Our paper examines one of the key aspects of the organizational economics -the factors of economic success and sustainability of the pharmaceutical small and medium enterprises (SMEs) in India. Indian pharmaceutical industry is known for its high fragmentation and weak generic based R&D initiatives. The study uses inflation adjusted cross section data for 20 SMEs in the year 2013-2014 and applies OLS regression model with robust standard errors. It has found that exports, R&D expenditure, and previous year profits have exercised positive impact on SMEs' growth. The negative, yet statistically significant influence of advertising and marketing expenditure highlights the need to rethink about strategic management policies of SMEs. Our results suggest that SMEs are required to pay more attention towards the global market expansion and value creation through R&D investment, as a part of their long-term growth and survival strategy.
Research in changes to the institutional environment has set a scientific problem of a balance between consequences from such changes and a need to sort out differences across imperfect standards and regulations. Approaches to solve the abovementioned issue are not the same. In a review of scientific papers, we present an original view of scientists, who are committed to the Russian academic tradition. To clarify this, the paper summarizes theories on the efficiency of economic agents and institutions. The paper also demonstrates ambiguity in approaches to a definition of efficiency conditions. It justifies factors of an increase or a decrease in transaction costs in a horizontal and vertical institutional expansion, as well as a change to the transformational function. In the course of the research, existing saturation and sparsity as features of the institutional environment are discussed.
Nowadays it becomes highly urgent to promote educational services of a higher educational institution since its specialization is of great importance for the economy of a province. This is especially true for the oil and gas university, which trains specialists for oil and gas industry, i.e
identifying the main alternative in the formulation and resolution of administrative tasks on issues of quality management in higher education in the regional higher educational institution by means of new automated information technologies; by choosing the most effective ones and introducing the results of the management into the real life practice of modern society. The authors suggest their version of use of the new technology of pattern recognition in the formulation and solution of the problem of increase in quality of education in the regional higher educational institution and in the creation of informational sociological proving grounds as an informational base when carrying out the experiment with the quality of education in virtualspace.
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