on diabetes nutrition Part A: China Oriental pharmaceutical company Part B:US Te
ID: 383379 • Letter: O
Question
on diabetes nutrition Part A: China Oriental pharmaceutical company Part B:US Texas pharmaceutical company Background information of both parties: China Oriental CO. is a government-owned business that has grown rapidly during the last decade, forging a path into the list of top 100 Chinese pharmaceutic companies in 2016.Its market value has reached 13 billion RMB, and it has maintained an average turnover of a billion RMB in the past 3 years. Decent assets allow Oriental CO to renew its production line to produce new drugs, both financially and technically. In addition, Oriental CO has formed a good relationship with agents, retailers and hospitals in many regions of china. However, since Oriental CO has devoted too many of its resources into expanding its market channel instead of developing new products in recent years, its upgrading process fails to meet the expectation of board, and Oriental CO is currently confronted with great challenges. Under such circumstances, Oriental CO is eager to purchase technology US Texas Co is an old-line international pharmaceutical company with strong research capacity. With abundant capital, it is a world leader in field of technology. Around the globe, Texas Co employs more than 30 thousand staff members and owns high-level research facilities in the US and major countries of Europe, carrying out clinical experiment in tens of countries and selling drugs to 165 nations. The turnover of Texas Co is 9 billion US dollars in 2016 new and advanced patentedExplanation / Answer
Look at the information of both these companies and jot down the information in a table.
The most striking feature of the transfer includes a instruction fee of $1000,000 which was determined on Feb 2nd 2017. Therefore Orietnal Co can make a request that it would send a team of its experts to learn the ropes of this technology on site, i.e., visiting Texas Co, as the transfer is getting delayed.
Another negotiation tactic may also include Oriental Co to send an official email to Texas Co,stating that it would have to further review whether the cooperation is lucrative now since the deadline has been rejected.This would definitely give an oppurtunity to both parties to decide a concrete deadline.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.