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Comparative analysis of social and economic efficiency in managing product innovations in the pharmaceutic industry

Author

Listed:
  • Zhibek Omarkhanova

    (S. Seifullin Kazakh Agro Technical University, Kazakhstan)

  • Danagul Tleuzhanova

    (S. Seifullin Kazakh Agro Technical University, Kazakhstan)

  • Aigul Zholmukhanova

    (S. Seifullin Kazakh Agro Technical University, Kazakhstan)

  • Zamira Mukhambetova

    (S. Seifullin Kazakh Agro Technical University, Kazakhstan)

  • Sholpan Alpeissova

    (S. Seifullin Kazakh Agro Technical University, Kazakhstan)

Abstract

Despite the variety of studies of modern innovative projects within the global pharmaceutical industry, the study of the management system for innovative projects in the pharmaceutical industry is relevant. The pharmaceutical business has a high social role in the country's economy, meeting the needs of the population in providing the necessary products. This is what determines the significant influence of the state on this sphere of economic activity, which is expressed in the mandatory fulfillment of a number of rigidly and clearly established requirements, due to which the observance of the rights of citizens in the possibility of obtaining high-quality pharmaceutical products will be ensured.The aim of the study is to consider the socio-economic characteristics of managing product innovations in pharmaceuticals (leading pharmaceutical markets) based on assessing the level of innovative activity of pharmaceutical companies, which addresses the problems of managing their role and importance in the healthcare system of Kazakhstan.

Suggested Citation

  • Zhibek Omarkhanova & Danagul Tleuzhanova & Aigul Zholmukhanova & Zamira Mukhambetova & Sholpan Alpeissova, 2020. "Comparative analysis of social and economic efficiency in managing product innovations in the pharmaceutic industry," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1245-1266, December.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:2:p:1245-1266
    DOI: 10.9770/jesi.2020.8.2(74)
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    References listed on IDEAS

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    1. Leonid Kogan & Dimitris Papanikolaou & Amit Seru & Noah Stoffman, 2017. "Technological Innovation, Resource Allocation, and Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(2), pages 665-712.
    2. Gamba, Simona, 2017. "The Effect of Intellectual Property Rights on Domestic Innovation in the Pharmaceutical Sector," World Development, Elsevier, vol. 99(C), pages 15-27.
    3. Hu, Jia & Mossialos, Elias, 2016. "Pharmaceutical pricing and reimbursement in China: When the whole is less than the sum of its parts," Health Policy, Elsevier, vol. 120(5), pages 519-534.
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    Keywords

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    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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