Effects of Generic Substitution of Firms' Pharmaceutical Medicines as a Competitive Strategy at Chemist Outlets in Western Kenya

Effects of Generic Substitution of Firms' Pharmaceutical Medicines as a Competitive Strategy at Chemist Outlets in Western Kenya

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The pharmaceutical industry is considered one of the fastest growing industries worldwide and estimated to be worth 500 billion USD. Increasing pharmaceutical expenditures has been a common problem in many developing countries. Globalization economy provides much more serious challenges to pharmaceutical firms in African nations Kenya included. It is nearly impossible to know, measure, and boost the competitiveness of a strategic business unit in a certain pharmaceutical firm unless the competitive factors affecting it are identified in the first step. Most studies in the pharmaceutical indust...