Case summary:
In the 1990s, researchers at pharmaceutical Company P has developed a drug to treat the heart disease. The drugs are developed in order to prevent the patients from the blood clots and to improve the blood flow. However, the unexpected side-effect of the drugs is prolonged erections. This resulted in the blockbuster Drug V.
The patent of Drug V expires in 2020. Hence, Company T will begin to sell the generic version of Drug V, as they signed a contract with Company P. A research state that more than 30 million of men from Country U has experience Erectile Dysfunction (ED). Thus, the competition becomes intense.
To determine: The thing that the discovery of Drug V mentions regarding the strategic management process and the role of strategic initiative.
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