Discuss the conflicts and tensions between the expectations of Essay

Discuss the conflicts and tensions between the expectations of society, the aims of business and the roles of government as exemplified by the pharmaceutical in - Essay ExampleThere atomic number 18 several areas upon which impact of these conflicting interest are greatly observable. In our case scenario, we take the pharmaceutical industry as our case model. However, our discussions will just be limited on the interrelations between outside factors viz. government regulations and the expectations of society vis--vis the internal focussing systems and responses of the company, especially in terms of labour and production. We will deal in general on the aspects of labour and how it is touch by the business cycles and trends. Hence, we will focus more on the management aspects and little on the activities and developments of the pharmaceutical industries.Economic cycles can be viewed in terms of predictable long-term1 pattern of changes in the national income of a given countr y. Based on established patterns, we have a traditional business cycles which involves four stages namely expansion2, prosperity3, contraction4 and recession5. This is a cycle whereby at the end of the recession period, the expansion stage kicks-up again. During these economic stages, we can discover chain reactions in the different aspects of the business sector. Common characteristics in these cycle of events in the impact it has on the labour in terms of changing employments, the productivity where there may be more of less production depending on the cycle and the rise and fall of interest rates depending on the cycle involved.6To exposit this scenario, let us look back into our economic history. In the 1970s up to the 1980s, a mantrap rise of unemployment rates in Europe can be observed. This steady rise was then attributed to mostly to the demand and supply of labour force where it was perceived that supplied skills and expertise of labour did not match with the demand. no n only was there a mismatch in the supply and demand of labour, there was also a perceived discrepancy between wages