Gene One Benchmarking: Merck Essay

690 words - 3 pages

Untitled

Gene One Benchmarking: Merck

The Pharmaceutical Company, Merck, like Gene One, is a company that undertakes initiatives that involve not only business concepts but also concepts pertaining to social consciousness. Gene One concentrates efforts in the Biotech industry producing gene technology products and services that result in elimination of disease in potatoes and tomatoes. The result is that farmers gain the ability to grow plants without the need for pesticides which allows them to produce a pesticide free product that is desirable to customers. Similarly, Merck produces products that can benefit society by treating common diseases to ease patient illness and suffering.

According to the ...view middle of the document...

McShane and Von Glinow attest that, "job satisfaction is a key driver to corporate success."(McShane & Von Glinow, 2005, p.20 Chap. 4) Like all companies, Merck also faces the challenge of instilling a feeling of job satisfaction in its employees. Merck employs a four-part system to instill this satisfaction. Like the common goal shared by the team members of Gene One, Merck's system included, a worthwhile mission shared by its employees. Additionally Merck's system also included accountability of sales, recognition and reward, and direct relationships of employees with managers. This system's focus on job satisfaction resulted in a dramatic increase in employee morale demonstrated by the statistic that, "only 3% of Merck employs declared themselves likely to move on to a new employer in the near future, compared with the 14% industry norm - a near fivefold difference."(Pharmafield [P], 2008, p.1) Job satisfaction is a driving force that serves to motivate company employees. Despite different opinions, the team members of Gene One work together in a manner that is highly productive. Their commitment to the common goal results in a high level of job satisfaction that enhances productivity. Merck employees exhibit a similar job satisfaction. Merck promotes this job satisfaction by using a highly influential four-part system that has been accepted by its employees.

McShane, S. L., & Von Glinow, M. (2005). Organizational behavior: Emerging realities for the workplace. New York: The McGraw-Hill Companies. Retrieved February 26, 2010.

Pharmaceutical Field Magazine, 1-3. Retrieved February 26, 2010, from www.pharmafield.co.uk/article.aspx?issueID=33&articleID=258

Other Essays On Gene One Benchmarking: Merck

Master and slave. an analysis

495 words - 2 pages Each of the characters in The Tempest finds themselves in bondage. However, by the end of the story, the same characters are set free from whatever enslaves them. A few characters one can see enslaved are Prospero, Miranda, Ariel, and Caliban.Prospero is in bondage to his magic. Since his exile by his brother from his dukedom in Milan, he has had but a few books to help pass the twelve long years. During this time, he becomes very proficient in

Methods Of Therapy Essay

2480 words - 10 pages . Unlike psychotherapy where there is actual communication between the therapist and the client, patients would have been very lucky to have received such one-on-one treatment. The hospitals were overcrowded and it was not uncommon for there to be one doctor or psychiatrist to be responsible for a two or three hundred people (Ibid.). Although they were better than the asylums of old, they were still a far cry from today's forms of psychotherapy.The

Phineas And Gene A Comparitive

1538 words - 7 pages that I could beat him at this"(105), although Gene knew Phineas had no desire to compete with him.Phineas and Genes' personality also differed in the area of maturity. Phineas was a very naive boy whose every move was very innocent and harmless. An example of Phineas being naive occurred when Gene was describing the acts that Phineas performed innocently where no one could cut him down, but if another person committed the same acts they would

Mafia

2008 words - 9 pages Mafia. What does this word mean? The actual members of the Mafia aren't even sure where the word first originated or what it really means. One of the theories as to where the word came from is from Sicily, where people would yell " Morte alla Francia, Italia anela!" (Death to France, Italy groans!), therefore forming the acronym MAFIA. Others claim the word derived from the battle cry of rebels who slaughtered thousands of Frenchmen after a

Baseball Strike

1354 words - 6 pages August 12, three quarters into one of the most intriguing seasons in a long time. A season on the verge of breaking many long standing records. As the strike began, the people of the world looked with sadness, as well as disgust towards players and owners. Officially, the strike is the players verses the owners, but at a closer look, it is much more complicated. Within the owners meetings, there is feuding as well. Small market clubs such as

Worst experience

299 words - 2 pages I wanted to lie down and cry. When I got home from the student/teacher/parent conference in fifth grade my mind was in shambles. After I had done everything possible to pass math, my fifth grade teacher was actually telling my Parents about my alleged poor effort. Poor effort? Didn't I do every homework assignment? Didn't I study every night and miss my favorite television show "Full house"? From an early age, I had been taught that grades are

Multinational Companies

2058 words - 9 pages Multinational Companies: Out for Profit Without Regard for Life                  What a company usually wants for its business is for it to be an successful establishment and to make an abundance of profit. Some businesses do not pose any concern on what they have to do to make this profit as long as it done. Multinational companies are firms with their home base in one country and operations in many other nations. (Molyeux, 133

Middle Adulthood 2

675 words - 3 pages choices." (Furr, 127) Right now, Lynn has taken her first job in twenty-nine years since the birth of their first daughter. The job came to her unexpectedly and it was an opportunity to work in her youngest daughter's high school. She jumped at the chance and feels satisfied and enriched by the experience.Lynn is definitely a part of the characteristic sandwich generation. She has one brother but finds herself completely responsible for her home

Political socialization

461 words - 2 pages Political Socialization There are many ways that our ideas are shaped and influenced as we grow up. This process by which we develop certain ways of thinking is called political socialization. There are three main influences which change and shape us being, the family, the mass media, and formal education.The family definitely has the greatest impact on us as we grow. This is primarily because ever since the beginning of childhood we are exposed

Procrastination and regrets

533 words - 3 pages Procrastination and Regrets It's Thursday afternoon and Jack has nothing to do except his homework. However, Jack doesn't feel like doing his homework, so he thinks to himself "I'll do my homework tomorrow night and go to a house party tonight." Ah yes, like many other young adults, Jack has resorted to procrastination. The procrastination bug, like young adults has also become abundant in parents.One thing that many young adults procrastinate

Frank o haras the day lady die

398 words - 2 pages . By mentioning the unique qualities of the day, O'Hara very subtly draws the reader's attention to the most notable event of the day. He does not even mention the deceased until the 25th line, and he never states her name (except for the clever reversal of her nickname in the title).Billie Holiday, or Lady Day as she was called, is one of those luminous characters in history whose name alone evokes greatness. She is the embodiment of the

Similar Papers

Gene One Benchmarking Essay

5503 words - 23 pages regarding the IPO.The outcome for Visa was a favorable one. The company offered 406 million shares of common stock on the first day of the IPO (Visa). The IPO for Intersect did not turn out as favorable. Board members were divided and employees were turning in their resignations. Teri and Alberta both felt as though creating solid company should mean answering to Wall Street. In addition, the scenario stated that it may be better if employees left

Problem Solution: Gene One Corporation Essay

5259 words - 22 pages Problem Solution PAGE \* MERGEFORMAT 1 Problem Solution: Gene One CorporationToshira D. McCoyUniversity of PhoenixProblem Solution: Gene One CorporationBiotechnology refers to "techniques that use organisms or their cellular, subcellular, or molecular components to make products or modify plants, animals, and micro-organisms to carry desired traits" (Paugh et al, 1997, page 9). The biotechnology industry has developed dramatically throughout

Persuasive Essay Gay And Lesbi

623 words - 3 pages . As stated in the Constitution of the United States, "All people are created equal." These organizations are fighting for equality. We all deserve the same basic rights whether we are gay, straight, black, or white. No one deserves to be judged, discriminated against, or treated unfairly. These groups also try to strengthen the gay and lesbian movement at the state and local level while connecting these activities to a national vision of change.All

Mark Mcgwire Vs Sammy Sosa Essay

1206 words - 5 pages receive food and help rebuild homes and schools. McGwire Does a lot for children because he also loves children like Sosa. McGwire gave one million dollars to abused children charities. McGwire also has his Mac Attack Pac which helps raise money for local charities in St. Louis and other areas. To become a member of the Mac Attack Pac you have to donate 25 dollars which is used to go to a good cause. Sosa and McGwire have both done a lot