Sunday, March 22, 2020
Teva Pharmaceutical Industries
Abstract Teva is a leading player in the global pharmaceutical industry. The multinational company has continued to acquire new businesses and firms. This paper analyzes Tevaââ¬â¢s competitive advantages and strengths. The discussion also evaluates the companyââ¬â¢s resources and opportunities. The article also explains how Teva should move forward in order to remain a leading competitor in the industry.Advertising We will write a custom essay sample on Teva Pharmaceutical Industries specifically for you for only $16.05 $11/page Learn More How Teva Competes in the Generic Pharmaceutical Industry According to the case study, Teva has continued to compete against different pharmaceutical companies across the world. The company uses its strengths to compete in the generic pharmaceutical industry. By 2006, Teva had executed over 14 transactions with different companies. The company also established new mergers and acquisitions in order to increase its bargaining power (Pearce Robinson, 2013). The company also acquired Ivax in 2005. This decision ââ¬Å"led to the introduction of two blockbusters called Zocor and Zoloftâ⬠(Khanna, Palepu, Madras, 2010, p. 17). The company has also maintained an effective supply chain. The approach has made the company competitive in the generic pharmaceutical industry. Teva has also instituted new centers of excellence (CoE) in different parts of the world. The approach has made it easier ââ¬Å"for the company to control labor skills, business costs, intellectual property issues, and tax provisionsâ⬠(Khanna et al., 2010, p. 18). The company has also continued to target the most profitable markets such as Europe, the U.S., and Japan. The company also produces quality generic drugs that can compete successfully in the global market. The company ââ¬Å"has a unique innovative strategy or businessâ⬠(Khanna et al., 2010, p. 6). The firm has always cooperates with different academic institutions in Israel. This approach has resulted in quality drugs. Such competitive advantages have made Teva a leading player in the industry. Evaluating Tevaââ¬â¢s Valuable Resources Teva has many resources. Most of these resources play a significant role towards the success of the pharmaceutical company. The first valuable resource is Tevaââ¬â¢s research and development (RD) strategy. Teva collaborates with different researchers and experts in order to produce quality drugs. The companyââ¬â¢s financial strength is also a valuable resource. This strength makes it easier for Teva to acquire new companies and business partners. The resource has also made the company competitive and profitable. The company has also employed the best leaders and managers. Such managers understand the threats and obstacles affecting the company. This practice makes it possible for Teva to engage in profitable business practices.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Tevaââ¬â¢s competitive advantage is another valuable resource. The ââ¬Å"above resources determine the best practices and activities in a market dominated by many global playersâ⬠(Khanna et al., 2010, p. 18). The companyââ¬â¢s factories and plants are relevant towards effective business performance. The firm uses these factories to produce the best drugs for its clients. Teva ââ¬Å"uses its efficient supply chain to get raw materials and deliver quality products to different customersâ⬠(Khanna et al., 2010, p. 18). Teva has also produced many innovative drugs and biosimilars. These resources will always support the companyââ¬â¢s business strategy. Opportunities for Teva in Biosimilars and Innovative Pharmaceuticals The case study explains why the global market for biosimilars might grow within the next eight years. Teva can produce more biosimilars in order to compete in the worldwi de market. The rewards for such generic drugs can be very high. Such ââ¬Å"generics are cheaper and easier to produce compared to innovative drugsâ⬠(Khanna et al., 2010, p. 22). The market for such biosimilars is also underdeveloped. The decision to produce more biosimilars can make Teva a leading competitor in the pharmaceutical industry. Innovative drugs are complex and expensive to produce (Khanna et al., 2010). According to Khanna et al. (2010, p. 22), the ââ¬Å"period for developing an innovative drug is between 10 and 15 yearsâ⬠. The drugs also require the best skill, dedication, and information. This case study explains why the corporation should strike a balance between its biosimilars and innovative drugs. Teva can use the approach to identify the best competitive advantages and opportunities. The companyââ¬â¢s RD team should address the challenges affecting its practices. Teva can also ââ¬Å"form partnerships with different research institutions in order t o produce quality innovative drugsâ⬠(Melicher Norton, 2014, p. 58). How Teva Should Move Forward Teva has maintained an annual growth rate of over 30 per cent. The ââ¬Å"biggest question is how Teva can keep its current paceâ⬠(Khanna et al., 2010, p. 22). I am encouraging the company to focus on every emerging global market. This strategy will ensure the company markets its biosimilars to different consumers across the globe. Some countries such as Japan, France, and Germany have also opened up their markets. This situation makes it easier for Teva to market its products to more customers across the globe. It will also be appropriate for the company to target new markets such as Latin America, Africa, and Asia. These two approaches will ensure the company is on the right track. Teva can also produce new innovative drugs in order to become a market leader (Pearce Robinson, 2013).Advertising We will write a custom essay sample on Teva Pharmaceutical Industries spec ifically for you for only $16.05 $11/page Learn More This approach will ensure its innovative drugs are competitive and profitable. The managers should also be ready to analyze every change in the global market. This practice will address every challenge affecting Tevaââ¬â¢s performance. The company should also support its research and development (RD) team. The strategy will ensure the company remains profitable across the globe. Reference List Khanna, T., Palepu, K., Madras, C. (2010). Case 21: Teva Pharmaceutical Industries, Ltd. Harvard Business School, 1(1), 1-25. Melicher, R., Norton, E. (2014). Introduction to Finance: Markets, Investments, and Financial Management. New York, NY: Wiley. Pearce, J., Robinson, R. (2013). Strategic Management: Planning for Domestic and Global Competition. New York, NY: McGraw Hill. This essay on Teva Pharmaceutical Industries was written and submitted by user Cap'n Oz to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Thursday, March 5, 2020
The Georgian Bay Disappearing Act essays
The Georgian Bay Disappearing Act essays The Upper Great Lakes region is a vast, vital, complicated and intimately interconnected socio-ecological system. Over the course of the last thirteen years, this system has experienced dramatic fluctuations from its normal rhythmic pattern. Specifically, it has experienced a significant decline in water levels. Scientists have been using the traditional 30-year climate average to predict and manage the ecosystem for over a century now, and they no longer believe this model is relevant. (Circle of Blue) In light of recent stray from this pattern, the debate among stakeholders on how to deal with recent changes has caused great uproar within the region. A large majority seeks methods to restore water levels to their natural range, while others propose limiting human intervention. In this report we will focus on the specific region of Georgian Bay, due to the fact that this area plays a particularly vital role in the system, and because of the extremity of water lows in that region. Th e Upper Great Lakes region as a whole will also be addressed, in part due to a lack of certain specific information for Georgian Bay individually, and because of the extreme interconnectedness of the two. Georgian Bay is vast body of freshwater located in the southern region of Ontario. It is situated within the five Great Lakes of Canada which include; Lake Huron, Lake Ontario, Lake Erie, Lake Superior and Lake Michigan. More accurately it lies east of Lake Huron. It is often referred to as the sixth Great Lake due to its ability to produce its own weather, waves and currents. The diagram below represents Georgian Bay in relation to the Great Lakes as being highlighted in blue: (New World Encyclopedia) Georgian Bay measures approximately 120 miles long, by 50 miles wide, and ranges in depth generally between 100-300 feet. The point of maximum depth is 540 feet deep, occurring in the main channel. The main channel is the strait be...
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