Experimentation with strategy and the evolution of dynamic capability in the Indian pharmaceutical sector

Experimentation with strategy and the evolution of dynamic capability in the Indian pharmaceutical sector

This article demonstrates that radical regulatory changes can be tantamount to technological revolutions by studying Indian pharmaceutical firms. It shows that radical regulatory changes such as the Indian Patent Act of 1970, the New Industrial Policy of 1991 and the signing of TRIPS (Trade Related...

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Veröffentlicht in:Industrial and corporate change 2009-08, Vol.18 (4), p.729-759
Hauptverfasser: Athreye, Suma, Kale, Dinar, Ramani, Shyama V.
Format: Artikel
Sprache:eng
Schlagworte:
Case studies
Changes
Competition
Competitive advantage
Economic opportunities
Economic policy
Enterprises
Entrepreneurs
Evolution
Experiments
Humanities and Social Sciences
Hypotheses
Industrial policy
Industry
Innovations
Intellectual property
Pharmaceutical industry
Problem solving
Product development
Regulation
Strategic management
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Beschreibung
Zusammenfassung:This article demonstrates that radical regulatory changes can be tantamount to technological revolutions by studying Indian pharmaceutical firms. It shows that radical regulatory changes such as the Indian Patent Act of 1970, the New Industrial Policy of 1991 and the signing of TRIPS (Trade Related Intellectual Property Rights System) in 1995 served to open up new economic opportunities and constraints in the wake of which the winners and losers were selected as a function of the dynamic firm capabilities most appropriate for the new market environment.
ISSN:0960-6491
1464-3650
DOI:10.1093/icc/dtp024