SWOT Analysis, PHARMACY
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VALUES
The career field of pharmaceutical administration includes marketing, managing and selling prescription drugs.
Jobs in pharmaceutical administration include hospital administration of pharmacies, executive-level sales managers and pharmacoeconomists
INTERNAL
The Discount Pharmacy is a brick and mortar and mail order pharmacy that sells prescription medication at lower prices than other pharmacies. The Discount Pharmacy is able to sell at reduced prices through the use of operating efficiencies and the elimination of unnecessary services for customers that self pay their drugs. The Discount Pharmacy does not accept insurance payments which disrupt the cash flow.
By having a larger percentage of their business serviced by their mail order arm, The Discount Pharmacy is able to gain economies of scale by selling larger quantities of drugs with less labor required per order. As more and more Americans are on a continuous prescription to medicine, this trend will lend itself to rapid growth as customers can mail order larger quantities of drugs that they will need over time. Additionally, many insurance companies offer an economic incentive for medicine to be purchased mail order in quantity, saving the insurance company money. This factor will also help boost The Discount Pharmacy to profitability.
The Pharmacy will increase its market share through targeted advertising to increase the number customers who are looking to save money on a pricey, necessary expense.
Rozana Najjar
STRENGTH:
WEAKNESSES:
EXTERNAL
• Central location
• Experienced physician
• Trained/ work experience
• Local & creative approach
• Known and well resource
• Personal characteristics
• Well educated/ education
• Good networking contacts
- No specialty
- Unequipped lab
- Lack of funds & salary
- Weak interpersonal skills
- Limited education/ wrong major
- Lack of work experience & job knowledge
Subject: Technology Project
Teacher: Amer Qaysi
Date: 21st of march, 2016
OPPORTUNITIES:
- Organization & tech development
- Improve safety system
- Tele-medicine for specialty
- Enhancing education
- Enhancing personal development
- Geography "ability to move"
- Strengthening network
THREATS:
- Negative trends in their field
- Training & education obstacles
- Limited ability to develop
- Limited position in their area
- Starting material cost rises