Experimentation with strategy and the evolution of dynamic capability in the Indian pharmaceutical sector

Suma S. Athreye · Dinar Kale · Shyama V. Ramani

90 citations0/0 files storedIndustrial and Corporate Change

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Innovation and Knowledge Management Pharmaceutical Economics and Policy Biotechnology and Related Fields

Abstract

This article 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.

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References

1997Dynamic capabilities and strategic management 1983An Evolutionary Theory of Economic Change.2000Dynamic capabilities: what are they?1995The Theory of the Growth of the Firm 1982An evolutionary theory of economic change 2003Understanding dynamic capabilities 1998Capturing Value from Knowledge Assets: The New Economy, Markets for Know-How, and Intangible Assets 1996Mastering the Dynamics of Innovation

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