Notesale: Turn your study into money

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Course Name:

Pharmaceutical business administration
PT529

Lecturer: Dr
...
Saleh

Course Title

Pharmaceutical Administration (PT-529)

Course Contents
•

The pharmacist as entrepreneur

•

Starting or buying pharmacy

•

Legal forms of ownership

•

Selecting location and positioning of pharmacy

•

The planning process

•

Financing and organizing pharmacy
Course Title

Pharmaceutical Administration (PT-529)

Functional area of business
1
...


Financial function

3
...


Operation function

5
...


Planning

2
...


Staffing

4
...


Controlling

Course Title

Pharmaceutical Administration (PT-529)

Planning

▪

Planning Definition

▪

Importance of planning

▪

Challenges that can cause plan failure

▪

Strategic plan, Strategic goal, Survival goal, and
Growth goal

Course Title

Pharmaceutical Administration (PT-529)

steps of strategic planning within
small business
•
•
•

•

•

Define the pharmacy mission
Evaluate its current situation
Decide the desired future state (vision )
Design steps to bring the pharmacy from current
state to desired future state
SWOT analysis is a structured planning method
used to evaluate the strengths, weaknesses,
opportunities and threats involved in a project or in
a business
...
Inability to set personal goals
pharmacy’s goals
2
...
Lack of knowledge how to plan
4
...

B
...

D
...

Course Title

Pharmaceutical Administration (PT-529)

High level of debt
Sign of trouble
• High interest payment
• Loss of working capital
• Inability to borrow additional funds
Possible causes
• Overinvestment in fixed assets
• Overinvestment in inventory
• Borrowing in bad terms
• Lack of operating cost control
Course Title

Pharmaceutical Administration (PT-529)

Management Functions

1
...


Organizing

3
...


Directing

5
...


•

It

concerns

with

selection

of

the

proper

organizational structure
...

•

Organizational structure can be formal or informal

•

Activities and people should be defined in term of
what is to be done and who is to do each tasks ?

Course Title

Pharmaceutical Administration (PT-529)

Organizing major steps

➢

Identify ,arrange ad combine tasks to be performed

➢

Assign

employees

to

group

and

designate

employees to manage group
➢

Provide authority and responsibility

➢

Define method of evaluation and accountability

Course Title

Pharmaceutical Administration (PT-529)

Organizational principles and practices
•

Division of work: dividing work activities among
employees in some logical manner

•

Job enrichment: expand the job vertically and make
the task large enough so the employee can see the

value of his work (e
...
Also, responsibilities should be
clarified first to allow subsequent evaluation and
accountability of the manager performance
...


Course Title

Pharmaceutical Administration (PT-529)

Organizational principles and practices

Span of control: how many employees a manager
has to supervise ?
•

Low level managers (8-20)

•

High level managers (4-8) because of greater
amount of communication needed to operate the
pharmacy
Course Title

Pharmaceutical Administration (PT-529)

Organizational principles and practices
•
1
...

3
...


Factor affecting the span of control :
Employee's training
Employee's communication
Extent of planning
Use of assistance

Delegation of authority: give authority to other
to make decision

Course Title

Pharmaceutical Administration (PT-529)

Organizing major steps
1
...
g high
quality of patient care and satisfactory profit)
2
...
g fill

prescription) (Division of work)

Course Title

Pharmaceutical Administration (PT-529)

Organizing major steps
3
...
g prescription fill is proceeded by checking

of drug-drug interaction, drug food interaction and
patient medical history) (job enrichment)

Course Title

Pharmaceutical Administration (PT-529)

Organizing major steps

4
...


Course Title

Pharmaceutical Administration (PT-529)

Organizing major steps
5
...


Course Title

Pharmaceutical Administration (PT-529)

Organizing major steps
6
...
Establish a control system for measuring the
progress

and

achievement

of

each

group

(accountability and evaluation)

Course Title

Pharmaceutical Administration (PT-529)

Organizing Methods
1
...


Organization by number

3
...


Organization by service

5
...


Organization by combination of methods
Course Title

Pharmaceutical Administration (PT-529)

Organization by time

•

Grouping employees based on their working
hours
Owner

Night
shift

Day
shift

Course Title

Pharmaceutical Administration (PT-529)

Organization by number
•

Employees may become isolated from one another and
not sharing the information on services as patient care
and physician services
...


Course Title

Pharmaceutical Administration (PT-529)

Organization by territory
•

Autonomous unit that will respond to the specific
needs of the market area being served
...


Planning

2
...


Staffing

4
...


Controlling

Course Title

Pharmaceutical Administration (PT-529)

Course Title

Pharmaceutical Administration (PT-529)



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