Trends in the Pharmeceutical Industry
Not what you're looking for?
Research three forces or trends from the remote or industry environment. For each force or trend selected, discuss the following in a 350-word synopsis: (A) a detailed description of the force or trend, (B) the relevance of the force or trend to your chosen organization, and (C) your chosen organization's strategic adaptability for the force or trend. Thus, each team member should have three 350-word synopses, one for each force or trend, which provides the information identified. APA ONLY
Purchase this Solution
Solution Summary
For the purpose of this assignment, I will choose Pfizer Pharmaceuticals, the leading global player in pharmaceuticals industry. This solution discusses economic, social and technological factors that affect this industry. This solution is 775 words.
Solution Preview
For the purpose of this assignment, I will choose Pfizer Pharmaceuticals, the leading global player in pharmaceuticals industry.
Let us discuss each of three forces or trend one by one that affects Pfizer Pharmaceuticals
We will first choose economic factors for Pfizer. Just like any other global corporation, recession or boom in the economy has negative or positive impact on operations of companies like Pfizer. Recession has negative impact on government grants, funding or spending on healthcare, reduced spending on healthcare by consumers, etc. Similarly, during boom time, spending on healthcare increases, government provides more grant for healthcare research, etc.
In order to combat such economic fluctuations, the best way for companies like Pfizer is to diversify their operations in multiple countries across the world, so that depression in one economy is offset by boom in another one. For example, during tough times in USA, Pfizer can concentrate on fast growing emerging markets like India and China. Similarly, cost cutting initiatives can be introduced by setting up offshore manufacturing and R&D bases to combat recession in key markets.
Pfizer can also concentrate on spending heavily on R&D during boom times to bring new and novel drugs on a regular basis and ...
Education
- BComm, University of Delhi
- Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
- "Thanks"
- "Thanks"
- "Very good! "
- "thanks"
- "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.