We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Business Strategy - Essay Example

Comments (0) Cite this document
Section A 1.a). This paper seeks to establish the extent to which the Five-Forces Framework map is relevant in identifying environmental forces affecting the global pharmaceutical industry. Thus, in order to fully understand the above concept, it is imperative to begin by defining it…
Download full paper
Business Strategy
Read TextPreview

Extract of sample
Business Strategy

Download file to see previous pages... This framework is used to analyse the global pharmaceutical industry. In the given case, it can be noted that the pharmaceutical industry is characterised by a highly risky and lengthy research which is very costly. This industry is capital intensive given that the cost of developing a new drug is estimated at over $ 1 billion which deters other small players from entering it. The industry is also under stringent government regulation which makes it challenging for other competitors to enter it. It is not very easy to find a substitution for a drug given the complexity of the process involved in carrying out the research as well as the costs For instance, Lipitor could not be easily replaced or substituted in the given case study. The buyers are affected by various factors which affect their buying power. As a result of the global economic crisis, consumer spending power with regards to health care has been affected. However, those with medical insurance can afford to meet their healthcare requirements. Unfortunately, about 46 % of the people in the US do not have medical insurance and this has a bearing on their buying power of the drugs. It also has to be noted that the government controls the industry since it is the largest purchaser of the drugs in a bid to control the health sector. Since this a sensitive sector, it can be noted that the suppliers have no bargaining powers since the industry is strictly controlled. The pricing regime is controlled by the government so there is no single supplier who can charge very high prices. There is intense competition for intellectual property among existing players as they compete to preserve their inventions. This industry is highly specialised and this is the reason why there is rivalry among existing players as they seek to dominate it. Over and above, it can be noted that the Five Forces Framework map is relevant in identifying the environmental forces affecting the global pharmaceutical industry. It can be noted that there are different factors that characterise this industry hence there is need to take these into consideration so as to be in a better position to establish the attractiveness of this particular industry. Failure to do so can result in wrong perceptions about the industry since it is a bit different from other industries. b). In order to establish whether these forces differ by industry sector as well as the place they can be placed in different sectors in the industry life-cycle, it is important to begin by explaining the meaning of industry or product life cycle. Basically, every product has a certain life cycle in the market. Therefore, product life cycle refers to the different phases passed by the product in the market from the time it is introduced until its withdrawal period (Strydom, 2003). The product usually passes through four distinct stages namely: introduction, growth, maturity and decline. From this definition, it can be seen that the five forces discussed above differ by industry sector. For instance, the forces that operate within a clothing and textile industry are different from those operating in the pharmaceutical industries as a result of various reasons. First and foremost, it must be noted that the industry life cycle of the pharmaceutical ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Business Strategy Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Retrieved from https://studentshare.org/business/1397675-business-strategy
(Business Strategy Essay Example | Topics and Well Written Essays - 2250 Words)
“Business Strategy Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/business/1397675-business-strategy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Business Strategy
It therefore represents the best attempt that the management can make at de?ning and securing the future of that business” (Oxford University Press, n.d., p.1). Each of the businesses should have their own business strategies to survive the competition and compete over its competitors.
12 Pages(3000 words)Essay
Business Strategy
For example, globalization has produced revolutionary changes in the domestic and cross border business activities. The importance of business processing and customer processing has been understood by the organizations more than ever under the current globalized business environment.
8 Pages(2000 words)Essay
Business Strategy
A well thought about and precisely considered business strategy gives guidance to a firm’s commercial success, but on the other hand, one that has not be fully understood and weak strategy is likely to result into a company’s demise or fall. (Kourdi, 2009 p3) A business should always have the right resources and the capability to be in the best position to exploit opportunities and to respond to the threats in a business environment.
7 Pages(1750 words)Essay
Business Strategy
It is the second largest public university with a dynamic academic community consisting of more than 8000 staffs, 30000 students and more than 300, 000 lakh graduates (“About”). The university has been one of the major players in providing qualitative education in United Kingdom.
14 Pages(3500 words)Essay
The internal and external, the micro and macro-environment of a firm need to be assessed. It is like a SWOT analysis of the environment.
4 Pages(1000 words)Essay
Business strategy
Founded in 1996, Entropy International was a pioneer in the field of Environmental and information management. It was the first company to provide a web-based portal for compliance, performance, information and risk management. Its seamless integration
10 Pages(2500 words)Essay
Business Strategy
Keeping our business rival close is the strategy that Sharpe considers in doing so we ensure communication with the barley and be sure not to leak our business secrets to our competitors. When communicating with the
2 Pages(500 words)Essay
Business Strategy
The strength of the value chain supports the strategy of the company. For example, the market ratio of the company is considerable stronger than the competitors. Examining the total
1 Pages(250 words)Essay
Business strategy
In July 2014, Anglo American consented to offer its stake to Lafarge, to help Lafarge in its merger with Holcim and alleviate rivalry concerns. Lafarge declared in February 2015 that the business would be sold out to CRH plc, once Anglo American had sold its
6 Pages(1500 words)Essay
Business strategy
The study says that Mulberry aims to operate in two sectors the design business and the retail business (Robinson, Sherwood and DePaolo, 2010). The retail business deals with the sale of
16 Pages(4000 words)Essay
Let us find you another Essay on topic Business Strategy for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us