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Change Management in the Retail Pharmacy Industry - Case Study Example

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The paper 'Change Management in the Retail Pharmacy Industry" states that the XYZ organisation will make use of the issue of democratisation in an attempt to go beyond rhetoric and to develop a framework that integrates the role of transnational activism into the analysis of domestic regime change. …
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Download file to see previous pages Various unresolved contradictions can be reconciled by examining the usefulness of placing risk propensity and risk proportion in a more central role than has been previously recognised through effective risk assessment programs. Based on such analysis, it is believed that the propensity of risk dominates both the actual and perceived characteristics of the situation as a determinant of risk behaviour. (Stephenson, 2004) Such an observation can safely justify the finding that suggests that apart from being central to any and every business or organisation, the risk is something that entrepreneurs in general, are averse to. This can be attributed to the fact that at the end of the day, any loss of information has far-reaching implications of its own and is deeply rooted in the genesis of risk-taking and management. Coming back to the issue of the risk-averse nature of businesses in context of the organisations within the retail pharmacy industry, the one question we need to ask before proceeding any further is whether mere risk assessment is enough to act as a strong foundation for resolving all those difficulties arising out of risk management in case of the pharmacy industries. (Axelrod, 2000)
The answer is, no. And more and more organisations in the health care arena are beginning to recognise this basic premise, which has led to creativity in the sphere of risk management strategies. It has become necessary, therefore, to keep reinventing the methods and strategies to be used in order to overcome the perils enumerated above, in a timely and cost-effective manner. (Brussin, 2006)
Another creative aspect attributed to the entire gamut of activities concerning risk management in this sphere adheres to the notion of utmost good faith that has been lately used to expand the protection for the insurer from pre-contractual fraud to include post-contractual fraud as well. This works in the benefit of the insured, who is saved from the abyss of financial loss, as well as the insurer, who is saved from parting with the sum assured upon occurrence of such a loss, therefore subjugating both parties to complete protection in an aspect that was earlier a matter of great confusion as well as debate.  ...Download file to see next pagesRead More
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