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PHAR-370 Business Administration & Pharmaeconomics

Dear young Pharmacists you just received your license to practice and you are ready to either setup your own pharmacy or run the family business. In this context you are called upon to take some decisions about how to run the business. Please substantiate your answers and provide examples.

-Define Pharmacoeconomics and explain What are the main issues that concern (economics, Health economics and Pharmacoeconomics) each of these (10 points)

– One of the main medical, health or pharmacy issues in the news lately is Yellow fever Explain How does it affect the society, economy and politics? (5 points)

-Explain how Michael Porter Five Force Models (the power of new entrants, the power of suppliers ect) affects the operation of your Pharmacy (10 Points)

-Two generic strategies are existed, explain which one is more applicable in your case (Pharmacy) and why? (5 points) With references

-What is the purpose/ mission of an organization / business and how does it satisfy this mission.

-What sort of market segmentation is more appropriate in your case (Pharmacy).

-Provide a broad history of management with reference to the main milestones and critical issues.
-What are the two issues that continue to be critical for researchers and business people alike (15 Points)

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