Learning aggroup Weekly Reflection
Learning Team Weekly Reflection
The freedom of office ownership is the foundation of the join States economy. Cheeseman (2010) defines unmistakable position as real property and forcible personal property. A comprehensive body of law shelters the rights of property owners and prevents others from trespassing on their rights (Cheeseman, 2010).
The pharmaceutic industry is a diverse and highly regulated industry. It involves research, manufacturing, distribution, and selling of various medical products. In this industry, companies command to protect real property rights as pharmaceutical firms, their suppliers, and associated firms have become a major target of theft, vandalism, property damage, product tampering, eco-terrorism, and litigation (Andreus International, 2012, para. 2). Companies enterprise risk management (ERM) programs be especially important in the pharmaceutical industry. These programs involve acknowledgement and protection of tangible property rights.
Tangible Property Rights Identification
The first-year step a manager needs to take is identifying the tangible property within the lay outnership.
In a pharmaceutical company tangible properties include land, buildings, computers, various types of equipment, drugs, administration supplies, manufacturing processes, packaging, conveying of marketing and scientific data, and so on. Identification and proper comprehension of tangible property rights will help find ways to protect tangible property and avoid potential legal issues. It would be helpful for managers to receive special training and obtain supererogatory knowledge concerning tangible property legislation. Training is an essential part of completing any business objective. Staff members and other employees need training to be aware of the possibility and dangers of theft (Geisel, 2005).
special responsibilities of managers are to convey to employees the identification of the...If you want to get a full essay, order it on our website: Orderessay
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