Sustainable development goals One of the main outcomes of the Rio+20 Conference was the agreement by member States to launch a process to develop a set of Sustainable Development Goals SDGs!" which will build upon the #illennium Development Goals and converge with the post 20$% development agenda clic& here for information on different wor& streams!' (t was decided establish an )inclusive and transparent intergovernmental process 1 open to all stakeholders, with a view to developing global sustainable development goals to be agreed by the General Assembly)' (n the Rio+20 outcome document" member States agreed that sustainable development goals SDGs! must* $' +e based on ,genda 2$ and the -ohannesburg .lan of (mplementation' 2' /ully respect all the Rio .rinciples' 0' +e consistent with international law' 1' +uild upon commitments already made' %' Contribute to the full implementation of the outcomes of all ma2or summits in the economic" social and environmental fields' 3' /ocus on priority areas for the achievement of sustainable development" being guided by the outcome document' 4' ,ddress and incorporate in a balanced way all three dimensions of sustainable development and their interlin&ages' 5' +e coherent with and integrated into the 6nited 7ations development agenda beyond 20$%' 8' 7ot divert focus or effort from the achievement of the #illennium Development Goals' $0' (nclude active involvement of all relevant sta&eholders" as appropriate" in the process' (t was further agreed that SDGs must be* ,ction9oriented Concise :asy to communicate ;imited in number ,spirational Global in nature 6niversally applicable to all countries while ta&ing into account different national realities" capacities and levels of development and respecting national policies and priorities' <he outcome document further specifies that the development of SDGs should* +e useful for pursuing focused and coherent action on sustainable development Contribute to the achievement of sustainable development Serve as a driver for implementation and mainstreaming of sustainable development in the 67 system as a whole ,ddress and be focused on priority areas for the achievement of sustainable development <he Rio+20 outcome document The Future We Want resolved to establish an inclusive and transparent intergovernmental process on SDGs that is open to all sta&eholders with a view to developing global sustainable development goals to be agreed by the 67G,' <he outcome document mandated the creation of an inter9governmental Open =or&ing Group" that will submit a report to the 35th session of the General ,ssembly containing a proposal for sustainable development goals for consideration and appropriate action' <he outcome document specifies that the process leading to the SDGs needs to be coordinated and coherent with the processes considering the post 20$% development agenda and that initial input to the wor& of the Open =or&ing Group will be provided by the 67SG in consultation with national governments' 2 C O M P A N Y B A C K G R O U N D A B O U T C O M P A N Y B A C K G R O U N D A B O U T B E X I M C O P H A R M A C E U T I C A L S L T D . B E X I M C O P H A R M A C E U T I C A L S L T D . Beximco Pharmaceuticals Ltd. is a leading edge pharmaceutical company and is a member of the BEXIM! "roup# the largest pri$ate sector industrial conglomerate in Bangladesh. %he strategic strengths of Beximco Pharma are its strong brand recognition# highly s&illed 'or& force and di$ersified business mix. Beximco Pharma brands ( )eoceptin * +*anitidine,# )apa +Paracetamol,# -mdocal +-mlodipine,# )eofloxin +iprofloxacin,# Bexitrol . +/almeterol Plus .luticasone,# Bextrum "old +Multi$itamin and Multi Mineral, and -to$a +-tor$astatin, are among the most recogni0ed brands in the Bangladesh Pharmaceutical industry. Beximco Pharma started its operation in 1123# manufacturing products under the licenses of Bayer -" of "ermany and 4p5ohn Inc. of 4/- and no' has gro'n to become nation6s one of the leading pharmaceutical companies# supplying 178 of country6s total medicine need. %oday Beximco Pharma manufactures and mar&ets its o'n 9branded generics6 for almost all disease ran&ing from -I:/ to cancer# from infection to asthma# from hypertension to diabetes# both nationally and internationally. Beximco Pharma manufactures a range of dosage forms including tablets# capsules# dry syrup# po'der# cream# ointment# suppositories# large $olume intra$enous fluids# metered dose inhalers etc. in se$eral 'orld(class manufacturing plants# ensuring high ;uality standards complying 'ith the <orld =ealth !rgani0ation +<=!, appro$ed current "ood Manufacturing Practices +c"MP,. %he recipient of three times 9gold6 national export trophy# Beximco Pharma is the largest exporter of pharmaceuticals from Bangladesh# spreading its presence in many de$eloping and de$eloped countries across the globe. Beximco Pharma is the only company in Bangladesh to recei$e this highest national accolade for export# for record three times. > Beximco Pharma mar&ets its brands through professional sales and mar&eting teams in -frican# -sian and European mar&ets. It also supplies its products to reno'ned hospitals and institutions in many countries# including *affles =ospital and ? ? <omen @ hildren =ospital in /ingapore# ME:/ and ?enyatta )ational =ospital +?)=, in ?enya# Ainnah =ospital# -gha ?han =ospital and /hau&at ?hanum Memorial =ospital in Pa&istan. Beximco Pharma is also an enlisted supplier of <=! and4)IE.. -nother important business acti$ity of Beximco Pharma is the contract manufacturing for ma5or international brands of leading multinational companies. Beximco Pharma is acclaimed domestically and internationally for its outstanding product ;uality# 'orld class manufacturing facilities# product de$elopment capabilities and outstanding ser$ice. Beximco Pharma has a strong mar&et focus and is anticipating continued future gro'th by le$eraging business capabilities and de$eloping superior product brands and mar&ets. In particular the company is $ery interested in de$eloping a strong export mar&et in 4/- and Europe. %o meet the future demand Beximco Pharma has in$ested 4/B 73 million to build a ne' state(of(the(art manufacturing plant# confirming to 4/.:- and 4? M=*- standards. %his ne' plant 'ill also offer contract(manufacturing facility to leading pharmaceutical companies# especially from Europe and 4/. O R G A N I Z A T I O N A L O R G A N O G R A M O R G A N I Z A T I O N A L O R G A N O G R A M C B E F O R E F I V E Y E A R S S T R A T E G Y B E F O R E F I V E Y E A R S S T R A T E G Y 7 C!" V#$%"& %rust and reliability to the products emerged as one of the core $alues of Beximco Pharmaceuticals Limited. It maintains ;uality in manufacturing of products according to the rules of the <=!. =iring a competent branch of people 'ho are best in their capacity to ser$e the company best# strengthen the BPL function of operation .It also gi$e emphasi0e on promoting ne' products through research and bringing cost efficiency in business operations. Beximco Pharma belie$es that it is in the business 'hich deals 'ith human health 'hich ma&es it more responsible to &eep the highest standards of its products. %hrough its products it tries to deli$er clear benefits to the patients. "ood products# ho'e$er# are only one side of its expression of commitment. BPL belie$es its responsibility lies e$en more in ensuring that the society gets benefited 'hile it continues to gro'. C!'!#(" S)*#$ R"&'+&*,*$*(*"& orporate social responsibility is an integral part of BPLDs business strategy 'hich is reflected in its mission statement. E$ery employee of the company &no's that the company does not $ie' its success and achie$ements in financial terms only# but also in terms of its deep relationship 'ith the society. Each year# an increasing amount of contribution is ploughed bac& into social causes# demonstrating Beximco Pharma6s commitment to the nation. More importantly the company6s contribution extends beyond one(time donation to ongoing participation as reflected in its partnership 'ith )"!s 'or&ing for -I:/ patients# in supporting sports# and in raising disease a'areness among the people. E BPL donated medicines 'orth millions of ta&a to $ictims in national and international calamities. :onation of medicines to $ictims of earth;ua&e in Pa&istan and $ictims of tsunami in /ri Lan&a are 'orth mentioning. %he company maintains a team of scientists 'ho 'or&s as pharmaceutical experts for good go$ernance that gi$e direct benefit to the common people and shareholders. Beximco Pharmaceuticals Limited carefully designed its facilities for reducing ha0ardous impact on the en$ironment through operational excellence pro$iding a friendly en$ironment for a healthy society for tomorro' being the main responsibility of BPL. A F T E R F I V E Y E A R S S T R A T E G Y A F T E R F I V E Y E A R S S T R A T E G Y F M#+%-#)(%!*+. F#)*$*(*"& Located at %ongi# near the capital city :ha&a# BPLDs manufacturing site is spread o$er an area of 23 acres 'hich houses a number of self contained production units including oral solids# metered dose inhalers# intra$enous fluids# li;uids# ointments# creams# suppositories# ophthalmic drops# in5ectables# nebuli0er solutions etc. %he bul& drug unit for producing paracetamol is also located 'ithin this site. ompanyDs penicillin -PI and formulation units are situated at ?alia&oir# a fe' &ms from the main site. %he plant and machinery throughout the site ha$e been designed by and procured mostly from reno'ned European companies. Beximco Pharma has its o'n utility infrastructure to ensure ade;uate generation and distribution of purified 'ater at all times. %he installed capacity of po'er generation is 2 M<. %here is also li;uid nitrogen generation facility on site. /%#$*(0 P$*)0 Beximco Pharmaceutical Limited6s mission is to achie$e business excellence through ;uality by understanding# accepting# meeting and exceeding customer expectations. Beximco Pharmaceutical Limited +BPL, follo's International /tandards on Guality Management /ystem to ensure consistent ;uality of products and ser$ices to achie$e customer satisfaction. BPL also meets all national regulatory re;uirements relating to its current businesses and ensures that current "ood Manufacturing Practices +c"MP, as recommended by <orld =ealth !rgani0ation is follo'ed for its pharmaceutical operations. %he management of BPL commits itself to ;uality as the prime consideration in all its business decisions. -ll employees of BPL must follo' documented procedures to ensure compliance 'ith ;uality standards. 2 %he pool of human resources of the company 'ill be de$eloped to their full potential and harnessed through regular training and their participation in see&ing continuous impro$ement of 'or& methods. E+1*!+2"+(#$ P$*)0 BPL is committed to maintain the harmonious balance of our eco(system and therefore constantly see&s 'ays to manufacture and produce products in an eco(friendly manner so that the balance of nature remains undisturbed and the en$ironment remains sustainable. In pursuit of this goal# BPL 'ill comply fully 'ith all local and national en$ironmental regulations. onser$e natural resources li&e 'ater and energy for sustainable de$elopment# and adopt en$ironmentally safe processes. Ensure appropriate treatment of all effluents prior to discharge# to pre$ent pollution or degradation of en$ironment. Ensure appropriate communication and cooperate 'ith internal and external interested parties on en$ironmental issues. reate a'areness on en$ironmental issues among our employees and suppliers. -dopt modern 'aste management technology. P R E S E N T S T R A T E G I E S P R E S E N T S T R A T E G I E S 1 MARKET POLICY D2"&(*) M#!3"( Being a de$eloping country# the pharmaceutical mar&et and at the same time# the pharmaceutical industry of Bangladesh is gro'ing. In this gro'ing mar&et# BPL has been able to maintain its gro'th through its inno$ati$e mar&eting strategies. In Bangladesh# BPL introduced the concept of ;uality management system by being the first company to achie$e I/! 1331 certification that reflects its commitment to ;uality in e$ery aspect of business. BPL co$ers the health care community of 'hole Bangladesh based in both urban and rural mar&ets# through its 12 strategically located depots. I+("!+#(*+#$ M#!3"( %o fuel the continuous gro'th of BPL# the company has started exploring international mar&ets. %he ;uality of BPL products# strengthened by its I/! 1331 certification# has brought immediate success in 4?# -merica# -ustralia# .rance# Bra0il# India# Pa&istan# /ri Lan&a# Hemen# Myanmar and Iietnam. R".%$#(!0 A''!1#$& 13 %he manufacturing facilities of Beximco Pharma ha$e been audited and appro$ed byJ )ational =ealth /ur$eillance -gency +-)II/-,# Bra0il +M:I, %herapeutic "oods -dministration +%"-,# -ustralia +!/:# M:I and /pray, "ulf entral ommittee for :rug *egistration +for " member states,+!/: @ M:I, Gualified by 4)IE. +M:I @ !/:, Gualified by "lobal "laxo/mith?line +M:I, Gualified by -sthma :rug .acility +-:.,# .rance +M:I, Gualified by "lobal . =off Mann La *oche +!/:, -ppro$als by 4? M=*- and 4/.:- are under process !/:# !ral /olid :osageK M:I# Metered :ose Inhaler R"&"#!)4 & D"1"$'2"+( <ith strong re$erse engineering capability# 'e focus principally on de$eloping high ;uality generic formulations# matching the profile of inno$ator products. <e also focus on simplifying manufacturing processes and impro$ing cost efficiency. !ur gro'ing inno$ation is e$ident from successful launching of a number of ad$anced formulations li&e multi(layer tablets# sustained release formulations# dispersible tablets# melt(in mouth tablets# che'able $itamins etc. In proprietary research# 'e conducted collaborati$e research 'ith iba /pecialty hemicals of /'it0erland. <ith !ur *@: team has successfully de$eloped a range of .(free =.- M:Is. In addition# 'e are also de$eloping a number of -PIs to ensure a$ailability of ra' materials across the range of therapeutic classes. !ur capability to produce hi(tech# speciali0ed niche products as 'ell as drug deli$ery systems has been our core strength to transform BPL into an inno$ation( dri$en generic drug company. 11 C!'!#(" S)*#$ R"&'+&*,*$*(0 ommitment to our society is an integral part of the 'ay 'e are doing business. <e do not 5udge our success in financial terms onlyK 'e $alue e$en more the deep relationship 'ith the society 'e li$e in. Each year# a substantial amount of our earning is ploughed bac& into social causes# so that our society gets benefited 'hile 'e continue to gro'. 5. D+#(*+ - 2"6*)*+"& <e donate and ma&e a$ailable a large ;uantity of medicines to the $ictims of natural disasters# both national and international. Medicines for the $ictims of earth;ua&e in Pa&istan# sunami in /ri Lan&a# and cyclone /I:* in Bangladesh are a fe' 'orth mentioning. 7. P!1*6*+. T!"#(2"+( -! AIDS '#(*"+(& *+ B#+.$#6"&4 *esponding to the needs of thousands of -I:/ patients in the country# 'e are proud to be associated 'ith the initiati$es to pro$ide treatment for these patients. /ince 2337# Beximco Pharma has been supplying -*I drugs through :utch Bangla Ban&# a leading local ban&# for treating the -I:/ patients in Bangladesh. %hese -*I drugs are distributed through -shar -lo# Mu&to -&ash# and onfidential -pproach to -I:/ Pre$ention +--P, ( )"!s 'or&ing for the =IIL-I:/ patients 8. O&"-$% ( -*.4( #.#*+&( A1*#+ #+6 S9*+" F$% /ince its launch in March 233E# !seflu# BPLDs brand of oseltami$ir capsule# has been donated to the go$t. of Bangladesh as 'ell as different reputed organi0ations including I::*#B in response to the pandemic -$ian as 'ell as recent /'ine .lu. <e also supplied !sefluM to the go$ernment of Myanmar as a part of our /* initiati$es 12 C+(!#)( M#+%-#)(%!*+. O''!(%+*(*"& *ising cost of healthcare and medicines has become a global concern# and in order to reduce cost across the $alue chain# pharmaceutical companies from de$eloped mar&ets continue to loo& for suitable partners in de$eloping countries for shifting or outsourcing their production. <ith decades of experience in generic drug manufacturing# 'orld class capabilities as 'ell as significant cost ad$antages# Beximco Pharma can be an ideal partner for you to meet your contract manufacturing needs. /ince its inception# Beximco Pharma has established itself as a reliable partner for a number of 'orld6s leading pharmaceutical companies. %he company has maintained a trac& record of sound professionalism and its management has al'ays adhered to international standards pro$iding a culture and 'or&ing en$ironment similar to that of a multinational company. urrently the company has contract manufacturing agreement 'ith "laxo/mith?line +"/?, for producing Metered :ose Inhaler product. %hese partnerships ha$e pro$ided BPL much $aluable expertise and &no'(ho' to manufacture 'orld(class products. %he company offers significant cost ad$antage as a manufacturer# as the a$erage 'age in Bangladesh is probably the lo'est in the 'orld# and at least t'o to three times lo'er than that in hina or India. Prospecti$e partners can benefit themsel$es 'ith competiti$e ad$antages li&e a$ailability of highly s&illed manpo'er at a $ery lo' cost# lo' energy cost# "o$t. policy support# in$estor friendly en$ironment etc. 1> -fter &no'ing the 'hole strategic management techni;ues follo'ed by Beximco Pharma it is clear that# no company can follo' one form or approach from the corporate le$el strategy. /ituations $ary and so does the business strategies to meet the demand at a gi$en point of time. =o'e$er# Beximco Pharma has also been that of a &ind 'here they practiced different types of gro'th strategies# reached boom and at the same time company follo'ed to the need for reco$ery stage 'here they ha$e gone through the rene'al strategy. But more or less it can be said that Beximco Pharma preferred either gro'th through mar&et de$elopments and if not so then stabilityK 'ith a consistent approach to'ards consumer. <ell the sum up of the case study can be stated as that 'ith all their superior strategies and techni;ues they ha$e continued to stay prosperous from centuries and also hope to maintain that throughout. 1C
Corporate Finance is the Area of Finance Dealing With the Sources of Funding and the Capital Structure of Corporations and the Actions That Managers Take to Increase the Value of the Firm to the Shareholders
Corporate Finance is the Area of Finance Dealing With the Sources of Funding and the Capital Structure of Corporations and the Actions That Managers Take to Increase the Value of the Firm to the Shareholders