Strategic adaptations to price controls: The case of indian drug industry |
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| Authors: | Venkatakrishna V Bellur Radharao Chaganti Rajeswararao Chaganti Saraswati P Singh |
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| Institution: | (1) Niagara University, Niagara, USA;(2) LaSalle College, Wyndmoor, USA;(3) Temple University, Philadelphia, USA;(4) University of Alberta, Edmonton, Canada |
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| Abstract: | In developing countries private enterprises, especially foreign firms, are under constant surveillance and a wide range of
government controls are imposed on them. Adaptations and changes required in any organization depend to a great extent on
the degree of freedom a firm enjoys and its willingness to go through the needed changes. This paper examines the manner in
which drug companies in India have explored and utilized their degrees of freedom in response to very complex price regulations—a
rather popular form of regulation in India. |
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