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Introduction Of Astrazeneca Services Case Study

AstraZeneca is a biopharmaceutical company with its global headquarters in the United Kingdom. Its research, development, and commercialization activities span all continents. The business has offices throughout over a hundred nations, although its headquarters are in Cambridge, UK. Oncology, cardiovascular, renal, and metabolism, as well as respiratory and autoimmune, are three of the therapeutic specialities of the pharmaceutical corporation AstraZeneca. R&D for new treatments such as biologics, gene therapy, and regenerative medicine receives much attention at AstraZeneca.

Introduction Of Astrazeneca Services Case Study

Vision and Mission Statement of AstraZeneca

Vision: A science-driven, international biopharmaceutical company with a vision to develop patients' access to transformative medicines.
Mission: To improve the lives of employees, partners, and society by achieving sustainable growth and creating shared value. To make a meaningful difference in patient's lives by providing life-changing medicines.

Vision and Mission Statement of AstraZeneca

Saudi Aramco Inc. Situation Analysis

The world's biggest publicly traded oil and gas company is Saudi Aramco. The oil behemoth has aided Saudi Arabia's development. In addition to transitioning to cleaner energy sources, Saudi Aramco is dealing with declining oil prices and increased US and Russian rivalry. To compete, Saudi Aramco needs to make R&D investments, expand into new markets, and develop new technologies. Aside from investing in sustainable energy infrastructure, the corporation must also adapt to changing market conditions. Protecting the environment and safety must also come first for Saudi Aramco and its stakeholders. The company needs to concentrate on its public image because its brand is significant. The fulfilment of its social obligations is necessary for its long-term prosperity.

Industry Structure and Economic Feature

The organizational design of AstraZeneca is decentralized to boost the efficiency of its international operations. The corporation is divided into business units concentrating on several therapeutic fields, including respiratory, gastrointestinal, and cardiovascular conditions. Then, regions are created out of each business unit, with each area focusing on a specific country.
An important position in the global biopharmaceutical market is one of AstraZeneca's economic strengths. It is a top-ten pharmaceutical company and a pioneer in creating and producing cutting-edge drugs. AstraZeneca has a diversified product portfolio with a vast selection of medications created to treat various disorders. An intense research and development pipeline and a solid financial position are also assets of the organization.
AstraZeneca Strategies 
Business Level Strategies
Cost Leadership Strategy: AstraZeneca can use the cost leadership strategy to lower prices and costs to expand its market share and boost profits.
Differentiation Strategy: To differentiate itself from the competition, AstraZeneca can use this strategy to develop distinctive goods or services.
Focus Strategy: With this strategy, AstraZeneca might focus on a particular market sector or industry.
Corporate Level Strategies
Acquisitions and Mergers: AstraZeneca can utilize this tactic to increase its market share globally by purchasing or joining forces with other businesses.
Joint ventures: AstraZeneca can use this strategy to form associations with other businesses to pool resources and knowledge.
Divestiture: To strengthen its ability to concentrate on its core business and cut expenses, AstraZeneca can focus on divesting non-core businesses.

Competitive Analysis and Advantage in the industry

Competitive Analysis: Pfizer, Merck, GlaxoSmithKline, and Novartis are just a few of the other big pharmaceutical firms that AstraZeneca must contend with. They all have their own research and development facilities and a significant market presence. The businesses on the above list both produce various goods and work on developing new pharmaceuticals. Each of them has a robust pipeline of new goods and is actively investing in research and development.
The advantage in the Industry: AstraZeneca enjoys various benefits compared to its rivals. Its great capacity for research and development is one of its main advantages. In recent years, the corporation has made significant investments in R&D and has several cutting-edge programmes and facilities in operation.

SWOT Analysis

Strengths
1.    High-quality research and development skills.
2.    Geographically extensive presence
3.    Impressive financial results.
4.    Product portfolio diversification
Weaknesses 
1.    Research and development expenses are costly.
2.    Reliance on a small number of essential products for a sizable portion of revenue
3.    The pharmaceutical sector is undergoing structural changes.
Opportunities 
1.    Emerging market expansion
2.    Increase in product offerings through partnerships and acquisitions.
3.    They are utilizing resources for research and development to create new medications.
Threats
1.    Pressure on prices and regulations is rising.
2.    Essential product patents are about to expire.
3.    The rise of competition in the medical industry.

PESTLE Analysis

Political: The governments of AstraZeneca's operational nations have a significant impact on the global healthcare industry, which regulates the company. The political environment impacts tariffs, taxes, healthcare, and trade.
Economic: Factors including consumer spending, inflation, and currency exchange rates impact AstraZeneca. The company's R&D costs are affected by labour and material availability.
Social: Depending on the corporation's countries, AstraZeneca has different social ideals and trends. Meeting the needs of various groups and evolving client demands are challenges for the business.
Technology: AstraZeneca is reliant on technology to develop cutting-edge medications and treatments. The company needs to stay on top of technological advancements in the pharmaceutical industry and research and development.
Legal: The rules and legislation that apply in the countries where AstraZeneca conducts business apply to the company. The company must abide by regulations governing intellectual property, product safety, and the pharmaceutical industry.
Environmental: Sustainability and minimizing its environmental impact are essential to AstraZeneca. The business has tried to reduce resource waste, carbon emissions, and other waste.

Target Market Analysis 

Demographic Characteristics of the Target Market: AstraZeneca targets those with chronic illnesses who need ongoing medical care and are between 18 and 65. AstraZeneca's target market includes oncologists, cardiologists, respiratory specialists, gastroenterologists, diabetologists, and researchers studying infectious diseases.
Psychological Characteristics of the Target Market: The target market for AstraZeneca needs innovative treatments and medications to raise the standard of living for patients with chronic illnesses. Customers might also be interested in learning about medical advancements.
Target Market Behaviors: The target market for AstraZeneca can be very involved in medical research and emphasize having access to the most current therapies and medications. They might also be drawn to innovative medical treatments that enhance outcomes and quality of life.
Strategies:  To reach its target market, AstraZeneca employs various strategies, including digital marketing, direct-to-consumer advertising, and partnerships with healthcare professionals. The business also produces informative, inspirational, and motivational material for its target audience.
Marketing Mix of AstraZeneca 
Product Strategy (Product Mix): Pharmaceuticals, biopharmaceuticals, and consumer health goods are all part of AstraZeneca's product mix. Medicines for various ailments, such as cardiovascular and respiratory diseases, diabetes, cancer, and infectious diseases, are included in the company's pharmaceutical portfolio. Gene treatments, vaccines, and monoclonal antibodies are all part of its portfolio of biopharmaceuticals. Analgesics, vitamins, minerals, and dietary supplements are just a few of the company's over-the-counter (OTC) goods in its consumer health portfolio.
Price Strategy: AstraZeneca has chosen to base its pricing on the value provided to its consumers and the cost of providing its goods and services. The company's pricing plan is intended to ensure that it can produce enough income to pay its manufacturing costs and research and development operations while remaining competitive in the market.
Promotional/Advertising Strategy: To reach its target audience and build brand awareness, AstraZeneca employs various promotional and advertising methods. The business uses conventional forms of advertising, including print, radio, and television. AstraZeneca also operates digital marketing strategies like email marketing, social media advertising, and search engine marketing.

AstraZeneca Competitive Analysis

4Ps' competition comparisons: AstraZeneca offers products for various markets in the pharmaceutical, biologic, diagnostic, and medical device sectors. The corporation sets competitive rates for its goods while emphasizing value and cost-effectiveness. Through its own sales force and other distributors, AstraZeneca distributes its products. The corporation also uses PR, advertising, and digital marketing strategies.
Product: Drugs produced by AstraZeneca are used to treat various illnesses, including cancer, diabetes, respiratory illness, cardiovascular disease, and infectious disorders. Additionally, the business offers diagnostics, medical devices, and vaccines. The focus of the organization is on cost-effectiveness and product quality.
Price: AstraZeneca's products are reasonably priced compared to those of its rivals, with a focus on quality and economy. The business provides both full-price products and exclusive patient group discounts.
Place: AstraZeneca's sales team collaborates with outside distributors to create a sizable distribution network. The organization also provides services to markets in the US and abroad.
Promotion: Advertising, public relations, and online marketing are all methods of advertisement used by AstraZeneca. The business supports several medical conferences and activities.
Strengths compared to competitors: AstraZeneca invests much in R&D and has an extensive portfolio of cutting-edge drugs. The company is well-known domestically and overseas and has a sizable distribution network. The business also has a strong brand, which aids in the execution of profitable promotions.
Weaknesses compared to competitors: Comparatively speaking, AstraZeneca's medications don't always have affordable prices. The highly competitive and ever-evolving pharmaceutical industry makes it challenging for the company to produce new products.
Organization's Competitive Advantage: AstraZeneca's competitive advantage stems from its vast distribution network, intense emphasis on research and development, and presence in domestic and international markets. The company's strong brand makes successful promotional initiatives possible. AstraZeneca additionally offers premium goods that are reasonably priced.
Key success factors
Product portfolio diversification: AstraZeneca offers a product portfolio that is both broad and diverse, offering a variety of medications to address conditions like cancer, cardiovascular illness, and respiratory disease. Due to this, the business has been able to compete in a market with intense competition.
Innovative and cutting-edge research & development: AstraZeneca places a high priority on research and development, which has allowed us to create innovative therapies for several ailments. This has historically been crucial to the company's success and is expected to continue.

Financial Analysis

Liquidity Ratios: AstraZeneca's current ratio increased to 0.81 in 2022 from 1.16 in 2021. This implies that the corporation has enough liquid assets to pay its immediate liabilities. Additionally, the quick ratio increased from 0.61 in 2022 to 0.67 in 2020, showing that the business has sufficient liquid assets to meet its current liabilities.
Asset Management Ratios: In 2021, the company's total asset turnover ratio was 0.36. In 2022, it was 0.59. This shows that the business is effectively using its resources to produce money. Additionally, from 0.36 in 2019 to 0.49 in 2022, the fixed asset turnover ratio grew, showing that the business effectively leverages its fixed assets to produce sales.
Debt Management Ratios: The debt-to-equity ratio for AstraZeneca dropped from 0.80 in 2021 to 0.65 in 2022. According to this, the corporation may be less leveraged now than it was the year before. The company's interest coverage ratio also went up, from 4.08 in 2021 to 4.16 in 2022, showing that it can meet its interest obligations.
Profitability Ratios: In 2022, AstraZeneca's return on assets fell from 15.3% in 2021 to 13.9%. This shows that less profit is being made from the company's assets than the prior year. The return on equity also fell from 29.40% in 2021 to 18.46 in 2022, demonstrating that the business is not as profitable as it was the year before.
Overall, AstraZeneca's financial performance has declined compared to the prior year. The ratios measuring the company's liquidity, asset management, and debt management have all fallen, and the measures measuring its profitability have also decreased. This implies that the business must enhance its financial performance to maintain its competitiveness.

Problems and Issues in AstraZeneca Organization

Drug Pipeline: The lengthy and highly regulated drug development and approval processes have caused AstraZeneca to delay many pipeline prospects. The company saw a revenue decline and reduced R&D.
Pricing Pressure: AstraZeneca is under pressure from rivals, authorities, and other parties to reduce the price of its medications. To remain competitive, the company has sacrificed profits.
Cybersecurity: Since AstraZeneca relies on technology, it is susceptible to online threats. Data breaches could be detrimental to the company.

Conclusion Astrazeneca Case Study Analysis

AstraZeneca is a prime example of a major pharmaceutical organization with a long history of dedication to innovation and patient-centred care. One of the most prosperous pharmaceutical firms in the world, it has achieved success via its commitment to research and development and to create new technologies and cures for diseases that touch everyone, regardless of geographic boundaries. The company's wide range of goods and services and sound financial standing have made it possible to keep investing in R&D, which is crucial for keeping one step ahead of the competition.

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