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Recovering from SuccessInnovation and Technology Management in Japan$
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D. Hugh Whittaker and Robert E. Cole

Print publication date: 2006

Print ISBN-13: 9780199297320

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199297320.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 25 November 2020

Global value chains in the pharmaceutical industry

Global value chains in the pharmaceutical industry

(p.87) 5 Global value chains in the pharmaceutical industry
Recovering from Success

Jocelyn Probert (Contributor Webpage)

Oxford University Press

This chapter looks at value chains in the Japanese pharmaceutical industry, which was, until recently, relatively isolated from global consolidation, value chain modularization, and indeed global markets. One reason was the institutional and regulatory environment — including governmental emphasis on safety over effectiveness — but corporate strategies also played a part, including a strong preference for organic growth and employment security. It is further noted that there was a limited contribution from university-based research activity, especially in biotechnology. But this industry is now in the throes of rapid change. The prospect is offered that leading pharmaceutical companies may well respond to their challenges while retaining cherished traditions through the pursuit of global niche strategies.

Keywords:   Japanese pharmaceutical industry, globalization, university-industry relations, employment security, biotechnology, niche strategies

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