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Value Over Profit ?
When pharmacy comes under financial pressure it always looks for a “quick fix” and it usually takes the form of concentrating resources and focus into various retail channels of activity. Even though pharmacists are criticised for expanding their retail offering and daring to create survival profits, it is a necessary activity to ensure that the…
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The Amazon Supermarket (and Pharmacy) Coming to a Place Near to You
Just before Christmas 2016 i2P alerted pharmacists to a global retailer (Amazon) making plans to enter the Australian market with a massive retail offering (see http://i2p.com.au/how-amazon-will-dominate-global-retail/ ) and ambitions to dominate the entire retail sector. Amazon, of course, is already known in Australia for its online retailing of books While it often seems that some…
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Marketing Focus: Essays on Management & Marketing February 2017
Momentum. That will be, and should be, the mantra for commerce during 2017. Momentum will precede profits, sustainable growth, enhanced productivity, more expeditious decision-making and, above all else, improved confidence. It is indisputable that the calendar year 2016 was a period of economic slow-down for many sectors, regions and entities. In reality, it is arguable…
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Planning for Uncertainty and Anxiety
To say that pharmacy began the current fiscal year with a high level of uncertainty – a major contributor to anxiety levels – is to state the obvious. Every person working within the pharmaceutical industry has been affected, with employed pharmacists complaining about the poor incomes they receive and fresh reports of a potential for…
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Design for a Medication Safety Plan
The problem of creating a quality professional pharmacy practice for community pharmacy is often in conflict with the metrics required to provide a solid business infrastructure. Without a sound infrastructure there is no support to underpin a professional practice, so Codes of Conduct and minimum levels for Standards of Practice have to be developed. Increased…
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What can we learn from Thyroid Pharmacist?
It was just over a year ago, when I was starting out in a busy suburban pharmacy as a professional services pharmacist, when I noticed something a bit weird…literally every second person I spoke with for about a full week was on thyroxine tablets. I stared back at these patients. A lot of them were…
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Understanding Medical Cannabis
I2P has been proactive in identifying the potential of medical cannabis as a tool for clinical pharmacists and a useful treatment for chronically ill patients – particularly the elderly prone to suffering chronic conditions characterised with an underlying common factor of inflammation. People can also buy medical cannabis or marijuana in Real CBD store. Now,…
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Marketing Focus – Essays on Management and Marketing
Post-truth is the Oxford Dictionary 2016 word of the year. This new addition to the English lexicon is an adjective, not a noun. Among the consequences are the now qualified value and validity of words like projections, predictions, forecasts, expectations and facts. United States of America President – Elect Donald Trump, with his post-truth representations of…
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The Desensitised Culture
It’s time for a new prescription The community pharmacy is fighting to survive amid aggressive price disclosures, high expenses and pressures from wholesalers. Yet, the treatment of slashing costs and pushing discounts only focuses on the symptom of financial turmoil, rather than treating the root cause of the problem. The financial turmoil facing the pharmacy…
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MARKETING FOCUS – Essays on Management and Marketing
The most anticipated, yet uninspiring, US Presidential election is about to take place. Overall, the final result will be of marginal importance to the American people, and to the world at large. Neither of the two leading candidates (yes, there are four independents who remain in what many consider is a one -horse/mare race) engenders…