Monday, December 29, 2008

Week 86 (7.12.08)

Learn (Exploring Corporate Strategy - Strategic Analysis, Pg 19)
  • The aim of strategic analysis is, then, to form a view of the key influences on the present and future well-being of the organisation, and what opportunities are afforded by the environment and the competences of the organisation.

The environment

  • The organisation exists in the context of a complex commercial, economic, political, technological, cultural and social world. (PESTLE)
  • Many of those variables will give rise to opportunities and others will exert threats on the organisation.

Unlearn

NIL

Relearn

Scan the current environment status following PESTLE:

Political

There will be a change of Prime Minister in March 09. Unsure how it will affect healthcare industry, most probably not much impact.

Economical
Economic growth 2009 - 3%
Economic growth 2009-2013 - to find out
Inflation rate - 7.6 % (Oct 2008)
GDP - 5.9%
Per capital drug expenditure rise – reason purchasing power & private insurance increase, gov shift drug cost to pts.
Msia is the fastest growing pharmaceutical market in asia pacific ( BMI chp 5)
Pulling out of foreign investor - due to global economy recession
Discuss on 9th msian plan – what is the helping factor for the healthcare industry.

Socio-cultural
Prevalence of Diseases
Presentation rate of patient seeking treatment in Government Hospital vs Private Hospital
Health Insurance growing - really growing?
Total population
Population by age group (important for champix)

Health warning label on the harzardous of smoking – government’s move of anti-smoking

Technological
Robotic surgery
Drug info & disease awareness via Internet
Paperless hospital - e-prescribing system

Legal
No protection from government on patent products
Counterfeit enforcement insufficient – (code value from BMI)
Asean Free Trade Agreement (to find out more)
PhAMA code of Conduct not practiced by all – not standardized