February 2018
Intermediate to advanced
352 pages
12h 7m
English
Content preview from Business Chemistry
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1Management Challenges in the Chemical and Pharmaceutical Industry
Jens Leker1 and Hannes Utikal2
1 University of Münster, Department of Chemistry and Pharmacy
2 Provadis School of International Management and Technology AG
For time and the world do not stand still. Change is the law of life. And those who look only to the past or the present are certain to miss the future.
John F. Kennedy (1917–1963), 35th President of the United States of America
The first chapter of this book outlines the specific characteristics of the chemical and pharmaceutical industry regarding, for example, products, site locations, competition, and research efforts. Additionally, the chapter summarizes results of a survey in the German chemical and pharmaceutical industry on business transformation processes and drivers of change that affect the industry. From these findings, management challenges and solutions to these problems will be derived.
1.1 Introducing the Chemical Industry as a Source of Innovation and Prosperity
The chemical industry is one of the major global industries affecting all parts of human life. Advances in chemicals and pharmaceuticals have contributed to improving living conditions and particularly nutrition and health levels worldwide. Enhancements in the field of automobiles as well as new developments concerning battery electric or fuel cell vehicles have resulted, not least because of new materials and new formulations originating from the chemical industry. New electronic ...
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