SWOT Analysis Report for the Pharmaceutical Company 24Maci

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Added on  2022/12/26

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This report presents a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of the pharmaceutical company 24Maci. The introduction highlights the growth of e-commerce in the pharmaceutical sector and its impact on customer preferences, revenue, and business success. The main body of the report examines the opportunities, such as the increasing demand for online pharmaceutical services and the use of digital technologies like AI, and threats, including government regulations, outdated stock, and economic instability. The report emphasizes the importance of addressing these factors to ensure the company's growth and accountability. The conclusion reiterates the significance of SWOT analysis for strategic decision-making in the pharmaceutical industry. References include books and journals related to the pharmaceutical industry, e-commerce, and business development.
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24Maci
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Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK ..............................................................................................................................................3
Swot analysis...............................................................................................................................3
CONCLUSION ...............................................................................................................................4
REFERNCES:..................................................................................................................................5
Books and Journals:....................................................................................................................5
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INTRODUCTION
E commerce is growing rapidly into the world. Organization focus on more of online
selling rather than offline due to customer preferences. Into digital world, there are high scope of
getting customer satisfaction, high revenue, productivity and business success (angperm, and
Jermsittiparsert, 2019). This report Will going to shows opportunities and threats involve in
pharmaceutical company I.e 24maci.
MAIN BODY
TASK
Opportunities: A pharmaceutical company has facing lot of challenges into the world
due to heavy concerns of people health factor. Opportunities are the main elements that need to
be focused under this pharmacy(Kerdpitak, and Jermsittiparsert, 2019). From the last years,
the medical industry has seen various impact on trends and policies of treating disease and get
cure. Through these trends, various medicine tools have been formed to serve patients a better
treatment. Due to high disease ratio digital researchers have find out many solution of this
problem by technique of artificial intelligence. as well as transfer in life prevention rather than
only medication. toward preventing life threatening conditions rather than medicating them. The
firm have opportunities to provide delivery though online channels as there are various platforms
through which people want home convenient. Through the website, all description of medicines
equipment other product must be contained detailed information about its use and reliability.
This digital opportunity will be helpful in rising the evaluation of pharmaceutical industry.
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Threats: under pharmaceutical industry, there are various internal and external forces
that make cause on their functioning. As this industry includes products of heavy constraints and
drive matter of heath solution. Health is the biggest factor for economy which needs to be
undertake on priority basis. The main threat 24maci could face are government exemption,
outdated medicines stock, economic stability and environment also, population measures which
could affect the growth of company. There should be measure of proper intervention so that no
loss will be suffered by the company(shtiaque, Baten, and Sarwar, 2017). the threats
also involve market factors and changing whether or environment which
influence on the company to move into the flow with changing demand.
Chemist, doctors and researchers are mainly come up with new research
issues and diseases that reflect into unwanted and unsold stock.
This opportunity and threat make sure about what needs to be done and what a company
could empowered on. Through which, 24maci must take fruitful decisions regarding serving
medical equipments, medicines and other products of people use. They need to be ensure about
its accountability and durability of the treatment that are provided by the company.
CONCLUSION
It has concluded that strength, weaknesses, opportunities and threats are necessary to take
analyses while setting up a business in order to understand about what needs to be done and how
it will be done.
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REFERNCES:
Books and Journals:
angperm, N. and Jermsittiparsert, K., 2019. The effect of organization learning culture, physical
work place environment, employee trust, employee satisfaction on employee
performance of Thailand pharmaceutical industry. Systematic Reviews in Pharmacy,
10(2), pp.303-312.
Kerdpitak, C. and Jermsittiparsert, K., 2019. Human Resources Capabilities and
Financial Performance: A Case of Thai Pharmaceutical Firms. Systematic
Reviews in Pharmacy, 10(2), pp.198-207.
Ishtiaque, A., Baten, A. and Sarwar, A., 2017. How E-commerce is Transforming in
Bangladesh. Australasian Journal of Business, Social Science and Information
Technology, 3(4), p.166.
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