International Journal for Recent Development in Science and Technology
With particular reference to India's small and medium-sized pharmaceutical businesses, the author seeks to examine the key factors influencing the operational effectiveness of the country's pharmaceutical sector.Regression analysis is the primary method used to assess the impact among the several environmental and governmental authorities on the functioning of the Indian SME pharmaceutical industry, with Porter's Five Force Model serving as a frame of reference.The strongest force is the competitive rivalry among already-existing firms, which is followed in order by the threat of new entrants, the bargaining power of suppliers, the threat of substitute products, and Reliability and the regression equation that were obtained by regression analysis.While some scholars have focused on the various facets of the pharmaceutical industry, others have examined the Porter model in principle.Beyond Michael Dobbs' groundbreaking work, more research is needed on the application of the Porter model to the examination of the pharmaceutical sector.This study builds on his work by applying the Porter model to the Indian pharmaceutical sector, paying particular attention to SME units.The researcher finds this Industry to be useful, particularly for SMEs who may utilize the findings to formulate plans for evaluating competitiveness and growth.
Publication Details
- Published
- 2025-03-01
- DOI
- https://doi.org/10.48047/ijrdst/v8/i12/16
- Primary Topic
- Academic Publishing and Open Access
- Type
- article
- Field-Weighted Citation Impact
- 0.00