...Introduction Walgreen Co. and CVS/Caremark are two of the largest retail drugstore chains in the United States, offering consumers a variety of basic consumer goods including household products, convenience foods, personal care, beauty care, photofinishing, and seasonal items, as well as over-the-counter and prescription medication. In addition to their well-known retail pharmacies, both companies also operate a health services health and wellness division. Within the retail pharmacy industry CVS/Caremark and Walgreens continually battle for the retail position. This document will offer an overview and basic competitive analysis of the two companies. Background Location & Type of presence (brick and mortar, or internet) According to the CVS/Caremark 2011Annaul Report, page 23; as of December 31, 2011, the CVS/Caremark Retail Pharmacy segment operated 7,327 retail drugstores with 7,271of these retail stores operating a full service pharmacy. Their stores are located in 41 states and the District of Columbia and Puerto Rico. Additionally, within these retail stores operate 657 health care clinics conducting business under the Minute Clinic name. The retail pharmacy stores operate primarily under the CVS/pharmacy or Longs Drugs names. In addition, the Pharmacy Services segment operates under the names CVS Caremark Pharmacy Services, Caremark, CVS Caremark, Care Plus CVS/pharmacy, Care Plus, and Rx America to providing pharmacy benefit management services to employers, insurance...
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...Name: CVS Health Corporation Description: CVS is the country’s number two drugstore chain and pharmacy benefits manager operating retail and specialty drugstores. In addition to its traditional retail locations, CVS also operates its Caremark Pharmacy Services and several stores inside Target locations. With the move away from traditional healthcare, CVS also supplies MinuteClinics in more than 900 retail stores.[1] CVS/Pharmacy, the name of the retail space where more than five million customers are served daily, offers pharmacy care from over 24,000 pharmacists as well as beauty, convenience, and healthcare products covering all areas.[2] Number of locations: 9,500+ (most current)[3] Target customer: The average age of CVS customer is 39. Based on CVS’s diverse beauty department, their target market largely consists of women. In fact, 80% of their customers are women.[4] Contact Person: Bettina Tonelli-Sippel, Category Manager, Healthcare Why: CVS has enjoyed considerable sales growth since 2010. In the last fiscal year, 2014, the company saw revenue rise by 10% to $139.4 billion, led by its Pharmacy Services and recent acquisitions. It’s retail sales grew by 3% as the company enters new markets, add locations in existing markets, and relocates existing stores to more convenient locations. In 2014, CVS Caremark formally changed its name to CVS Health, signaling a transition towards being more health-oriented. Paired with this change was the...
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...Walgreens: Strategic Evolution 1 America’s largest drugstore chain, Walgreens, had 8,210 locations by 2011, including 7,761 drugstores. Almost 75 percent of Americans lived within five miles of a Walgreens pharmacy, and more than 6 million customers were served each day. Walgreens issued more than 800 million prescriptions annually, representing 20 percent of the U.S. market. Its online business, Walgreens.com, had almost 17 million visitors per month. Walgreens’ strategy had evolved for more than a century in business. By 2012, the company faced a number of major strategic questions, including international expansion and a changing health care environment. History of Pharmacy2 People have been trying to create remedies for illnesses and ailments since the beginning of time, but most historians credit Babylon with the first organized apothecary. This was followed by the Romans, who created a system of pathology and therapy that became standards for Western medicine for more than 1,000 years. For the most part, though, pharmacy remained a sketchy and shadowy business for centuries, practiced by (among others) witch doctors and alchemists. Advances in medicine and the Renaissance era led to more structured and scientific approaches. In 1240, German Emperor Frederick II issued a proclamation establishing the practice of pharmacy along three tenets: (1) separation of the pharmaceutical profession from the medical profession; (2) official supervision (regulation) of pharmacy; and...
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...CVS Caremark Business Analysis Part I University of Phoenix CVS Caremark Business Analysis Part I Investing mutual funds involves many aspects of confidence and knowledge when considering potential companies. One must know a company from the inside and out so they know exactly what their money is being used for. Having this knowledge means investors will not think twice about investing because they will feel confident that the company will provide a return on their investment. By performing a SWOT Analysis and examining how a company will fulfill the needs of internal and external stakeholders, investors will see what the current state of company is and what the foreseeable future holds. SWOT Analysis A SWOT Analysis is a planning tool used to analyze an organization’s strengths, weaknesses, opportunities, and threats (Nickels, McHugh, & McHugh, 2010). CVS Caremark is the potential client that this SWOT Analysis will be conducted on in order to determine if they are the proper suitor for investors. Company Overview CVS was founded in 1963 as a company that specialized in health and beauty products. Over time pharmacies were added, and CVS quickly grew in store locations over the next 4 decades by buying smaller pharmacy chains (“Our Company,” 2012). The big change in CVS occurred in 1997 with the purchase of the Revco pharmaceutical chain. Revco and its 2,500 store chain was now a part of the CVS brand and this quickly established CVS as a powerhouse in...
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...limitations of the existing operating statements presented - No calculation required Part b - you might want to start with the briefly explanation on the differences between fixed and flexed budget - discuss the limitations of the fixed budget - discuss why flexed budget is useful - discuss the step by step on how the spreadsheet software can be used to setup the flexed budget - in the step by step, you need to clearly identify the format required and the formula need to be included so that the user to key in the budget, and actual and the system will automatically calculate the flexed budget and the variance. - Remember in flexed budget: only the variable cost need to be recalculated. Part C - You need to explain clearly whether the zero based budgeting is suitable for United Consultancy (for each justification, the example should be provided) - you need to discuss the advantages and disadvantages of zero based budgeting - for each of the advantage and disadvantage, you need to provide example. Remember: Harvard referencing format with both in-text and summary of references must be...
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...surname of the first author and et al Donn, Routh, and Lunt (2000) explore the history of clinical training . . . Subsequently: Donn et al. (2000)……. If there are six or more authors then start with et al. Jansen et al. (2012) find that the reasons of smoking…….. Reference(s): Books Common format: Surname, Initials. (Date). Title (ed.). Place of publication: Publisher Examples: Comfort, A. (1997). A good age. London: Mitchell Beazley Wit, J. S., Poneman, D. B., & Gallucci, R. L. (2004). Going critical: The first North Korean nuclear crisis. Washington, DC: Brookings Institution Press Roeder, K., Howdeshell, J., Fulton, L., Lochhead, M., Craig, K., Peterson, R., et.al. (1967). Nerve cells and insect behavior. Cambridge, MA: Harvard University Press If you want to refer a chapter of a book, then the format is Surname, Initials. (Date). Chapter title. In Editor initial(s). Editor surname (Ed.), Book title (pp. page numbers). Place of publication: Publisher Example: Blaxter, M. (1976). Social class and health inequalities. In C. J. Carter (Ed.), Equalities and inequalities in health (pp. 120-135). London: Academic Press Reference(s): Journal Articles Common Format: Surname, Initials. (Date). Title of article. Title of Periodical, volume(issue number), page numbers Examples: Wharton, N....
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...Prepare for meetings Submission details Candidate’s name | Pritpal Sandhu | Phone no. | 0455367169 | Assessor’s name | Pritpal Sandhu | Phone no. | 0455367169 | Assessment site | | Assessment date/s | | Time/s | | The Assessment Task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor. Submit this document with any required evidence attached. See specifications below for details. Performance objective Candidates are to demonstrate the skills and knowledge necessary to prepare for a meeting in accordance with organisational requirements. Assessment description For this assessment candidates are required to prepare for a meeting to be conducted in their workplace. Candidates who are not currently employed are required to prepare for a meeting to be conducted in a simulated workplace. Note: The work completed for this Assessment Task provides the basis for Assessment Tasks 2 and 3. Ensure you keep an electronic and/or hard copy of this completed assessment for future use. Procedure 1. Review Appendix 1 ‘Assessment Task 1 submission form’ and use this document to complete this assessment. 2. For those completing this assessment in the workplace, identify a meeting to conduct in your workplace. 3. For those completing this assessment outside the workplace, choose one of the following meetings to conduct in a simulated workplace. a. Agree on a business retreat destination...
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...do not want to see a summary of each force. State the important force that supports your answer. FORMAT All case assignments must follow a simple memorandum format with the following sections: 1. The paragraph, a short one, must contain a sentence must stating the response to the required topic. For example, if a recommendation is required, the sentence might start with “I recommend . . .” or “This is to recommend that . . .” If a question is given, the sentence must respond to the question directly. The paragraph should also contain a summary of the justification for the response. 2. The next paragraph or two should contain the justification for the response along with supporting data or information. The latter would be a reference to a concept in Strategic Management and should include facts and information in the case. Stick with information and data provided in the case, materials taken from other sources are not acceptable. 3. A concluding statement. This should allow students to keep their case assignments to a one page limit. The purpose for imposing this format is to encourage students to focus on what is important and avoid unnecessary information. Place name and date on the upper right hand corner. SUBMISSIONS RULES AND GRADES Written Assignments must be submitted by the beginning of class. These must follow the required format above, be typed, printed in a font of a size similar to what is used in this document, with adequate...
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...This set of 28 questions, taken from prior examinations, covers topics in Chapters 1, 2, 3, 4, and 5. The purpose of sample multiple choice questions is to acquaint you with the style and substance of typical exam questions over this material. Please be aware that: 1. multiple choice format questions are only one of many resources available to prepare for testing events – reading textbook chapters and working through chapter examples, studying the end-of-chapter review problem and accompanying solution, and reviewing assigned homework items and the published solutions may be more powerful methods to increase your understanding of the topics covered in the course. 2. the exam questions used this quarter will be similar but different from these example questions – understanding the main concepts in each chapter is critical to success on the testing events; remembering a sample question may be of some help but the format of a question on the same topic often differs rendering memory a distant second choice to understanding. The Questions: 6. Scheney Company uses the weighted-average method in its process costing system. The company's work in process inventory on March 31 consisted of 20,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 70% complete with respect to labor and overhead. If the cost per equivalent unit for March was $2.50 for materials and $4.75 for labor and overhead, the total cost in the...
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...Accounting Format – Cells above each other hundreds/tens/ones place Custom Value: positive value; negative values; zero; text [green]?”$”;[red](?);”ZERO!”;”Why text?” - Use @ for numbers typed AKA repeat back Ctrl + : to get current time Ctrl + ; to get current date Custom format d = 7 or 17 dd = 07 or 17 ddd = sex dddd = sex-feira File > Options > Advanced > Edit Custom Lists > Import To program an autofill list feature where other names are filled in after Fill > series > weekdays > step: 5 Gets you Jan 1, Jan 6, Jan 11 Format number for dates gives you # of days since 1-1-1900 Conditional Formatting Conditional Formatting > Top/Bottom > Bottom 10% Green light to 20% best; Red 20% least; Yellow to middle Conditional Formatting > Icon Sets > Lights Conditional Formatting > Manage rules Green > 80 percent Yellow < 80 percent but > 20 percent Red =OR(Month($A3)=11;Month($A3)=12) - Where A3 is the title cell like “Birth Date” Make all lines with Dog the color blue Conditional Formatting > New Rule > Formula to determine which cells to format =$B4 = “Dog” Formal > Fill > Blue Color in red dogs born on Wednesday =And($B4 = “Dog”; weekday($F4)=3) Color in red dogs born on Wednesday or Thursday =And($B4 = “Dog”;Or(weekday($F4)=3; Weekday($F4) = 4)) = Iseven(Row(1)) Themes Cell style > Right...
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...Language/P3 3 NSC – Memorandum DBE/Feb.–Mar. 2014 SUGGESTED APPROACH TO MARKING SECTION A: ESSAY Refer to SECTION A: Rubric for Assessing an Essay found on page 8 of this memorandum. CRITERIA USED FOR ASSESSMENT CRITERIA MARKS CONTENT AND PLANNING 30 LANGUAGE, STYLE AND EDITING 15 STRUCTURE 5 TOTAL 50 1. Read the whole piece and decide on a category for CONTENT AND PLANNING. 2. Re-read the piece and select the appropriate category for LANGUAGE, STYLE AND EDITING. 3. Re-read the piece and select the appropriate category for STRUCTURE. SECTION B: LONGER TRANSACTIONAL TEXT Refer to SECTION B: Rubric for Assessing Longer Transactional Texts found on page 9 of this memorandum. CRITERIA USED FOR ASSESSMENT CRITERIA CONTENT, PLANNING AND FORMAT LANGUAGE, STYLE AND EDITING TOTAL MARKS 18 12 30 1. Read the whole piece and...
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...state of Kentucky for business, exercise #12, pg. 308-309. Read over your options and choose carefully. All the options are relatively equal regarding difficulty and time requirements; don’t let the varying length of the assignments fool you. Additionally, don’t forget that if you have a “real life” alternative to any of the above choices, feel free to use it instead. However, don’t forget to clear it with me well before the due date. Format Requirements: The format required for this assignment will vary depending upon the option you choose. Be careful to follow the instructions in the textbook for the option you choose. Remember to follow the AIDA model and use the persuasive message checklist (pg. 288). Document must be typed. What follows is a rubric for the assignment. Rubric: This assignment is worth 50 total points. _____ 35 Content. Information is clearly expressed in paragraphs and is relevant. Follows conventions of a persuasive message. _____ 5 Document is in proper format. _____ 10 Document is free of major errors in...
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...contributions/donations, and miscellaneous. Yes. Yes. General government, judicial, security/person & property, physical environment, mental and physical health, and culture and recreation. Yes. Yes. Yes. Yes. No. No. b) Look at the Budgetary Comparison Schedule in the RSI section of your annual Report (or Budgetary Comparison Statement, if that is used by your government) for the General Fund. Is the budgetary format used, or is the schedule in the format used for the Statement of Revenues, Expenditures, and Changes in Fund Balances? Does the report reflect the original budget, revised budget, and actual figures? Are variance columns presented comparing the actual with the revised budget and comparing the original with the revised budget? Is reconciliation between the budgetary basis of accounting and GAAP presented on the budgetary comparison schedule or in a separate schedule? What are the major differences, if any? Are budgetary comparison schedules (or statements) presented for special revenue funds? Are all special revenue funds included? The format used is the statement of revenues,...
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...1 CASE ANALYSIS FORMAT LECTURED BY: DR. LEMUEL L. MAGRACIA Introduction The case analysis will be presented using this format. The Format: Case Analysis Viewpoint Time Context Executive Summary (Optional) Statement of the Problem Statement of Objectives Areas of Consideration Assumptions Alternative Courses of Action Analysis/Discussion Conclusion and Recommendation Plan of Action Viewpoint Any person who is a decision maker or who is capable of recommending a solution as mentioned in the case or any consultant hired to recommend a solution. Time Context Generally, it delineates the take-off point of the analysis. Executive Summary (Optional) This summarizes the case being analyzed. Statement of the Problem This defines the problem presented in the case and which is the subject of the analysis to be solved. Can be presented in declarative or interrogative form Statement of Objectives These are the goals which the case analysis hopes to achieve. They basically satisfy the test of SMART: Specific, Measurable, Attainable, Realistic, and Time-bound. Areas of Consideration Defines the internal and external environment of the company discernible in the case. Showing its SWOT as the output- strengths and weaknesses (Internal Environment) as well as its opportunities and threats (External Environment). Assumptions Defines other factors affecting the company which may not have been specifically stated in the case but need to be assumed to better...
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...1.What should be the format and final form of the store manager's job description? In my opinion, there is no format or final form of the job description. But the store manager’s job description should include the job identification, job summary, responsibilities and duties, authority of incumbent, the standards of performance, working conditions and Job specifications. I recommend that Jennifer include standards of of performance section in job description. In this, the standards that the employee expected to be achieved under each job description’s main duties and responsibilities, is listed. It will also address the problem of employees such as not understanding the company policies, procedures, and expectations. In addition I recommend that Jennifer should take a competency-based approach instead. This competency based approach describes the job in terms of the measurable, observable, behavioral competencies that an employee who perform the job must have. The competency analysis is more worker focused. This is due to it focuses more on ‘how’ the worker meets the job’s objective or actually accomplishes the work. 4. What in your opinion, should the store manager,s job description look like and contain? In my opinion the store manager’s job description should look like: Job Description of store manager Job Title: Store manager| Company name: Carter Cleaning Company| Job Type: Manager| Location: Allista Towers| Division: Management Occupations| Non/Residence Status: Both|...
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