1. Discuss how India's 2005 agreement with the World Trade Organization helped shape the global pharmaceutical industry. What benefits has growth of the industry brought to the country? How has it benefited Western consumers?
2. Using Porter's Diamond of Competitive Advantage, discuss India's competitive advantage in pharmaceuticals. What factors contribute to the country's competitive advantage in the production of pharmaceutical products? What are the implications of India's competitive advantage for workers in the United States?
3. Reflect on the restrictions that limited Indian firms from exporting to developed nations prior to 2005. In your opinion, were these restrictions fair? Who were they designed to protect?© BrainMass Inc. brainmass.com October 17, 2018, 11:11 am ad1c9bdddf
1) It appears that India's 2005 agreement with the World Trade Organization helped to shape the global pharmaceutical industry, due to the fact that the requirement for Indian pharmaceutical companies to have a license from pharmaceutical patent holders in order to produce and or market those pharmaceutical products has essentially kept decisions regarding pharmaceutical development and production in Western pharmaceutical companies hands. The growth of this industry has brought the benefit of increased prosperity to India, largely ...
Product Spin Off
? Senior management has approved and provided a first round of funding for your project. However, they require some modifications. They realize the potential of your idea and see an opportunity to turn it into a profit center by spinning off the system and attendant supporting services into a separate business entity that will sell product and services to the global business community (e.g. Bankers Trust, now Deutsche Bank, sold its check processing system to competitors; Amazon.com offers Amazon Marketplace and Merchants@ programs that enable third parties to integrate their products on Amazon's websites. Amazon is not the seller of record in these third-party seller transactions, but instead earns fixed fees, sales commissions, per-unit activity fees, or some combination thereof). Prepare a plan that discusses how to achieve what management suggests. Include the following:
o Environmental scan of foreign markets and conditions. Discuss a minimum of two foreign markets you suggest the organization enter and why these were selected. Discuss a minimum of one foreign market to be avoided and why. Include discussions on cultural differences, legal and regulatory differences and additional competition within respective the foreign countries.
o There is a difference between developing a system for in-house use and one that will be sold to third parties. Discuss any changes that might need to be made due to: a) selling the product for use outside of the organization; b) use of the system by diverse cultures, including technological limitations within certain countries (i.e. reliable broadband service is not available in all countries).
o Discuss the possibility of using human resources within the respective foreign countries for development and/or support.
o Discuss technology transfer problems and opportunities as the result of going global.
See the attached Project Plan.View Full Posting Details