IDEAS home Printed from https://ideas.repec.org/a/aio/manmar/vxiiiy2015i1p188-204.html
   My bibliography  Save this article

Global Public Private Partnership: An Analogical Reasoning Model

Author

Listed:
  • Hyuk KIM

    (Otterbein University, Westerville, USA)

Abstract

This paper aims to introduce a new strategic direction for the multinational pharmaceutical companies in terms of the access to essential, life-saving medicines. The multinational pharmaceutical companies have been severely criticized by their various stakeholders because of their business models, particularly because of the stringent patent protection on the pharmaceutical products. The multinational pharmaceutical companies should find a new strategic direction to balance their R&D-intensive, expensive business with the access to essential, lifesaving medicines since favorable public relations are critical for the multinational pharmaceutical companies to maintain their profitable business. This paper adopts an Analogical Reasoning Model (ARM) to propose a new strategic direction for the multinational pharmaceutical companies in an effort to balance their expensive business with the enhanced social responsibility. In essence, the ARM helps the multinational pharmaceutical companies formulate viable strategies that can realize a win-win situation not only for their stakeholders but also for the pharmaceutical companies themselves. The ARM is constructed, analyzing the food and beverage industry as a source environment, and suggests a comprehensive, industry-wide, multi-stakeholder public-private partnership, led not by the public sector but by the multinational pharmaceutical companies.

Suggested Citation

  • Hyuk KIM, 2015. "Global Public Private Partnership: An Analogical Reasoning Model," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(1), pages 188-204, May.
    • Handle: RePEc:aio:manmar:v:xiii:y:2015:i:1:p:188-204
    as

    Download full text from publisher

    File URL: http://www.mnmk.ro/documents/2015_X1/15-15-1-15.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2006. "Repositioning Nutrition as Central to Development : A Strategy for Large Scale Action," World Bank Publications - Books, The World Bank Group, number 7409.
    2. Patricia Danzon, 1997. "Price Discrimination for Pharmaceuticals: Welfare Effects in the US and the EU," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 4(3), pages 301-322.
    3. Stern, Jon & Cubbin, John, 2005. "Regulatory effectiveness : the impact of regulation and regulatory governance arrangements on electricity industry outcomes," Policy Research Working Paper Series 3536, The World Bank.
    4. Farid Gasmi & Paul Noumba Um & Laura Recuero Virto, 2009. "Political Accountability and Regulatory Performance in Infrastructure Industries: An Empirical Analysis," The World Bank Economic Review, World Bank, vol. 23(3), pages 509-531, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Antonio Estache & L. Wren-Lewis, 2008. "Towards a Theory of Regulation for Developing Countries: Following Laffont's Lead," Working Papers ECARES 2008_018, ULB -- Universite Libre de Bruxelles.
    2. Recuero Virto, Laura & Gasmi, Farid & Noumba Um, Paul, 2009. "The role of institutional design in the conduct of infrastructure industries reforms - An illustration through telecommunications in developing countries," MPRA Paper 12881, University Library of Munich, Germany.
    3. Recuero Virto, Laura & Gasmi, Farid & Belaid, Rabah, 2009. "Qualité institutionnelle et performance économique : cas des télécommunications dans les pays en voie de développement [Institutional quality and economic performance through telecommunications in ," MPRA Paper 12889, University Library of Munich, Germany.
    4. Recuero Virto, Laura & Gasmi, Farid & Noumba Um, Paul, 2008. "The Role of Institutional Design in the Conduct of Infrastructure Industry Reforms - An Illustration through Telecommunications in Developing Countries," MPRA Paper 28253, University Library of Munich, Germany, revised 2008.
    5. Bertoméu-Sánchez, Salvador & Camos, Daniel & Estache, Antonio, 2018. "Do economic regulatory agencies matter to private-sector involvement in water utilities in developing countries?," Utilities Policy, Elsevier, vol. 50(C), pages 153-163.
    6. Mollie Fair, 2008. "From Population Lending to HNP Results : The Evolution of the World Bank's Strategies in Health, Nutrition and Population," World Bank Publications - Books, The World Bank Group, number 6406.
    7. Singh, Prakarsh & Mitra, Sandip, 2017. "Incentives, information and malnutrition: Evidence from an experiment in India," European Economic Review, Elsevier, vol. 93(C), pages 24-46.
    8. O'Donnell, Owen & Nicolás, Ángel López & Van Doorslaer, Eddy, 2009. "Growing richer and taller: Explaining change in the distribution of child nutritional status during Vietnam's economic boom," Journal of Development Economics, Elsevier, vol. 88(1), pages 45-58, January.
    9. Marisa Coetzee, 2013. "Finding the Benefits: Estimating the Impact of The South African Child Support Grant," South African Journal of Economics, Economic Society of South Africa, vol. 81(3), pages 427-450, September.
    10. Patricia Danzon & Adrian Towse & Jorge Mestre‐Ferrandiz, 2015. "Value‐Based Differential Pricing: Efficient Prices for Drugs in a Global Context," Health Economics, John Wiley & Sons, Ltd., vol. 24(3), pages 294-301, March.
    11. Jorge M. Aguero & Michael R. Carter & Ingrid Woolard, 2006. "The Impact of Unconditional Cash Transfers on Nutrition: The South African Child Support Grant," SALDRU Working Papers 8, Southern Africa Labour and Development Research Unit, University of Cape Town.
    12. Gasmi, Farid & Recuero Virto, Laura, 2010. "The determinants and impact of telecommunications reforms in developing countries," Journal of Development Economics, Elsevier, vol. 93(2), pages 275-286, November.
    13. Alasdair Roberts, 2011. "Debate: The end of the guardians?," Public Money & Management, Taylor & Francis Journals, vol. 31(4), pages 232-233, July.
    14. John A. Maluccio & Kailash Pandey, 2022. "Food Aid and Fertility: Does Under-Two Targeting Influence Short-Term Fertility?," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 41(5), pages 1893-1916, October.
    15. Ernst R. Berndt & Joseph P. Newhouse, 2010. "Pricing and Reimbursement in U.S. Pharmaceutical Markets," NBER Working Papers 16297, National Bureau of Economic Research, Inc.
    16. Bigerna, Simona & Bollino, Carlo Andrea, 2016. "Ramsey prices in the Italian electricity market," Energy Policy, Elsevier, vol. 88(C), pages 603-612.
    17. Zhao, Fang-Jie & Shewry, Peter R., 2011. "Recent developments in modifying crops and agronomic practice to improve human health," Food Policy, Elsevier, vol. 36(S1), pages 94-101.
    18. Anu Rammohan & Bill Pritchard & Michael Dibley & Mark Vicol, 2018. "The links between agricultural production and the nutritional status of children in rural Myanmar," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 10(6), pages 1603-1614, December.
    19. Joseph I. Uduji & Elda N. Okolo-Obasi, 2022. "Gender Difference in Nutrition and Health in Agricultural Households in Nigeria: the Role of Corporate Social Responsibility in Oil Producing Communities," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 22/009, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    20. Ugo Gentilini & Patrick Webb, 2005. "How Are We Doing on Poverty and Hunger Reduction?: A New Measure of Country-Level Progress," Working Papers in Food Policy and Nutrition 31, Friedman School of Nutrition Science and Policy.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:manmar:v:xiii:y:2015:i:1:p:188-204. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin Barbu (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.