comparing pharmaceutical firms in Germany, Italy, and the UK Herrmann, Andrea M. creator text bibliography enk Oxford New York Oxford University Press 2008 monographic eng

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xvi, 202 p. : ill. ; 24 cm. "One Political Economy, One Competitive Strategy? begins with an assessment of how many pharmaceutical firms in Germany, Italy, and the UK pursue strategies facilitated by national institutions governing the financial markets, antitrust activities, and the labour market. Quantitative analyses reveal that deviant firms, competing through institutionally unsupported strategies, outnumber conforming firms by far. Not only does this finding run counter to the expectations of the competitiveness literature, it brings up a whole new line of inquiry. How can firms compete through strategies that are not supported by national institutions? The book addresses this question and illustrates that firms do not necessarily exploit comparative institutional advantages, but that they can also circumvent institutional constraints. International markets and individual collaboration on a contractual basis allow firms to compete despite comparative institutional disadvantages. These findings suggest that trade liberalization does not lead to strategy specialization but to strategy diversification, depending on the inventiveness of entrepreneurs to develop individual approaches to compete."--BOOK JACKET. Andrea M. Herrmann. Includes bibliographical references (p. [171]-185) and index. e-gx--- e-it--- n-us--- e-uk--- Pharmaceutical industry Germany Pharmaceutical industry Italy Pharmaceutical industry Great Britain Drug Industry economics Germany Drug Industry economics Italy Drug Industry economics United States Economic Competition Germany Economic Competition Italy Economic Competition United States Technology, Pharmaceutical economics Germany Technology, Pharmaceutical economics Italy Technology, Pharmaceutical economics United States HD9671.A2 H47 2008 338.476151094 2009 B-139 QV 736 H568o 2008 9780199543434 (hbk. : alk. paper) 2011291254 NLM 110907 20141027110820.0 16950895