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

  • 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)

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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File URL: http://www.merit.unu.edu/publications/wppdf/2008/wp2008-041.pdf
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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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