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Tag Archive 'Business Strategy'

Significance of Technology to Business Strategy

August 27, 2008

Pharmaceutical companies are considered as one among many stakeholders within the health care system that is contributing effectively to patients’ health care around the world and as well as these companies contributing to each country’s economy.

From early times, each tribe depended on their ‘Medicine Man’ who was responsible in treating individuals within their community, applying witchcraft and some herbal medicine. With the advancing years and the appearance of empires and expansionism, physicians were able to collect herbs from the four corners of their empires, but the pharmaceutical manufacturing remained to be confined within individuals. However, after World War Two, and after the discovery of Penicillin companies started to pay attention to the importance of pharmaceutical industry and its ability to contribute to the national health care and economy. …

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