Walgreen's SWOT Analysis

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Walgreens was founded in 1901 and provides convenient access to consumer goods and services, pharmacy, health and wellness services (Walgreens.com). Walgreens has a conglomerate diversification business strategy which means they expand not only in pharmacy services but unrelated businesses such as health care clinics and in some areas Walgreens hosts 800 E.V. chargers. This type of business strategy helps to minimize risks due to fluctuations in one industry (Bateman, Snell 85). This type of corporate strategy is working very well for the Walgreens organization. The ability to service customer’s needs in a variety of needs is significant to a successful business. The Mission of Walgreens, “To be the most trusted, convenient multichannel provider and advisor of innovative pharmacy, health and wellness solutions, and customer goods and services in communities across America. A destination where health and happiness come together to help people get well, stay well and live well,” (Walgreens.com). This mission statement can be seen throughout the organization. The front line clerks are exceptionally helpful when a customer needs to locate an item, as well as the pharmacy staff explaining the directions of prescriptions to the patients.

A goal that would be attainable for Walgreens to achieve in the next two years would be to implement more Take Care Clinics into more of the stores throughout the country. Providing a clinic located in the Walgreen’s facility, reaches out to persons to have their prescription needs filled at the attached pharmacy. Pharmacists work closely with the physicians at the Take Care Clinic to provide the proper medications for the patients and can counsel more closely with the physician to any partic...

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...ally under WAG. Stock prices can be influenced by outside factor that can sway buyers on whether to buy or sell stock in Walgreens.

Works Cited

Francella, Barbara Grondin. “Walgreens: The Future of C-Store Competition?.” Convenience Store News 36.12 (2000): Business Source Premier. Web. 26 Feb. 2012

Frederick, Jim. “Walgreens Continues Overhaul With Purchasing, Store Cganges. (Cover Story).” Drug Store News 31.6 (2009): 1-8 Business Source Premier. Web. 26 Feb. 2012

Garbato, Debby. “A Model Of Efficiency.” Retail Merchandiser 44.6 (2004): 16-20. Business Source Premier. Web. 26 Feb. 2012

McConnon, Aili. “To Catch A Whole Gang Of Thieves.” Businessweek 4130 (2009): 13. Business Source Premier. Web. 26 Feb. 2012

McCormack, Karyn. “Walgreen’s Dose Of Bad News.” Businessweek Online (2007): 11. Business Source Premier. Web. 26 Feb. 2012

www.walgreens.com

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