2014
DOI: 10.1016/j.sapharm.2013.05.010
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Future-proofing the pharmacy profession in a hypercompetitive market

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Cited by 33 publications
(35 citation statements)
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“…Offering professional services was a way for community pharmacists to attract more customers to frequent their stores, as well as retaining existing customers. These value‐added services enabled them to differentiate themselves from their competitors, which is vital to ensure the survival of the pharmacy business in an increasingly challenging environment ‘In such competitive business, the extra service that we give is a way to survive.’…”
Section: Resultsmentioning
confidence: 99%
“…Offering professional services was a way for community pharmacists to attract more customers to frequent their stores, as well as retaining existing customers. These value‐added services enabled them to differentiate themselves from their competitors, which is vital to ensure the survival of the pharmacy business in an increasingly challenging environment ‘In such competitive business, the extra service that we give is a way to survive.’…”
Section: Resultsmentioning
confidence: 99%
“…2, 35 Singleton and Nissen have suggested that the Australian community pharmacy industry is experiencing conditions of hypercompetition. 36 In this environment, pharmacies increasingly need to find new service areas to differentiate themselves. Indeed, participants in this study conveyed that a desire to differentiate was a motivating factor in providing OSA services.…”
Section: Discussionmentioning
confidence: 99%
“…Previous research has shown that various strategies were employed by pharmacists in response towards shrinking margins and increased competition . Differentiation is the most commonly proposed strategy in the literature, with pharmacists encouraged to offer unique value propositions that confer an advantage over their colleagues especially the provision of extended professional pharmacy services . Unfortunately, the current business climate rendered employment of a single strategy ineffective, with pharmacists advised to constantly evaluate all different facets of their business and develop multipronged strategies to counter continuous challenges …”
Section: Introductionmentioning
confidence: 99%