Defiant, Generic Drug Maker Continues to Raise Prices,”

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Using the New York Times article, "Defiant, Generic Drug Maker Continues to Raise Prices," conduct further research on the pricing strategies of generic drug driving manufacturers. In 750‐1,000 words, analyze the pricing strategies and discuss the following:
Discuss the pricing decisions of generic drug manufacturers.
Evaluate the impact competitors and additional economic factors have on the results of the generic drug pricing strategies. What factors contribute to the advantages and disadvantages of various pricing strategies?

Sample Answer

Majority of economies if not all are driven by the need to make profit and so is healthcare and pharmaceutical industries. The rising rate of diseases each day has prompted the manufacturing of many drugs even as more and more are under research and testing. The observable increase in the generic -drug pricing can be attributed to the absence of competitive market especially in cases where there is no new entry or when the exiting competitors are not replaced. This creates a gap and monopoly which leads to tremendous spike of prices. This article will for such delve on the existence of such pricing strategies and comprehensively discuss its impact on the patient among other crucial aspects pertaining to it.

The associations need to comprehend and acknowledge social and correspondence contrasts, show regard, relate be adaptable to correspondence issues in the workforce condition. It ought to be learned about moral issues and get values, convey choices in regards to these issues to workers and keep correspondence channels open for all representatives to input data without dread and vengeance. Association ought to adjust the approaches that legitimately or by implication influence the assorted variety issues (Griffin and Hirsch, 1998). It is significant how the association delivers and reacts to issues that emerge from decent variety. It must mirror its position on assorted variety in its statement of purpose. In the event that the statement of purpose expresses an unmistakable and direct pledge to assorted variety, everybody who comes into contact with that statement of purpose will develop to comprehend and acknowledge the significance of decent variety. Associations can likewise oversee assorted variety through an assortment of progressing rehearses (Jackson, 1999).

Effects of assorted variety on work environment condition:

Working environment decent variety gives qualities just as offer difficulties to the association. Social assorted variety is important. It causes workers to gain from one another, to see each other's disparities (Griffin and Hirsch, 1998). Social decent variety influences the organizations from numerous points of view including the staff enrollment/maintenance, the board styles and basic leadership procedures, and connections inside associations. Social decent variety frequently improves and creates work environment by aiding as learning encounters for managers just as representatives. At the point when an association grasp decent variety and understand its advantages, it can succeed and contend all the more successfully (Henderson, 2001). At the point when it effectively survey the treatment of work environment assorted variety issues, create and actualize decent variety plans, it can build its flexibility. Various representatives bring singular abilities and encounters and recommend proposing adaptable thoughts in adjusting to consistently evolving markets. An association can all inclusive furnish administration with an assorted assortment of aptitudes and encounters. Associations that empower work environment decent variety in move the entirety of their representatives to perform to their most noteworthy capacity. Various methodologies are then executed; bringing about higher profitability, benefit, and rate of profitability (Konard et al. 2006).

Then again, assorted variety issues costs cash, time and productivity. If not

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