TY - JOUR AB - Purpose of this paper–Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.Design/methodology/approach–This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.Findings–The major players within the pharmaceutical industry have long positioned themselves as global players. The economics behind it have been simple. The cost of drug discovery is immense and uncertain. The widest possible global sales are needed to recoup the investment, reinvest in the next generation of research and development, and make a decent profit.Practical implications–Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.Originality/value–The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format. VL - 22 IS - 1 SN - 0258-0543 DO - 10.1108/02580540610635852 UR - https://doi.org/10.1108/02580540610635852 PY - 2006 Y1 - 2006/01/01 TI - Pharma's global karma: Focus on Novartis, Pfizer and Ranbaxy T2 - Strategic Direction PB - Emerald Group Publishing Limited SP - 5 EP - 8 Y2 - 2024/04/24 ER -