Farmacias Similares: Innovation in the Mexican Healthcare Industry

    1. Among several definitions of entrepreneurship, a leading definition suggests that entrepreneurship is defined as the identification and exploitation of previously unexplored opportunities. How does this case support this definition? 2. From an institution-based view, what factors pushed Best Laboratories to create Farmacias Similares (FS) with a new Pharmacy-Doctor business model in 1997? More recently, what additional institution-based factors promoted its diffusion from the BoP to middle and upper-class markets? 3. From a resource-based view, how easy or difficult it is for competitors to offer a similar Pharmacy-Doctor business model? Given your answer, how sustainable is FS’s competitive advantage? 4. If you were a member of the FS Board, of the two directions being entertained, which one would you recommend?