Ahmedabad, Jan 10 (UNI) Retail pharmacies in India were moving from unorganised to organised and chain structure, according to experts attending the second plenary session of Nirma International Conference on Management (NICOM) here today.
The observation was made in a panel discussion regarding 'Retail- The Changing Face'.
Analysing the retail big shots across the world as well as in India like Wal-Mart and Big Bazaar, Medicine Shoppe (Mumbai) director Dr H P Tipnis said the retail pharmacies in India were moving from unorganised to organised and chain structure.
He also talked about the retail chain over unorganized brand, operating system, franchising system and summed up the session by saying that ''think globally but act locally''.
P K Sinha, Professor of Indian Institute of Management (IIM), Ahmedabad, who was the chairperson of the session, drew a comparison between solar system, Milky Way and today's retail scenario, where there are large numbers of entities but only few are able to survive. Slowly a structure or pattern emerges which calls for the need of business models that are sustainable, he said.
He said the biggest challenge was to decide when to sell and whether one wanted to be in business.' More UNI PVN SSS VKG1950