business strategy for small pharma companies
DESCRIPTION
The ppt describes what strategies can be applied by the small pharma companies of India to compete with the large phrma companies.TRANSCRIPT
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Strategies Of SME Pharma Companies To Penetrate The
Indian Pharma MarketThe Indian Pharma Industry :
How The Small Players Can Gain Market Share From The Large
Players?
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Vision & Mission For Small Pharma CompanyVision: To delive
r medicines that
enables
every patient to live
healthier,
happier, & more active life at affordable cost
Mission: To be the
most value
d pharma
company by
continuous
ly researching
, developing
& manufacturing a wide range
of pharmaceutical produ
cts complying
to the highe
st regulatory
standards
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Long Term & Short Term Objectives
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STRENGTHS1. Government’s SME friendly policy 2. Manufacturing facilities being
installed with global approvals3. Good quality drugs at competitive
prices
WEAKNESSES
1. Small size acting as an entry barrier 2. Compliance with the
environmental safety standards proving costly
3. High attrition rates4. Low R&D investment compared to
global standards
OPPORTUNITIES1. Rural markets in India 2. Growing export specially in low
regulated & low value markets3. Indian Pharma market to triple by 20154. Global healthcare crisis in the
developing world necessitates medication
THREATS1. Rupee appreciation hampering
export margins2. Change in regulatory norms in
countries to export3. Competitors with deep pockets4. Price erosion in generics
SWOT Analysis
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Strategies
Long term orientation
Focusing on non-vanilla generic drugs to succeed
Mergers of small players to diversify product portfolio & to invest more in R&D as well as in
marketing
Partnering with large Indian drug companies & foreign drug companies
Capturing the outsourcing market for valuable revenues
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Strategies (Cont…)
Providing ‘low cost good
quality’ drugs
Try to get government
helps in setting up common facilities, like
effluent treatment and disposal plants,
to utilize resources efficiently
Expansion through new
products
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Strategies (Cont…)
Focusing on Tier2 and rural markets
Adopting new and differentiating business
model
Export to the ‘not highly-regulated’
markets with impressive growth opportunity
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Thank You