Avinash Shivdas and Sougata Ray
The economic value generated by a firm is determined by the efficient management of its resources within a given business environment. The Indian pharmaceutical industry is highly…
Abstract
Purpose
The economic value generated by a firm is determined by the efficient management of its resources within a given business environment. The Indian pharmaceutical industry is highly competitive and has attracted huge investments in research and development (R&D), including financing of biotechnological ventures, clinical trials, contract research activities in addition to traditional product development and filing of regulatory requirements. This study aims to identify the specific resources that are significant drivers of performance.
Design/methodology/approach
Data analysis uses panel regression based on an extended version of the Cobb-Douglas production function, where the dependent variable firm performance is measured using annual sales whilst the independent variables include labour, capital, R&D investments and marketing efforts. This study uses data spanning a period of 7 years (2012–2018) collected from 151 Indian pharmaceutical firms.
Findings
Contrary to the general understanding that R&D investments tend to create profitable opportunities, it is observed that R&D expenditures have a negative impact on sales in the short to medium time period. This study also highlights the finding that in addition to the positive impact of labour and capital, marketing efforts are more likely to have a greater positive influence on firm performance than R&D.
Originality/value
The uniqueness of the paper lies not only in the counterintuitive findings but also in the methodology used to capture the impact of the lagged effect of R&D investments on firm performance. Specifically, a regression model-based both on panel data and time-series averages is used to examine the said impact.
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Avinash Shivdas, Dileep G. Menon and Chitra S. Nair
The purpose of this paper is to examine the critical factors that drive the adoption of digital library system (DLS) in institutes located in remote India. An integrated model of…
Abstract
Purpose
The purpose of this paper is to examine the critical factors that drive the adoption of digital library system (DLS) in institutes located in remote India. An integrated model of the unified theory of acceptance and use of technology model-2 (UTAUT2) and information systems success model (ISSM) is used to evaluate the critical factors.
Design/methodology/approach
The survey method of research was used, and the data collected was analysed by using PLS-SEM, which proved helpful to evaluate and validate the model.
Findings
Departing from past research, where most of the factors of the UTAUT2 and ISSM were found to influence the adoption of DLS, in this context, it is noted that performance expectancy, facilitating conditions and habit were the only constructs that influenced the intention to use DLS.
Originality/value
The study addresses the requirement for further research in DLS domain in emerging markets. It is one of the few studies addressing DLS adoption in remote India. The findings are unique to this context, which differ from developed nations, thus, answering the call to advance UTAUT model.
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R. Harikrishnan, Avinash Shivdas and S. Ananthu
This paper aims to delve into the critical aspect of supplier selection in the healthcare sector, emphasizing the significance of strategic sourcing in enhancing operational…
Abstract
Purpose
This paper aims to delve into the critical aspect of supplier selection in the healthcare sector, emphasizing the significance of strategic sourcing in enhancing operational efficiency and quality of services. The primary aim is to develop a comprehensive framework for supplier evaluation that aligns with the unique requirements of hospitals, ultimately improving procurement processes and patient care outcomes.
Design/methodology/approach
The study leverages the renowned Carter’s 7 C model as a foundational framework for supplier assessment, supplemented by insights gathered from interviews with experts in the New Product Introduction, Purchasing and Procurement departments of a leading hospital in India. Data collection involved a combination of primary interactions through Google Forms and secondary data extraction from Purchase Inquisition Brochures and Hospital Information Systems. The weighted average method was employed to determine the significance of various criteria based on expert recommendations, ensuring a fair and consensus-driven evaluation process.
Findings
Through the synthesis of expert inputs and data analysis, the study unveils a nuanced set of criteria weights that guide supplier selection decisions in the healthcare setting. The research highlights the dynamic nature of supplier evaluation criteria, underscoring the importance of tailoring assessments to suit the specific needs of each hospital. By emphasizing effective communication, technological advancements and collaborative supplier relationships, the study underscores the potential for strategic supplier selection to optimize supply chains, drive innovation and enhance patient care delivery in the healthcare sector.
Research limitations/implications
The framework for supplier selection in the healthcare sector has limitations, including limited generalizability, subjectivity in expert opinions and a static framework. The framework assumes the constant importance of selection criteria over time, which could be affected by dynamic changes in the industry. Its focus on the healthcare sector may require adaptation to other sectors.
Practical implications
For hospitals, it also supports cost optimization by focusing on critical variables like cost efficiency and quality. For suppliers, the framework provides clear expectations, performance benchmarking and collaborative growth. It encourages performance benchmarking and encourages collaboration between the hospital and its supply chain partners. The framework is a replicable model that can be adapted by other hospitals or organizations to optimize supplier selection processes. It promotes standardization in supplier evaluation, fostering consistency across the sector. For patients, the framework improves care delivery by ensuring reliable access to high-quality supplies and services.
Originality/value
This research intends to provide a novel framework for the classification of suppliers in the healthcare sector for operational excellence which enhances the strategic sourcing decision in the domain.
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Nitha Mary Siju and Avinash Shivdas
Sustainability has become the topic of the era, and the world is moving toward a circular economy. As part of it, companies are also integrating sustainability in supply chain…
Abstract
Sustainability has become the topic of the era, and the world is moving toward a circular economy. As part of it, companies are also integrating sustainability in supply chain management. Therefore, this study conducts a technology-empowered systematic literature review to examine the state of the literature on the technologies in the sustainable supply chain. The review reveals that limited studies have been conducted in the area. There is still scope for the researchers to explore new innovative technologies, many clusters in author collaboration, and involve more sectors in the study. Future studies can enrich the field by employing other methodologies like meta-analysis review.
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This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.
Abstract
Purpose:
This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.
Design:
This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.
Findings:
Heavy and unrestrained investment in R&D in the Indian pharmaceutical industry can negatively impact the performance and revenues of such firms.
Originality:
The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.
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Innovation and entrepreneurship are regarded as the key drivers to steer the engine of economic development in any nation. As a result, to understand the context and process of…
Abstract
Purpose
Innovation and entrepreneurship are regarded as the key drivers to steer the engine of economic development in any nation. As a result, to understand the context and process of innovation and entrepreneurship there has been a steady rise in scientific literature and empirical studies. The purpose of this paper is to study the trends and progress of academic research on innovation and entrepreneurship in India by identifying the key articles, journals, authors and institutions.
Design/methodology/approach
Scientometric methods especially bibliometrics is used, for measuring the maturity of this research field in the country. The paper studies the research landscape in innovation and entrepreneurship in India by doing a bibliometric analysis using data from publications indexed in the Scopus database from the year 2000 to 2018. The study takes a multidisciplinary review of the literature in innovation and entrepreneurship research in India and could be used as a reference for future studies in this theme.
Findings
The study finds an increase in the scholarly studies in innovation and entrepreneurship in India in the last decade. It was also found that a large number of publications were joint-authored and collaborations between Indian and foreign universities is happening. The paper also highlights the authorship patterns, top journals and the most cited papers.
Research limitations/implications
A major limitation of this study is that it has considered publications which are indexed in Scopus. This paper has contributed by highlighting the growth of studies in the field of innovation and entrepreneurship in the Indian context. The results can be used by future studies in this area as a starting point to highlight the nature of this research area.
Originality/value
The study attempts to present a trend analysis of published literature on innovation and entrepreneurship in India.