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1 August, 22:00

A pharmaceutical company was the first company to introduce a revolutionary treatment for rheumatoid arthritis. Sales and demand increased rapidly; however, the company could not meet the demand due to lack of manufacturing power. Based on what you know about the company, which innovation strategy should it have implemented?

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  1. 2 August, 00:57
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    Use the production line of the other organization or form an alliance with another pharmaceutical company

    Explanation:

    The only way the organization make money is to use the production facility of the production lines of the other pharmaceutical organization to meet the demand of the customers until the company is able to have its own production lines in place. So the best strategy to maximize the profits is collaborate with another organization to maximize its profits.
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