Influence of Personality on Success

Influence of Personality on Success The present paper attempts to examine the inherent connection between personality and success. The term personality is derived from Latin word persona, a mask worn by actors in classical dramas. Behaviorist psychologists feel that if a person has some kind of impact or makes a certain impression on others, it must be because of his actions. The simplest meaning of personality, therefore, is the pattern of responses which characterizes the individual. An individuals personality is invariably revealed through interactions in the personal, social and the professional arena, for the act of communication determines how one views and in return is viewed by the world around. In the modern world of professional rivalry and competitive business, obsessed with power and achievement, personality becomes the byword for success. There are qualities that enable one to evolve and grow into an empowered and well-balanced personality, a choice that proves to be a wise investment for long-term achieve ments. Such qualities along with the ability to effectively communicate and interact have become much sought after, with everyone trying to understand how one may acquire them. So much so that soft skills and personality development have become the new slogans for professional and career advancement. The paper examines a few such skills and also how one may cultivate them. The paper also takes a look at whether these should be/can be acquired merely for material success or else, these constitute an inherent part of a certain way of living having roots in time-tested and acknowledged cultural practices that leads one to peace, harmony and happiness. Contrary to the general idea that good personality refers to good physical features or trendy looks, personality includes many other important behavioral and mental features. Take the example of Mahatma Gandhi. Most people did not find him to be attractive or impressive as far as his physical make up was concerned. Yet, this short, meek looking, bald, dhoti clad old looking man moved and inspired the entire nation to stand up and demand freedom. Even today he is known for his Personality which established everlasting impression on the people around him and made him the man of fame and world. There have been many others too, relatively recently being Barack Obama, the President of America, who electrified Americans, captured their imagination, inspired million viewers with his twenty minutes speech at the stage of 2004 Democratic National Convention. He, with his outstanding soft skills and emotional intelligence not only transcended race and historic barriers, but also conveyed his vision, inspired confidence, persuaded and motivated people and became Americas first African American President. Thus what makes the difference is the understanding of what is commonly called, the soft skills. Soft skills are essentially people skills the non-technical, intangible, personality-specific skills that determine ones strengths as a leader, speaker, listener, negotiator, and conflict mediator. It means skills related to human attitude, team work, leadership qualities, over all human nature enhancements. Soft skills thus is a sociological term relating to a persons EQ (Emotional Intelligence Quotient), the cluster of personality traits, social graces, communication, language, personal habits, friendliness, and optimism that characterize relationships with other people. They are, in many instances, complementary, and serve to unlock the potential for highly effective performance in people qualified with the requisite hard skills. In broader terms soft skills is a range of abilities including work ethics, courtesy, teamwork, self-discipline and self-confidence, professional presence, language proficiency, cultural sensitivity, communication skills, ability to accept and learn from criticism, ability to handle client relationships, networking, creativity, ability to motivate yourself and lead others, time management, leadership and interpersonal skills. Studies have shown that personality measures parameters like conscientiousness, dependability and agreeability and they are equally important predictors of work success as cognitive ability and work accuracy. These parameters or traits can yield significant return on investment for an organization. For this reason, soft skills are increasingly sought out by employers in addition to standard qualifications. The wide rivers of culture, language and environment can only be crossed with being proficient with soft skills. Also, today Indian companies are facing inten se competition from MNCs who are offering identical services in their own backyard. The only way that Indian companies can continue to dominate this space is by up-skilling their employees in soft skills. Importance of Soft Skills There is an axiom in business circles which suggests hard skills will get a person an interview, but soft skills will land that person a job. Thus, an applicant with years of education and experience in the field might have the hard skills necessary to fill the position, but lack of soft skills such as leadership ability or self-motivation will not allow one to accomplish the task in the desired manner. Research in many fields such as sales and marketing, software development, engineering and law, has shown that to be successful in the workplace, knowledge alone is not enough. Soft skills play a vital role in dealings with the external world and help us to work in a collaborative manner with our colleagues. Studies by Stanford Research Institute and the Carnegie Mellon Foundation among Fortune 500 CEOs found that 75% of long term job success depended on people skills and only 25% on technical skills. This is true at other levels as well. For effective performance in the workplace, companies need their employees to have not only domain knowledge, technical and analytical skills, but also the skills to deal with the clients, customers, vendors and to work in a collaborative manner with their colleagues. We manage and think with our head. ­Ãƒâ€šÃ‚ ­ Service learning, Critical thinking, problem solving, decision making are related to our thinking processes, which we manage with our mind. ­ Functions of the heart are related to people and caring. We relate to people by accepting differences, adopting conflict resolutions, putting into practice social skills, showing cooperation and keeping the channels of communication open. The second function we perform with our heart is caring. We care through nurturing relationships, sharing, empathizing and displaying genuine concern for others. This all constitutes Soft Skills. Indiana Business Research Center (IBRC) has found that, while credentialing in the form of degrees and certificates is important, development of soft skills-skills that are more social than technical-are a crucial part of fostering a dynamic workforce. Skills projected to be in the highest demand include active listening, critical thinking, speaking, active learning, writing, time management, and social perceptiveness. Hence, one must focus on learning and putting into practice various soft skills. The Important soft skills and the ways one may perfect them are: 1 Positive Attitude We have all heard that its better to see the glass half full instead of half empty. And in the workplace, that type of positive thinking can go a long way. A person who focuses on the brighter side of things is definitely much sought after as compared to a fellow who wallows in negativity. An overall positive outlook leads to a positive attitude and that can be a valuable asset in work environments that typically breed cynicism and negativity. The key to having a winning attitude is readiness to face and tackle obstacles and challenges that come our way. For example, instead of complaining about a stressful workload, one may think about it as an opportunity to show off ones abilities and getting through it productively and efficiently. Shiv Khera rightly puts it, Stick to the fight when youre the hardest hit (68). 2. Effective Communication Skills. Effective communication skills help in transforming a manager into an efficient leader. It includes both oral as well as written forms: oral skills for public speaking, presentations, negotiating, conflict resolutions, knowledge-sharing; writing skills for preparing reports, proposals, instruction manuals, writing memos, notices, official correspondence etc. As English for Indians is a second language, so for good communication skills, constant practice at home/school/college followed by language-lab sessions is need of the hour. While good oral skills inspire and motivate employees and win over customers, the written communication helps in following it up at front and back office jobs, clinching deals and ensuring retention of valued employees and prized customers. 3. Confidence and Self-efficacy In almost every situation where one is trying to impress others, confidence is the key. While its important to accept our limitations and act humble when we receive praise, its also important to acknowledge our strengths and embrace them. If one acts confident in some of ones job responsibilities like at written communication, project management skills or leadership abilities, one must make sure that it is based on genuine, positive reinforcement. Confidence comes from preparation, which is nothing but planning and practice. According to Albert Bandura, self-efficacy is the belief in ones capabilities to organize and execute the courses of action required for managing prospective situations (1977; 2). Thus self-efficacy is a persons belief in his or her ability to succeed in a particular situation. In other words it is confidence that Bandura believes can be developed in leaders and employees for specific tasks in given situations. Confidence is not only open to development, but the more confident the individual, The more likely the choice will be made to really get into the task and welcome the challenge. The more effort and motivation will be given to successfully accomplish the task; and The more persistence there will be when obstacles are encountered or even when there is initial failure (2000; 42). This profile of a highly confident leader or employee seems ideal for effectiveness and high-performance in todays workplace. In addition to performance outcomes, confidence has been shown to positively affect goal aspirations and attainment. This strength and positive attitude has also been shown to have an impact on strategy formulation, entrepreneurial start-ups and managing very difficult situations. 4. Creative Skills Creativity and imaginative thinking are valued in any job. Even the most technical positions require the ability to think outside the box. Whenever handed a tedious task, one should try to tackle it in a way that allows it to be completed more efficiently. When a problem comes along that others are reluctant to take on, the one who dares to jump at the opportunity to find a creative solution is the ideal performer. 5. Accept and learn from criticism This is one of the most challenging soft skills, which is why it is typically one of the most impressive to employers. Our ability to handle criticism says a lot about our willingness to improve. At the same time, being able to criticize the work of others in a constructive way is just as important. It requires enormous maturity to be aware of how defensive one gets when confronted by negative feedback and how not to reject a piece of constructive criticism completely without acknowledging that at least part of it is helpful. Hence how to offer criticism in a diplomatic manner is an important skill to work at. 6. Motivate yourself and lead others It is important for an employer to know what type of person his employee is. If one is a self-starter who takes initiative, such an individual must be given space to carry out his/her activities. This means constantly seeking out new ways to keep the job interesting and motivational, even if at the surface it seems repetitive and mundane. Creativity plays a big role in this, but theres more to motivation than just that. It requires courage to pursue ideas one has had stuck in the back of the mind, and dedication to follow through with them and be successful. The important skill to work at is to be able to nudge others in the same direction to work towards a common goal. If you want to climb the echelons of success, you should show a personality with strong leadership skills. One must always remember that a good leader leads by example. Proactive Being proactive means thinking and acting ahead. Basically, this means using foresight. It is a great method for avoiding more work down the road and for averting disasters. By planning well for the future and instituting systems at work, makes life easier not just for oneself, but for others as well. This can be done by following some procedures: Try to prevent problems from ever arising. This means tackling possible failings in advance to prevent them from becoming a reality. Get into the habit of taking precautions and developing fallback plans As Shel Leanne advises Sweep aside low-priority issues, and promote most assertively those ideas of greatest importance, and shine a light on them. So one should be aware of the tasks to be considered on priority basis and those which can wait. Eliminate altogether any task that is truly unnecessary. Evaluate procedures and processes while in use. 8. Wide Perspective Looking at the larger picture in the work means being able to see the determining factors of the success. It also means recognizing a risk thats worth taking, and knowing when to take it. Thus for example, if one is in advertising and has to handle the task of creating a campaign for a brand of soap one must recognize that the goal is not just to sell soap, but also to satisfy the client and provide him with a quality service. Feeling pride in ones job and having a sense of accomplishment are necessary ingredients of a well-balanced personality. 9. Interpersonal and Teamwork Skills Interpersonal and teamwork skills contribute to higher productivity and better environment as people work together to reach common goals. Some individuals are born leaders or intuitively adopt the traits required in team work. However, in general, these skills need to be taught or can be learnt through practice and awareness. As leader or as member of a team, a worker at times has to handle interpersonal conflicts, personality clashes and other issues related to the team. One should be able to analyze the differences in various persons in the team and take impartial decisions. For this a motivational leader is required who inspires a team to new levels of innovation and productivity by working with the following dimensions: Assertiveness is the quality necessary to learn so that one is able to get the point across in a forceful manner and show others that one will not back down. If the leader does not then he/she will get run over and ideas which are probably good will be thrown righ t out of the window. One must be able to persuade others to get the job done in a timely manner and also in an efficient one. Persuasion is a nice and more gentle way to motivate than assertiveness, but since there will be diversity within the group, we must understand that everyone is motivated in different ways. Empathy is important because we must not assume that everyone has the same background or same feelings about certain topics. Diplomacy is essential because negotiation between members is highly important. We have to bring ideas together not just say that one way is the best. 10. Presentation Skills People, who are working in the corporate sector, need to be good presenters. Every area of corporate life requires presentation. It can be presenting before existing or prospective customers, suppliers, media or people within the organization. It is very important to have necessary presentation skills to present the service, plan or product before the audience. One should customize ones presentation according to the audience. It should be based on the level of education, interest, requirements and suitable time of the audience. Presentation in both forms; oral as well as written form, should be well taken care of by the managers. Other Live skills required for improving Personality are: Etiquette Etiquette refers to the socially accepted behavior and manners to be followed in formal situations. It includes office manners, eating etiquette and procedures to be followed in different situations. Etiquette differs according to the cultures and nations. But there are certain common features which are generally accepted in the corporate world. For example; giving respect and being gentle with elderly people and ladies, taking care of the guests, being gentle and polite in our words and movements, eating without making loud noise, etc. Todays manager is a participative leader with the appropriate etiquette. Personal Hygiene and Grooming It is implicitly believed and expected that the employees should take care of their personal hygiene for their own, as well as for the sake of the organization. An employee must take care of the body odour, bad breath, unkempt and crumpled clothes, dirty finger nails, shoes and socks, unruly hair and unshaven face. Neat people are appreciated and accepted in all organizations Grooming implies mainly the presentability of a person. It is about the right dressing sense of the people according to the situation. Men and women should be impeccably but comfortably turned out according to convention and the occasion. Dress code of the organization should be given due respect. People with right dressing sense are appreciated in all organizations. Body Language For achieving effective personality, proper body language is required. Body language is a non-verbal communication which is expressed through facial expressions, gestures, posture, and body movements. These gestures and postures say a lot about our personality. There are various body language movements and expressions you need to have to develop a positive personality: Maintaining eye contact is a sign of respect and interest towards the other person. If someone is talking and you make sure you are keeping your eyes focused on them then this will make them feel that you are in fact interested in what they have to say. Your facial expression is very important. If you are always frowning, this would indicate that you have a negative aura, and this will push others away. Whereas if you are constantly seen smiling, you are going to attract other sunny and happy people to you. Posture is also very important. You need to sit properly, avoid slouching, and if you can, keep an open posture at all times, leaning towards the speaker whenever necessary, to show that you are interested. Flexibility Flexibility stands for the ability to be open to changes, new ideas and environment. It needs a lot of effort to accept, listen to and respect others opinions. A successful and efficient manager will show flexibility in listening to the opinions of the team and take every one into confidence while taking important decisions. Management should accept new thoughts and ideas for its growth. Time management A stitch in time saves nine. A professional should be a good example to others by setting a high standard on time management. If things are not planned or completed on time, it will have adverse effect on the organization. In todays competitive age, everyone is running behind time. It has become a necessity for all companies to work on timely schedules to meet and surpass the competitors. Work Ethics Work ethics is a set of values based on the moral virtues of hard work and diligence. It is also a belief in moral benefit of work and its ability to enhance character of the employer or any individual. A work ethic may include being reliable, having initiative or maintaining social skills. Apart from that a sense of responsibility, honesty and commitment may also be included in it. Work without ethics will not give a long life to organizations as well as individuals. Adhering to the general principles and guidelines is mandatory for the company to function smoothly in the market. Each employee should stick to the work ethics and cultures of the company. In order to possess the above discussed skills one needs to be self-aware and cultivate positivism in thought and approach. Common sense What is lacking among most people is common sense. People are good in repeating what others do or what the boss says. Many people fail to think on their own and take appropriate decisions at the time of crisis. The solutions to many of the problems are related to basic facts and minimum efforts. But people think much and work less towards the solutions. People at the managerial level are expected to have the knowledge of basic facts, simple solutions and common sense. Conclusion To conclude, the above mentioned skills are easy as well as difficult to incorporate in ones personality; easy, because these are simple values mostly already instilled in us right from childhood by parents, teachers, culture and religion, so just need to be reinforced, strengthened, and difficult, because these require constant and continuous effort, and a sense of deep-rooted commitment to certain ideals in life. The important thing to remember and realize is that these are skills; as such anyone anytime can learn them, put into practice to embellish ones personality. After all we determine what choices we make in life. Community service, volunteering, leadership, responsible citizenship and contributions to group effort are our way of giving back to the society. ­ We work through our marketable skills, teamwork and self-motivation to get the things done. All the soft skills listed above are essentially choices that we make about the kind of life we want to lead. Healthy lif estyle choices, stress management, disease prevention and personal safety are our prime concerns for better living. Success at economic, social, professional as also personal levels actually is a natural and logical outcome of the efforts we put in to acquire these skills and subsequently put them into practice. In an increasingly competitive, globalized world, the practice of these soft skills may be the only way we may lead peaceful, harmonious, satisfied, happy lives. Hence, self-esteem, self-responsibility, character, managing feelings and having self-discipline must be practiced without fail. In a nutshell, the essence of life skills is share well, care well and fare well. Works Consulted: Bandura, A. Self-efficacy: Towards A Unifying Theory of Behavioural Change.Psychological Review, 1977: 191-215. Bandura, A. Exercise Of Human Agency Through Collective Efficacy Current Direction of Psychological Science 2000:75-78. Cellars,Tara. Human Resources Team Development Ideas: Interpersonal Skills and Effective WorkTeams,2007 http://www.associatedcontent.com/article/237723/human_resources_team_development_ideas.html?cat=3. Deol,Navjot S. Communication, Types and Significance.A Concise Book Of Communication Skills: New Academic Publishing Co., 2nd ed. (2010) EI Report Use the EI to Select the Dependable People Your Business needs to be Competitive Newsletter for the Users of PDI Employment Inventory. Personnel Decisions, Inc.:November,1991 Khera, Shiv.You Can Win: A Step by Step Tool For Top Achievers: Macmillan India Limited,.New Delhi.1998 Kumar,Anurag Career In Soft Skills Training Employment News Weekly,Aug,2010 Klaus,Peggy . The Hard Truth About Soft Skills: Klaus Associates, 2004 Luthans, Fred. The Need For And Meaning O f Essay Positive Organizational Behavior. Journal of Organizational Behavior.23, 2002:695-706 Leanne,Shel. Say It Like Obama: The Power of Speaking With Purpose And Vision: Tata Mc Graw-Hill,2008 Soft Skills Wikipedia, the Free Encyclopedia. http://en.wikipedia.org/wiki/Soft_skills Stajkovic, A.D. Luthans, F. Self-Efficacy And Work Related Performance: A Meta-Analysis.Psychological Bulletin 124, 1998:240-261.

Management Is An Art Or Science Essay

The concept of management is universal and very old. That is why different views have been expressed about its nature by different writers from time to time. According to my personal opinion management has element of both art and science. Management as an Art Art refers to the way of doing specific things; it indicates how an object can be achieved. Art is a combination of knowledge and skills. Art keeps changing and basically is the application of theoretical principles by science to get excellent results. Management at times is described as an art that how managerial principles can be applied in real world situations, it consists of the following aspects: Practical knowledge: Managers do have practical knowledge of the domain, also they know how to apply it. they know the pros and cons of any act as they know that only knowledge is not enough, but one should know how to apply it as well. Personal Skills: Peculiar abilities which you own are not held by every other person. E.g. Painters paint the similar things in a different manner. It varies from person to person. Some may paint it effectively while others may not catch attention. Similarly every manager has personal skills as well while applying managerial principles, on the basis of his experience which might fetch better results or fail. Creativity: The act if making something in a efficient way and a different manner, and using it in such a way to manage, is creativity. it is based in creativity and intelligence of a person. Vision is definite and based on the facts, it is one’s destiny. Management is also a collection of human and non human resources by using them in a different manner to achieve desired objectives. Practice: Practice makes man perfect. No one is born a true artist. in the same way, no one learns to manage right out of the womb. they furnish their skills over the time through practice. Goal oriented: Managerial activities are always goal based, directed towards achievement of results. for this very purpose, various resources human and non human resources are blended so the ability of managers of using available resources brings it near to arts. Management as Science Management as a Science: Science may be described as a systematized body of knowledge based on proper findings and exact principles and is capable of verification Science is extraordinary. With the aid of science, we can visualize matter across 37 orders of magnitude, from the largest galactic cluster to the smallest known particle . When science is done correctly, it can advise us in all of our day-to-day decisions and actions. Science is a method of doing things. It is the organized, systematic enterprise that gathers knowledge about the world and condenses the knowledge into testable laws and principles. The origin of a modern science of management can be traced to the work of Frederick Taylor (1911) and Luther Gulick (1937). The science of management and administration has become a principal component of management theory and practice in the recent year. Management known as a science because it focuses on the following Principles: management comprises of universally accepted principles, that is why a many believe that it is a science. E.g. rewarding and employee for good performance. Experimentation and observation: First, managers observe some new techniques then employ them in business to check results, so they can eventually be adopted or avoided. Cause and effect relation: Science is based on cause and effect relationship as it is always based on finding relationships between the variables. E.g. heating a metal. Satisfactory performance of employees in any organization is a result of a positive working condition and the two variables are performance and working conditions. Test of validity and predictability: Validity means soundness. in science soundness of the scientific principles can be verified at any given time and they provide similar results every time and in near future probable events can be predicted by using such principles. In management the validity of principles can be established by applying them in different solutions and matching the outcome with the original result. For example, one of the principles in Management is unity of command. if it is tested in a situation  where an employee has to work under two bosses and in situation where employee has to perform under 1 boss, their performance will be different from each other. Conclusion- Management is an Art and Science Both So, I conclude that management is an art and science both. Management is the art and science of preparing, organizing and directing human efforts to control the forces and utilize the natural resource and time for the benefit of men. Thus, it has now been accepted that management is an art as well as science. It has the elements of both arts and science, but some people think management is indeed a science, because of the scientific principles and rules that exist and that can be applied for improving the productivity and efficiency of organizations, profit or nonprofit. This kind of approach is good but we have to keep in mind that solution to every problem is not specified or given by rules and principles, sometimes we have to go creative think out of the box. So management as an art comes into the picture. Art and science both foster new and creative ways to understand organizations and communicate what we know about them. They both generate and employ metaphors of management that help us form our perceptions, assumptions, and new ideas about organizations. Both inspire our imagination. Research in the art and science of management will continue systematically to gather knowledge about the behavior of people in organizations and try to present that knowledge in new and testable theories, concepts, and hypotheses. But future research also must be pursued with enough flexibility to permit the emergence and investigation of entirely new knowledge about organizations and the way we manage them. In the words Management is a mixture of an art an science – the present ratio is about 80% art and 20% science.

What Everybody Dislikes About To Kill a Mockingbird Essay Topics Choose One of the Five Sentences and Why

What Everybody Dislikes About To Kill a Mockingbird Essay Topics Choose One of the Five Sentences and Why Details of to Kill a Mockingbird Essay Topics Choose One of the Five Sentences You could possibly be asked to provide a reasoned point of view on this issue. You must always adhere to the topic. This writing technique is a rather versatile one. Needless to say, you can't write about whatever you desire that would involve an excessive amount of time only to define the topic. Nevertheless, if you're not sure you will have the ability to compose the really impressive conclusion, you may use essay writing services to simplify your life. There's an option to prevent this work for a nominal fee with the assistance of our essay writing service. From time to time, your teacher is going to have you summarize only 1 chapter of the book (instead of the entire novel). As such, she may want to make his or her job less tedious and assign each of the students to summarize a particular chapter of this great book. To Kill a Mockingbird Essay Topics Choose One of the Five Sentences and to Kill a Mockingbird Essay Topics Choose One of the Five Sentences - The Perfect Combination For that reason, it's obvious that impressive conclusion is the trick to your success. Needless to say, the novel found its way to the curriculum. The reality is that academic curriculum doesn't expect you to think of any game-changing findings. In this way, your teacher also is logical that no 2 students will hand in the very same work. Nevertheless, some students do not even bother to imagine how to compose a conclusion right. Give a concise statement about your viewpoint. The Pain of to Kill a Mockingbird Essay Topics Choose One of the Five Sentences Nevertheless, the customer is hanged because of the injustice of the society of Maycomb town. It's only a component of life and maturing. The appeals process continued for many years. All you need to do to forget about this issue just buy our expert services. Why Almost Everything You've Learned About to Kill a Mockingbird Essay Topics Choose One of the Five Sentences Is Wrong That the mad dog is quite much alive and his death isn't anticipated yet makes a sense of trepidation. Additional Arthur Boo' Radley can depict too little power. Scout wishes to understand why Atticus is still likely to fight for Tom Robinson if there's a big possibility that he's going to get rid of the trial. Atticus agrees, and would like to make certain Scout understands why this tiny white lie has to be told. Although other characters might be mentioned you may not understand what they are in reality thinking. The author did an outstanding job of creating the story somewhat simple to comprehend and fun to read. It's been acknowledged that Boo is regarded as one the novel's most powerless figures. The passage is quite effectual in producing the suspenseful atmosphere in itself and also very pertinent to the remainder of the novel. Whenever your task is to compose an overview of To Kill a Mockingbird, it may manage a book as a whole or only a couple of chapters. And this isn't the close of the story yet. The Fundamentals of to Kill a Mockingbird Essay Topics Choose One of the Five Sentences Revealed That is, clearly, if you are not taking an advanced English class or it's your major. As a result, if you're brave enough, visit the library and begin working. You also ought to make sure that you have proof to back up your analysis. Secondly, it makes the teacher's job less tedious, as they need to check, for instance, 20 unique works rather than checking 20 works recycling the exact same info. To Kill A Mockingbird explores a variety of different sorts of power throughout. Harper Lee employs a selection of language techniques to be able to convey ideas about power. He has been able to do this through several important language techniques. The Number One Question You Must Ask for to Kill a Mockingbird Essay Topics Choose One of the Five Sentences Racism clearly, racism is a significant subject of the novel. The realization that there's true evil in their society shakes Jem to the core. Therefore, it's a sin to kill them. This type of crime virtually neverhappened. to Kill a Mockingbird Essay Topics Choose One of the Five Sentences Explained It is recommended to look for the one which has a superior reputation and offers high-quality papers at economical prices. There are dozens and dozens of unique troubles and just well-described trifles, which are extremely important nowadays. She also makes a plot depending on the events and ideologies of the moment. And don't forget, too cheap doesn't always mean good!

Pharmaceutical Companies And The Pharmaceutical Industry

These pharmaceutical companies can increase their prices dramatically without the fear of losing profits because there is a lack of competition in their field. Since there is no other companies in the field to compete prices with, companies like Turing Pharmaceuticals can dramatically increase their price to increase their revenue. Even prior to Turing Pharmaceutical’s price increase, there was no competitors and large profits were being made. What is odd about this situation is that despite the large amount of profits being earned there are no new competitors entering the field. With other industries, when is an observed large amounts of profits being earned, there can be seen a large amount of new competitors entering the market. However, this is not the case for the pharmaceutical industry. According to Donna Sym, there are no new entrants in the pharmaceutical industry, only mergers within the industry (443). There are no new pharmaceutical companies entering the field. In stead the current pharmaceutical companies are buying the ownership of the different drugs from each other. When there is new ownership of a particular drug, most likely there would be a price increase that follows along. As observed with Daraprim, when Turing Pharmaceuticals gained ownership of Daraprim, there was an observed price increase of more than 5,000 percent. As of right now, in the market for Daraprim, there has been a company named Imprimis Pharmaceuticals that has created a $1 alternativeShow MoreRelatedPharmaceutical Industry : The Largest Pharmaceutical Company Essay1876 Words   |  8 Pages3. Overview: AstraZeneca is the second largest pharmaceutical company in UK, which has biopharmaceutical business in over 100 countries. In 2015, company’s market capitalization is $70.816 billion, and their net income is US$2.826 billion, with a 4.5% market share of US and a 2.5% market share of Europe, and the number of employees is 61500 (AstraZeneca, 2015). 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Although the theory has achieved great success academically, there is little toRead MorePharmaceutical Industry : The Biggest Profits1579 Words   |  7 Pages Of all the innovation businesses in industry, the pharmaceutical industry produces the biggest profits; in 2013 five of the pharmaceutical giants made net revenue of more than 20%. 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Are you optimistic about its future? This Pharmaceutical industry encompasses corporations that manufacture biological, medicinal and pharmaceutical products in several methods including tablets, vials, lotions, concentrates and suspensions. The general pharmaceutical market can be divided into prescription-based products and over-the-counter medications. The pharmaceutical products are primarily dispersed via wholesalers, and are then sold through pharmacies or dispensedRead MoreControversy in the Pharmacy Industry1142 Words   |  5 PagesThe pharmaceutical industry is a highly competitive business and its success depends on the sales and marketing of each particular drug. But more recently, there have been a rise in issues relating to the rapid growth of pharmaceutical use, spending for drugs and related concerns about drug prices, among many other issues relating to scandal with vaccinations. The pharmaceutical industry may have their issues, but there has been a lot of good to come from this industry when it comes to one’s healthRead MoreEthics779 Words   |  4 PagesEthics in the Pharmaceutical Industry Business Law Ivy Tech Community College Tamara Baxter September 20, 2013 The pharmaceutical industry has a difficult task when it comes to doing the right thing, put people or profits first (Weber, 2006). To keep their operations operating they must approach a duties-based ethical approach because the lives of their stakeholders are literally at risk. A religious ethical standard would mean not to falsely proclaim that a drug does something