S/OM/45. Innovation & Imitation in an Industrial Organization Ï Pharmaceutical Industry
(2007, 8500 words)
The paper examines the role of innovation and imitation of other firms in the development of an organization providing a review of academic literature on the types of innovation, the theory of uncertainty and decision making, knowledge diffusion, etc. Innovation in the pharmaceutical industry is analysed outlining the challenges of pharmaceutical manufacturing, the relationships between scientific research and industrial innovation, the issues of intellectual property, pharmaceutical market structure, incentives for innovation, etc.
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