Generic drug

important benefit of pharmaceutical drugs is the fact that it helps enhance one’s health. There have been great health outcomes from using the drugs. According to the U.S. Bureau of Labor Statistics (2012), the pharmaceutical industry has helped to develop and produce products that help treat a variety of diseases in which saving millions of lives and helping people suffering from diseases and illnesses to recover and lead more productive lives. In order to get these drugs to be sold to…

achieve a competitive advantage that allows them to outperform their competitors. Porter positions that to sustain the firm’s competitive advantage (Porter, Competitive Advantage, The Free Press, 1980), firms should choose a strategy amongst three generic strategies being cost leadership, differentiation or focus (IMAGE). The cost leadership strategy involves the firm winning market share by having the lowest overall price (or the best price to value ratio) compared to competitor firms. To…

The primary distinguishing factor between Penrose’s and Coase’s theories is the idea of fluidity – Coase believes the firm to be a static body with an optimum size, whereas Penrose views the firm as a dynamic entity that has no size limit, unless it fails to exploit its resources, at which point the firm becomes stagnant. Whilst Penrose defines the firm as an "autonomous administrative planning unit”, which is bounded by its “area of authoritative communication”, Coase perceives the firm as a…

delay initiating therapy due to financial constraints (Woo & Wynne, 2012). In the case listed below there are many factors that would need to be addressed in addition to financial concerns, including knowledge deficit, perception, complexity of the drug regimen, adherence, cultural implications, and the caregiver’s role. However, this paper will focus on the financial aspect. Case Study Scenario A mother brings her 8-year-old child to the clinic,…

selling it to others to make profit. A drug patent is an indentation using a substance or a chemical produced by a pharmaceuticals industry. A patent gives an individual or a company full control over their product. It stops other companies or an individual from misusing the product. A patent keeps other off the market and gives the patent holder an open market. Even though a patent gives its holder a monopoly market, it is sometimes necessary to do so. A drug patent gives the pharmaceutical…

The relationship between Porter 's Generic Strategies Analysis & Industry Forces The three generic strategies proposed by Porter (1980, 1985) can be adequately used to safeguard against competitive powers in the business environment. The business strengths take the type of barriers to entry, buyer power, competitive rivalry, supplier power, and threat of substitutes (Lynch, 2003). Barriers to entry: An organization utilizing any of the three strategies would think that it is simple to make…

A core competency is about a strategy we compared with other market competitors in same fields. These core competency brought by Gary Hamel and C.K.Prahalad in 1980s. Basically core competency is mainly view of what are the company strengths at and they just look inside the company and then decide by what they can do outside the companies. Core competency is also to find the strength and the weakness of the companies to do the strategic planning to improve the company’s market placings. A…

Synergy: Synergy is one of the most important reasons that make Procter& Gamble implement the related constrain diversify strategy. This is, Synergy can help P&G in several ways: 1, Gain market power relative to their competitors: P&G can gain its market power through both multimarket competition and vertical integration. 2. Combining talent and technology: the second important thing about synergy is that it can improve the firm’s efficiency that can derived from economies of scale, economies…

The five competitive forces that shape strategy By Michael E. Porter Structure-conduct-performance (SCP) strategy model is supposed to determine the structure of the market firm behaviour that will determine the performance. This is the model and that are central to the economy of industrial organization, consistent with the view positional strategy, as opposed to the point of considering the existing strategic resources. (Barney, 2007) A Realization of the five forces enables company to grasp…

Vivas and their attempt to get a drug approved by the Food and Drug Administration (FDA) that combats the newly-labeled Female Sexual Dysfunction. She reveals pharmaceutical interests and the way they are intertwined in the public’s perception of healthy and “normal”. The film is focused mainly on the pharmaceutical company Vivas, a company that was originally responsible for the first FDA approved erectile dysfunction medication. Soon after the introduction of their drug, however,…