Abbott Laboratories SWOT Analysis
Abbott Laboratories is an American originated company that has been operating in Pharmaceuticals Industry. It was founded by Dr. Wallace Calvin Abbott in year 1888 about 126 years ago. The company is headquartered in North Chicago, Illinois, United States.
Strengths
• Strong brand reputation in Pharmaceuticals Industry.
• It has strong distribution network, thus serving Worldwide.
• It has been dealing in Pharmaceutical products, Medical devices, Diagnostic assays, Nutritional products and Animal health products.
• Steady income and revenue streams.
• It employs 90.000 employees around the world.
• Strong research & development
• It has more than 100 + years of experience in Pharmaceuticals Industry.
• Known for nutritional products.
• Acquiring of Topera, Inc.
• It has been ranked 4th in "Best Places to Work in Industry"
Weaknesses
• High cost of Research & Development.
• It had paid for illegal marketing of Depakote epilepsy drug.
• Products that are mentioned on their online Web site are available on few countries.
• It has been depending on mature medical products that may have patent expiry risk.
• Few countries have raised concerned on Company product due to which they are facing number of litigation cases.
• laid-off thousands of employees in 2010 till 2011.
Opportunities
• Product Innovation
• Increase market share
• Joint venture with it’s competitors or suppliers
• It should provide more access to its products in poor countries and also need to consider price factor.
Threats
• Threat of external factors such as Government intervention.
• Aggressive competition from its rivals
• Technological changes
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