Str581 Week Two Discussion Questions

Top of FormConsider the organization you have selected for the final strategic plan in this course. What economic, social, political, technological, and/or ecological factors must be taken into account when evaluating the remote environment? (the organization that was selected was Acorda Therapeutics In). Acorda Therapeutics Inc. is a US biotechnology based pharmaceutical company involved in development and commercialization of biotechnology solutions for neurological conditions. Some of the more notable conditions that the company addresses include multiple sclerosis, migraine and Parkinson’s disease. As an innovation and technology company, Acorda Therapeutics Inc. must rely of the FDA for patent approvals and on the courts system to protect its patent rights CITATION Aco18 \l 7177 (Acorda Therapeutics, 2018). In the development of a strategic plan the following remote environment factors must be taken into account in order to develop an understanding of the operating challenges the company will face CITATION Hit15 \l 7177 (Hitt, Ireland, & Hoskisson, 2015).PoliticalIntellectual property protection for some of the company’s may be compromised by government policies that favor availability of new technology inventions to the greatest number of people. Stakeholders such as non-governmental organizations, pressure groups or public protests may force the government to intervene in the