Case Notes are intended to facilitate class discussion and can be written in any format (bulleted lists, random scribbles, etc.). These are your chance to practice the analytical frameworks (VRIO, 5-forces, CAGE, etc.) in connection with that day’s case. You should also use these to practice problem formulation and providing a recommended course of action (solution). These are graded on effort, not correctness, but should be 2-3 pages of work in length.
20 points each, earned as follows:
• 10 pts – Analysis using Frameworks and Concepts from text book
• 5 pts – Problem Formulation
• 5 pts – Recommended Actions
Here are the frameworks/concepts to practice. This is the minimum. You can always practice frameworks not listed if you want to improve your abilities in them as well.
• Case Notes #5: Governance Mechanisms the company is merck pharmaceuticalshttps://www.merck.com/index.html
o Select a company (public) of your choice. Assess all four of the corporate governance mechanisms from chapter 12 as they apply to the company you have chosen. To do this, find online materials that inform these issues. For example, you can find bios for members of the Board of Directors online.
o The four mechanisms are: board of directors, executive compensation, market for corporate control, and regulators/auditors/media/etc.
Merck has a system of rules, relationships, and practices that determine and control the way of the organization. Merck has department that is responsible to watch every decision made by any other members. Also they have investors resources and stockholder services. Merck polices and ethic codes, practices and human resources department that’s responsible for employees psychological safety for all the members of the organization.
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I will be available for a couple of hours. Please let me know if you have any concerns.
Try your best please relating what you can to the company and doing the frameworks even if you want to relate them subjectivity