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Sustainable Business Models in Hybrids: A Conceptual Framework for Community Pharmacies’ Business Owners

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  • Caterina Cavicchi

    (Department of Economics and Management, University of Ferrara, 44121 Ferrara, Italy)

  • Emidia Vagnoni

    (Department of Economics and Management, University of Ferrara, 44121 Ferrara, Italy)

Abstract

Community pharmacies have recently been asked to contribute to sustainable healthcare systems through active participation in an integrated model of care and by playing a major educational role for environmental conservation. Therefore, dramatic changes in their institutional context have led to increasing competition in the drugs retail sector and a shift toward a service-oriented business. These factors urge rethinking of the business model of these hybrid organizations, which combine a profit-oriented, social, and more recently addressed, environmental identity. This paper aims at discussing a sustainable business model (SBM) that could allow community pharmacies to contribute to public health through pharmacists’ current role and development of that role. The effects of the COVID-19 pandemic suggest that human health should be at the center of the sustainable development agenda; the pandemic raises questions about the traditional role of community pharmacies, such as extending patient-oriented services. The SBM for community pharmacies represents an opportunity to enhance their role among the healthcare workforce, especially in a time of global pandemics. In addition, the SBM can support community pharmacies to integrate sustainability in day-to-day pharmacy practice, although it should be customized based on the contextual characteristics of the business and on differences between countries, such as health policies and regulations.

Suggested Citation

  • Caterina Cavicchi & Emidia Vagnoni, 2020. "Sustainable Business Models in Hybrids: A Conceptual Framework for Community Pharmacies’ Business Owners," Sustainability, MDPI, vol. 12(19), pages 1-18, October.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:19:p:8125-:d:422784
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    References listed on IDEAS

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    Cited by:

    1. Magdalena Marczewska & Mariusz Kostrzewski, 2020. "Sustainable Business Models: A Bibliometric Performance Analysis," Energies, MDPI, vol. 13(22), pages 1-30, November.

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