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Policy, markets and knowledge: strategic synergies in Indian pharmaceutical firms
journal contribution
posted on 2023-06-09, 03:54 authored by Kalpana Chaturvedi, Joanna Chataway, David WieldThis paper addresses the question of how Indian pharmaceutical firms have transformed themselves from reverse-engineering firms focused on the domestic market to research-driven firms with global presence. It analyses the crucial and changing role of national, then international, innovation and regulatory policies and their impact on growth, performance and technology evolution of Indian pharmaceutical firms. The paper argues that although public policy increased market turbulence, it also provided new opportunities for firms to expand and build new technology, knowledge and market capabilities. From the 1950s Indian firms have pursued a variety of research, marketing and internationalization strategies to tackle changes prompted by policy, markets and knowledge complexities. The paper traces firm strategies that vary both in time and by firm, and argues that the successful firms have evolved substantively towards knowledge-based strategies. The paper then attempts to identify future directions for strategy, knowledge and markets.
History
Publication status
- Published
Journal
Technology Analysis and Strategic ManagementISSN
0953-7325Publisher
Taylor & FrancisExternal DOI
Issue
5Volume
19Page range
565-588Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2016-11-07Usage metrics
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