Open this publication in new window or tab >>2024 (English)Conference paper, Oral presentation only (Refereed)
Abstract [en]
Purpose: This study examines the challenges that multinational enterprises (MNEs) in the life sciences industry face during international product launches. The focus is on understanding the barriers MNEs encounter in various national contexts and aims to explore how institutional environments shape the product launch process and the strategies MNEs use to gain acceptance across different markets.
Design/methodology/approach: A case study approach is used, with 20 interviews with key employees from multiple sites and countries within one MNE involved in launching new products. The interviews were recorded, transcribed, and supplemented by internal documents.
Findings: The study develops a framework that summarizes key factors influencing the launch process, including pricing, dynamic capabilities, brand awareness, and regulatory compliance. A typology is created to categorize markets into four distinct quadrants based on brand awareness and price sensitivity levels
Originality: This research contributes to the literature by integrating theories of legitimation and institutional influence with the process of new product launches. It offers a framework for understanding the dynamic factors at play and proposes a typology that focus on the complexities of launching products across different market contexts, particularly in the heavily regulated life sciences sector.
Keywords
Product launch, legitimation strategies, life sciences industry, typology
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-54884 (URN)
Conference
European Academy of Management (EURAM) 2024, Bath, UK,25-28 June, 2024
Projects
LNETN project
Note
This project received funding from the European Union’s Horizon 2020 Research and Innovation Programme under the Marie Skłodowska-Curie grant agreement No 860364. This communication reflects only the authors’ view, and the agency is not responsible for any use that may be made of the information it contains.
2024-11-142024-11-142024-11-19Bibliographically approved