Categories: SWOT Analysis

Eli Lilly and Company SWOT Analysis

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p align&equals;"justify">Eli Lilly and company were founded in 1876 and were established by a chemist&comma; Eli lily&period; It was his name after which the company was ultimately titled&period; Eli lily is a worldwide famous pharmaceutical company and is headquartered in Indianapolis&comma; Indiana&period; It operates in 17 other countries too&comma; having offices and manufacturing plants their&comma; but has a wide distribution chain covering almost a 125 countries&period; It is honored to have the status of being able to develop first human insulin using the DNA recombinant technology and currently it is the largest manufacturer and seller of psychiatric medicines&period; In 2010&comma; it generated revenue of almost &dollar;23 billions&period; Presently&comma; it employs around 38&comma;500 people from across the globe&period; It also had the honor of being among the fortune 500&comma; ranking 148th company amongst other US businesses&period;&&num;160&semi; <&sol;p>&NewLine;<h3>Eli Lily and Company Strengths<&sol;h3>&NewLine;<p align&equals;"justify">Probably the biggest strength of Eli lily is its global presence&period; By operating in so many countries&comma; it has become widely recognized and famous company and controls a hefty amount of market share&period; <&sol;p>&NewLine;<p align&equals;"justify">The employee and management team are very strong&period; Native employees from different areas are employed so that they could better understand local demands and produce accordingly&period; <&sol;p>&NewLine;<p align&equals;"justify">Furthermore&comma; Eli lily uses extremely technological machines for the manufacture of medicines and its products are known to be highly standardized&period; Nevertheless&comma; its medicines have always had good reports and feedbacks&period; The EPS &lpar;Earning per Share&rpar; of the company also increased significantly and is now &dollar;3&period;53 per share&period; &lbrack;sky&rsqb;<&sol;p>&NewLine;<h3>Eli Lily and Company Weaknesses <&sol;h3>&NewLine;<p align&equals;"justify">Being a well known medicine producer&comma; it is unique and alone in manufacturing some of the drugs&period; Lately&comma; storage problems&comma; medicine rots and distribution losses convinced the company to discontinue some medicine production&period; One of those medicines was Alzheimer’s late stage drug&period; Discontinuing such medicines had two adverse effects&period; Firstly&comma; the company lost market share for that medicine and secondly&comma; its worldwide demand and revenue minimized&period; <&sol;p>&NewLine;<p align&equals;"justify">Although there is a huge demand for its medicines in developing countries like India&comma; Pakistan&comma; Bangladesh&comma; it is still reluctant to invest&comma; expand and diversify into the expanding markets of these countries&period; <&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<h3>Opportunities for Eli Lily and Company<&sol;h3>&NewLine;<p align&equals;"justify">Consequently&comma; the new emerging markets in the developing countries are the best opportunities for Eli lily to grow&period; Furthermore&comma; its introduction of new medicines for curing diabetes and newly found diseases can benefit it and increase the demand for its medicines&comma; thereby leaving it in a strong position&period; It can also diversify in to manufacturing latest pharmaceutical equipment like robot surgeons or blood pressure checker&comma; etc&period; It can invest more into the R&amp&semi;D department so that it can focus on being more standardized&period; <&sol;p>&NewLine;<h3>Threats for Eli lily and Company<&sol;h3>&NewLine;<p align&equals;"justify">Slight growth in market share of competitors like AstraZeneca and Pfizer can put it into trouble&period; Also&comma; the price of its pharmaceutical outputs is higher as compared to other manufacturers&period; An Economic recession in the world may cause people to turn to alternates who offer medicines in lower prices than Eli lily does&period; This is perhaps the greatest threat that it may face in the short run&period; <&sol;p>&NewLine;<h3>References<&sol;h3>&NewLine;<p align&equals;"justify">Eli lily SWOT analysis&comma; by Adam&period; Retrieved from&colon; <br &sol;>http&colon;&sol;&sol;www&period;freeswotanalysis&period;com&sol;health-pharmaceutical-swot&sol;186-eli-lilly-swot-analysis&period;html<&sol;p>&NewLine;<p align&equals;"justify">SWOT analysis on Eli lily and Company&period; Retrieved from&colon; <br &sol;>http&colon;&sol;&sol;www&period;managementparadise&period;com&sol;forums&sol;principles-management-p-o-m&sol;208457-swot-analysis-eli-lilly-company&period;html<&sol;p>&NewLine;<p align&equals;"justify">Eli lily and Company&period; Retrieved from&colon; <br &sol;>http&colon;&sol;&sol;en&period;wikipedia&period;org&sol;wiki&sol;Eli&lowbar;Lilly&lowbar;and&lowbar;Company<&sol;p>&NewLine;<p align&equals;"justify">Lilly&period; Retrieved from&colon; <br &sol;>http&colon;&sol;&sol;www&period;lilly&period;com&sol;about&sol;Pages&sol;default&period;aspx&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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