ARTICLE

EFFICIENCY ASSESSMENT AND STRATEGIC INSIGHTS FOR ENHANCING PHARMACEUTICAL INDUSTRY PERFORMANCE IN PAKISTAN A DATA ENVELOPMENT ANALYSIS APPROACH

12 Pages : 78-91

http://dx.doi.org/10.31703/gpsr.2023(VIII-I).12      10.31703/gpsr.2023(VIII-I).12      Published : Mar 2023

Efficiency Assessment and Strategic Insights for Enhancing Pharmaceutical Industry Performance in Pakistan: A Data Envelopment Analysis Approach

    Pakistan's pharmaceutical sector, pivotal for GDP, employment, and poverty reduction, comprises 759 companies in dynamic growth. We employ Data Envelopment Analysis (DEA) to identify efficient firms in 2017-2018, showcasing DEA's superiority. Evaluating ten industry leaders, e.g., Merk, Abbott, and GSK, we assess variables like Assets, Liabilities, Sales, EPS, DPS, and ROE. High Noon excels in consistent efficiency, while others improved from 2017 inefficiencies. Sanofi, despite revenue, underutilized EPS, DPS, and ROE. The study emphasizes companies' global and national standings, offering revenue and resource optimization insights, and enhancing industry efficiency. Implementing suggestions aids firms and Pakistan's GDP, advancing the pharmaceutical sector. Valuable for international stakeholders to invest in Pakistan's pharmaceutical progress.

    Pharmaceutical Companies, DEA Methodology, Total Assets, Liabilities, Equity, Salaries, Wages, and other benefits, Sales, Earning Per Share (EPS)
    (1) Muhammad Gulraiz Tariq
    PhD Scholar, Department of Business Administration, Ghazi University, Dera Ghazi Khan, Punjab, Pakistan.
    (2) Muhammad Ziaullah
    Associate Professor, Department of Business Administration, Ghazi University, Dera Ghazi Khan, Punjab, Pakistan.
    (3) Asghar Hayyat
    PhD Scholar, Department of Business Administration, Ghazi University, Dera Ghazi Khan, Punjab, Pakistan.
    (4) Aatzaz Hassan
    Assistant Education Officer, School Education Department, District School Education Authority, Dera Ghazi Khan, Punjab, Pakistan.
    (5) Muhammad Yousif
    Ph.D. Scholar, Department of Business Administration, Ghazi University, Dera Ghazi Khan, Punjab, Pakistan.
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Cite this article

    APA : Tariq, M. G., Ziaullah, M., & Hayyat, A. (2023). Efficiency Assessment and Strategic Insights for Enhancing Pharmaceutical Industry Performance in Pakistan: A Data Envelopment Analysis Approach. Global Pharmaceutical Sciences Review, VIII(I), 78-91. https://doi.org/10.31703/gpsr.2023(VIII-I).12
    CHICAGO : Tariq, Muhammad Gulraiz, Muhammad Ziaullah, and Asghar Hayyat. 2023. "Efficiency Assessment and Strategic Insights for Enhancing Pharmaceutical Industry Performance in Pakistan: A Data Envelopment Analysis Approach." Global Pharmaceutical Sciences Review, VIII (I): 78-91 doi: 10.31703/gpsr.2023(VIII-I).12
    HARVARD : TARIQ, M. G., ZIAULLAH, M. & HAYYAT, A. 2023. Efficiency Assessment and Strategic Insights for Enhancing Pharmaceutical Industry Performance in Pakistan: A Data Envelopment Analysis Approach. Global Pharmaceutical Sciences Review, VIII, 78-91.
    MHRA : Tariq, Muhammad Gulraiz, Muhammad Ziaullah, and Asghar Hayyat. 2023. "Efficiency Assessment and Strategic Insights for Enhancing Pharmaceutical Industry Performance in Pakistan: A Data Envelopment Analysis Approach." Global Pharmaceutical Sciences Review, VIII: 78-91
    MLA : Tariq, Muhammad Gulraiz, Muhammad Ziaullah, and Asghar Hayyat. "Efficiency Assessment and Strategic Insights for Enhancing Pharmaceutical Industry Performance in Pakistan: A Data Envelopment Analysis Approach." Global Pharmaceutical Sciences Review, VIII.I (2023): 78-91 Print.
    OXFORD : Tariq, Muhammad Gulraiz, Ziaullah, Muhammad, and Hayyat, Asghar (2023), "Efficiency Assessment and Strategic Insights for Enhancing Pharmaceutical Industry Performance in Pakistan: A Data Envelopment Analysis Approach", Global Pharmaceutical Sciences Review, VIII (I), 78-91
    TURABIAN : Tariq, Muhammad Gulraiz, Muhammad Ziaullah, and Asghar Hayyat. "Efficiency Assessment and Strategic Insights for Enhancing Pharmaceutical Industry Performance in Pakistan: A Data Envelopment Analysis Approach." Global Pharmaceutical Sciences Review VIII, no. I (2023): 78-91. https://doi.org/10.31703/gpsr.2023(VIII-I).12