Organizational skills
Organizational skillsFfWalgreens - A Strategic Analysis
Table of Contents TABLE OF CONTENTS 1 TABLE OF FIGURES 2 THE RETAIL DRUGSTORE INDUSTRY 3 BUSINESS ACTIVITIES 7 INDUSTRY OVERVIEW 7 BACKGROUND 8 MODERN DRUGSTORES 8 CURRENT ORGANIZATION AND STRUCTURE 9 CURRENT CONDITIONS 10 FUTURE INDUSTRY PERFORMANCE 13 HISTORY OF WALGREENS 16 COMPETITIVE ANALYSIS 20 RITE AID CORPORATION 20 CVS CORPORATION 25 DRUGSTORE.COM 29 CUSTOMER PROFILE 32 EXTERNAL OPPORTUNITY ANALYSIS 34 EXTERNAL THREAT ANALYSIS 39 SUMMARY OF EXTERNAL OPPORTUNITIES AND THREATS 41 OPPORTUNITIES 41 THREATS 42 INTERNAL STRENGTH ANALYSIS 42 FINANCIAL STRENGTH 43 PRODUCT INNOVATION 44 HISTORY 45 GROWTH RATE OF STORES 46 MANAGEMENT TEAM 48 INTERNAL WEAKNESS ANALYSIS 48 SUPPLY OF PHARMACISTS 48 LACK OF EMPLOYEES 48 LEGAL LIABILITY 49 SUMMARY OF INTERNAL STRENGTHS AND WEAKNESSES 49 STRENGTHS 49 WEAKNESSES 50 FINANCIAL ANALYSIS 50 LIQUIDITY 51 Inventory Turnover 51 Current Ratio 53 LONG-TERM DEBT-PAYING ABILITY 54 Debt / Equity Ratio 55 PROFITABILITY 56 Net Profit Margin 56 Return on Assets 57 ANALYSIS OF THE MISSION STATEMENT 58 ANALYSIS OF WALGREENS�� OBJECTIVES 61 STRATEGIC ALTERNATIVES 64 GROWTH 65 Advantages (growth concentration): 65 Disadvantages (growth concentration): 66 Advantages (growth diversification): 67 Disadvantages (growth diversification): 68 RETRENCHMENT 69 STABILITY STRATEGY 70 COMPETITIVE STRATEGIES 70 DIFFERENTIATION 71 FOCUS 71 IMPLEMENTATION 72 CONCLUSIONS 75 BIBLIOGRAPHY 77 APPENDIX 82 Table of Figures FIGURE 1 - INVENTORY TURNOVER 52 FIGURE 2 - CURRENT RATIO 53 FIGURE 3 - DEBT / EQUITY RATIO 55 FIGURE 4 - NET PROFIT MARGIN 57 FIGURE 5 - RETURN ON ASSETS 58 The Retail Drugstore Industry Introduction Knowing the importance of a strategic vision, every company undertakes a complete analysis periodically. In order to create a strategic plan the parties involved must know every aspect of the industry and the company at hand. The purpose of this paper is to describe and analyze the retail drugstore industry and then focus on Walgreens, the industry leader in terms of sales. As part of the in-depth analysis of Walgreens, its major competitors will also be described and analyzed. The retail drugstore industry consists of all those stores that contain a pharmacy and sell prescription drugs. It also includes businesses that sell prescription drugs online and through the mail. Most retail drugstores also offer other consumer goods and services to augment the low margin earned on prescription sales. To be considered a member of the retail drugstore industry requires sales of prescription pharmaceuticals to the end consumer. Many convenience, food and discount stores sell over-the-counter medicines, but these stores would not be considered retail drugstores because they do not also sell prescription medicines. Relevant Environment Competition: The relevant environment, which consists or interactions between the task environment and task environment, has been changing over the past 25 years. As competition has increased among grocery, discount and mass merchandising chains, blurring of channels has occurred. This is due to stores selling an increasing variety of goods to try to broaden their customer base and provide ��one-stop�� shopping. Many of these stores have added pharmacies as...
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