Citation

Kamaruddin, Nur Izaitun and Ismail, Hishamuddin and Wee, Stany Lian Fong and Tan, Pei Kian (2024) Examining the Role of Confidence in Retail Pharmacy Brands in Shaping Consumer Behavior Towards Pharmaceutical Private Labels in Malaysia. PaperASIA, 40 (6b). pp. 209-218. ISSN 0218-4540

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Abstract

The pharmaceutical sector in Malaysia is experiencing a significant change marked by changing consumer demands, rising competition, and shifting market dynamics. One significant trend in this market is the growing significance of private labels in the pharmaceutical sector. In Malaysia, private labels provide an alternative to branded pharmaceutical medicines, offering similar effectiveness and quality at a potentially reduced price, as seen in various other markets. While private labels may appeal to consumers, they present challenges for pharmaceutical companies and retail pharmacies that are striving to differentiate themselves in a highly competitive industry. One crucial factor shaping consumer behavior in this context is confidence in retail pharmacy brands. Confidence encompasses consumers' trust, familiarity, and perceived reliability of retail pharmacy brands, influencing their purchase decisions and brand loyalty. While existing research has explored factors such as price, quality, and product attributes in shaping consumer preferences, the role of confidence in retail pharmacy brands remains underexplored. This concept paper seeks to address this research gap by examining the role of confidence in retail pharmacy brands in shaping consumer behavior towards pharmaceutical private labels in Malaysia. By investigating the influence of confidence on adoption intentions and its potential mediating effects on factors such as relative advantage, compatibility, risk and complexity, this study aims to provide a comprehensive understanding of the mechanisms driving private label adoption in the pharmaceutical sector. This concept paper establishes a foundation for a thorough examination of how confidence in retail pharmacy brands influences customer behavior towards pharmaceutical private labels in Malaysia by examining literature, theoretical frameworks, and empirical findings. By shedding light on this dynamic relationship, the study aims to offer insights that can inform marketing strategies, enhance consumer trust, and promote the sustainable growth of private labels in the pharmaceutical industry.

Item Type:	Article
Uncontrolled Keywords:	Confidence, Private labels, Diffusion of innovation
Subjects:	R Medicine > R Medicine (General) > R858-859.7 Computer applications to medicine. Medical informatics
Divisions:	Faculty of Business (FOB)
Depositing User:	Ms Nurul Iqtiani Ahmad
Date Deposited:	07 Feb 2025 03:01
Last Modified:	07 Feb 2025 03:01
URII:	http://shdl.mmu.edu.my/id/eprint/13398

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