The paper "Strategies for Shefa Pharmaceutical Company " is a great example of a business case study. Shefa’ a is a pharmaceutical company that faces a challenge of lack of adequate funds and whether it should share the new information on ‘ herball’ with Abudhabi’ s healthcare. Two of the strategies the company should consider is an equity investment and collaborating with an American Hospital to conduct human tests. The organisation would then be able to have adequate resources and verify the usefulness of the drug in cancer treatment. However, there would be a dilution of ownership and the American Hospital may use the ideas to benefit themselves despite copyrights.
Nonetheless, this strategy aid in the attainment of the UAE 2020-2021 and Abudhabi 2030 health and economic strategies. Keywords- investment, health standards, strategy Introduction Investment refers to the allocation of a certain resource with the expectation of certain benefit in future. Health standards refer to the criteria or conditions that must be met by health services in order to be acceptable. Strategy refers to a pre-determined mode of approaching a given problem or implementing a set of solutions (Johnson et al. , 2017). The UAE 2020-2021 strategy targets increasing the expected life span and the health of the population by reducing the prevalence rate of lifestyle-related diseases such as cancer.
The health facilities are therefore expected to adhere to the national and the internationally recognized health standards. Abudhabi 2030 strategy, on the other hand, aims at improving healthcare quality. Through the set vision, the health system should reduce capacity gaps in order to address care for individuals. Moreover, the region seeks to facilitate the growth of the medical sector to attract more health tourists.
In order to aid in the achievement of the set vision, the public and private institutions in Abudhabi are expected to adhere to the UAE 2020-2012 and Abudhabi 2030 strategies. Literature Review Advantages One of the advantages of the strategy of collaborating with the American hospital is the ability to save on resources that would otherwise be spent while searching for human volunteers (Johnson et al. , 2017). The process of identifying eligible persons to participate in the process of testing the drugs would take long and would require extensive funding.
Collaborating with the hospital, however, would ascertain that the company saves resources such as the time that they would spend achieving this as well as the money that they would spend doing it. This would thereby help the company fasten in determining if the drug is fit for humans to use and thereby make the necessary adjustments to improve the quality (Christensen, & Rosenbloom, 2014). The advantage of incorporating the use of equity investment strategy, on the other hand, is the access to the required finances (Johnson et al. , 2017). Currently, the company has no funds to carry out the process of testing the drug on human beings.
Therefore, it is a necessity for the company to collaborate with people or investors that have a lot of money (Hee & Gurd, 2010). This collaboration will also help the company settle its current debt of 10 million. The money supplied by the investors will further be useful in paying the employees in the company, which will thereby help ascertain that they are motivated and willing to continue working in the company.
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