Technological Start of the Israel

College of Business Education

Quezon City

Case Analysis:

The Wilson Corporation

Offered to the

School of Organization Education

In partial fulfillment

of the requirements in

AUD 516 – Assurance Guidelines, Professional Ethics and Very good Governance

Published by:

Badiola, Azalea Vic I.

Binungcal, Vera Queenie M.

Bragais, Maria Signora C.

Educado, Juvy Flower N.

Decena, Rose Ann M.

Dela ut Vega, Chowe C.

Jolbitado, Jonah Big t.

October six, 2013

AFFIRMATION OF THE PROBLEM

Wilson Firm has poor internal handles that lead to most scams and mistakes.

CRITICAL ACCOMPLISHMENT FACTORS

Selling price

The company has started to experience a few price competition. Its method high priced by competitors, besides the fact that it is the only product medically proven to decrease the duration and severity of ulcer and heartburn symptoms by half. Product Trustworthiness

As stated in this case, Wilson's Antacid products are proven to decrease the duration and severity of ulcer and heartburn symptoms by nearly half. Item Availability

The items sold entirely in lozenge form nevertheless the company meant to produce in liquid form in the future.

Wilson products are designed and allocated to the customer through the over the counter market place.

Credit Conditions

Wilson Organization doesn't have a tight credit terms which means that the customers can easily order their products without much effort, these types of also help attract more customers and gain commitment.

Name Reputation

Competing while the world's pharmaceutical company is the that the items are popular. Given that Wilson's antacid goods are confirmed to be effective, the corporation has a wonderful advantage against its opponents.

Delivery Time

Deliveries are important to every firm, especially time sensitive pharmaceutical deliveries. One particular national pharmaceutic manufacturer needed a way to strongly monitor and better oversee their period sensitive pharmaceutic deliveries.

VISION

To be the greatest pharmaceutical firm in the world involved in providing most advanced health care that will help improve the standard of living of people. MISSION

Wilson Corporation is dedicated to:

Deliver top quality products which will sustain and save the lives of folks around the world;

Discover, develop and bring to industry important fresh effective and safe medications in chosen therapeutic areas;

Create long-term value for shareholders;

Provide best location to work, getting and retaining talented people at all levels by creating an environment that encourages those to develop their potential to the fullest;

Support government and native communities to improve the lives of people.

OBJECTIVES

To discover, develop and ensure access to safe and effective drugs; To provide sustained profitable growth for their investors; To operate with all the highest specialist and moral standards within their activities; To enhance the corporate popularity and staff morale;

To experience an active part in improving the quality of lifestyle in residential areas where that they operate.

ORGANIZATIONAL CHART

INTERNAL CONTROL ENVIRONMENT AND WEAKNESSES

CONTROL ENVIRONMENT

Integrity and Ethical Principles

Lack of self-reliance of plank of company directors

and review committee.

Dedication to Competence and Staff

Accounts

payable

manager

with

no

accounting background. Danger of human being

error.

Relatives and close longtime friends of the

CEO are employed by the business or are

utilized as outside the house consultants. Many of them

are incompetent (e. g. accounting director of

accounts

payable

has

no

accounting

background and may be the wife in the CEO).

Organizational Structure

No human resource division. Still, the

top managing is responsible for selecting and

terminating of personnel instead of centering

on tactical management.

In spite of having an audit committee, the

business does not execute internal...

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