Jagsonpal has adopted a two pronged approach to growth and business development. The first is increasing the company’s market share of existing products in the current markets. The second is to expand into new markets and new products.
The firm can accomplish its growth plans by forming strategic alliances with partners world wide. These alliances can have one or more of the following focuses:
1) Sharing Technology And New Product Development:
Collaboration with partners that own specialized technology or patents. Jagsonpal is involved in technology exchanges with other specialized niche manufacturers, strengthening both its own, and their market positions through strategic alliances.
2) International Expansion:
Partnering with Jagsonpal can allow international pharma players to leverage its vast marketing and distribution clout to enter the Indian Market. Similarly Jagsonpal is looking to form strategic alliances with reputable pharmaceutical companies in other countries so as launch its own products in foreign markets.