Pharmacy and Drugstore Sector Essay

STAND OF ITEMS 1TABLE OF FIGURES 2THE RETAIL DRUGSTORE INDUSTRY 3BUSINESS ACTIVITIES 7INDUSTRY OVERVIEW 7BACKGROUND 8MODERN DRUGSTORES 8CURRENT BUSINESS AND COMPOSITION 9CURRENT CONDITIONS 10FUTURE SECTOR PERFORMANCE 13HISTORY OF WALGREENS 16COMPETITIVE ANALYSIS 20RITE AID CORPORATION 20CVS CORPORATION 25DRUGSTORE. COM 29CUSTOMER PROFILE 32EXTERNAL OPPORTUNITY EXAMINATION 34EXTERNAL THREAT ANALYSIS 39SUMMARY OF EXTERNAL OPPORTUNITIES AND THREATS 41OPPORTUNITIES 41THREATS 42INTERNAL STRENGTH RESEARCH 42FINANCIAL DURABILITY 43PRODUCT INNOVATION 44HISTORY 45GROWTH RATE OF STORES 46MANAGEMENT TEAM 48INTERNAL WEAKNESS EXAMINATION 48SUPPLY OF PHARMACISTS 48LACK OF PERSONNEL 48LEGAL THE LIABILITY 49SUMMARY OF INTERNAL STRENGTHS AND WEAKNESSES 49STRENGTHS 49WEAKNESSES 50FINANCIAL EVALUATION 50LIQUIDITY 51Inventory Turnover 51Current Ratio 53LONG-TERM DEBT-PAYING ABILITY 54Debt as well as Equity Ratio 55PROFITABILITY 56Net Profit Margin 56Return on Assets 57ANALYSIS OF THE MISSION STATEMENT 58ANALYSIS OF WALGREENS' OBJECTIVES 61STRATEGIC ALTERNATIVES 64GROWTH 65Advantages (growth concentration): 65Disadvantages (growth concentration): 66Advantages (growth diversification): 67Disadvantages (growth diversification): 68RETRENCHMENT 69STABILITY STRATEGY 70COMPETITIVE STRATEGIES 70DIFFERENTIATION 71FOCUS 71IMPLEMENTATION 72CONCLUSIONS 75BIBLIOGRAPHY 77APPENDIX 82Table of Figures FIGURE 1 - PRODUCTS ON HAND TURNOVER 52FIGURE 2 -- CURRENT RATE 53FIGURE three or more - DEBTS / VALUE RATIO 55FIGURE 4 - NET EARNINGS MARGIN 57FIGURE 5 -- RETURN UPON ASSETS 58The Retail Drugstore Industry IntroductionKnowing the importance of the strategic eyesight, every organization undertakes a completeanalysis periodically. In order to make a strategic plan the functions involved must knowevery part of the sector and the organization at hand. The purpose of this paper is todescribe and examine the full drugstore market and then give attention to Walgreens, theindustry leader when it comes to sales. As part of the in-depth analysis of Walgreens, itsmajor competition will also be defined and reviewed. The retail drugstore industryconsists of all these stores that contain a chemist and sell prescription medications. It alsoincludes businesses that sell prescription medications online and throughout the mail. The majority of retaildrugstores present other customer goods and services to reinforce the low margin earnedon health professional prescribed sales. To be considered a member of the price tag drugstore industryrequires sales of prescription pharmaceuticals to the end consumer. A large number of convenience, food and low cost stores sell over-the-counter medications, but these retailers would not beconsidered retail drugstores because they do not also sell prescription medicines. Relevant Environment...

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