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

Suma Athreye (), Dinar Kale () and Shyama V. Ramani ()
Additional contact information
Dinar Kale: Open University, and ESRC Innogen
Shyama V. Ramani: Institut National de la Recherche Agronomique (INRA), and Ecole Polytechnique Paris

No 41, UNU-MERIT Working Paper Series from United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology

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.

Keywords: International Marketing; R&D Management; India; Pharmaceutical Sector; Corporate Strategy (search for similar items in EconPapers)
JEL-codes: L11 L22 L51 L65 M31 O32 O34 O53 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-cwa and nep-ipr
Date: 2008
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Related works:
Journal Article: Experimentation with strategy and the evolution of dynamic capability in the Indian pharmaceutical sector (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:dgr:unumer:2008041

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