In such a situation, there is no wonder that he opportunities for Rennie to gain a large share of the local market is extremely high, especially taking into consideration the rapid development of the pharmaceutical market of Oman. Moreover, the socio-economic and political situation in the country is stable enough to enter the market with a new product.
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Basically, developing countries are characterized by political as well as economic instability and low level of development. Obviously, the potential threats to Rennie in the Omani market are to a significant extent by the weakness of Company analysis research paper company in this market.
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Consequently, foreign companies dominate the market and Rennie will have to compete with products of such large and well-known companies as GlaxoSmithKline, Roche, Bristol-Myers Squibb, Sandoz, Merck and Co.
In fact, this drug is safe and, as a rule, it does not need any special prescriptions. In this respect, it is possible to appeal to the large experience of the company in the pharmaceutical industry and to the fact that this product is recognized in many countries of the world and that many people are confident in reliability and efficiency of this product.
In all probability, it will be not very difficult because local producers which could sell similar products at lower prices are too weak for they do not have either technologies or sufficient share in the local market to compete with foreign companies that control the pharmaceutical market of the country.
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