Documenation for Generics Pharmacy

The system development life cycle is a formal four-step process that can be followed in order to identify a problem and solve it. The first step is

Interviews involves the direct questions or formal questions asked to the participants to get jobs, college and

There were two pharmaceutical companies that were looking for ways to expand globally to position themselves in a competitive advantage from their competitors. One was located in the United States, which was Eli Lilly and

Observations involves watching people’s behaviour or looking at some other phenomenon. There are different types of observations which include informal and formal observation.

Eli Lilly’s decision to create a joint venture was not surprising (figure 1). The India government limited foreign direct investment to 51%, importing was subject to manufacturing at high costs outside the country and then paying high importation tariffs, and licensing was not prudent due to an absolute lack of product patents laws that were needed to protect Eli Lilly’s intellectual property.

The branded pharmaceutical firms account for more than 50% of worldwide pharmaceutical sales. Thus they make huge profits. These profits can be used to fund hospitals in poor areas. This will not only give the firms respect but also a good recognition. Generic medicines are cheap and easily available. Though they may not be effective, but they serve the purpose for the poor. Some generic medicines may not give the desired results but the major diseases which occur among the poor people can be treated with generic medicines.

History of the industry recalls the first drug store being opened in 1823 and strictly worked with pharmaceuticals under the first registered pharmacist. As the stores became more popular and customers’ needs grew for different products, the industry transitioned into including staple items.

All competitors of Allstar’s are diversified into other categories of the OTC market and not dependent upon just the cold segment. This is one area where Allstar can potentially improve its sales and diversify its product lines. Although Allstar has the highest brand awareness, it also has the highest price amongst competitors. The fact that Allround has a strong reputation in the market place due to the product effectiveness allows Allround to maintain a higher price than its competition. All other competitors supply its OTC in capsule form, which is the preferred method of consumption by consumers. Allstar must be aware of the various formulations of the competitors, be selective in considering new products to market, and pay attention to newly offered products and the markets the competitors are targeting. The Allstar team needs to reassess the strategy and approach each period based upon competitor information while maintaining the long-term strategic objectives.

Allstar Brands' over-the-counter cold and allergy remedy Allround will continue to be the market leader among OTC cold medicines and continue to increase its stock price over the next decade in order to remain not only competitive, but the premier stock choice among competitors in the OTC cold and allergy remedy market. To further grow the Allround product it is essential to build upon the current strengths of the brand, but also seek additional areas for opportunity and growth. These goals will be accomplished by evaluating competitors entering the OTC cold and allergy remedy market and through careful planning and execution to enhance

ortunately for pharmaceutical companies, the United States government has not done nearly enough to regulate the companies. Pharmaceutical companies are able to spend millions of dollars on marketing, and not only on the cheesy direct-to-consumer ads we see ending with “ask your doctor”. The drugs that these companies make are not a standard item on the market; one needs permission to obtain drugs. Pharmaceutical companies understand this, so they spend a majority of their marketing funds on advertising to health care providers. In 2012, of the $27 million the industry spent on marketing, $24 million was for doctors (Pew Charitable Trusts). Aside from the skewed proportions in marketing fund division, 9 out of 10 pharmaceutical companies spent

Nevertheless, at the start of the 1930’s, most medicines were sold without a prescription and private companies were supplying these physicians with their requested

Chain drugstore corporations such as Watsons Personal Care Stores, Rose Pharmacy, Mercury Drug, and ThreeSixty Pharmacy are building new stores at an increasing rate to meet the country's growing demands for pharmaceutical services. Rose Pharmacy was established in 1952 in Cebu City. Now with not less than 183 branches nationwide providing easy access to quality and affordable medicines for its numerous customers. Due to this trend, independent drugstores thinks that they cannot compete with the unusually low prices that chains offer. Anne Stillman addresses this issue in Better Models for Chain Drugstores by stating that, "as Health Maintenance Organizations (HMOs) reduce prescription drug reimbursement rates to record lows, only the biggest

Interviewing is a procedure which recounts to a controlled situation in which one person asks a chain of questions to another person, relating to a

In 1986, the company went public and was listed on the Toronto Stock Exchange. A strong brand

Computer system plays an important role in solving human problem in their daily life. There are standard steps in order to develop information system called System Development Life Cycle (SDLC). SDLC is the framework available to build a complete system. There are five phases in SDLC which are planning, analysis, design, coding, testing and maintenance (refer to Figure 1 in Appendix 1).