Watsons Philippines is the largest health and beauty retailer in
the country. Around 40 percent of its product lineup is medicine
and the rest are beauty and wellness items. Today, Watsons operate more than 800 stores in the Philippines. With the slogan, ‘Look Good. Do Good. Feel Great.’, Watsons promote physical well-being and confidence. They encourage people from all walks of life to feel great with what they do and how they look. Entrepreneurial Benefits a. The Filipino People As individuals, we all struggle with physical insecurities. Confidence plays a very vital role in a person’s life, contributing to personal growth in more ways than one. Watsons has become an outlet for a lot of Filipinas and Filipinos to shop not just for their necessities but also for things that will help them boost self-care and esteem. Shopping has been considered as one of the therapeutic means of releasing stress, and in Watsons, there is an array of beauty and wellness products that fit to any of our preferences, as it is their goal to provide valuable goods to their consumers, a salient feature of entrepreneurship. The Filipino people spend their money on things that benefit them, so it is a win-win situation. b. The Local Community Watsons provide employment to the people in the local scene and promotes a healthy competition towards businesses of the same purpose. In addition to that, they also aid in the development of the local community by making substantial contributions on taxes.
c. The Philippine Economy
Watsons’ success as a brand and their excellent customer service encourages competitiveness towards other businesses thereby challenging them to improve their products and services. Watsons’ booming success to the mass will help our economy to have high, favorable ratings in the world market.