Macro environment analysis on pharmaceutical industry.

Slides:



Advertisements
Similar presentations
Is Australia ready for ? Is Australia ready for biosimilar ? David Lim, Julie Hepworth, Lisa Nissen CC-BY,NC Sarah Macmillan.
Advertisements

 Many countries have a ‘monopsony’ where there is one powerful purchaser; the government  Goverments have focused on pharmaceutical companies as easy.
Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 1998 Chapter 2 Environmental Analysis Marketing Gilbert A. Churchill, Jr. J. Paul Peter.
SCANNING THE MARKETING ENVIRONMENT
Business Cycles, Unemployment, and Inflation Chapter 26 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
PEST Analysis. What is PEST Analysis? It is very important that an organization considers its environment before beginning the marketing process. In fact,
PEST Analysis PEST Analysis ► PEST is the best technique for scanning of macro level environment which include political, economic,
Nelson Phillips Professor of Strategy and Organizational Behaviour
DRUG SAFETY RESEARCH June 16, ISSUES Pharmaceutical Industry Depends on Block Buster Model (currently ~80 BBs). Block Buster Model requires fast.
Structure of the Food & Fiber Industry Linkages to the Farm Business Sector LESE 306 Fall 2008.
BTEC Level 3 Business Unit 1 Assignment 2 – P6, M3, D2.
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall Ch 3 -1 External Strategic Management Audit – Environmental Scanning – Industry Analysis.
 Particular aspects of pharmaceutical marketing 1. Stringent regulations of the industry compared to consumer markets 2. The need for huge R&D investment.
The Marketing Environment. The External Environment Demographics Social Change Social Change Economic Conditions Economic Conditions Political & Legal.
The U.S. Food & Fiber Industry Linkages to the Farm Business Sector Spring 2010.
Environmental Analysis
Sabena Ahmad Iveta Smincakova Dawn Bradbury. Political:  Lighter Regulatory Controls (1960s)  Tighter Regulatory Controls on Clinical trials (1970s)
Pharmaceutical Industry Analysis Nature of the industry: Highly defensive and 15% of U.S. population aged over 60→Highly mature. Main forces are the suppliers,
Key Environments Marketing Environment
STRATEGIC MANAGEMENT 1 Irina Raynaud Pierre Jean Tessier Nicolas Cabrit Clément Tumoine.
Environmental Analysis
The Dynamic Marketing Environment Chapter 2 McGraw-Hill/Irwin Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved.
Political Pressure on margins offer tax or cost advantages Price or reimbursement controled by the government Economic Mergers between Biothecs Mature.
For use only with Perreault and McCarthy texts. © The McGraw-Hill Companies, Inc., 1999 Irwin/McGraw-Hill Chapter 4: Evaluating Opportunities in the Changing.
1 Chapter 4 Instructor Shan A. Garib, Winter 2013.
External influences. External influences on business Businesses are influenced by a range of factors over which they have little control – these are called.
Marketing: An Introduction Armstrong, Kotler
WSJO HND in BussinessMarketing Plan MARKETING PLANNING macroenvironment Karolina Janiszewska.
PEST Analysis What is PEST Analysis?
CHAPTER 3 EXTERNAL ASSESSMENT: FRAMEWORK FOR ORGANIZATIONAL STRATEGIZING MARJORIE RODRIGUEZ-CATAYNA REPORTER MACRO ENVIRONMENT.
Environmental Forces Firm/ Organization: Structure Culture Competencies Resources Industry Trade Association Government Union/ employees Competitors Creditors.
Marketing Environment
Environments of LSOs. Environments is the term used to describe the context in which business is carried out. There are two main environments: Internal:
The Marketing Plan. SWOT Analysis Good marketing relies on good plans Planning efforts begin with a critical look at itself and its business environment.
For use only with Perreault and McCarthy texts. © The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill Chapter 4: Evaluating Opportunities in the Changing.
International Business Environment
For use only with Perreault and McCarthy texts. © The McGraw-Hill Companies, Inc., 1999 Irwin/McGraw-Hill Chapter 4: Evaluating Opportunities in the Changing.
SECTION D. Microenvironment Factors or elements in an organization's immediate area of operations that affect its performance and decision making freedom.
Strategic Planning Workshop 2 Environmental Scan Stakeholder Engagement SWOT Analysis.
Slide 3.1 The marketing environment Chapter 3 The Marketing Setting.
Chapter 4: Evaluating Opportunities in the Changing Marketing Environment.
{ Marketing Planning Analyzing the Marketing Environment and Developing a Marketing Strategy and Plan Analyzing the Marketing Environment and Developing.
Copyright © 2005 Pearson Education Canada Inc. Concepts in ﴀ Strategic Management, Canadian Edition Wheelen, Hunger, Wicks 3-1 Chapter 3 Environmental.
Factors Influencing the Automobile Industry. Factors that affect Automobile Industry  Anti pollution issues  Alternatives cars such as electric cars.
Definition : An analysis and evaluation process that businesses use to understand their current environment.
Year 10 GCSE Economics Globalisation / Migration and the UK economy.
  Environmental Scanning   Company Resources   Company Objectives   Competitive environment   Economic environment   Technological environment.
Govt Spending JA Stenning Government Spending. Govt Spending JA Stenning Trends in Govt Spending During early 19 th Century, Govt spending as a percentage.
Limitations and constraints
Module-2 Marketing Environment (Micro & Macro). Macro Environment: It consists of demographics and economic conditions, sociocultural factors, political.
Marketing Environment Steered by : Dr Surabhi Goyal.
COMPETITIVE ADVANTAGE UNIT – II. EXTERNAL ENVIRONMENT Any organization before they begin the work of strategy formulations, it must scan the external.
GLOBAL TRENDS & OPPORTUNITIES FOR BUSINESS VENTURES Entrepreneurship I 2.03 A.
2007 Pearson Education Canada1 Marketing 11 Chapter 2 The External Marketing Environment Lesson 2: Social, Demographic, Environmental, Technological, Legal.
1 P.E.S.T. Analysis Dr David Ward Addendum to Strategic Management Course.
Macro environment: Macro environment consists of an organization’s external factors that affect its business indirectly. The organization has no or little.
EXTERNAL INFLUENCES These are factors that the business can not control (External constraints) PESTEL Analysis is a part of the external analysis that.
SLEPT Analysis Use in conjunction with the Intellectual Property Office Summary Study THE TIMES 100.
Principles of Marketing Fall 2013 Lecture Slides 2
PEST Analysis.
Marketing Environment
External influences.
Principles of Marketing
វិទ្យាស្ថានខ្មែរជំនាន់ថ្មី Institute of New Khmer
External Influences on Business
Conceptual Structure of Demand Model
MACRO ENVIRONMENT.
11:00 am Miller Peaden, Richard Kelly, Andy Rogers, Bowie Wynne
EXTERNAL FACTORS.
Presentation transcript:

Macro environment analysis on pharmaceutical industry

Political Government control on clinical trails Price control Government change cost containment plans Government check the advertisement on drugs Government affect R&D process

Economical GDP E.g. Economic recession

Social Ageing populations Consumer prefer better drugs Well-educated consumer

Technological New drugs be found Biotech Internet

Legal Patent protection law Law of pricing & marketing crimes

Key drivers for change Government regulation Social aspects Technological changes

Major trends Globalisation R&D cost increased Industry consolidation