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Raising Funds An ongoing problem with most research facilities around the globe is funding Now that Vertoxin has been discovered the next step is to get it onto pharmacy shelves across North America In order to do this Dr Lingwood and his research team must put the drug through three stages of testing in living human patients These three stages are estimated to take up to seven years to complete With the help of additional funding Dr Lingwood hopes to bring that number down to three or four years This is where I come in My case study problem is raise enough money through government funding to support the testing procedures throughout the four years When looking at this problem we decided that the best strategy for reaching our objectives would be to use the strategic planning process This involves setting objectives developing strategies and creating action plans to accomplish specified goals Inside are the results of this process Objectives When setting objectives we looked at two main points First how much money we need and second how to decrease the time estimated to complete the experiments After brainstorming these are the two objective we came up with 1 To obtain 15 million - 2 million in funding - to be split evenly over four years 2 To shorten the completion time of the three stages Develop Strategies Once our objectives had been set Dr Lingwood and I began to develop goal-achieving strategies When deciding on a suitable strategy we decided to take snap shot of Dr Lingwoods department in a perfect world In other words we looked at how the department would operate at peak efficiency and work to find ways to achieve that level of performance Objective 1 To obtain 15 million - 2 million in funding Strategies a Apply for a grant from the Canadian Cancer Society andor other appropriate government agencies b Fund raise
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