write a letter to managing director of company enquiring about progress made by pfizer biotech covid 19 vaccine
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Decision Making
A Letter to the Chief Executive
by Joseph Fuller
From the October 2002 Issue
Editors’ Note: This fictional letter from a board member to a CEO highlights the challenges and complexities of running a business in today’s uncertain environment. While avoiding the facile bashing of U.S. executives so common these days, it nonetheless casts a hard light on the flaws that have recently been exposed in the American management model. We hope that you find it an illuminating, and bracing, read.
Dear CEO,
I’ve been reflecting on the recent board meeting. We were all encouraged by the third-quarter revenue numbers and the improving forecast for the year. The stabilization of our gross margin, despite the price cuts, speaks well of your latest cost reduction initiatives. On the whole, I think we can safely assume we’ve weathered the current storm. However, while we can all be grateful for the recent signs of an upturn in our performance, I suspect the next year or two will hold many challenges.
Indeed, the stabilization of our situation offers only a brief reprieve, if any at all. Like many companies these days, we have a workforce that remains fragile after surviving rounds of layoffs. We operate in an industry that still has decidedly too much capacity. And we are embroiled in a market share battle that shows no signs of abating. I’m not sure if anyone really knows which of our competitors started the price war—for all I know, we did—but we’ve only just begun to see the effects on margins and market share. Furthermore, some of our competitors’ recent earnings restatements and their use of “creative” accounting will surely bring more scrutiny to our company in the months ahead. In short, you’ll have your hands full indefinitely.
. If you’re invited to submit a full proposal, you will present this information in more detail.
If you were evaluating this grant for support, how quickly do you think you could locate the project goals and objectives in this methods statement?
In order to support our goal of bringing families out