There is a disaster-prone State having frequent landslides, forest fires, cloudbursts, flash floods earthquakes, etc. Some of these are seasonal and often unpredictable. The magnitude of the disaster is always unanticipated. During one of the seasons, a cloudburst caused devastating ...
Model Answer Introduction A scientist in a pharmaceutical company discovers that a bestselling veterinary drug has the potential to cure a currently incurable liver disease prevalent in tribal areas. As CEO, the dilemma lies in deciding whether to invest ₹50 crores in developing a human variant of tRead more
Model Answer
Introduction
A scientist in a pharmaceutical company discovers that a bestselling veterinary drug has the potential to cure a currently incurable liver disease prevalent in tribal areas. As CEO, the dilemma lies in deciding whether to invest ₹50 crores in developing a human variant of the drug, given the limited market potential in poverty-stricken regions.
Body
(a) Actions to Consider
- Research Grants:
- Seek funding from governmental or non-profit organizations focused on healthcare.
- Collaboration or Partnership:
- Explore partnerships with universities or research institutions with expertise in liver diseases.
- Government Support:
- Engage with policymakers to advocate for financial support or subsidies for the R&D effort.
- Philanthropic Initiatives:
- Tap into corporate social responsibility initiatives by partnering with philanthropic foundations focused on healthcare disparities.
(b) Evaluation of Pros and Cons
- Research Grants:
- Pros: Reduces financial burden, brings in external expertise, and provides collaborative opportunities.
- Cons: Competitive and time-consuming process; may impose restrictions affecting control over research and commercialization.
- Collaboration or Partnership:
- Pros: Allows for cost-sharing, knowledge exchange, and access to additional resources.
- Cons: Requires careful negotiation; potential conflicts in priorities or intellectual property rights may arise.
- Government Support:
- Pros: Financial assistance can offset R&D costs; enhances company reputation by addressing public health challenges.
- Cons: Bureaucratic processes can be slow and uncertain; limited funding may be available for specific research areas.
- Philanthropic Initiatives:
- Pros: Demonstrates commitment to social impact; provides access to resources through partnerships.
- Cons: Initiatives may have differing agendas; competition for funding could limit availability.
Conclusion
As CEO, it is essential to evaluate these actions based on financial feasibility, impact on the company’s reputation, and alignment with core values. A strategic approach that combines these options may offer the best pathway to develop the drug while addressing critical health needs in underserved populations.
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Model Answer Introduction In a disaster-prone state facing severe flooding and landslides, thousands of individuals, including patients, vulnerable groups, tourists, and political figures, are trapped. As a civil services officer, it is crucial to prioritize rescue operations effectively. Body As aRead more
Model Answer
Introduction
In a disaster-prone state facing severe flooding and landslides, thousands of individuals, including patients, vulnerable groups, tourists, and political figures, are trapped. As a civil services officer, it is crucial to prioritize rescue operations effectively.
Body
As a civil services officer, the order of priority for rescue operations would be:
Conclusion
This rescue prioritization is designed to maximize survival chances by addressing vulnerabilities and immediate needs first. By focusing on those in critical condition and progressively moving to less vulnerable individuals, the rescue efforts can be organized effectively to minimize casualties.
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