Double-Double Toil And Trouble One Compounding Pharmacy S Recipe For Steroids Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Double-Double Toil And Trouble One Compounding Pharmacy S Recipe For Steroids Case Solution

This case is about the pharmaceutical company NECC and its sister company, which has errors in drug making and has contaminated drugs and injections. The Health Department investigated the issues and claimed that the firm does not have any proper system of quality control and the data as well as the labor skills are not adequate, which creates errors and directly affect the production of drugs. Moreover, because of not making drugs properly and the contamination, people are suffering from diseases, such as: fungal and personal injuries because of compounding drugs. There are some measure regarding the law that should be implemented by the NECC to make its operations better.

Step 1: SWOT Analysis

The SWOT analysis of the NECC and its sister company Ameridose is necessary, because it will aid the company in making its operations better and the firm will be safe from bankruptcy. SWOT-Strength, Weakness, Opportunity and Threat analysis would help in investigating the main area of the problem and can get the errors rectified. The firm can analyze its skills and weaknesses that where it is working inefficiently and the occurrence of issues. More than that, it can get the opportunity of workingefficiently and identifying the expected threats in the pharmaceutical company.

Step 2: Industry Analysis

The industry analysis or Porter’s Five Forces Model can help the firm not only in analyzing its internal environment but also providing an aid to analyze the overall industry, where it can learn from its rivalry firms regarding what are the best practices to make your operations better and how to cater the market and suppliers efficiently. What are the trends in the industry and innovative practices are applied to get a safe and secure drug and free from any hazards?

Step 3: PESTLE Analysis

PESTLE analysis helps the industry in analyzing its external environment and assessing the regulations according to the political and legal aspect. It also helps the firm in analyzing the market competencies and to work according to them.

Step 4: Implementation Framework

The implementation framework helps the firm in implementing and executing its strategy according to the standard operations. It leads the firm to work under the legislation and perform its operations according to the laws and rules. The firm should make its framework in such a way that the current problems could be sorted out and the risk of bankruptcy can decrease.

Final Recommendations

The final recommendation for the double-double toil and trouble one compounding pharmacy recipe for steroids are described below:

It should strengthen its supply chain and distribution method to reduce such risks of expiration, due to a long time storing of the drugs.
It should develop the marketing tactics and strategies to reduce the risks of falsified drugs to make the market penetration, customer reviews and the demands of the drugs.
It should expand its market and must have market diversification to downsize the issues of bankruptcy.
It should improve its QC and QA (Quality Control and Quality Assurance ) to have the proper check and balance of the products.
The proper audit system must be maintained in the firm.
The production process must be working under the supervision of experienced and concerned people.
They should have pharmacological system that could assess and monitor the production line and the process.
The most important factor is the relaxation to the labor and machines, because continuously working system can cause errors.

Conclusion

The double-double toil and trouble one compounding pharmacy recipe for steroids can improve its working process and the goods by following the above methods. Furthermore, they should accept the mistakes that they did and make their operations better. The company should not file the bankruptcy, but try to increase its market reputation now with the help of standard strategies. The laws and the regulations must be followed to downsize any disruption and the deterioration of human health........................

This is just a sample partial case solution. Please place the order on the website to order your own originally done case solution.

Double-Double Toil And Trouble One Compounding Pharmacy S Recipe For Steroids Harvard Case Solution & Analysis