Sunday, September 15, 2019
Access to Medicines in Developing Countries Essay
One of the appalling statistics that came out of a survey in 2000 was the percentage of the HIV/AIDS infections in Africa. It was reported that nearly 80% of the total number of affected people was from this continent. Now if this report sounds dreadful, one might get a bigger shock by looking at the picture of modern healthcare methodologies in Africa. Despite being a developing nation, Africa gets scarcely one percent of modern drugs. The value of all medical drugs transported to Africa amounts to the expenses spent on advertising by the leading pharmaceutical companies in the United States of America. Under the light of this reality, this paper is going to discuss the genuine scenario in developing countries that donââ¬â¢t have an affordable access to life-saving medicines. It might be noted that access to medicines is a fundamental human right, and there is a yawning gap between crisis and cure in a capitalistic social setup. Due to increased political pressure, many drug manufacturing companies have been forced to review their business strategies and produce medicines that are relatively less expensive. Moreover, it is also mandatory to formulate a well-organized delivery system that would ensure a proper and timely delivery of the medicinal goods to Africa and other Third World countries. Modern healthcare remedies are needed to be deployed in order to combat the menace of HIV and other diseases in the underprivileged tropics. (ââ¬Å"Access to Medicine in Developing Countriesâ⬠, 2000) Access to medicine in developing countries has always been a matter of great disputation, mainly because of the convoluted interaction between macroeconomic development, patterns of diseases and healthcare requirements and provisions. It has been an inescapable paradox for many countries where the national economic status can only be attained by improved health status. Hence, lack of supply of life-saving drugs hinders the scope and opportunity of national healthcare. (ââ¬Å"Improving Access to Medicines in Developing Countriesâ⬠, 2005) The impoverished countries find it a mammoth task to meet both ends successfully. It has been proposed that only a large scale international funding can inject some fruitful results in the context of healthcare and economic boost. The World Health Organization (WHO) and the World Trade Organization (WTO) are working together to provide the best possible framework for improved health status as well as the macroeconomic development of developing nations. WTO is primarily concerned with the organized growth of a capitalist, free market global economy. On the other hand, WHO is focused on improving health conditions by providing healthcare models that can be applied to both developed as well as developing nations. Institutional and public sector frameworks play a crucial role in realizing the objectives of WHO to the best possible extent. The newly incepted Global Health Fund is working relentlessly to provide remedies for HIV/AIDS, TB and Malaria. The Trade-Related Aspects of Intellectual Property Rights (TRIPS agreement) are held, in some cases, as obstacles for access to essential medicines in developing countries. Ever since WTO finalized the TRIPS agreement in April 1994, this issue has been a matter of great debate. The main problems in accessing medicines, as viewed by experts, are the increasing expenses, which can shoot up to 66% of total expenditure in developing nations. Todayââ¬â¢s scenario as far as having access to essential medicines is concerned is an alarming one, with more than one-third of the worldââ¬â¢s population are deprived of indispensable drugs. According to the WHO, developing countries, especially those in Asia and Africa, must be provided with an all-encompassing solution in terms of health priority problems, and they must be able to gain access to life-saving medicines at an affordable deal. To make matters worse, the poorer section of societies in developing countries find themselves all at sea due to their inability to physically access life-saving drugs. So both availability and affordability are the key areas of concern. Now under these circumstances, the introduction of strong and worldwide product patents for drugs, as implemented through the TRIPS agreement, may cause drastic increase in prices for essential medicines. The ââ¬Ëlegal monopolyââ¬â¢ that comes with such rigid patent system prevents anybody from producing, selling or distributing medicines in an unauthorized manner. Even if there is no patent laws, access to medicines is going to be a problem for the developing countries, due to adequate purchasing capabilities and required infrastructure. Majority of the medicines for HIV/AIDS are still under ââ¬Ëliveââ¬â¢ patent coverage. It doesnââ¬â¢t make for affordable access to such medicines either. And since more than 95% of HIV/AIDS affected people are from developing countries, and 50% of them belong to the productive age group of below 25 years, serious socio-economic consequences are perceived with very little signs of relief. Before TRIPS were put to effect, most developing countries and some developed countries did not impose patent laws on medicines even if they were manufactured with innovative technological aids. But today, most of these nations being WTO members have to enforce the patent laws laid down by TRIPS. This has led to hike in prices of patented medicines. It is worth noticing that even under the TRIPS guidelines, patents are to be given only on applications received from 1995 onwards for new therapeutic inventions. So any medicine manufactured before 1995 should not be unaffordable for the developing nations. Manufacturers of the newer and more innovative pharmaceutical products file for patents only in countries where business of piracy runs rampant. Parallel import of drugs is another important issue that came into consideration after the TRIPS agreement. The Intellectual Property Rights owners of specific brands of medicines face problems when goods, legally distributed in the market of one country, are imported to another without the necessary legal authorization. Now, as long as there is no discrepancy in Intellectual Property Rights in two different countries, article 6 of TRIPS defends parallel import. But considering the economic side of such imports, it might be noted that price of the same medicine in one country may rise or fall to a great extent in another. So developing countries, without violating the Intellectual Property Rights protection, may find a way out to access essential but expensive drugs from its neighboring countries. (Watal, J. 2000) In addition to what is discussed above, one must bear in mind the supply side process concerning manufacture and distribution of medicines. The specific issue related to accessibility to medicines is directly linked with the development and implementation of more efficient and cost-effective measures in manufacturing and distributing drugs. A number of speculative theories and ideologies have been put forward to address the issue of maximizing the available resources to achieve a standardized health status around the globe. However, the aim of this paper is not to get into a particular ideological standpoint, or to promote distinct solutions, but to gain a deeper insight into the real constraints of manufacturing and distributive activities. One has to take into account the diverse theoretical concepts, the macroeconomic environment of international economics and technological nuances of the pharmaceutical sectors. Once we identify the constraints, it will be easier to suggest feasible solutions in terms of easy and regular access to medicines for the developing countries. The policies adopted by pharmaceutical companies are worth taking a look at.
Saturday, September 14, 2019
European Commissionââ¬â¢s Approach towards the Article 81 EC Essay
Introduction The objective of Article 81 is to limit restrictive agreements and other modes of complicity between independent firms in horizontal as well as vertical relationships[1]. Some instances of such prohibited practices are, ââ¬Å"price fixing; limiting or controlling production, markets, technical development or investment; sharing markets or sources of supply; applying dissimilar conditions to equivalent transactions; making the conclusion of contracts subject to supplementary obligations that have no connection with the subject of the contracts[2].â⬠Moreover, it is immaterial if Article 81(1)[3] EC is implemented in such a fashion that most of the agreements that curtail economic freedom would be caught without any economic analysis having been performed[4]. The EC has commenced to apply a new economic approach and simultaneously the ECJ has accepted the fact that a proper rule of reason analysis has to be conducted under Article 81(3)[5]. The underlying principle of Article 3(g) of the EC Treaty[6] is to implement ââ¬Ëa systemâ⬠¦ [which ensures that] competition in the internal market is not distorted[7].â⬠Prohibition of concerted practices, abuse of a dominant position and state aid is restricted to practices that affect trade between the Member States and ignores practices that influence domestic trade[8]. Nevertheless, Article 81 EC permits anti-competitive practices whose pro-competitive results overshadow their anti-competitive consequences[9]. à In the sequel the scope of Article 81 EC has been discussed, in respect of anticompetitive issues. In this regard the substantive laws restricting the anticompetitive effects of markets and the procedural controls like prohibition and exemptions concerning public policy and economic approach have been discussed at length. In this context relevant case laws have been discussed. The contemporary tendency is to restrict competitive agreements. The Commission has implemented a more economic approach by means of the rule of reason in Article 81(1) EC, which has assisted decentralization with regard to the enforcement of Article 81(3) EC[10]. Free Competition In order to ensure free competition in the Single Market, agreements which not only have a significant effect on the trade between the Member States but also prevent, restrict or distort competition in the Single Market are prohibited by Article 81[11]. Article 81 EC contains a list of practices that are usually excluded[12]. These relate mainly to licensing agreements for patents and other intellectual property rights. Competition Law Test In general, the Commissionââ¬â¢s exemption policy favours the application of a competition law test. The block exemption on vertical restraints is merely an interchange between curbing intrabrand competition and encouragement of interbrand competition[13]. The European Commission is authorized to remove the advantage of an exemption in respect of agreements that are at variance with Article 81(3)[14]. Vertical Agreements The national authorities can deprive vertical agreements that contravene Article 81(3) of the benefit of exemption.[15] In respect of vertical agreements that restrict competition and include fifty percent or more of a specific market, the Commission will cancel the exemption and apply Article 81(1) in its entirety[16]. Further, in cases of undue advantage of a dominant position, exemption is permitted by Article 82 EC[17]. The agreements pertaining to the supply and distribution of goods comply with the new Block Exemption Regulation[18]. These guidelines and Block Exemption Regulation constitute a competition policy that favours an economic approach rather than a regulatory approach to vertical agreements. This indicates the Commissionââ¬â¢s intention to bring its competition rules into play[19]. Formerly the EC had adopted a formalistic approach that had construed any restriction of commercial freedom to be restrictive of competition. Further, the Commission had a monopoly in respect of implementing Article 81(3). Article 81(1) was given a wide interpretation as it had to be enforced uniformly in all the Member States[20]. Article 81 In Mà ©tropole Tà ©là ©vision (M6) et al. v. Commission[21], the Court of First Instance or CFI held that a monetary outlook was necessary as per the provisions of Article 81(3) [22]. The judgement in this case is in conformity with the present outlook of the Commission. This approach is the upshot of the White Paper and the new notice on Article 81(3) EC[23]. In this approach there is a retreat from the formalistic approach. Since, the objective of the new notice is to engender the consumerââ¬â¢s welfare; it requires a substantive analysis of the market in order to determine whether an agreement violates Article 81(1) EC[24]. Article 81(3) rescinds the prohibitions in Article 81(1) if competition exists for a large range of products, the manufacture or allocation of goods, and if technical and economic progress do not show any improvement[25]. Further, decisions of the Commission under Article 2(4) of Regulation 4064/89 result in a balancing exercise[26]. Thus, while applying Article 81 EC the national courts have to perform the competition law test, which is in most of the cases imposed by Article 81(3) EC[27]. In all other instances the national courts can obtain either the Commissionââ¬â¢s assistance as per Article 15(1) EC or the ECJââ¬â¢s assistance as per Article 234 EC[28]. Since, the national courts cannot apply Article 81(3) EC; the ECJ transferred the necessary portions of Article 81(3) EC to Article 81(1) EC[29]. Article 81 EC does not apply to agreements that leave trade between member states unaffected. These agreements are the exclusive domain of the national authorities. This basic test of whether or not interstate trade was affected was dealt with by the E.C.J. in Socià ©tà © Technique Minià ¨re v. Maschinenbau Ulm[30], the E.C.J. held that ââ¬Å"it must be possible to foresee with a sufficient degree of probability on the basis of a set of objective factors of law or of fact that the agreement in question may have an influence, direct or indirect, actual or potential, on the pattern of trade between Member States[31].â⬠Economic Approach The adoption of an economic approach first, ensures that legal provisions are not rendered ineffective due to anti-competitive behaviour[32]. This approach applies a more consistent treatment to the different practices, because a similar treatment is accorded to practices with the same outcome[33]. Second, this approach ensures that the statutory provisions do not achieve an unjustified frustration of competitive strategies[34]. Hence, a competition policy approach that recognizes this fact will guarantee the protection of consumers and also encourage increased productivity and growth[35]. The EU competition law has progressed towards a policy that depends on a market centered economy[36] and in 2004 an enforcement procedure incorporating these considerations was implemented by the European Community. The necessity to adopt an approach that is more economic based to market definition, dominance and abuse has been conceded by the European Commission. Undertakings with a market share in excess of fifty percent can easily establish that they are not dominating the market and this stance has been accepted by the Commission[37]. Daimler Chrysler secured a highly significant reduction of the fines imposed on it by the Commission for alleged infringements of Art.81 on the German, Spanish and Belgian car market in 2001[38]. The CFI annulled two of the three findings of infringements, which resulted in a reduction of the fine from â⠬ 71.8 million to â⠬ 9.8 million[39]. Since, Daimler Chrysler was unable to establish that its Belgian subsidiary had acted independently; the CFI did not annul the decision to fine Daimler Chrysler[40]. In this case the Commission had labeled three of the Daimler Chrysler agreements as being anti competitive. The CFI set aside two of these allegations and upheld only one of them[41], thereby indicating that competitive agreements had been prohibited. In Tetra Laval v. Commission, the Commission prohibited the merger of Sidel SA and Tetra Laval BV. Sidel was a manufacturer of stretch blow moulding machines used for packaging liquid foods in plastic. Tetra was a dominant company in the carton-packaging market operating through a related company[42]. The Commission considered the merger of Tetra Laval and Sidel to be anti competitive and prohibited it; however, the CFI disagreed with the Commission and permitted the merger. Although, Article 81(3) permits the elimination of competition Vis ââ¬â a ââ¬â Vis a significant number of products, the application of Article 82[43] cannot be frustrated by Article 81(3) [44]. Moreover, not all the restrictive agreements entered into by a dominant undertaking represent the abuse of its dominant position[45]. The exemptions under Article 81(3) are contained in block exemption regulations;[46] and their standardization gains automatic exemption if the joint market share is less than twenty five percent and the agreement conform to the requirements of the joint R&D block exemption regulation[47]. In the context of a new product or a product in which the participating companies do not compete, the block exemptionââ¬â¢s validity exists even above the twenty five percent ceiling for the duration of the standard setting and subsequently for seven years[48].à à à à à à Prohibition of Competition Agreements One of the difficulties faced by Community law is to restrict intra brand competition (or competition among retailers or distributors of the same brand) by means of territorial distinctiveness, without restricting parallel trade. Of these restrictions the most important are those that create territorial restrictions[49]. Moreover, a distributor might enter into an exclusive distribution agreement solely ââ¬Å"for the purpose of obtaining absolute territorial protection in order to ensure protection from free riders and safeguard investment in the promotion of the product[50].â⬠This protection is essential for launching a new product which requires more promotion than an established product. Moreover, insufficient protection may prevent the distributor from deploying the product with the result that the product may not make an entry into the market[51]. In the absence of territorial protection some distribution agreements cannot be established, for instance, in Societe la Technique Miniere[52], the Court held that a term bestowing territorial distinctiveness on a distributor would not violate Article 81(1), if it was essential for the distributor to market a producerââ¬â¢s product[53]. Even though, the Commission is conscious of the commercial necessity for territorial protection, it has never accepted that the aim of territorial restrictions is to assist pro competitive agreements. The Commission while permitting partial territorial exclusivity will not endure the hindrance to parallel imports, even if the agreements granting unconditional territorial protection may augment inter ââ¬â brand competition, and consequently help in the assimilation of markets within the community[54]. In the Wouters case, there was a disagreement between competition rules and non competition goals. Further, harmonizing amid competition rules are absent in both Articles 81(1) and 81(3) EC[55]. If suitable conditions are present Article 81 EC can be matched against public interest concern. Since, Article 81(1) and 81(3) did not attach sufficient importance to the protection of the legal professionââ¬â¢s freedom it was undermined[56]. Consten and Grundig[57] established proscription on the formation of an unqualified territorial defense. Such a stringent approach has been implemented because these restrictions could prevent the development of the internal market by isolating the national markets. Moreover, the Community Authorities want to ensure that some manner of parallel trade is preserved by means of passive sales that originate outside the contract area. In case of vertical agreements total territorial protection is banned and the Court has assumed a moderate approach in less restrictive territorial limitations[58]. The fact remains that even the vertical agreements regulation is unable to distinguish between active sales and passive sales, which are not to be banned[59]. The guidelines have made it clear that selective distribution agreements could result in an increase in intra brand competition and eliminate access to markets[60]. However, selective distribution agreements could augment inter brand competition or competition based on brands or labels. Since, the sales staff are to be given relevant training there will be an increase in after sales services, the servicing of guarantees, etc[61]. The relevant case law in respect of selective distributive agreements has been accused of being intricate, contradictory and perplexing and it has rendered the task of concluding whether an agreement infringes Article 81(1). Moreover, confusion prevails in respect of the products that validate selective distribution[62]. Vertical restraints are constraints on the freedom of behaviour for undertakings resulting from a vertical agreement. Although, vertical restraints prevent, restrict or distort competition they also engender efficiency improvements. Hence, the resultant economic effect is unclear[63]. Conclusion Competition is one of the most important factors that elicit a faster growing, consumer-oriented European economy[64]. In this context, ââ¬Å"â⬠¦The Commission has to adopt clear guidelines and binding legislation in order to secure the legal certainty of the undertakings that have to operate under the EC Competition Law Framework[65].â⬠The uniformity in interpreting and applying competition rules are essential for legal certainty which is necessary to decentralize EC competition law[66]. At present an inordinate delay takes place, ââ¬Å"from the time a potential claimant is subjected to anti-competitive agreement or practice till it is brought before the national court, question to the ECJ are formulated and a reply is received, and the national court eventually rules on the issue[67].â⬠It would benefit everyone if both policy and lawmakers study the American experience that reveals that legal certainty cannot be ensured by, ââ¬Å"leaving it up to the parties in trials before the courts[68].â⬠In this manner it can be seen that despite the European Commissionââ¬â¢s approach to Article 81 involving a greater use of sensible economic analysis, too many agreements which are anti-competitive are still prohibited. The foregoing analysis reveals that a significant number of competitive agreements are being prohibited due to decentralization and a narrow approach that favours public interest and economic policy. Bibliography Books à Albors ââ¬â Llorens, Albertina. 2002. EC Competition Law and Policy. Willan Publishing. P. 18. ISBN: 1903240743. Dabbah, Maher M. 2004. EC and UK Competition Law: Commentary, Cases and Materials. Cambridge University Press. P. 56. ISBN: 0521604680. Mac Culloch, Angus and Rodger, Barry J. 2004. Competition Law and Policy in the EC and UK. Routledge Cavendish. ISBN: 185941933X. 139, 191, 192, 195. Stuyck, Julien, Gilliams, Hans and Ballon, Elke. 2002. Modernisation of European Competition Law: The Commissionââ¬â¢s Proposal for a New Regulation.P. 55 -56. ISBN: 9050952224. Tillotson, John and Foster, Nigel G. 2003. Text, Cases & Materials on European Union Law 4/E. Routledge Cavendish. P 407. ISBNà : 1859417779. à à Journals and Working Papers à à Article 81. Official Journal of the European Communities. Consolidated version of the treaty establishing the European Union. 24.12.2002. C 325/64. Retrieved from http://eur-lex.europa.eu/en/treaties/dat/12002E/pdf/12002E_EN.pdf à à Bourgeois and Bocken. Guidelines on the Application of Article 81(3) of the EC Treaty or How to Restrict a Restriction. 32 Legal Issues of Economic Integration 111 (2005), pp. 112-113. Brusick, Philippe; Alvarez, Ana Maria and Cernat, Lucian. Competition Provisions in Regional Trade Agreements: How to Assure Development Gains. Chapter IX Modernization of the European System. United Nations Conference on Trade and Development (UNCTAD). 2005. United Nations Publication. Symbol No. UNCTAD/DITC/CLP/2005/1. p. 284. à Goldschmidt, Peter I.B and Lanz, Christoph. Maybe Definitely ââ¬â Definitely Maybe? EC Competition Law ââ¬â Is the time ripe for reform? European Institute of Public Administration. EIPASCOPE 2/2001. Retrieved from http://www.eipa.nl/cms/repository/eipascope/scop2001_2_2.pdf Kallaugher, John and Weitbrecht, Andreas. 2006. Developments under Articles 81 and 82 EC ââ¬â the Year 2005 in Review. C.L.R. Issue 3. p. 139, 143. à © Sweet & Maxwell and Contributors. Komninos, Assimakis P. 2005. Non ââ¬â competition Concerns: Resolution of Conflicts in the Integrated Article 81 EC. The University of Oxford Centre for Competition Law and Policy. Working Paper (L) 08/05. Pp. 3, 5, 10. Retrieved from http://www.competition-law.ox.ac.uk/lawvle/users/ezrachia/CCLP%20L%2008-05.pdf
Friday, September 13, 2019
Case Study for Auditing Essay Example | Topics and Well Written Essays - 2000 words
Case Study for Auditing - Essay Example e aspects of this yearââ¬â¢s audit of the financial statements, which might be regarded as high risk for Stanley Limited, include the distribution costs and the retained profit or loss from the viewpoint of income statements. From the perspective of financial presentation statement or balance sheet, the high risk aspect includes the trade payables as a part of current liabilities. From the viewpoint of the income statements, the significant aspect of distribution costs might be regarded as one of the high risk factors of this yearââ¬â¢s audit of the financial statements of Stanley Limited. Fundamentally, the distribution costs which is also known as distribution expenses of any organisation are regarded as the expenses which are associated with the transfer of a product or commodity from the place of manufacturing to the ultimate position of the customers. Moreover, distribution costs or expenses also imply those expenses which are directly involved in order to transfer the commodities or the products from the warehouse to a person2. It has been identified that the distribution costs or expenses of Stanley Limited was increasing year after year and were becoming very much expensive as compared with other expenses i.e. administrative expenses and others. The main reason for considering the distribution expenses as a high risk factor is because the distribution costs or expenses directly affects upon the operating profit or loss of Stanley Limited. The main reasons for the increased distribution expenses of Stanley Limited can be due to its various expenses such as carriage on sales, selling expenses, salaries, travelling expenses and commission of the salesman among others. All these significant factors might constitute the distribution expenses as high risk factor for Stanley Limited3 In terms of the statements of the financial position or the balance sheet, the aspect of trade payables might be an important risk factor for Stanley Limited. Fundamentally, trade
Thursday, September 12, 2019
Strategic Human Resources Management Assignment
Strategic Human Resources Management - Assignment Example ger responsibility requiring the involvement of different organizational capabilities is much higher than when recruitment is considered the sole responsibility of a small group of people hired for the purpose of administering recruitment activity. Armstrong (2009, p. 87) underscores that ââ¬ËNo single aspect of HR strategy should be considered in isolation. The links between one area and other complementary areas need to be established so that the ways in which they can provide mutual support to the overall strategy can be ascertained.ââ¬â¢ Burke describes the impact of incorporating Likertââ¬â¢s System 4 of Participative Group Management. This organizational decision led to internal habit changes and recruitment process changes. Top management representatives drove this organizational change and ensured active participation by the various departments. The recruitment process included observation of candidates in different situations and the decision of recruitment was given in the hands of the people who were to be worked with. The selection process included a feedback session with the candidate that explained the reason the candidateââ¬â¢s acceptance or rejection. (2002, p. 86) This experience highlights the need for an organizational view about the manner in which recruitment and selection processes should be designed, who alongside the recruitment function should be party to the process design and gauge system and manpower capabilities to sustain the processes. The recruitment function holds primary responsibility for the implementation of the process but organizational involvement is necessary to review contradictory practices and curtail unrealistic expectations. Industry performance, competitor action, customer expectation and shareholder satisfaction form the factors that determine the competitive advantage of the firm. Companies adopt hiring practices to suit the supply-demand situation of the labor market. The labor market, competitive industry practices
The Subject of Anthropology Assignment Example | Topics and Well Written Essays - 250 words
The Subject of Anthropology - Assignment Example Anthropology has four different fieldsââ¬â¢ namely cultural, biological, archaeology and linguistic anthropology. The different field uses different research methodology and also focuses on varied research interest. However, the four anthropology fields are related in that they focus on the human being and his interaction with the environment. Anthropology studies man past through the remains left behind while it studies the behaviours and activities of the modern man. This is all the different field want to show (Kearney, 2004).Anthropologist uses observations, interviews, survey and archival research to conduct the study the aspects of the societies. Nevertheless, the mostly used methodology is observation and interviews as it provided accurate and detailed data required to understand human being engagements. The term field in anthropology is used to differentiate the different aspects of the human being. Mankind has constant changes in language, culture and his biological make- up. These aspects help explain the human nature in an explicit way that give reason to the constant change.Ethnology is an anthropology branch that study of the origin, explanation and distribution of humanââ¬â¢s ethnic groups. On the hand, ethnography is the tools that are used to study ethnology. It is a scientific search and explanation of humanââ¬â¢s origin, his behaviours and the growth of physical, cultural and social phenomena. Ethnography falls under ethnology in the study of the origin of man.
Wednesday, September 11, 2019
HIPPA Essay Example | Topics and Well Written Essays - 500 words
HIPPA - Essay Example The health sector across the world has developed various strategies for reducing medical errors and its effects (Becher and Chassin, 2010). These strategies are designed to reduce the increasing cases of medication errors and the impact of such errors on patientsââ¬â¢ health. To be certain that the correct drug in the right dosage and route is prescribed to the right person at the right time, health care professionals ought to adopt and make proper use of Bar Code Label Rule. The Bar Code Label Rule requires the introduction of bar code on specified biological products and drugs. The bar code is then used to scan drugs and equipment to ensure proper drug administration. Over years, the Bar Code Label Rule has demonstrated significant contribution in zero rating cases of medication errors. Additionally, educational training on the most effective ways of reducing medication errors is relatively critical to all health care professionals. Training on interventional risk management, emerging medical errors prevention, techniques can also be effective in reducing medication errors as well as promoting team work among health professionals. To counter complications associated with drug name confusion, the health center ought to have a systematic and effective drug labeling mechanism. There is also need for pharmaceutical companies to develop a workable labeling mechanism that will reduce confusion in drug administration. The pharmacy technicians should complete medication history on the medication forms to necessitate correct drug prescription. This would reduce cases of incorrect prescription as in the case of Darnell Mares who was given Topril instead of Topramax. Additionally, cooperation between all stakeholders in hospital settings is also effective in reducing medication errors. Pablo Garca was prescribed with the drugs prescribed for Maria Garcia due to lack of proper communication among health professionals The heath center should consider introducing the
Tuesday, September 10, 2019
Small Business Enterprise Assignment Example | Topics and Well Written Essays - 2750 words
Small Business Enterprise - Assignment Example around 54 employees but has been voted by the Sunday times as the top ranked till managed to in its own respect. It is a small private firm that is based in London and has been established in the year 2009 (Best Companies, 2013). It is a great matter of pride for the company as the staff turnover is quite less. Moreover, the company is seen to employ young candidates who are of the age of 29 on an average. Considering all of these aspects, it can be said that small businesses if properly managed can lead to smooth flow of the business activities. In this respect, another small business i.e. TPP SystmOne which is specialized in delivering internet services to the consumersââ¬â¢ (Goundrey-Smith, 2012). TPP has been considered to be the best company for a fourth time pertaining to the review of the Sunday Times. Moreover, the company has also been bestowed with a special award as the best improver in the division of internet services. Moreover, it has been ascertained that the compan y has been heading towards the roadway of success. 1.1 Strengths/Weaknesses of the two companies In relation to Strengths/Weaknesses of Cloudreach, it can be said that the company operating with such a small number of employees and getting recognized at a larger scale is one of the major strengths of the company (Cloudreach, 2013). Another aspect that represents the strengths of the company is that it has been able to grab the top position for the cloud computing services that it renders to its customersââ¬â¢. Moreover, the company is responsible for providing a wide array of services namely: migration services, services relating to application development, managed services and consultancy services among others. The aforementioned services being rendered by the company reflects about its accelerated strengths irrespective of its size. In keeping up with the fact about the companyââ¬â¢s strength, it assists in maintaining sustainability within the competitive market scenario. H owever, the small size and less employee turnover can be considered as the weakness of the Company i.e. Cloudreach. In relation to the aspects associated with this factor, it can be said that if the company plans for following expansion strategies in the near future then its small size may prove to be a hindrance in its growth (Cloudreach, 2013). On the other hand, the company i.e. TPP SystmOne endures certain major strengths that will enable the company to be in a much favourable position in near future. The company is mainly responsible for developing high end software that delivers fruitful sources of information to numerous health professionals around the world. This factor adds up to the strengths of the company to a greater extent (TPP SystmOne, 2013). The major weakness of the company can be considered as the small size. This factor can prove to be quite disadvantageous for the company if it goes for an expansion in diversified field worldwide. Furthermore, the company is spe cialized in the field of medicines and provides useful information pertaining to the best use of medicines. It does not reflect much diversity in its services which can prove to be a major weakness for the company (Beisse,
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