Bioco

Bioco Description

Sitting in his office in Saint Gabriel's Hospital, Dr. Monteagudo, the head of the hospital's pharmacy, was mulling over his possibilities for reducing spending: "It's the first week of February and the hospital's general manager has already given me an ultimatum. I have no clue how we are to free up resources and achieve the savings we'll need to adjust to the budget cuts that the Ministry of Health has made for 2011." Having to comply with draconian budgeting was not Dr. Monteagudo's only concern. He was also facing some operational challenges that required prompt action, such as the problem of the embarrassingly long lines at the hospital's pharmacy. The lines had been getting longer and more frequent for months and some outpatients had complained that they had had to wait for more than 45 minutes to pick up their medication. The issue was so evident that other department heads even made jokes while chatting over coffee: "Monteagudo, what's going on at your pharmacy? Are you selling soccer tickets?" Monteagudo and his team had tried everything they could to cut back on the workload at the pharmacy in hopes of alleviating the problem. Specifically, some months back they had increased the amounts of medication they dispensed to outpatients at each visit. ("That means they won't have to come back as often."). Though at first it seemed to solve the problem, it also had some serious collateral implications: "It's true that our outpatients are visiting us fewer times per year, which makes the lines shorter. But we also need to consider the amount of drugs that patients will have to throw away at home if their treatment plans change or come to an end in between their visits to the hospital pharmacy."

Case Description Bioco

Strategic Managment Tools Used in Case Study Analysis of Bioco

STEP 1. Problem Identification in Bioco case study

STEP 2. External Environment Analysis - PESTEL / PEST / STEP Analysis of Bioco case study

STEP 3. Industry Specific / Porter Five Forces Analysis of Bioco case study

STEP 4. Evaluating Alternatives / SWOT Analysis of Bioco case study

STEP 5. Porter Value Chain Analysis / VRIO / VRIN Analysis Bioco case study

STEP 6. Recommendations Bioco case study

STEP 7. Basis of Recommendations for Bioco case study

Case Analysis of Bioco

Bioco is a Harvard Business (HBR) Case Study on Technology & Operations , Texas Business School provides HBR case study assignment help for just $9. Texas Business School(TBS) case study solution is based on HBR Case Study Method framework, TBS expertise & global insights. Bioco is designed and drafted in a manner to allow the HBR case study reader to analyze a real-world problem by putting reader into the position of the decision maker. Bioco case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. Bioco will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.

Case Study Solutions Background Work

Bioco case study solution is focused on solving the strategic and operational challenges the protagonist of the case is facing. The challenges involve – evaluation of strategic options, key role of Technology & Operations, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of Bioco, is to not only build a competitive position of the organization but also to sustain it over a period of time.

Strategic Management Tools Used in Case Study Solution

The Bioco case study solution requires the MBA, EMBA, executive, professional to have a deep understanding of various strategic management tools such as SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.

Texas Business School Approach to Technology & Operations Solutions

In the Texas Business School, Bioco case study solution – following strategic tools are used - SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.

We have additionally used the concept of supply chain management and leadership framework to build a comprehensive case study solution for the case – Bioco

Step 1 – Problem Identification of Bioco - Harvard Business School Case Study

The first step to solve HBR Bioco case study solution is to identify the problem present in the case. The problem statement of the case is provided in the beginning of the case where the protagonist is contemplating various options in the face of numerous challenges that Pharmacy Monteagudo is facing right now. Even though the problem statement is essentially – “Technology & Operations” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Pharmacy Monteagudo, style of leadership and organization structure, marketing and sales, organizational behavior, strategy, internal politics, stakeholders priorities and more.

Step 2 – External Environment Analysis

Texas Business School approach of case study analysis – Conclusion, Reasons, Evidences - provides a framework to analyze every HBR case study. It requires conducting robust external environmental analysis to decipher evidences for the reasons presented in the Bioco.

The external environment analysis of Bioco will ensure that we are keeping a tab on the macro-environment factors that are directly and indirectly impacting the business of the firm.

What is PESTEL Analysis? Briefly Explained

PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in Bioco case study. PESTEL analysis of " Bioco" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.

How to do PESTEL / PEST / STEP Analysis? What are the components of PESTEL Analysis?

As mentioned above PESTEL Analysis has six elements – political, economic, social, technological, environmental, and legal. All the six elements are explained in context with Bioco macro-environment and how it impacts the businesses of the firm.

How to do PESTEL Analysis for Bioco

To do comprehensive PESTEL analysis of case study – Bioco , we have researched numerous components under the six factors of PESTEL analysis.

Political Factors that Impact Bioco

Political factors impact seven key decision making areas – economic environment, socio-cultural environment, rate of innovation & investment in research & development, environmental laws, legal requirements, and acceptance of new technologies.

Policy Making Impact on Bioco

Government policies have significant impact on the business environment of any country. The firm in “ Bioco ” needs to navigate these policy decisions to create either an edge for itself or reduce the negative impact of the policy as far as possible.

Data safety laws – The countries in which Pharmacy Monteagudo is operating, firms are required to store customer data within the premises of the country. Pharmacy Monteagudo needs to restructure its IT policies to accommodate these changes. In the EU countries, firms are required to make special provision for privacy issues and other laws.

Competition Regulations – Numerous countries have strong competition laws both regarding the monopoly conditions and day to day fair business practices. Bioco has numerous instances where the competition regulations aspects can be scrutinized.

Import restrictions on products – Before entering the new market, Pharmacy Monteagudo in case study Bioco" should look into the import restrictions that may be present in the prospective market.

Export restrictions on products – Apart from direct product export restrictions in field of technology and agriculture, a number of countries also have capital controls. Pharmacy Monteagudo in case study “ Bioco ” should look into these export restrictions policies.

Foreign Direct Investment Policies – Government policies favors local companies over international policies, Pharmacy Monteagudo in case study “ Bioco ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.

Taxation & Regulation Impact on Bioco

Corporate Taxes – The rate of taxes is often used by governments to lure foreign direct investments or increase domestic investment in a certain sector. Corporate taxation can be divided into two categories – taxes on profits and taxes on operations. Taxes on profits number is important for companies that already have a sustainable business model, while taxes on operations is far more significant for companies that are looking to set up new plants or operations.

Tariffs – Chekout how much tariffs the firm needs to pay in the “ Bioco ” case study. The level of tariffs will determine the viability of the business model that the firm is contemplating. If the tariffs are high then it will be extremely difficult to compete with the local competitors. But if the tariffs are between 5-10% then Pharmacy Monteagudo can compete against other competitors.

Government Scheme & Subsidies Impact on Bioco

Research and Development Subsidies and Policies – Governments often provide tax breaks and other incentives for companies to innovate in various sectors of priority. Managers at Bioco case study have to assess whether their business can benefit from such government assistance and subsidies.

Consumer protection – Different countries have different consumer protection laws. Managers need to clarify not only the consumer protection laws in advance but also legal implications if the firm fails to meet any of them.

Political System & Stability, and its Impact on Bioco

Political System and Its Implications – Different political systems have different approach to free market and entrepreneurship. Managers need to assess these factors even before entering the market.

Freedom of Press is critical for fair trade and transparency. Countries where freedom of press is not prevalent there are high chances of both political and commercial corruption.

Corruption level – Pharmacy Monteagudo needs to assess the level of corruptions both at the official level and at the market level, even before entering a new market. To tackle the menace of corruption – a firm should have a clear SOP that provides managers at each level what to do when they encounter instances of either systematic corruption or bureaucrats looking to take bribes from the firm.

Independence of judiciary – It is critical for fair business practices. If a country doesn’t have independent judiciary then there is no point entry into such a country for business.

Government attitude towards trade unions – Different political systems and government have different attitude towards trade unions and collective bargaining. The firm needs to assess – its comfort dealing with the unions and regulations regarding unions in a given market or industry. If both are on the same page then it makes sense to enter, otherwise it doesn’t.

Economic Factors that Impact Bioco

Social Factors that Impact Bioco

Technological Factors that Impact Bioco

Environmental Factors that Impact Bioco

Legal Factors that Impact Bioco

Step 3 – Industry Specific Analysis

What is Porter Five Forces Analysis

PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in Bioco case study. PESTEL analysis of " Bioco" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.

Step 4 – SWOT Analysis / Internal Environment Analysis

Step 5 – Porter Value Chain / VRIO / VRIN Analysis

Step 6 – Evaluating Alternatives & Recommendations

Step 7 – Basis for Recommendations

References :: Bioco case study solution