Walgreens Strategic Management

Generally, strategic management is a set of managerial decisions and actions that determines the long-term performance of a company, involving both internal and external environmental scanning, strategy formulation, strategy implementation, and evaluation and control. According to the study of strategic management, the corporation should concentrate on monitoring and appraising outside opportunities and threats based on an organization’s strengths and weaknesses (Thomas Wheelen and David Hunger, 2012). Along with the rapid development of economy and society, the companies have to own skills to adapt, cater, and transfer new knowledge, and try to modify their activities to reflect insights. Strategic management evolves…show more content…
In addition, this evolution is not only shows on top management, but also reveals on all level of participators in the organization. They contribute to scan the environment for vital information, advise innovations to future plans and projects to take advantage of environment changes, and cooperate with others to constantly enhance work methods and processes. The company needs to make appropriate shifts through strategic management because of current dynamic and complex environment. As a result, strategic management is an evolution and a destination. Furthermore, there are four essential phases of strategic management also illustrate its features, and the corporation always evolves different phases to deal…show more content…
Based on the company’s principles, they are devoted to honestly, trust, and integrity with its consumers, shareholders, suppliers, and the communities it serve. The quality of every product and service is consistent and premium in every touch point and channel. Additionally, the company is “caring, compassionate and driven to delivering a great customer and patient experience through outstanding service and a desire for healthy outcomes” (Walgreens, 2016). Thus, the 2016 goals and objectives is to champion everyone’s right to be happy and

More about Walgreens Strategic Management

Get Access