KSB-100
Anthony Chedid
February 14 1013
1-What opportunities are there in your industry for small businesses and entrepreneurs?
Entrepreneurship can’t be producers in the pharmaceutical industry because the big companies have more money, experience in the business and are well established. Entrepreneurs could be middleman because middlemen have more opportunity because they are the connection between the producer and the user. Plus the middleman is just shipping the products which is cheap compared to hospitals and factories produce and hold the drugs which costs allot.
2-In what areas of the industry are there opportunities for innovation?
The area in which this industry has opportunity in innovation is in the production of the product because they can find base materials that are cheaper and more efficient or faster machinery. They also find cheaper ways of holding the drugs in hospitals for example.
3-How has the competitive landscape changed as a result of leading entrepreneurs in the industry?
Entrepreneurs are all about innovation, that’s what makes big companies produce. They don’t have enough money to make more so they make it better, they can’t go against big companies because they’re to big so they need innovation. Companies to spend money in research and development (R&D) the entrepreneurs can’t put that much money but thats good because it forces big companies to invest in research development.
Hi Anthony,
ReplyDeleteInteresting blog post. For this blog, you were supposed to read an industry report and then answer the questions for week 1 based on the industry report. Also, you must have at least 300 words per blog entry. There should be more of a summary of the industry report/article that you read each week, as well as thorough analysis of that article and how your company/industry is being affected. Make the blog post more cohesive vs separated; this will be easier for the upcoming posts when you answer 1 question.