...– 002 February 25, 2014 Essay 2 CVS Caremark Steven Graham 1834-5319 Background and Introduction of CVS Caremark Decision On February 5th CVS Caremark announced that they would cease the sale of cigarettes and other tobacco products in its stores. This measure is scheduled to begin by October 1, 2014. Once this action is taken, CVS Caremark will be the first national pharmacy chain to drop the sale of tobacco products. The President and CEO of CVS Caremark, Larry Merlo, stated the following, "Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for us to do for our customers and our company to help people on their path to better health." Tobacco sales represent $2 billion in annual revenue for CVS Caremark. This is causing many to question if this is a good move for CVS Caremark. Analyzing this Decision with Respect to Key Stakeholders It seems crucial to analyze the aforementioned decision with respect to three key stakeholders. The stakeholders that will be analyzed are CVS Caremark employees, shareholders, and customers. This is not an exhaustive list of stakeholders, but it represents fundamental primary stakeholders. Employees of CVS Caremark have a significant stake in the company’s decision to drop the sale of tobacco products. Some employees may fear the significant profit loss that this decision represents. This fear would likely be compounded by the lack of details that CVS Caremark has provided on how they will...
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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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...CVS Web Strategy Case Analysis Brandon Matthews 9/30/2009 1 Overview Introduction Consumer Value Stores, better known as CVS opened its doors in 1963 as a health and beauty supply store in Massachusetts. Since then it has evolved to one of the largest retail pharmacy chains in North America. In 1999, CVS was faced with a new business strategy. It appeared that there was a lot of traffic on Wall Street involving online pharmacies. The consumer and stakeholder demand for a strategic web presence for companies, with no exception of pharmacy giants like CVS, pressured the executives to implement a business strategy of incorporating its pharmaceutical retail services with the web. Helena Foulkes, Vice President of Marketing at CVS, was charged with ensuring that this new business strategy succeeded. CVS acquired a web company, Soma.com whose entire business strategy was similar to what CVS was attempting to achieve. Foulkes was faced with critical strategic challenges in transforming their new Information Technology (IT) initiative, Soma.com, to CVS.com. In this paper, we will introduce the retail pharmacy industry and its protagonists, achieve a bird’s eye view of CVS’s organizational structure, understand who CVS’s customers and competitors are, introduce the term Alignment Link in terms of overall strategy, implement the SWOT analysis tool to gauge ...
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...CVS Caremark Organizational Analysis James P Miller Strayer University BUS 310 Professor Frevert Abstract CVS Caremark established 1963, has been expanding every year since their inception. With over 7,000 retail locations they face many human resources challenges. It essential for CVS to understand what HR challenges they face to make informed decisions; beneficial to the company stakeholders and employees. Hr decisions affect not only the employee’s but the company’s social opt squat. These resolutions include recruitment of highly skilled workers, company policies, labor relations, training and diversity, management of multiple locations, global business environments, employee compensation and benefits, and legal compliance. In addition, CVS human resources have to align optisquat with the mission and values of the company. CVS Caremark Organizational Analysis CVS Caremark is a pharmacy health care provider in the U.S. They provide pharmacy services, which includes mail order pharmacy services, specialty pharmacy services, plan design and administration, formulary management and claims processing; and Retail Pharmacy, which sells prescription drugs and a range of general merchandise, including over-the-counter drugs, beauty products and cosmetics, photo finishing, seasonal merchandise, greeting cards and convenience foods. As of Dec. 31, 2011, CVS has approximately 7,300 CVS/pharmacy retail stores. (CVS Care mark, 2011) CVS...
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...HEALTH RESEARCH AGENDA SETTING IN REGION 2 Center for Health Development for Cagayan Valley (CHD-CV) Department of Science and Technology (DOST) National Economic and Development Authority (NEDA) FOREWORD The current thrust of the Department Of Health conceptualized by no less than the Hon. Secretary Himself, Dr. Francisco T. Duque, III, coined as FOURmulaONE aims to “undertake critical reforms with SPEED, PRECISION and EFFECTIVE COORDINATION directed at improving the efficiency, effectiveness and equity of the Philippine Health System in a manner that is felt and appreciated by the Filipinos, especially the poor”. Now, more than ever, the health of the Filipino people should not be the sole responsibility of DOH through CHD-CV (as initial chair of the Regional R&D Coordinating Council of the consortium) rather the unified efforts of allied agencies/institutions, NGOs and most importantly, the individual himself. Unfortunately, many areas in the country, Region 02 included, have little or no access to information that affect the environment and people’s health. As a consequence, people live their lives without the benefit of some precautions that they may observe in order to safeguard their well-being. It is in this light that through the stewardship of PCHRD, through its Executive Director Jaime C. Montoya and DOST Regional office through Dir. Rustico B. Santos, DOHCHD-CV through Dir. Purita S. Danga and her Asst. Dir.,Dr. Tita N. Callueng; NEDA. Dir Milagros Rimando;...
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...Community Regional Health Assisted Living Facility Expansion Project Table of Contents Project Charter 3 Project Scope Statement 7 Risk Register 10 Scheduling and Milestone Identification 14 Work Breakdown Structure 16 Cost Management Overview 17 Project Budget 21 References 24 Project Charter The project charter often intertwined with the project plan, “is the document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the proper manager with the authority to apply organizational resources to project activities” (PMI, 2013, p. 71). To clarify, this should “contain information that, at any time, the project manager knows what remains to be done, when, with what resources, by whom, when the task will be completed, and what deliverables the output should include” (Mantel, 2011, p. 79). As such, this document can be referenced throughout the life cycle of the project to clarify any questions regarding purpose and deliverables. “A significant part of the value of a project charter results from the dialogue that should surround its creation” (Moore, 2010). Therefore, the goals and descriptions included should be clear and concise. In addition, stemming from several discussions and roundtables conducted before the charter’s inception. Because this document will be available to all stakeholders, the language must be readable by all, meaning the use of jargon or terminology specific to the organization managing...
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...Monday 09 February 2015 Saved Jobs (0) Hi OLUWATOBI (Not OLUWATOBI?) | Logout Search and apply for jobs on the go My Account Search Jobs View CV Modify CV Jobs by Email My Applications My Settings Career Tools 122,073 jobs from 9,477 companies Big Red Recruitment Midlands Limited Applied You have already applied for this job. Click to see all of your applications. Job Title IT Systems Analyst Salary/Rate£41000/annum PensionLocationTamworthPosted 19/01/2015 (18:44) Agency/EmployerBig Red Recruitment Midlands LimitedDescription Dynamic, forward thinking, market leading - just a few words to describe this rapidly expanding Global business. This UK Market Leader is seeking someone who can work from the ground up in defining first class solutions for their business. They are looking for a Business Analyst with experience across broad areas within IT focusing on implementation of new systems. ROLE: IT Systems Analyst SALARY:GBP41,500 per annum plus 3% non-contributory pension, 25 days holiday + additional benefits LOCATION:Tamworth Commutable from Nuneaton, Coventry, Birmingham, Sutton Coldfield, Solihull, Market Harborough, Leicester, Loughborough, Rugby, Leamington Spa, Warwick, Tamworth, Burton-upon-Trent, Derby DUTIES & RESPONSIBILITIES The Systems Analyst will be working on business driven projects to encompass various software implementations across differing environments within the business and the review and enhancement of existing...
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...It is against this background that this assignment serves to examine the best economics methods to be used in flood management hence giving recommendation on how best these economics methods can be applied. Economic theory and concept The first thing to do to measure the benefits of flood risk reduction is to assess the risky associated with flood disasters (Goodstein, 2008:147). In this view it is important to understand the behaviour and frequency of occurrences of flooding for flood risk management (Gilau, et al 2011). Some of the risks associated with floods are; - Health risk: Overflowing of sewage ponds pose a serious threat to increase cases of acute waterborne disease such as diarrhoea and cholera. - Impact on education: Schools are either submerged or inaccessible thus affecting the children ability to...
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...Walgreens Corporate Culture……………………………………………….………...…….…..7 Walgreens Stakeholders……………………………………………………………………….…8 Executive officer of Walgreens……………………………………….………………………….8 Walgreens Development Process………………………………………………………………...9 SWOT Analysis……………………………………….………………………………………….10 Goals ……………………………………………………………………………………………...15 Walgreens’s Implementation plan ………………………………………………………..........19 Walgreens’s Approval Strategies Plan:……………..………………………………….............20 References…………………………………………………………….…………………………..21 Appendices:……………………………………………………….…….….……………….…….23 An Executive Summary: With a variety of 70,000 health care service providers, Walgreen offers consumers and patients the support that reliefs them live a “well” life. Walgreen has more of 26,000 pharmacists at more than 7,500 stores across the country (Walgreen, 2011). The patients trust in Walgreen’s pharmacist in the moment, to take decisions. They provide information about health and wellness needs, and ensure they get their medication and immunizations in a timely and caring environment. At the same time, Walgreen is transforming and enhancing the role of community pharmacy. The Company has the largest retail network of pharmacists certified. The Company expands the role of pharmacists to provide quality, accessible care. In addition to pharmacists and pharmacy technicians, the Company’s unparalleled network of trusted health care advisors includes nurse practitioners, doctor assistants, home care...
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...All interviews were audio-recorded and transcribed Verbatim for thematic analysis. Three members of the research (HM, CW and CS) team independently read and re-read each transcript in order to achieve as broad an understanding of the content as possible. A thematic analysis was conducted using open coding and then axial coding and, in keeping with Grounded Theory, no pre-specified hypotheses were established. As the concepts arose, the three researchers, in the margins of each transcript, independently coded them. Among the various key concepts uncovered in the transcripts were: “time,” “conflict,” “concern,” “prioritization,” “defer,” “evidence-based,” “impacts,” “benefits,” “prevention visit,” Non-prevention visit,” “time consuming,” “ easy...
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...component of the corporate world helping to build financial foundations that encourage long term growth and profitability. Cost accounting is the managerial financial budgeting tool of the accounting domain that deals specifically with cost and production. Cost accounting assists companies to understand the cost of product versus service and this helps to prepare bids and proposals and assembles information for planning and control which are needed to evaluate performance. Any business can use cost accounting but it is most effective with corporations that manufacture mass produced products and have a large employee base. Cost accounting is also becoming a valuable asset within the medical industry. In the ultra-competitive market of health care, hospitals are using price strategies, one of the new methods used in accounting, to entice customers and keep patients happy. Cost accounting techniques have developed as quickly as industry has in the 21st century. Basic accounting has become antiquated as new, creative approaches to financial stability emerge. Methods such as ABC (Activity Based Costing) and ABM (Activity Based Management) where price is matched to the resource and the activity that uses them, have become the modern tool for both structural and execution cost management (Fotache & Fotache, 2009). The GPK (Grenzplankostenrechnung) is an approach used mostly in European countries and deals with the cost of unused capacity. ERP or Enterprise...
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...http://www.5dmag.com/wp-content/uploads/2010/08/bottled-istock.jpg QUENCH BUSINESS PLAN 1) COMPARISON OF EFFECTUATION AND CAUSATION MODELS NAME: HAMIDULLAHSHIRZAI STUDENT ID: B0627MHMH0213 COURSE: MBA (FEBRUARY) SUBJECT: MSE SUBMISSION DATE: 17.04.2013 ABSTRACT This is a business plan for a new venture called Quench and in this Plan different business theories are used and different marketing Tools and techniques are highlighted in order for a new business to begin its new venture efficiently and effectively. The report covers all the relevant techniques can be used in developing a new venture 1.0 Introduction The word entrepreneur is derived from the French word “entreprendre” that means to eundertakei.i.e... The person who undertakes the risk of new enterprise. The word entrepreneur, consequently, first acted in the French language in the commencement of the sixteenth century. The word was also applied to the leaders of military expedition. But it was Richard Cantilon, an Irishman, living in France who first used the term entrepreneur to refer to economic activities. According to Cantilon: “an entrepreneur is a person who buys factor services at certain prices with a view to selling its product at uncertain prices.” Thus, to Cantilon, an entrepreneur is a carrier of risk which is non-insurable. One of the most well-known French economists Jean Baptiste Say defined the term entrepreneur in an expressive manner. According to J.B Say: “an entrepreneur...
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...Recruitment and Selection process of Airtel Bangladesh Limited: An Evaluation CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY This report is prepared to fulfill the partial requirement of the Internship program of the Evening MBA program of the Department of Management Studies, University of Dhaka. Similar to any other university or business school after completion of the MBA program (academic courses) every student must have to complete the internship program as a required course for the degree of MBA. The main purpose of the program is to know the real life situation. The topic of my report is “Recruitment and Selection Process on Airtel Bangladesh Limited: An Evaluation”. In the age of globalization and the modernization mobile phone has become a more important item to stay connected to their nearest and dearest ones. Not more than ten years before, people could not imagine about mobile phone which was considered to be luxury phone. But now people cannot think without the mobile phone and considered to be a necessary item. There are in total six telecommunication operators operating throughout Bangladesh. The six telecommunication operators are- Grameenphone Ltd, Airtel Bangladesh Ltd, Robi Axiata Ltd, Banglalink, Teletalk and City Cell. In Bangladesh, Airtel Bangladesh Limited is one of the fastest growing mobile service providers and is a concern of Bharti Airtel Limited, a leading global telecommunications service provider. The company offers a wide...
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...[pic] Executive Summary Human organization activity is simply the act of getting people together to accomplish desired goals. Any organization, whether new or old, small or big needs to run smoothly and achieve the goals and objectives which it has set forth. For it develops and implements its own Human Resource Management concepts. As such, the basic functions of HRM, broken down into seven different areas, allow for it to handle the strategic, tactical and operational decisions for the organization. The seven functions of HRM are: Planning, Recruiting, Selection, Socialization, Training and Development, Performance Appraisal, Compensation, Labor relation, and Motivation function Beximco Pharma (BPL) is a leading edge pharmaceutical company based in Bangladesh and is acclaimed for its outstanding product quality, world-class manufacturing facilities, product development capabilities and outstanding professional services. Its strategic strengths include strong recognition of brands, highly skilled work force and diversified business mix. Being a Learning Organization the core essence of Beximco Pharma is its entrepreneurial spirit in every sphere of its management. In this spirit, the tasks of each managerial function are carried out through HRM. In this report, we have tried our best to exemplify how the basic functions of HRM are exercised in Beximco Pharma. We have analyzed BPL’s several functions: planning, recruiting and selection, training and development, performance...
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...PLAN & FORECASTING IN BPL 11 CHAPTER 4: RECRUIT & SELECTION PROCESS IN BPL 12-24 4.1 RECRUIT & SELECTION 13 4.1.1 RECRUITMENT OBJECTIVES 14 4.1 .2 RECRUITMENT PROCESS 14 4.1.3 SOURCE OF RECRUITMENT 14 1.INTERNAL SOURCE 15 2. JOB POSTING PROGRAMS 15 3.DEPARTING EMPOLYES 15 4.EXTERNAL SOURCE 15 5.ADVERTISEMENT 15 6. EMPLOY REFERRALS 15 7.EMPLOYMENT EGENCY 16 8.WALK-INS AND WRITE INS 16 9.CONSULTING THE CV BAnk 16 4.1.4 SELECTION PROCESS 16 4.2. SELECTION PROCESS 22 4.2.1 INDUCTION & PROBATION PERIOD FOR NEW EMPLOY 23 4.2.2 JOB DESCRIPTION 23-24 CHAPTER: 5 TRAINING & DEVELOPMENT PROGRAM OF BPL 24-32 5.1 TRAINING & DEVELOPMENT PROGRAM OF BPL 24 5.1.2 INDUCTION TRAINING 24 5.1.3 CLASSROOM TRAINING 24 5.1.4 OFF THE JOB TRAINING 25 5.1.5 ON-THE-JOB TRAINING 25 5.2 EMPLOYMENT DEVELOPMENT 27 5.3 TYPES OF TRAINING 27 5.3.1 TRAINING PROCESS 28 5.4 EVALUATING THE RESULT 28 5.5 TRAINING AIDS 28 5.6 PERFORMANCE APPRAISAL 28 5.7 EMPLOYEE COMPENSATION 29 5.8 MOTIVATING EMPLOYEES IN BPL 32 5.9 HEALTH AND SAFETY 32 CHAPTER: 6 RECOMMENDATONS 33-35 6.1RECOMMENDATION 33 Chapter 7: CONCLUSION 36 7.1BIBLIOGRAPHY 37 Chapter: 1 Introduction 1. EXECUTIVE SUMMARY Human Resource Management (HRM) is a relatively new concept in Bangladesh. It was a few years ago that this was considered as a part of the administrative...
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