Merck Shareholders and Decision Makers - Assignment Example

In terms of overall focus and medical needs, Merck is facing many more prescient needs that involve not only the sense of sight but the actual ability to potentially prolong the life of the individuals that might receive the new pharmaceutical intervention.

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Key stakeholders, in this case, include Merck shareholders, decision makers about research and development, other individuals that suffer from debilitating conditions that further research and development by Merck might otherwise cure, and those that are or might potentially become infected with River Blindness in the future.

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The cost of this decision would be that a potential cure would be knowingly passed over by the decision-makers at Merck. The benefits would be that other potential remedies could be developed that might otherwise positively impact a much larger group of stakeholders.

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A strict utilitarian would seek to promote the greatest utility in this particular case. As the plight of new potential research would be unknown and there is a small percentage chance of the animal drugs working well about curing or addressing River Blindness, the utilitarian would ultimately choose the River Blindness research over the other alternatives. One of the ways that managers can encourage stakeholders to take back injuries more seriously is to provide an emotional appeal based on the individuals that have already been injured in the line of work. Whereas the employee might not think that the employer has their best interests in mind, showing that the health, happiness, and safety of the employees is something that affects everyone is something that can be done as a means of engaging a further level of understanding throughout the firm.

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Advanced appreciation would be one extremely useful technique that the professor could use as a function of engaging participation. Rather than waiting for the students to sign up for the research and waiting until they thank them, the professor could express a level of advanced appreciation to the students that would be willing to engage in this extra-curricular activity.

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Rather than expressing frustration outright, the professor should instead thank his boss for giving him the opportunity; as it means a great deal to him. After this has been done, it will then be possible to say that certain aspects of the job are not quite as fulfilling as he/she might have hoped. This opens the door for both individuals to act as problem solvers and takes the pressure off the boss as well as the individual who is voicing their concerns. Read More