Business - A Case Study Essay

1224 Words 5 Pages
Raising Funds

     An ongoing problem with most research facilities around the globe is funding. Now that Vertoxin has been discovered, the next step is to get it onto pharmacy shelves across North America. In order to do this Dr. Lingwood and his research team must put the drug through three stages of testing in living human patients. These three stages are estimated to take up to seven years to complete. With the help of additional funding, Dr. Lingwood hopes to bring that number down to three or four years. This is where I come in. My case study problem is raise enough money through government funding to support the testing procedures throughout the four years. When looking at this problem we decided that the
…show more content…
      b) Increase lab organization to ensure that unnecessary time isn’t lost                     searching for misplaced equipment (it is proven that humans waste one full                year of their lives looking for things).
      c) Look into new innovative lab procedures and equipment that might                decrease the time spent on experiments.
      d) Contract out to companies that specialize in doing lab tests for other                organizations. This would ensure that our scientists could concentrate on                the important tests.
      e) Stream-line: Department will examine the procedures needed to complete                the project and decide whether any of them might be easily

Related Documents