sex, or national origin. Under Title VII then, employers cannot use any of these factors in determining whether to hire or not to hire a certain applicant. ("Employers Guide To General Employment Law", 2008). The Americans with Disabilities Act (“ADA”) makes it unlawful for an employer to: 1. Limit, segregate, or classify an applicant or employee in a way that adversely affects the......

Words: 1056 - Pages: 5

Premium Essay

Learning Team Week 3 Reflection

...Learning Team Reflection Marlon Bailey, Timothy Granger, Nadia Martinez, and Sherie Ralston MGT 598 August 3, 2015 Dr. James Bottorff Learning Team Reflection During Week, Three Learning Team B will discuss this week’s objectives with our team. This paper will explain the topics we feel comfortable with, any topics the team members struggles with, and how the weekly topics relate to application in each of our fields. Steeple The topic Sherie struggled with was Steeple. “To take a closer look at the business system and ‘bigger picture' factors in which the business operates; it is useful to use a technique like the STEEPLE analysis. STEEPLE, like SWOT, is an acronym. It stands for ‘social (demographic), technological, economic, environmental (natural), political, legal and ethical’ factors” (Wickham & Wickham, 2008, p. 129). Sherie was unaware of how effective these tools are to help organizations monitor changes that take place in the environment of the organization. She learned that these tools played a significant role for any organization regardless of their products, services, and their industry. Balanced Scorecard After reading the paper by Kaplan and Norton, Timothy discovered through other readings that they are somewhat the basis for using the balanced scorecard system. Although at first it seemed a little foreign to him, he discovered that most companies only take the tangible items that are backed with a financial gain to assess the corporation's...

Words: 803 - Pages: 4

Free Essay

Learning Team Reflection Week 6 Mgt/521

... Learning Team Reflection MGT/521 September 14, 2015 Sandra Griffin Learning Team Reflection Stephanie Ledford - Introduction Henry Lehman, a German immigrant, founded a small grocery store in Montgomery, Alabama in 1844. Then in 1850 along with his two brothers they founded Lehman Brothers. Lehman Brothers started as a general merchandising business and evolved into a commodities broker (Investopdeia Staff, 2009). The American Civil War would prove to be an early challenge, followed by the Great Depression in the early part of the 20th Century. The swift development of railroads across the United States was an advantage the Lehman Brothers were able to utilize and led the company to serve as financial advisors and underwriters for the railroad companies. In 1920, Robert Lehman became a partner and moved into a leadership role. He centered his leadership role on the belief that consumption was the key versus production. Because of this firm belief, Lehman Brothers prospered with financing for airline and motion picture companies. The age of electric in the 1950’s, capital market growth in the 1960’s, the rise of international business in the 1970’s, and the focus of mergers and acquisitions in the 1980’s helped Lehman Brothers grow as a company. From the outside, it appeared that Lehman Brothers was performing well as a company. The bubble burst for the company in 2008 when the subprime mortgage lending crises hit the United States. Lehman Brothers filed bankruptcy......

Words: 1481 - Pages: 6

Premium Essay

Learning Team a Reflection Week 4 Mgt311

...Week 4 Learning Team Reflection MGT/311 April 2, 2012 Christin Stadsklev Week 4 Learning Team Reflection The objectives for this week were: Analyze the influence of organizational structure on behavior, analyze the influence of organizational culture on behavior, and analyze the influence of power and politics on behavior. The organizational structure is the foundation of the organization functions. The structure affects the behavior of the organization members. The behavior is influence by the organization structure is assumed by pervasive. Strategy, Size, technology and environment determine structural design (mechanistic or organic). Mechanistic structure with its high formalization and specialization, tight controls, and strict adherence to the chain of command will see employee behavior within a narrow range. In the mechanistic structure employee know exactly how to behave and there is little room for deviation (Robbins & Judge, 2011). The organic structure is quite the opposite. In an organic structure there is low formalization, limited specialization, and a wide span of control there for employees have greater freedom and greater behavioral diversity (Robbins & Judge, 2011). “Culture is the social glue that helps hold the organization together by providing appropriate standards for whet employees should say and do” (Robbins & Judge, 2011, p. 523). In other words, the company’s spoken and unspoken standards of behavior. In a strong......

Words: 555 - Pages: 3

Máy tính bảng Apple iPad Air 2 Cellular - 64GB, Wifi + 3G/ 4G, 9.7 inch | Bennington Weather Jacket Raincover Deluxe Regenüberzug Golfbag UVP € 59,95 | Kevin Guthrie