Getein Biotech Strategic Decisions in Covid19

Getein Biotech Strategic Decisions in Covid19

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Case Study: Getein Biotech Strategic Decisions in Covid19 Getein Biotech was founded in 2013 by a team of experts in pharmaceutical manufacturing and distribution in India. Getein Biotech’s focus on innovative, high-quality products and services, as well as its unique approach to innovation, has resulted in its positioning as a top manufacturer of biopharmaceuticals in India. The COVID-19 pandemic has changed the dynamics

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My experience, in first-person tense (I, me, my), tells a story of how Getein Biotech made strategic decisions in response to the covid19 pandemic crisis. As a business owner and founder of Getein Biotech, I have experienced how the pandemic has shaken the whole world and how Getein Biotech adapted to it. I joined Getein Biotech as its new CEO in September 2020. Full Article At the time, the pandemic was still raging, and

Financial Analysis

Getein Biotech is a high-tech biotech that is working on vaccine and therapeutics for COVID-19. As the virus surged across the world, governments, regulatory bodies, and international organizations ramped up their efforts to find a vaccine or therapeutic that could combat the disease. Getein Biotech is one of the few biotechs that have taken the initiative to bring their in-house research teams together to understand the viral structure and develop a vaccine with the

VRIO Analysis

Getein Biotech’s CEO, Dr. Marko S. Lehtinen, has put the company’s entire strategy to put in place as one of the most essential strategies for fighting the pandemic. Lehtinen, in an interview with Health Investor, stated, “We should not only develop a vaccine, but also treat the virus. The best way to fight it is to treat it effectively.” To put his strategy in action, the company’s board of directors approved a major restructuring last year. As part

Alternatives

Alternatives: The first strategy for managing the uncertainty of COVID-19, which Getein Biotech has successfully implemented for itself, is: 1. Hire 50% of the staff to remain fully remote. Our main concern is to keep the team and maintain the health of our people. However, we also realize that the pandemic is still with us, and we need to stay connected to each other and work together as one team. However, if it comes to it, we can convert the headquarters into a command

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Covid19 had devastated the global healthcare system, resulting in a significant surge in cases, hospitalizations, and mortality. The pandemic had a severe impact on the biotechnology industry, threatening to derail innovation, drive down capital expenditure, and delay the development of Covid-19 vaccines, diagnostic technologies, and therapeutics. The impact of Covid19 on the biotech industry was expected to last for years, requiring strategic decisions and adaptation. Gete