Business Research Applications Paper Essay Example | Topics and Well Written Essays - 1250 words

Business Research Applications Paper - Essay ExampleResearch happens to be an integral part of every science and medicine related family. Merck & Co., Inc. is also a global research-driven pharmaceutic company. Established in 1891, Merck discovers, develops, manufactures and markets vaccines and medicines to address unmet medical needs. The stated mission1 of Merck is, To provide society with superior products and services by developing innovations and solutions that improve the quality of life and satisfy client needs, and to provide employees with meaningful work and progress opportunities, and investors with a superior rate of return. With this mission the company has been carrying on the producing medicines for different needs. Core values with which the company operates its business arev. Recognizing that the ability to excel -- to most competitively meet societys and customers needs -- depends on the integrity, knowledge, imagination, skill, sort and teamwork of companys emp loyees. Company has affirmed its respect to these qualities and how it values these qualities most highly.Tradition exclusivelyy maximizing profits has been considered to be the objective of any organization. Not any more.This criteria has been discarded. Now organizations are supposed to have multiple objectives, monetary as swell as non-monetary. There are short-term objectives as well as long-term ones. Research is an important tool for long term objective strategies. It helps in value creation as well. Value appendage is one of the best strategies to take on the competitors. The term value can be defined in different ways according to the adopted perspective of the analysis it is possible to determine a customer value, a firm value, a stakeholder value (Mele and Colurci, 2006).Research Activities at MerckMerck has a shown its commission to research and developmental activities. For example the company invested $4.8 billion towards Research and development investment in the division 2006. In a pioneering effort Merck has associated itself with HIV Vaccine Trials Network (HVTN), an international collaboration of scientists and institutions sharing all their foot races and results in the field of aids medicine. This lucre is actively pursuing the research headed towards discovering a medicine for Aids. This vane shares trial results of researches being carried out by different companies and scientist organisations. The HVTN also facilitates parallel and concurrent testing of the set up of new experiments and medicines. The HVTN is a unique hybrid combining the depth and diversity of the academic community and the tractability of a commercial drug company like Merck. Working with industry and government, the HVTN seeks to expedite and coordinate the trial process, advancing vaccine candidates and building a body of knowledge about HIV vaccine trials. This network is the most ambitious one in the industry with