The need for clinical research is less for generic drugs but nevertheless may be needed for improvements.
2) Explain why the process or procedure produces a competitive product or service in the domestic and global markets
Other than the mandatory requirements the clinical trials are part of the quality management system. The credibility of the company depends on the effectiveness of the medicine it sells. So for both the companies the results of clinical trials and the opinions from the market and the medical fraternity is very important in improving the quality of the medicine and also bring about a better product to gain a better market share. The clinical trials thus help bring high-quality products to market not only in the therapeutic side of pharmaceuticals. For the generic drug segments that are a niche, high-barrier-to-entry products like the ones dealt with by Par Pharmaceutical the clinical trials are also important to establish the niche in the first place.
3) Explain how quality management affects the position of the companies in the domestic and global market
The competition between all companies is intensified within the domestic and global market. Medicines are being manufactured, tested and marketed on a global scale. (Sourcepoint, 2011) For example Par Pharmaceutical specializes in the generic versions of medicines like Accupril, Dostinex, Flonase, etc. mostly have manufacturing in the United States. But the product is marketed globally and the company also licenses many prescription drug products and its niche is the U.S. retail chains, to managed care organizations and even mail order pharmacies....
Quality Management A Comparison between Southwest Airline and Domestic and International Business Operations Southwest airline is an American company that offers services domestically. The company's main competition is other domestic airlines. Ford Motor Company is an American automaker that operates in the United States and worldwide. Ford competes in the United States and globally. The decisions made by the leaders of these two organizations have directly impacted the outcome of these organizations.
Quality as a product differentiator must be an explicit goal in defining audit objectives in highly regulated industries if manufacturers are to retain and grow the trust of their suppliers and distribution channels (Schnoll, 2008). How Traceability Contributes to Great Competitiveness Traceability is essential for both companies to be in compliance to domestic and global pharmaceutical standards and laws, yet this is just the baseline from which both companies analyzed here
"In India, there are no Big Macs because the Hindu people don't eat beef. However, they have the Maharaja Mac, which a Big Mac is made of lamb or chicken meat. There is also a vegetarian burger, the McAloo Tikki" (Adams 2007). However, despite the fact that McDonald's must face what may seem like insurmountable challenges, like selling its 'burgers' in a nation like India where a high percentage
Also in addition to this, there are a series of general quality requirements raised by the market in case. Furthermore, each company establishes a set of quality objectives that must be met by their services. Based on these quality objectives, the companies are then able to determine the costs that will be required by their services. Based on these calculations, the companies can establish financial target, sales targets, and can
Total quality management (TQM) Total Quality Management is a particular management style where the aim is to produce total quality products for a customer or a client, where the customer has the right to define 'quality'. When the customer declares that the particular product or service is not up to the mark or of inferior quality or anything else, then the product or the service is considered to be not of
If these three factors are present, there is also a high probability that there is a hospital-wide TQM initiative already in place. The research results state that many academic teaching hospitals do not have as high of a level of performance using TQM as non-teaching hospitals. This variation could be explained by the significantly different process bases in hospitals where there is instruction and treatment happening at the same
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now