Assessment Of The Healthcare Sector In India Business Essay - Free Essay Example

Sample details Pages: 6 Words: 1931 Downloads: 6 Date added: 2017/06/26 Category Medicine Essay Type Analytical essay Did you like this example? The Indian healthcare sector is expected to become a US$ 280 billion industry by 2020 with spending on health estimated to grow 14 per cent annually, according to a report by an industry body. Healthcare has emerged as one of the most progressive and largest service sectors in India with an expected GDP spend of 8 per cent by 2012 from 5.5 per cent in 2009. It is believed to be the next big thing after IT and predicted to become a US$ 280 billion industry by 2020, the report said. Don’t waste time! Our writers will create an original "Assessment Of The Healthcare Sector In India Business Essay" essay for you Create order At present the sector is estimated to be around US$ 40 billion and will grow to US$ 78.6 billion by 2012. As per a study by an industry body and Ernst Young, India would require another 1.75 million beds by the end of 2025. The public sector however is likely to contribute only around 15-20 per cent of the required US$ 86 billion investment. The corporate India is therefore, leveraging on this business potential and various health care brands have started aggressive expansion in the country. Some of the companies that plan to increase their footprints include Anil Ambanis Reliance Health, the Hindujas, Sahara Group, Emami, Apollo Tyres and the Panacea Group. Sahara Group is planning several healthcare projects such as a 200-bed multi-specialty tertiary care hospital at Gorakhpur in Uttar Pradesh, a 1,500-bed multi super-specialty, tertiary care hospital at Aamby Valley City and 30-bed multi-specialty secondary care hospitals across all the 217 Sahara City Homes Townships. Meanwhile, Artemis Health Sciences (AHS), a health care venture of the Apollo Tyres Group, is also planning to establish four to eight multi-specialty hospitals in Punjab, Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana over the next three years. The rural healthcare sector is also on an upsurge. The Rural Health Survey Report 2009, released by the Ministry of Health, stated that during the last five years rural health sector has been added with around 15,000 health sub-centers and 28,000 nurses and midwives. The report further stated that the number of primary health centers have increased by 84 per cent, taking the number to 20,107. The size of the Indian medical technology industry may touch US$ 14 billion by 2020 from US$ 2.7 billion in 2008 on account of strong economic growth, higher public spending and private investments in healthcare, increased penetration of health insurance and emergence of new models of healthcare delivery, according to a report Medical Tech nology in India: Enhancing Access to Healthcare through Innovation released by PwC and an industry body. Health Insurance The Indian health insurance market has emerged as a new and lucrative growth avenue for both the existing players as well as the new entrants. According to a latest research report Booming Health Insurance in India by research firm RNCOS released in April, 2010, the health insurance market represents one the fastest growing and second largest non-life insurance segment in the country. The Indian health insurance market has posted record growth in the last two fiscals (2008-09 and 2009-10). Moreover, as per the report, the health insurance premium is expected to grow at a CAGR of over 25 per cent for the period spanning from 2009-10 to 2013-14. Overview of the company Background of the company Piramal Healthcare Ltd, a Piramal Group company, is a globally integrated healthcare company that fulfills unmet medical needs across the world. It has a growth track record of above 29% CAGR since 1988. Piramal Healthcare had consolidated revenues of US$ 656 million in FY2009. PHL is currently ranked 4th in the Indian market with a diverse product portfolio spanning several therapeutic areas. It is also one of the largest custom manufacturing companies with a global footprint of assets across North America, Europe and Asia. At Piramal Healthcare, core values of Knowledge, Action and Care are propelled for improving the quality of lives by democratizing healthcare. Aim is to attain leadership in market share, innovation and profits by: Partnering the medical fraternity Building strong capabilities to deliver product and process innovations Attracting and developing the best in class talent ÂÂ  Nicholas Piramal India Limited is one of Indias largest companies with an unmatched record of managing JVs/Alliances/Partnerships, and a proven commitment to IPR. With strong brand management and sales capabilities, a US FDA site-approved plant for on-and-off patent APIs and Intermediates, Basic Research, Process Innovation, Custom Chemical Synthesis, Formulations RD, NDDS, and a world-class, accredited Clinical Research Organization, NPIL is poised to emerge as Indias pharma powerhouse. With growth fuelled through a strategy of partnerships, quality acquisitions, brand building, focused selling and manufacturing, NPILs consolidated net sales turnover was US$ 313 million (INR 14.1 billion) in 2005-06 (April to March). NPIL has emerged among the leaders in Indian pharma with a unique mix of inorganic and organic growth fuelled through a strategy of acquisitions, brand building and focused selling, and manufacturing. The company has one of the widest product portfolios in India, spanning nine key therapeutic areas, in cluding the Cardio-vascular, Neuro-psychiatry, Oncology, Diabetes Management, Respiratory, Anti-infective, Gastro-intestinal, Dermatology and NSAIDS. The company was formed when the Piramal Group acquired Nicholas Laboratories, a small formulations company in 1988 from Sara Lee. It has followed a multi-pronged strategy to integrate and maximize synergies with the planned acquisitions and develop and consolidate its major strength in marketing to therapeutic niches. Managed by a team of highly proficient industry professionals, NPILs key strengths come from its strong brand building, selling and distribution, manufacturing and alliance/partnership management skills. The last, especially, are quite unique in the Indian context few Indian Pharmaceutical have exhibited such a strong and consistent record in successfully and ethically managing JVs/Alliances and Partnerships as NPIL has. Its policy of respecting IPR and managing partnerships, in keeping with both the letter and the spirit of written agreements, has been widely respected and commended by its partners. NPIL is the flagship company of the Rs. 2500 crore (US $ 550 million) Piramal Enterprises (PEL), one of Indias largest diversified business houses. Establishing supply chain excellence Starting the Supply Chain Journey Piramal Healthcare Limited, one of Indias largest pharmaceutical companies, embarked on and ambitious mission to streamline its supply chain. The companys domestic formulations business was witnessing strong competition due to issues around lower brand loyalty and product differentiation. Piramal was also challenged by an increasingly complex supply chain and a rapid growth period. It required tools for handling geographical expansion and product diversification, new product launches and also ongoing cost pressures. Some of the core goals of this strategic initiative were: effective and accurate supply and demand management, proactive supply chain planning for the short and long term, reduction of working capital, improved customer service levels and more effective utilization of resources. Choosing the Tight Partner A rigorous selection process was undertaken by Piramal and after thorough analysis they selected the SAP Advanced Planning and Optimization (SAP APO) component. The key reason for selecting SAP APO was tight integration between planning, execution, and performance monitoring processes, also because of the applications robust, best practices- based fucntionality and ability for supporting growth. The decision was taken by them for implementing this functionality firstly fir supply network planning, production planning and detailed scheduling, and the global available-to-promise process. It chose Bristlecone as its implementation partner. Transforming the Business In the phase one, the project team members- comprising business users, IT staff, and Bristlecone consultants- worked together on setting up the key performance indicators(KPIs) that would monitor progress. This gave result to greater degree of ownership across the organization. Implementation of SAP APO was done using the ASAP methodology by the team thereby reengineering Piramals business processes- such as annual budgeting and ales and operations planning- in order to meet company requirements. One of the major challenges faced was linking of the complex processes involved in active pharmaceutical ingredients with formulations. Nonetheless, quick decision making by the senior level management along with the collaboration between Piramal and Bristlecone, helped in ensuring a swift and successful implantation. Other success factors included a strict sign-off policy for introducing enhancements and the involvement of cross-functional teams for ensuring data integrity. Also decisi on was made to implement standard SAP APO functionality in reducing customization costs. Tracking Success Establishing of a performance management system for the company supply chain using the SAP Net Weaver Business Warehouse Component was another aspect of Piramals transformation. The team also developed a very strong framework of KPIs which included a mix of lead and lag indicators and qualitative and quantitative measurements. Also a KPI diagnostic tree was designed so that Piramal could analyze and conduct root cause analysis for eliminating inefficiency and for ensuring continuous improvement Siddhartha Pahwa, President of supply chain and trade management for domestic formulations at Piramal, confirmed that with SAP APO they have integrated all the planning processes which enabled in lead time reduction. And that they also expect to improve further in customer service, cost optimization, and the cash-to-cash cycle. Future Already benefits are being experienced by the pharmaceutical company. The company is enjoying the enhanced visibility of its supply chain end to end which has enabled them to react more quickly to demand along with other measurable KPIs like customer service levels, raw material and finished goods inventory. Still the transformation of supply chain is a continuous process for Piramal. Since presently it has a core SAP business software running in the Indian, UK, and Canadian sites, Piramal plans to follow up its successful implantation of SAP APO at the Indian sites with a full global rollout. Future of ERP systems in healthcare sector Conclusion Piramal Healthcare limited is one of Indias largest pharmaceutical companies. Due to its immense distribution network in multiple geographies and 12 manufacturing facilities in India, the United Kingdom, and North America, Piramal needs the right IT for supporting its complex supply chain processes and continued growth while keeping costs down. The solution: the SAP Advanced Planning Optimization component. Key challenges Some of the key challenges faced by the company were as follows: Elimination of multiple legacy systems Elimination of manual planning processes and dependency on spreadsheets- for accelerating planning cycles and response times Improving data accuracy and completeness Accommodating a complex supply chain Streamline of processes for contact research and manufacturing services. Improve ability for meeting increasing and changing customer expectations and demands. Why SAP was selected For selecting SAP as a system following are the reasons: Robust, best-in-class, integrated IT meeting core business as well as industry-specific needs Tight integration between planning, execution and performance monitoring processes Simplification of the IT landscape SAPs market leadership and commitment to the pharmaceutical industry Implementation of Best Practices The implementation steps included the following: Detailed tracking of implementing progress using key performance indicators Alignment of business objectives with IT Use of ASAP methodology during business blueprint, testing, integration and operational phases. Strict sign-off policy for introducing enhancements Involvement of cross-functional teams to define data integrity and master data management strategy Low Cost of Ownership Simplification f existing IT landscape, enabling the IT team to work more efficiently On-time, within budget project Elimination of high-maintenance legacy application, improving productivity of IT personnel Tightly managed, well-defined project scope Financial and Strategic Benefits Implementing good practices led to many befits both financially as well as strategically. They are as follows: Greater visibility or order and fulfillment data Elimination of redundant data Greater ability to react to changes in demand Streamlined supply chain processes Common platform for collaborative forecasting Operational Benefits Out of the many benefits obtained by its implantation it also included operational benefits which are illustrated below Key Performance Indicator Impact Available-to-promise process Manual to automated Raw material inventory -15% to -20% Finished goods inventory -15% Planning process From macro (groups equipment) to micro level( single piece of equipment)

Industrialization In China Began In 1949 When The Communist

Industrialization in China began in 1949 when the Communist party took power. Ever since, the rapid economic growth of China has overshadowed the violations of human rights. China is a very powerful country that has a direct relationship between its economic growth and human rights abuse. Although others may argue on the positive aspects of industrialization such as creation of wealth, in this paper I argue that the industrialization in China has done more harm than good because it has particularly led to extremely harsh labor conditions within the factory system. The year 1949 is often called the â€Å"great historical watershed from old to new China.† This is when the Chinese Communist Party won the two month long civil war against the†¦show more content†¦Although, China is a great economical world power today, it is not due to The Great Leap Forward. The Great Leap Forward was a giant step backward and is considered the worst famine in human history with an  "estimated 30 million people perished between 1959 and 1962†. The overwhelming desire to industrialize backfired, but became the beginning of human rights abuse caused by harsh labor conditions. In order to fund industrial programs, â€Å"the Party would use profits from the agricultural sector, therefore the first priority was to increase agricultural output. That in turn, meant full-fledged mechanization.† To achieve full-fledged mechanization, thousands of male peasants were transferred to industrial work. They left the farm work for the women and the children. For example, in 1958 â€Å"the [Henan] province allocated 1.604 billion yuan to construction projects† and Wu Zhipu, the Chinese Communist Party governor of Henan, â€Å"crowed that ‘by the end of August, the province will have built or expanded 378,000 factories and mines of all kinds,’† which proved to be true when â€Å"workers employed in the province’s state-owned enterp rises more than doubled in number from 1957.† These workers were not only starved due to the mass starvation, but ridiculed with harsh government policies. â€Å"Anyone who aroused the wrath of a leader could beShow MoreRelatedEssay on Mao Zedong and the Chinese Revolution1583 Words   |  7 PagesIn 1949 a powerful communist leader by the name of Mao Zedong came to power based on his idea for a, â€Å"Great Leap Forward.† This idea was meant to bring China’s economy into the twentieth century. He had assembled a revolutionary government using traditional Chinese ideals of filial piety, harmony, and order. Maos cult of personality, party purges, and political policies reflect Maos esteem of these traditional Chinese ideals and history. However, the product of this revolution created a massiveRead MoreSoviet Revolutions And The Soviet Revolution1194 Words   |  5 Pagesthese revolutions, Russia and China stand out among them all. These two countries were the f irst two to fall to communist revolutions. Communists focused on eliminating class systems and creating a society where property is publicly owned and everyone is paid according to their abilities. Communists believed that this type of society would be better for all people. This ideal society was radically different from the one that existed in Russia and China. However, communists were able to conduct a successfulRead MoreThe Rise Of The Chinese Economy1441 Words   |  6 PagesOne such location is China, which experienced a major shift from a society revolved around independent sustenance in the agricultural industry into a society revolved around socialism, direct funding for the Chinese government through the Chinese people, and the mass-production of goods with high demand in the global market by co-operatives. Of course, the changes in the workings of the Chinese economy developed from the changes in the politics of China. On the 1st of October 1949, The People’s Repu blicRead MoreThe Leadership Of Zedong And The Communist Revolution Essay1367 Words   |  6 Pagesearly 21st century is attributed to the leadership of Mao Zedong and the Communist Revolution. The growing influence of Western Nations. Chairman Mao and the Communist Party evolved China from an agrarian society to an industrialized nation a short time span through social programs like the Great Leap Forward and Five Year Plan eventually resulting in a Cultural Revolution. Dissatisfaction with the Chinese government began in the 19th century. The Qing dynasty, lasting from 1644-1912 resilientlyRead MoreIndustrialization Of Industrialization And Industrialization Essay1693 Words   |  7 PagesIndustrialization is a starting point for many of the technologies and factories around and exists today, despite the negative influences of the industrialization, people gained many benefits from it too. For example, because of the industrialization workers are more efficient producing goods and products, also industrialization helped many people walked out of the countryside which broadens their perspectives. For many countries, industrialization is a voluntary movement within the country, butRead MoreThe Revolution : A Public Seizure Of The State Essay1616 Words   |  7 Pagesoverthrown and for a republic to be formed. With the concept of a revolution in mind, both the 1949 Chinese revolution and the 1979 Iranian revolution will be compared and analyzed to s ee if they fit the description of a revolution and if so what attributes make them so. First off, the Chinese revolution which occurred in 1949 was the basis of how communism rose to become the predominant form of government in China but the premise of it was the fact that socialist state would have the working class asRead MoreMao Zedong1741 Words   |  7 Pagesmust come from the masses and go to the masses.† What was Mao’s philosophy of how to lead a revolution, before and after 1949? Initially a radical revolutionary then a committed Marxist, Mao’s philosophy on how to lead a revolution was bathed in Nationalism. It is Mao’s love for China’s independence coupled with agrarian reforms that put Mao on the road to power. After 1949, Nationalism would reappear in Mao’s cultural policies, his relationship with Moscow and underdeveloped countries. MaoRead MoreEssay Some Effects of The Cold War1293 Words   |  6 PagesNearly 70 years ago, when the Soviet Union reigned in Europe along with the US, they were still in relative peace with the other world power. In fact, the â€Å"Big Three,† American President Franklin D. Roosevelt, Soviet Premier Josef Stalin, and British Prime Minister Winston Churchill had frequent meetings to discuss strategy and happenings in Europe at the time. Allies they had been, but then something changed though, and growing tensions forced the powers to drift apart. Eventually, it led to theRead MoreThe Relationship Between the Communist/Socialist Movements and the Liberation Movements1315 Words   |  6 PagesCommunist/socialist movements played a vital role in the development of liberation movements. Throughout most of Asia and Africa the communist/socialist sphere of influence grew to amass approximately a third of the worlds population. Engulfing many nations on the cusp of their independen ce. The relationship between the communist/socialist movements and liberation movements was based on an acting factor that enabled the movement to succeed because of the communist/socialist influence over the factorRead MoreThe Cold War And The Soviet Union Essay1400 Words   |  6 Pages The Cold War began as the World War II ended. This war ended two remaining superpowers, the United States of America and the Soviet Union. Harry S Truman and Soviet premier Joseph Stalin founds themselves on polarized sides of post war, one denounced communism while the other denounced capitalism. Stalin supported pro-Soviet communist governments in Eastern Europe and he wanted to ensure the USSR was protected from future German invasions. Truman’s plans were very different

Compare And Contrast The Articles Of Confederation And The Constitution Essay Example For Students

Compare And Contrast The Articles Of Confederation And The Constitution Essay The Constitution of the United States was written as a set of rules forthis country. Many of the rules have helped the country stay in order, but agreat many have been abused and taken out of context. Three provisions in theConstitution that are important to my individual rights and liberties arefreedom of speech, freedom to vote, and that all people should be treatedequally. These rights represent what is important to me and what I believe in. Freedom of speech is an important right to me. It is found under Amendment oneof the Constitution. I am a very outspoken person and I like to speak my mind onissues of all kind. The country I was born in did not guarantee freedom ofspeech. People could be arrested or even killed for expressing their opinion. As adopted, the articles provided only for a firm league offriendship in which each of the 13 states expressly held itssovereignty, freedom, and independence. The People ofeach state were given equal privileges and rights, freedom ofmovement was guaranteed, and procedures for the trials ofaccused criminals were outlined. The articles established anational legislature called the Congress, consisting of two toseven delegates from each state; each state had one vote,according to its size or population. No executive or judicialbranches were provided for. Congress was charged withresponsibility for conducting foreign relations, declaring waror peace, maintaining an army and navy, settling boundarydisputes, establishing and maintaining a postal service, andvarious lesser functions. Some of these responsibilities wereshared with the states, and in one way or another Congresswas dependent upon the cooperation of the states forcarrying out any of them. Four visible weaknesses of thearticles, apart from those of organization, made it impossiblefor Congress to execute its constitutional duties. These wereanalyzed in numbers 15-22 of The FEDERALIST, thepolitical essays in which Alexander Hamilton, JamesMadison, and John Jay argued the case for the U.S. CONSTITUTION of 1787. The first weakness was thatCongress could legislate only for states, not for individuals;because of this it could not enforce legislation. Second,Congress had no power to tax. Instead, it was to assess itsexpenses and divide those among the states on the basis ofthe value of land. States were then to tax their own citizensto raise the money for these expenses and turn the proceedsover to Congress. They could not be forced to do so, and inpractice they rarely met their obligations. Third, Congresslacked the power to control commercewithout its powerto conduct foreign relations was not necessary, since mosttreaties except those of peace were concerned mainly withtrade. The fourth weakness ensured the demise of theConfederation by making it too difficult to correct the firstthree. Amendments could have corrected any of theweaknesses, but amendments required approval by all 13state legislatures. None of the several amendments that wereproposed met that requirement. On the days fromSeptember 11, 1786 to September 14, 1786, New Jersey,Delaware, Pennsylvania, and Virginia had a meeting of theredelegates at the Annapolis Convention. Too few states wererepresented to carry out the original purpose of themeetingto discuss the regulation of interstatecommercebut there was a larger topic at question,specifically, the weakness of the Articles of Confederation. Alexander Hamilton successfully proposed that the states beinvited to send delegates to Philadelphia to render theconstitution of the Federal Government adequate to theexigencies of the Union. As a result, the ConstitutionalConvention was held in May 1787. The ConstitutionalConvention, which wrote the Constitution of the UnitedStates, was held in Philadelphia on May 25, 1787. It wascalled by the Continental Congress and several states inresponse to the expected bankruptcy of Congress and asense of panic arising from an armed revoltShayssRebellionin New England. The conventions assigned job,following proposals made at the Annapolis Convention theprevious September, was to create amendments to theArticles of Confederation. The delegates, however,immediately started writing a new constitution. Fifty-fivedelegates representing 12 states attended at least part of thesessions. Thirty-four of them were lawyers; most of theothers were planters or merchants. Although GeorgeWashington, who pre sided, was 55, and John Dickinsonwas 54, Benjamin Franklin 81, and Roger Shermen 66,most of the delegates were young men in their 20s and 30s. .ueb79b1f75568aeb3ec974d57cbe911b5 , .ueb79b1f75568aeb3ec974d57cbe911b5 .postImageUrl , .ueb79b1f75568aeb3ec974d57cbe911b5 .centered-text-area { min-height: 80px; position: relative; } .ueb79b1f75568aeb3ec974d57cbe911b5 , .ueb79b1f75568aeb3ec974d57cbe911b5:hover , .ueb79b1f75568aeb3ec974d57cbe911b5:visited , .ueb79b1f75568aeb3ec974d57cbe911b5:active { border:0!important; } .ueb79b1f75568aeb3ec974d57cbe911b5 .clearfix:after { content: ""; display: table; clear: both; } .ueb79b1f75568aeb3ec974d57cbe911b5 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ueb79b1f75568aeb3ec974d57cbe911b5:active , .ueb79b1f75568aeb3ec974d57cbe911b5:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ueb79b1f75568aeb3ec974d57cbe911b5 .centered-text-area { width: 100%; position: relative ; } .ueb79b1f75568aeb3ec974d57cbe911b5 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ueb79b1f75568aeb3ec974d57cbe911b5 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ueb79b1f75568aeb3ec974d57cbe911b5 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ueb79b1f75568aeb3ec974d57cbe911b5:hover .ctaButton { background-color: #34495E!important; } .ueb79b1f75568aeb3ec974d57cbe911b5 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ueb79b1f75568aeb3ec974d57cbe911b5 .ueb79b1f75568aeb3ec974d57cbe911b5-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ueb79b1f75568aeb3ec974d57cbe911b5:after { content: ""; display: block; clear: both; } READ: Gathering of Old Men EssayNoticeable absent were the revolutionary leaders of theeffort for independence in 1775-76, such as John Adams,Patrick Henry, and Thomas Jefferson. The delegatesknowledge concerning government, both ideal and practical,made the convention perhaps the most intelligent suchgathering ever assembled. On September 17 theConstitution was signed by 39 of the 42 delegates present. A period of national argument followed, during which thecase for support of the constitution was strongly presented inthe FEDERALIST essays of Alexander Hamilton, John Jay,and James Madison. The last of the 13 states to ratify theConstitution was Rhode Island on May 29, 1790. BIBLIOGRAPHYCategory: History