Title :
Environmental responsibility and biopharmaceutical companies: Developing a competitive strategy
Author :
Li, Wei ; Yu, Ruixiang
Author_Institution :
Sch. of Econ. & Manage., China Univ. of Geosci., Wuhan, China
Abstract :
Corporate environmental responsibility (CER) is now on the corporate and political agenda in China. The objective of this study is to determine the relevance of environmental aspects for China biopharmaceutical companies. This paper presents a new perspective which calls for an integration of CER into the business strategy as a source of competitive advantages in the biopharmaceutical companies. We also introduce an Internal Responsibility System (IRS) to meet company´s environmental responsibilities.
Keywords :
competitive intelligence; corporate social responsibility; environmental factors; pharmaceutical industry; CER; China biopharmaceutical company; IRS; business strategy; competitive advantages; competitive strategy; corporate environmental responsibility; environmental aspects; internal responsibility system; political agenda; Biotechnology; Companies; Ethics; Green products; Manufacturing; Biopharmaceutical companies; CER; Competitive strategy; IRS;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5918038