The Business Plan For Actavis Plc - 1413 Words

Actavis PLC is an international business, with generic and brand named pharmaceuticals. This pharmaceutical company is involved in the manufacturing, development, sale, distribution, and marketing of these products (Actavis, 2015). Actavis base operations is located in Dublin, Ireland. When creating a business and developing a strategic plan it is important to start with a solid base. The mission, vision, and values of the business forms this base that leads a business to make future business decisions for the business. Organizational strategic direction is defined in relationship to identify and meet the customer’s needs. The importance of role of values is achieving a competitive advantage. The business plan for Actavis PLC is to improve the research and development division. The research and development division works on frequent breakthroughs of new products that are directed at improving the lives of the population. The RD division strategy will focus on the following product development areas: †¢ Off-patent drugs that may be difficult to manufacture or develop. †¢ The development of drug delivery technologies. †¢ Use technologies to develop new products in-house. 1.1 Executive Summary Watson Pharmaceuticals acquired Actavis Group in 2012. This acquisition is assumed to make Watson Pharmaceuticals the third largest global generics company with estimated revenues of $8 billion (Biosimilar News, 2012). Following the acquisition, Watson Pharmaceuticals adopted theShow MoreRelatedPest Analysis of an Educational Institution19905 Words   |  80 PagesTask 1 Anon (2011) Actavis Pharma: â€Å"Company Profile† [Online] available on http://www.actavis.com/NR/rdonlyres/531352E2-50BE-4485-ADC5-052DBE111BA9/0/Actavis_Company_Profile_FEB_2013.pdf - Accessed 11 March 2013 Anon (2008) Banif Bank: â€Å"Banif Bank (Malta) plc† [Online] available on http://www.banif.com.mt/banif_bank_plc - Accessed 11 March 2013 Anon (2011) Tipico: â€Å"The Company† [Online] available on https://www.tipico.com/en/company/ - Accessed 11 March 2013 (2010) TimesofMalta