important fact is that pharmaceutical industry is a stable market and its growth rate generally tracks the economic growth of the country with some multiple (1.2 timesaverage in India). Though volume growth has been consistent over a period of time‚ value growth has not followed in tandem. The product differentiation is one key factor‚ which gives competitive advantage to the firms in any industry. However‚ in pharmaceutical industry product differentiation is not possible since India has followed process
Premium Chemical industry Pharmaceutical industry Marketing
Porter generic strategies Michael Porter described three types of strategy to achieve/maintain competitive advantage in his 1980 work Competitive strategy: techniques for analysing industries and competitors. (CS:TAIC) These generic strategies are based on two dimensions: market scope + core competency with two competencies being the most important: product differentiation/product cost. [pic] Porter (1980) stressed that failure to adopt single strategy of differentiation or low cost results in
Premium Porter generic strategies Strategic management Marketing
Sally Porter English 310 Persuasive Essay: Product Testing on Animals Should be Banned An estimated 26 million animals are used every year in the United States fir various types of testing. These animals are used for scientific and commercial testing to develop medical treatments‚ determine toxicity of medications and chemicals‚ check the safety of products destined for human use and other biomedical or healthcare purposes. This testing on animals is cruel‚ inhumane and should be banned
Premium Animal testing Animal rights
audience. 4.0 Summary of Marketing Problem and Selling Opportunity Possible marketing problem would be too many competitors existing in the market. As a market leader in tissue products‚ NTPM Holdings Bhd already has its existing market. However‚ creating brand loyalty
Premium Marketing Advertising
Executive Summary The research centers on how value affects the organization when they focus on the lower level employees’ interest‚ fairness‚ transparency‚ and create opportunities to advance. The results being better product service retaining valuable employees and improving stakeholders’ value. A failure to governance has lead to the collapse of trust in the stakeholders with the economic recession. The main argument is that taking care of the bottom line means better treatment of lower level
Premium Ethics Business ethics
Porters 5 forces Pestle? Business plan The unexpected Incongruities‚ Process needs‚ Industry structure‚ Demographics Changes in perception‚ New knowledge Idea‚ Invention‚ Innovation‚ Diffusion Companies own assets Physical Intangible Human In the past Competitive advantage came from physical assets such as property/land/Financial clout Still important (anyone fancy taking on Apple?) but Intellectual property (patents) and key process management (we know how to do this) i.e. what we
Premium Innovation Value added Creativity
References: Bower‚ B. (2010). Shared talking styles herald new and lasting romance. U.S. News & World Report‚ 1. Retrieved from < http://www.usnews.com/science/articles/2010/11/22/shared> Ireland‚ M. E. & Pennebaker‚ J. W. (2010). Language style matching in writing: Synchrony in essays‚ correspondence‚ and poetry. Journal of Personality and Social Psychology
Premium Interpersonal relationship Grammar Psychology
ACADEMIC PAPER The diamond approach to the competitiveness of Korea’s apparel industry Michael Porter and beyond Byoungho Jin Oklahoma State University‚ Oklahoma‚ USA‚ and Hwy-Chang Moon Seoul National University‚ Seoul‚ South Korea Abstract Purpose – The Korean textiles and apparel-related industry has played a major role in the country’s development; however‚ this sector’s competitiveness is decreasing due mainly to labor costs. As with the country’s economic development‚ the new sources
Free Globalization International trade South Korea
Porter ’s five forces is a framework for the industry analysis and business strategy development developed by Michael E. Porter . It draws upon Industrial Organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Three of Porter ’s five forces refer to competition from external sources. The remainders are internal threats. It is useful to use Porter ’s five forces in conjunction with SWOT analysis (Strengths‚ Weaknesses
Premium Strategic management Management
A Shared Identity Identity is both necessary and important and to all‚ promoting individuality and characteristics that make each person their own. The countless books telling stories of dystopian societies‚ where one person is no different from the other‚ represent the way a society would become in the absence of individual identity. It is the defining quality that makes one human‚ molding morality into its distinct and unique forms. One such example of identity that is impactfully associated
Premium United States The Great Gatsby F. Scott Fitzgerald