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Merck Essay

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I. Company Description Nature of the Organization’s Business Merck and Company is a worldwide health care corporation that has been in pharmaceutical business since 1891. It has been in the business for 125 years and continue to prosper in this industry. To specifically described the nature of business, Merck & Co, Inc. is a global company that delivers innovative health solutions through its prescription medicines, vaccines, biologic therapies and animal health products, which it markets directly and through its joint ventures. The Company’s operations are principally managed on a product basis and are comprised of three operating segments, which are the Pharmaceutical, Animal Health and Alliances segments, and one reportable segment, which is the Pharmaceutical segment. The Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures. (Merck & Co, Form 10-K, FY 2014, p. 1). The pharmaceutical products are publicly sold via prescriptions for treatment of different human disorders such as diabetes, hepatitis, asthma, brain tumors, HIV, and other inflammatory diseases. In addition, the company provided animal products in safeguarding against bites …show more content…

According to the company’s website history, “Business Heritage, Commitment to Health, Access to Health, Innovation, Ethics & Integrity, Diversity & Teamwork” (merck.com, 2016) are the factors that made the company successful in the past and continues to improve for the future. Furthermore, as what stated in the company’s website history, “Merck named a top company for executive women in 2009.” (merck.com, 2016). This proves that diversity and teamwork is one of their utmost importance in delivering the highest standard of quality

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