Case Study Of Pharmacy Industry

1408 words - 6 pages

Name of Industry or Sector (Strategic Group)The Pharmaceutical IndustryThreat of new entrantsSeveral aspects have been taken into consideration for the threat of new entrants. Firstly, the expenditure of R&D is too costly, especially for the branded prescription drugs. Regarding the pipeline, it takes too long a time for new drugs to move from discovery to market, nearly 12 years. In this situation, the spending on R&D is high due to the long lead times which have something to do with the clinical testing. Furthermore, the growing spending on R&D and contrarily the decline of new drugs reaching market indicate that the market yield is falling. Considering the patent protection, one-third of the top 35 molecules (NCEs) will counter patent expiry by 2004 in which the generics will not be against by the regulations. Finally, the spending for pharmacy is controlled by governments and their methods vary from each others and sometime are very strict and combined with many approaches. A further obstacle is the government approvals slow down. In the 1990s, the FDA approved 35-45 new compounds a year but in the first nine months of 2001, only 11 were approved (Smith).Threat of substitute productsAs surgery develops, many diseases and illness can be cured through operations instead of taking pills, which maybe more convenient and, time and money saving. Moreover, being without side effects, surgery has an advantage over drugs. So it seems that it is unnecessary to be intervened by drugs. However, the threat is low to the industry.Power of customersAs there are many ways to get information about drugs, such as TV advertisements and internet, customers have many options and high awareness of price. Furthermore, the convenient transportation and different distributions offer consumers various ways to purchase. For example, they can prefer other countries' drugs due to the barriers to some certain drugs. Meanwhile, because the expense of pills is increasing, customers tend to generic products rather than branded products.Power of suppliersAt present, pan-European companies search for lowest cost of products from suppliers in Europe by parallel imports through which they can buy raw material in low price in one country (Spain, Portugal, France, Italy and Greece) and distribute in another. In this case, suppliers own little power because most of raw materials are merchandise that can be obtained from a large quantity of suppliers.Rivalry between competitorsCurrently, the pharmaceutical market is occupied by nine major strategic markets (the US, Japan, France, Germany, the UK, Italy, Canada, Brazil and Spain) making up over 80 percentage, among which the US grows fastest while Japan was the second single biggest market with sale of $51 billion and, together with the US accounted for 50 percentage of the worldwide sale of ethical drugs in 1999. It is predicted that the US is continuing to increase its world market share and to be the leader. Meanwhile,...

Find Another Essay On Case study of Pharmacy Industry

The Global Car Industry-An Analysis of Macro Environment, from the Case study by Nick Potter

3197 words - 13 pages in government policies and legislation in certain western European countries will have significant impact on the level of demand in the industry. Some of these include the following:* Taxation* Abolition of replacement schemes.* Environmental regulationsAn important determinant of the attractiveness of any industry is the tax regulation under which it is operating. As evident from the case some countries have differentiated tax structures for the

Case Study: Evaluating the use and role of English in the Public Relations Industry

1080 words - 5 pages Public relations is a commonly discussed and fast growing industry in the recent years; however, in the general public’s mind, it is always mixed up with the marketing industry as they share similar job natures. Generally, the role of public relations department is to manage the firm’s image and the relationship between the company and the stakeholders . Their aims are to build up a long term relationship with the stakeholders and to create a

Introduction of UMTS in Spain Case Study Competition in the European Mobile Phone Industry

1594 words - 6 pages operator is a mass market industry due they need a huge investment due their high fix cost they need to achieve a quite big number of consumers. Due they are compositeness market the prices to the consumers are going down.Will the introduction of UMTS be successful? Which factors will affect the success or failure of UMTS?The introduction of UTMS may not be successful. As the Wharton professor pointed out, people do not need high speed internet

Summary of Case study

723 words - 3 pages In the case study Chrysler and Gao Feng: Corporate Responsibility for Religious and Political Freedom in China by Michael Santoro, he states that multinational corporation doing business internationally faces complex ethical issues. The ethical dilemma Chrysler encounters is the corporate responsibility for religious freedom in China. In May 1994, Gao Feng a Christian was arrested in Beijing for planning a private worship service to remember the

Case Study of Dell

4056 words - 16 pages functions, personal and cultural problems in attempting to create the necessary synergy f skills in core functions , and a potential lack of internal consultancy skills in the personnel function (Sparrow and Pettigrew 1988). Only then, can Dell maintain its dominance in the computer industry with their just-in-time manufacturing business model.1.1 Linking HR function to business needsDell's HR challenges the problem proposed by Sparrow and

Case Study Of Yahoo

3367 words - 14 pages Case study of Yahoo's practicesIntroductionIn this day and age, with the alternatives in industrial environment and the increasing progress trend of global economy, the changing business structure and fierce competition have been brought to force organizations to modify the market positions, corporate culture, resources and capacities continuously in order to survival and own the desirable market shares. Owing to the advanced economic and social

Case Study of Hypertension

3470 words - 14 pages Case Study of Hypertension During my experience in volunteering, I chose a patient for the case study assignment. The subject I chose was identified as GKM. The patient’s chief complaint upon her visit to the clinic was for a follow-up on her hypertension and for more medication for this disease. GKM is a 56-year-old Caucasian female with the date of birth on 12-14-43. Her past medical and surgical history consisted of childhood

The Tobacco Deal - U.S. Tobacco Industry Case Study

1229 words - 5 pages Five key companies dominate the U.S. tobacco industry. These corporations mainly specialize in the manufacture and sale of cigarettes. At the forefront, controlling almost half of the U.S. market for cigarettes and owning the Marlboro brand, lies Philip Morris Companies, Inc. Only half of their revenues come from the sale of tobacco products; Philip Morris also includes and owns food and beverage businesses, notably Kraft and Miller Brewing.Next

Case analysis of the Soft Drink Industry

4478 words - 18 pages dramatically. This happens when new studies come out from the government about how harmful something is. This was the case when scientists came out with the study that stated that saccharin was harmful to rats. The industry had to respond by reducing its use of saccharin and look for a substitute. At this time, the industry found Nutrasweet to be a reasonable substitute for saccharin, which was used more heavily in diet drinks.All in all, there are a lot of

Case Study of The CRA Case

1731 words - 7 pages In this case study we are going to discuss the CRA case. The CRA case is mainly about the mining company breaking/dissolving the unions and making the employees sign the individual contracts. Here we will discuss and analyse how they went about pursuing the workers to leave the unions and sign the individual contracts. Before that we will briefly look into the profile of the CRA.CRA is a major Australian mining company, it is a large employer

Analysis of Tumi’s Case Study

1099 words - 4 pages In this essay, we will be discussing Tumi’s recent traumatic experiences and how two different perspectives, Socio-Cultural and the Biological perspective, will interpret these experiences in regards with Tumi. Both these perspectives will use certain evidence to support their ideals and justify their beliefs through psychology. We aim to compare and contrast the two perspectives with the use of Tumi’s case study, as well as other information

Similar Essays

Case Study Of Two Organizations; Pharmacy Board Of Australia (Ahpra) And The Pharmacy Guild Of Australia

601 words - 3 pages Case study of human life and pharmacy organizations rule This case study about a Mrs. Freda Jenkins, a sixty-eight year old pensioner visits her General Practitioner (GP). Her blood pressure has been rising steady over the years, and therefore the (GP) gave her a medicine (script was in handwriting), at that time Mrs. Freda Jenkins went to a local pharmacy, the main story began from here, the pharmacy assistance gave a wrong medication to Mrs

Value Stream Mapping A Case Study Of Automotive Industry

1257 words - 6 pages choose a factory level VSM 2. Literature review R.M.Belokar, Sandeep Singh Kharb, Vikas (2012) Kumar drawn current state map for automobile industry. The tunnel floor is taken for the case study. The cycle time of the welding process exceeds the takt time of the current state. By modifying the layout and welding operation the improvement has been made. Value Stream Mapping is used to identify the current process of small scale industry. The

Case Study Of Automobile Industry. Research On General Motors

5656 words - 23 pages Description of Automobile Industry:Automobile industry is the modern manufacturing industry including commercial vehicles (CVs), cars, three-wheelers and two-wheelers segments.The automotive industry has been playing a leading role in spurring growth in economies throughout the world since the industrial revolution. It is a sector characterized by not only tremendous potential growth, but also very high profile trade disputes, and intense

It Governance In Airline Industry Case Study

1548 words - 6 pages Contents A description of the organisation and the market in which it operates 3 A description of the IT governance used 3 A summary of the case study 4 A critical analysis of the impact of the IT governance on the organisation 5 References 8 A description of the organisation and the market in which it operates Airline and travel industry profitability has been strapped by a series of events starting with a recession in business