Factors of failure of Moroccan micro-businesses: The case of community pharmacies

Abstract

This article aims to understand and analyze the determinants of the failure of community pharmacies in Morocco. This study adopts a quantitative method based on a questionnaire. Referring to previous academic research, it is hypothesized that failure is explained by three factors: the pharmacist's profile, the organizational characteristics of the company, and the company's environment. The authors of this study examine this hypothesis on a sample of 120 Moroccan pharmacies. The results obtained show that the human and social capital available to a community pharmacist contributes to improving the probability of failure of their business (gender, entrepreneurial environment, motivation). The environment in which the pharmacy is established also contributes to the failure of Moroccan pharmacies through entrepreneurial training and pharmacist support. As for organizational characteristics, it should be noted that there is a positive correlation between the size of the start-up capital and failure. Unfortunately, state support in this area is ineffective, particularly regarding investment subsidies and state coverage of part of salaries, except for exemptions from social security contributions. Anticipating factors that lead to the failure of pharmacies in Morocco.