CONTEMPORARY BUSINESS ISSUES 791(V1)
GLAXOSMITHKLINE PHARMACEUTICAL COMPANY
Founded : 2000
Inventors : Glaxo Wellcome & SmithKline Beecham
Headquarter : Brentford , London , United Kingdom
Submitted By : Sukhwant kaur Submitted To : Dr. Vilma Deguito
Student ID :DB961 Time Submitted
ANSWER : 1.
GLAXOSMITHKLINE (PLC) is a British multinational healthcare company of the UK. In the world’s largest pharmaceutical companies it comes on third number in revenues after Johnson and Johnson Pfizer. In 2000 , GlaxoSmithKline pharmaceutical industry is established by merger of two multinational organizations Glaxo Wellcome and SmithKline Beecham.It is associated to create , discover, develop ,manufacture and market of Pharmaceutical and health related products.Therefor,its primary areas of business are vaccines, pharmaceuticals and consumer healthcare products like oral health, nutritionals; skin health .Their portfolio is mainly on major diseases like asthma, cancer, diabetes, infections. Their consumer healthcare products are Aqua fresh toothpaste, Horlics , Sensodyne and many others .This company has more than 115 offices in other countries and research centers in Spain , the UK , US ,China. It has the crown of the world 's sixth pharmaceutical company in 2014. The slogan of this organization is "Do more, feel better, and live longer".
IMPACTS OF GLOBALISATION ON GLAXOSMITHKLINE COMPANY- With the advent of globalization, the multinational company GlaxoSmithKline has been influencing positively as well neg...
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...en cost and supply of vaccines, oral products and nutritional products, consequently , developing nations get harmful results .
EXPLOITATION OF RESOURCES : In this global era, the burgeoning market of GlaxoSmithKline products are exploiting natural resources , animals and other raw materials extremely for research and discovery purpose. Moreover, these organizations receive cheap labor and resources from developing countries for their profit and market globally. In 2006 most of the GSK’s drug trials took place except western and developed markets, mainly in poor nations such as Bulgaria, Zambia, Brazil and India which were used for clinical trial.
Hence , the phenomenon of globalization puts harmful and unethical impacts as well as are exploited by multinational company.
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