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Supermarket Comparisons – are they individually different?
i2P began reporting on Aldi well before they opened their first store in Australia and it has always been favourable. They are renowned for their constant attention to detail in designing their internal systems and their continual auditing of costs. They also tend to put cost savings back into their retail prices. And by putting…
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Organise online to succeed offline – the connected world
Business online architecture is driven by the culture of cloud computing adapted for use with mobile technologies. And it creates a “constantly connected” environment that we either master to serve us in three major themes, or we become slaves to our own electronic environment. Those themes are effectiveness and productivity, balance and awareness, growth and…
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Walmart Is Rolling out a Primary Health Care “whole of store” Concept
It’s not just pharmacy expansion that US retail giant Walmart is changing the face of, but the entire scope of primary health care. This brings them into direct conflict with medical centres and given the massive resources and scale of operations, they are in a position to alter the primary health care market significantly and…
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Pharmacy Needs Education & Training – Who will fill this need?
I recently read an article on leadership in the Harvard Business Review where a distinction was made between training and education and a view that educational establishments collectively over-invest in education and under-invest in training. Typically, higher education prizes knowledge over skills. This produces knowledgeable leaders and managers while training and skills go to those…
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Pharmacy Nemesis Roger Corbett – Back to the Future
Influential shareholders of Woolworths are seeking to invite Roger Corbett, the nemesis of Australian pharmacy, back into the fold as chairman. They say: “Woolworths needs a circuit breaker. Given the way Woolworths has lost direction and given the loss of shareholder value, there needs to be accountability – what’s needed is a circuit breaker to sort out the…
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“Miswanting” –A relevant word for the pharmacy profession
Recently, I stumbled over an unusual word that I have now added to my vocabulary. That word was “miswanting” – a rather poignant word from the world of psychology. It is a word used to describe the human tendency to desire things that make us unhappy, and to shun things that fulfill us. Psychologists have…
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PBS Co-Pays…Come out Swinging!
When something does not make sense and defies commonsense and logic- then it is political. The decision to enable pharmacists to discount the PBS co-pay by up to $1.00 is one such decision. The logic is that it will create more competition, but the reality is that it will cause erosion to the profit base…
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The Tipping Point for PBS Has Arrived
The tipping point is the point at which a dominant technology or player defines the standard for an industry-resulting in “winner-take-all” economies of scale and scope. It is generally disruptive in nature. The tipping point is the critical point in an evolving situation that leads to a new and irreversible development. The term is said…
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MinuteClinic hits 25 million patient visit milestone
CVS Health’s MinuteClinic has surpassed 25 million patient visits since opening the nation’s first retail clinic in 2000, the company announced on Tuesday. This is the future of Australian pharmacy as well, if pharmacy leaders can get their act into gear. But why wait for that to happen? Surely progressive Australian pharmacy owners can venture…
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Replacing the PBS market for a sustainable Income – home health technology, self care and primary health care
PBS is almost a lost cause. The amount of time that is invested in this product compared to the return on invested capital, is now not viable. This will not improve as health minister, Sussan Ley, has stated she is “not interested in pharmacists’ pay packets, only lower costs for consumers”. A directional change is…