The role of strategy in performance within the pharmaceutical industry
A literature review
DOI:
https://doi.org/10.24215/23143738e169Keywords:
strategy, performance, pharmaceutical IndustryAbstract
This paper conducts an exploratory literature review to analyze the strategy–performance link in the pharmaceutical industry, based on the two predominant approaches in the literature: the theory of strategic groups and Porter’s generic strategies (1985/1998). While most studies agree that strategy has an effect on profitability, these studies present limitations and arrive at different conclusions. This essay reviews the literature and traces the evolution of research over the years, integrating different approaches and highlighting the main strategies within this industry and their impact on organizational performance. This research may be useful for those interested in an industry where innovation, price intervention, research specialization, and quality are fundamental characteristics that define its behavior.
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