Needle Stick Case Business Sector Essay

1500 words - 6 pages

Assessment 2: Analysis of Cases - Business SectorThe following analytical report of the Becton and Dickinson Needle Stick case will be derived from perspective of the business sector of the BSP triangle.The case discusses that there is a need in the healthcare market for a new design of syringe that is safer for healthcare workers due to an increasing number of needle stick injuries that can be life threatening and very costly to the employers of these workers. At the time of this crisis Becton and Dickinson manufactured about 70 percent of syringes and needles used by healthcare workers in the U.S, making them the market leaders. They had grown and established themselves to be the largest suppliers of syringes and needles and for the company to offer a new design in the early 1980's would mean a major overhaul and reengineer of products, and also including retooling and marketing investments they would be forced to outlay quite a large portion of capital, not to mention that a new product will mean competition and decreased sales of their earlier leading product. Therefore Becton and Dickinson decided against developing a new safer design of needles and syringes at this time. From a business point of view this decision that the company made was most appropriate, acting in its best interest which is to build and retain profits.In 1986 a new syringe design was developed by Norma Sampson which allowed the user to pull down a cover over the needle protecting people from needle stick injuries. Becton and Dickinson purchased the exclusive rights to manufacture this new design of syringe. This design was the most effective at the time for protecting users from needle sticks and by purchasing the exclusive rights to manufacture it meant that no other company could use the same design when thinking about supplying healthcare workers with the wanted and needed product of safety syringes, eliminating any possible competition.After various testing and manufacturing of the new design Becton and Dickinson launched the product under the name Safety-Lok Syringe in only the 3cc size syringe, which did actually account for about half of all syringes used by healthcare workers. The possible reason for not manufacturing the Safety-Lok Syringe across the range of syringes could be so that Becton and Dickinson did not want to compete with their own original leading products and push them out, as they were still manufacturing them in the 5cc and 10cc size. The Safety-Lok Syringes were priced and sold to doctors and hospitals for between 50 and 75 cents and then in 1991 the price was dropped to 26 cents which is fair enough, with any new one of a kind product that is in high demand, at the start of its life the price can be set high to get a quicker return on investment and achieve the highest possible profits, then once that investment has been returned and then the company can afford to drop the price it will do so and try to sell more volume.In 1992 the OHSA and FDA...

Find Another Essay On Needle Stick case Business sector

Public sector management: privatisation as an answer

2281 words - 9 pages , which means that there is limited capacity for the negotiation of inputs. (Lawton and Rose, 1994) "A strong case can still be made for the uniqueness not distinctiveness of public service management" (Rose and Lawton, 1999, 3) Public sector management is dependent on factors which are unique to public organisations: the control of politicians, legal framework, relative openness and accountability to a range of public 'watchdogs'. (Horton, 1999

There's a Syringe in My Pepsi Can!

1259 words - 5 pages When a crisis occurs in an organization, this can interrupt the way an organization conducts business. A crisis can occur at any unforeseen time and can take an organization off guard. Effective communication is critical when managing a crisis within an organization. "There's a syringe in my Pepsi can!" is the case study that will be used toevaluate PepsiCo's effectiveness of communication among their publics. This paper will highlight the

Analysis Of The External Environment Of Business

1591 words - 6 pages an essential ingredient of technology and I therefore prefer the following definition: ‘The application of available knowledge and skills to create and use materials, processes and products' (Needle 2004) This wider definition relates the application of knowledge to the wider processes of business practices i.e. the production and promotion of goods and services. Further it indicates how technological developments are relevant to public

The United States versus Paramount Pictures, Inc

1646 words - 7 pages to create a competitive product. Like the American Needle, Inc. v. National Football League (2010) case, there are many ways monopolies can be trialed and sometimes the defendant is not always in the violation of the law. The Sherman Law is very important in business and finance of big companies. The idea of vertical and horizontal integration must be implemented carefully in order for the law to be abided. Many companies such as Wal-Mart use

Mini essay: CIRCULAR FLOW MODEL "Explain the circular flow model. What assumptions is it based upon? How is equilibrium determined in the model? Explain its application in the real world."

1236 words - 5 pages Firms sector. This sector represents all of the business firms involved with the production and distribution of goods and services. Firms contribute to the circular flow as it is in a business's best interest to obtain factors of production and use them to produce and sell goods and services.The basic model is based on the assumption that the economy consists of only the Households and Firms sectors. Here, the model is overly and rather

AIDS and Healthcare Workers

856 words - 3 pages Accounting Office stated that no evidence supported that Dr. Acer deliberately infected those in his care (Altman, 1993).The most plausible accidental infection would be through a needle stick. However, Altman explains, “…studies have shown that only about one stick in 300 transmits the infection” (Altman, 1993). Therefore, his success rate would be unheard of if the patients he infected were selected, as suggested by Dr. Acer’s claimed friend

Resource-Based Economy: Blessing or Curse

3252 words - 13 pages and government help. What also could be viewed as advantage is the high incomes that Russian budget have in case of the favorable conditions in the commodity market. Moreover, this lead toward development of the banking sector, which is necessary in order to accumulate and redistribution of the commodity incomes. The Russian economy is artificially arranged so that the basic purpose is to provide great profits to the resource and banking

Private Sector Services

2570 words - 10 pages afford, whereas state schools must, by law, enrol all who seek entry. Private Services in Tourism In tourism, the private sector is the comprising of suppliers, tour operators and travel agents. Suppliers are the ones whose business is to provide a particular service, facility or commodity. Tourism suppliers are to supply such tourism service, facility and commodity that both directly and indirectly relates to customers. Travel, tourism and

Managing Type 1 Diabetes

4051 words - 16 pages patient has to be aware of conditions that can occur with diabetes. One of these conditions is called hypoglycemia. When this happens “A patient can treat his or herself but once the level goes above mild to moderate or severe, they need help from someone else in order for treatment to work. The patient could be unconscious and would require another person to stick a needle with fast acting insulin called glucagon into his or her thigh to regain

How Miller Uses Reverend Hale in The Crucible

4251 words - 17 pages child could have a poppet, but a grownup keeping one was unnatural. Witches were widely believed to make images of their victims in order to torment them from a distance. The witch would stick a needle or thorn into the body of the image, and that part of the victim's body would be wracked with searing pain. Stick the needle in the image's heart, and the victim was supposed to die. Hale's struggle with his conscience: Hale's position at

Complete Governmental Study on a Corporation or Organization

2881 words - 12 pages national parks are handled by government, not regulated. So is the interstate highway system. In contrast, toy manufacturing, which is an activity of private business, is regulated by government, as are the manufacture and sale of many foods and drugs, the production of cars, and the practice of law, medicine, and other occupations (Collin, 400-401). Discussion "To see privatization and private sector practices as the answer to the

Similar Essays

Needle Stick Injuries Essay

1449 words - 6 pages custodial workers, laundry and dry-cleaning facilities, hotels, park and recreation employees. The number of needle- sticks in the waste industry is very difficult to track. Waste companies are required by law to report injuries in Occupational Safety and Health Administration 300 logs, but due to the nature of this business, many workers may not even be aware they have been stuck. Waste workers are lifting, tossing and hauling several bags at

Medical Technicians And Needle Sticks Essay

1648 words - 7 pages Hello, doing research on my major made me realize there is a lot that can happen in the field I want to major in. Did you know in the medical field 600,000 -1 million needle sticks and other sharp injuries happen every year according to centers for Disease Control and Preventation. Imagine how many technicians get stick end up with disease that wasn’t from them just because they were stuck by someone else’s needle. Medical technicians have to

Tongue Piercing Essay

888 words - 4 pages reason to feel that way.The actual piercing is a very quick process. First you wash out your mouth with an antiseptic mouthwash for about two minutes. Then you stick out your tongue and the piercer holds it in place with a specialized set of tongs that are basically like kitchen tongs. A needle with a cork on one end is put through the tongue, then a barbell, (an earring with a ball on each side, one that screws off), is pushed up from underneath the

How To Scratch Records Essay

1461 words - 6 pages movements until you have the pattern fixed in your head. Don't get discouraged if your first attempts result in utter chaos. Stick with it and you will be surprised at how fast you pick it up. One of the most frequent problems beginners have with scratching is the needle jumping. First of all you will need slipmats if you want to scratch. Slipmats are placed between the record and the platter; the most common are the felt types, which can