M$1$ Discussion: Strategy

In this module, we begin to explore strategy and in this discussion we are going to look at a company$-$Merck$-$to examine strategy in depth. Here is what I would like you to do:

MERCK

Image credit: By Unknown $=$ PDF$,$ Public Domain.

Read and review Chapter $1$ of the Rothaermel text, What is Strategy? along with the M$1$ Content Guide.

In the section about Merck $($p$.21-22)$ it is clear the firm has followed a socially responsible path by donating more than one billion drug treatments to remedy river blindness in remote African communities. Yet, Merck must also meet shareholder responsibilities and make profits on drugs in use in more affluent societies.

First, in your initial post, determine how a responsible firm should make these trade$-$offs and explain your position.

Also, create a ranked list that identifies what steps can strategic leaders take to guide organizations on these challenging issues.

Finally, compare and contrast your trade$-$offs and ordered lists with your classmates.