Indian Pharmaceutical Industry Business Environment 3 Agenda • • • • • • • History Indian Pharmaceutical Evolution Facts and Figures Regulatory Framework Current ongoing activities SWOT Analysis The India Advantage 4 History • Bengal Chemicals and Pharmaceutical Works‚ Calcutta‚ the first Indian pharmaceutical company established in 1901 • Still exists as one of the 5 government owned drug manufacturers • Next 60 years saw most of the drugs imported from multinationals 5 History
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A. Introduction Pfizer‚ US pharmaceutical company is one of the largest pharmaceutical companies in the world. Unfortunately‚ Pfizer faced challenges by macro-environment forces that affect their sales volume decline dramatically in 2011. PESTEL‚ Porter’s Five Forces and Industry Lift Cycle frameworks to be applied to analysis the broad macro-environment that affected Pfizer in the pharmaceutical industry. 1. PESTEL framework PESTEL (Appendix I) is classifies into six environmental influences
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at some point in their lives. Today the pharmaceutical industry is one of the biggest industries in the United States. The industry experienced a rapid growth rate (in the double digits) in the late 20th century which has now dropped into the single digits (Mullins‚ 2007). The global demand is driven by factors such as a worldwide increase in elderly population and a rising quality of life in developing nations. Time Magazine listed Generic Pharmaceutical Manufacturing as one of the top ten fastest
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Running head: Personal Reflective Report on Strategy Formulation Personal Reflective Report on Strategy Formulation Acklin Tellis EMBA 604: Corporate Governance‚ Strategy and Structure Professor Donald V. McCain‚ Ed.D. April 1‚ 2013 Abstract Strategy formulation at the corporate or business level is very similar to rock climbing - the fear of looking down and knowing what can happen to you if you fail focuses the mind‚ gets the
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Pharmaceutical Pricing Strategy Ryan Ritchey American Military University November 22‚ 2009 Pharmaceutical companies are in constant pricing competition and innovative “idea wars” so to speak. Differential pricing‚ the specific price structuring and implementation‚ is the solution to resolving the conflict between pharmaceutical drug patents. There are always several different brands of drugs that can be prescribed or even bought over-the-counter‚ but the decision of the consumer or medical
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CONTENTS EXECUTIVE SUMMARY 2 QUESTION 01 3 HR PLANNING PROCESS 3 QUESTION 02 5 INTERNAL RECRUITMENT METHODS 5 EMPLOYEE REFERRALS 5 RE-JOIN 6 EXTERNAL RECRUITMENT METHODS 6 JOB FAIRS 6 WALKING INTERVIEWS 6 QUESTION 03 7 THE SELECTION PROCESS 7 COMPETENCY BASED INTERVIEWS 8 ASSESSMENT CENTRES 9 REFERENCES 10 EXECUTIVE SUMMARY Agra is a leading hotel chain based in Bombay‚ India and owns 16 star class hotels across the globe including 5 star hotels in Colombo with 200 staff members and 3
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(Print) e - ISSN 1857- 7431 ASSESSMENT OF RECRUITMENT PRACTICE ON ORGANISATION PERFORMANCE: EMPIRICAL STUDY OF HOSPITALITY BUSINESSES IN ABUJA Ofobruku Sylvester Abomeh Tourism and Hospitality Services Iheabunike Okafor Blessing C. National Institute for Hospitality and Tourism Abstract This study assesses the impact of recruitment practices on the organisation performance in the hospitality industry in Abuja. The effectiveness of recruitment practices in the process of procurement
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1. Political • Stringent government regulation and powerful purchaser pressures. • Governments focused on pharmaceuticals in efforts to control rising healthcare expenditure. • Inter-country pricing disparities. Economic • European free trade agreements. Social • Ageing populations create pressure on healthcare systems. • Epidemic or chronic diseases (e.g. obesity). Technological • Impact of genetic research on industry. • Utilizing a web of alliances to address multiple customer
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Questions 1 through 7 1. On balance‚ do you think Merck is an ethical and socially responsible company? Why or why not? How about Pfizer? In my opinion‚ Merck is not an ethical and socially responsible company with introducing Vioxx into pharmaceutical market. Before the Vioxx approval by FDA‚ scientists from University of Pennsylvania found that the drug could bring some serious results such as cardiovascular‚ and there were many serious cardiovascular problems during testing on patients. However
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employee selection methods used in Non-Profits? When looking into the workforce we are able to observe current methods of selecting employees for revenue based organizations. In that observation‚ it may be oblivious to others on how the selection practice is completed for nonprofit organizations. Recruitment is the process of finding and hiring the best qualified candidate from within or outside the organization‚ for a job opening in a timely and cost effective manner. In the recruitment procedure
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