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Experimentation with Strategy and the Evolution of Dynamic Capability in the Indian Pharmaceutical Sector

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Author Info

  • Athreye, Suma

    ()
    (UNU-MERIT, and Brunel Business School)

  • Kale, Dinar

    ()
    (Open University, and ESRC Innogen)

  • Ramani, Shyama V.

    ()
    (Institut National de la Recherche Agronomique (INRA), and Ecole Polytechnique Paris)

Abstract

This paper 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.

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Bibliographic Info

Paper provided by United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT) in its series MERIT Working Papers with number 041.

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Date of creation: 2008
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Handle: RePEc:unm:unumer:2008041

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Related research

Keywords: International Marketing; R&D Management; India; Pharmaceutical Sector; Corporate Strategy;

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Cited by:
  1. Basant, Rakesh, . "Intellectual Property Protection, Regulation and Innovation in Developing Economies - The Case of Indian Pharmaceutical Industry," IIMA Working Papers WP2010-11-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
  2. Havas, Attila, 2010. "Diversity in firms’ innovation strategies and activities: Main findings of interviews and implications in the context of the Hungarian national," MPRA Paper 55852, University Library of Munich, Germany.
  3. Vivekananda Mukherjee & Shyama Ramani, 2011. "R&D cooperation in emerging industries, asymmetric innovative capabilities and rationale for technology parks," Theory and Decision, Springer, vol. 71(3), pages 373-394, September.
  4. repec:hal:wpaper:hal-00632439 is not listed on IDEAS
  5. Guennif, Samira & Ramani, Shyama V., 2012. "Explaining divergence in catching-up in pharma between India and Brazil using the NSI framework," Research Policy, Elsevier, vol. 41(2), pages 430-441.
  6. repec:hal:cepnwp:hal-00632439 is not listed on IDEAS
  7. Mukherjee, Vivekananda & Ramani, Shyama V., 2008. "R&D cooperation, asymmetric technological capabilities and rationale for technology parks," Dresden Discussion Paper Series in Economics 11/08, Dresden University of Technology, Faculty of Business and Economics, Department of Economics.
  8. Rakesh Basant, 2010. "Intellectual Property Protection, Regulation and Innovation in Developing Economies: The Case of Indian Pharmaceutical Industry," Working Papers id:3208, eSocialSciences.
  9. Guennif, Samir & Ramani, Shyama, 2010. "Catching up in pharmaceuticals: a comparative study of India and Brazil," MERIT Working Papers 019, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  10. Dinesh Abrol & Pramod Prajapati & Nidhi Singh, 2011. "Globalization of the Indian Pharmaceutical Industry: Implications for Innovation," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 3(2), pages 327-365, July.

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