Essay about SWOT-Analysis

The utilization of prescription drugs has increased across all age groups in the US, with 50% of Americans taking at least one prescription drug (Rice & Unruh, 2016). This can be attributed to physician-induced demand, substitution of pharmaceuticals for other medical regimens, commercialization of the products, increase in the aging population and drug insurance coverage, and also the increase in chronic conditions. Lathan discusses the startling fact that the rate increase of prescription drugs purchased was considerably higher in contrast to the US population growth - 71% and 9% respectively (Rice & Unruh, 2016, p. 264).

were still slapped with a high profit margin, resulting in overpriced products compared to local Chinese products.

The rise in drug prices is causing the public to ask why this is so and why there isn’t anything being done, or what the reason could be for sky high prices. Some of the reasons include pharmaceutical companies setting their drug prices

Some costs are expensive: freight cost from China, inventory (lead-time increase because of shipping), and quality control (testing shipped products from China in the US require some cost; time and money)

Economic: Globalization of the pharmaceutical industry is an exciting opportunity to have research and development done at cheaper prices in other countries. However, this could be a double edged sword for companies because it is easy for other countries, such as India, to produce generic versions of the drug in bulk.

This review provides an in-depth strategic SWOT analysis of the company’s businesses and operations in the areas of internal strengths and weaknesses and external opportunities and threats. (Sector Publishing Intelligence)

The SWOT analysis is a great way for companies or organizations to determine their brand and product’s strengths, weaknesses, opportunities, and threats. In order to more effectively determine these areas, separation of internal and external issues within the company or association is crucial.

When examining the potential for a new business or product, a SWOT analysis can help determine the likely risks and rewards. A SWOT analysis is an organized list of a business’s greatest strengths, weaknesses, opportunities, and threats. Strengths, which are the appearances of the business that give it an advantage over others, and weaknesses, which are features that place the team at a disadvantage, are internal to the company and can be changed over time but not without some work. Opportunities, which are basics that the business could use to enhance its strengths, and threats, which are elements in the environment that could cause concern for the business, are external and they are out there in the market,

U. S. citizens pay the highest prescription drug prices in the world. This is an injustice that must be corrected. The "U.S. forbids the import of prescription drugs by anyone other than the original U.S. manufacturer, and even then only when the drugs meet all the approval requirements of the U.S. Food and Drug Administration (FDA)" (Barlett & Steele, 2004). Prescription drug prices are outrageously high in the United States because of the influence of advertising on consumer purchasing, the misleading statements by pharmaceutical companies about the cost of research and development of new drugs, the manipulation of patent laws, the antiquated laws regarding importation of

The drug industry has severely attacked government, feeling that they are too restricted and that government has no right to

On the other hand, there are several factors that drive this industry. First, The level of healthcare expenditure is increasing measured by the Pharmaceutical Benefits Scheme (PBS) in this instance is of fundamental importance to the industry. Secondly, the demand for pharmaceuticals varies directly with the age of the population due to the increased risk of disease. Australia has an ageing population and as the baby boomers become older, demand for pharmaceuticals will increase (2012, Arna Richardson). Lastly, one variable indirectly influencing the level of demand for the products wholesaled by the industry is the level of general

In conclusion, there have been economic and political factors that have contributed to national, and international levels which resulted in pressure in the private and public healthcare system. Pharmaceutical companies intend for financial gain for the shareholders and developers to create the largest markets in the industry. Developers promote expensive drugs to shareholders and industries to increase profit. The cost of prescription has stabilized the types of drugs that would increase. Pharmaceutical industry collaborates with doctors to promote their medicines and prescribe their patients. However, there have been several factors affecting drug expenditures in Canada.

SWOT Analysis: The internal strengths and weaknesses of the company, and the external opportunities and threats from the viewpoint of the company

Describe the nature of supplying drugs to emerging markets at an affordable price without undermining their profits

The company struggled in this country for several years as well before pulling out as well. The company had several reasons to attribute to their struggles in China. One big reason for their ultimate failure, was that the company did not recognize how different the Chinese market and their business environment are from the United States. The business manager of eBay that led the Chinese operation could not even speak or understand the language. The company should’ve been way better prepared to communicate and market to the Chinese. Their lack of understanding the locals made the company’s advertising efforts were all wrong. The company focused more on the internet and less on the Chinese preference. Since eBay chose not to conform their products and services to the likes of the local market, the Chinese tastes and preference wasn’t satisfied. All of these together made success in China highly unlikely.