A Strategic Management Case Study on
CVS Caremark Corporation
By: Carter Vaillancourt, Megan Land, and Emily
Michaud
UMFK
Company Overview
•A brief history of CVS
•Existing Mission and
Vision
•Existing Strategies
•New Mission and Vision
Overview
External Assessment
•Industry Analysis
•Opportunities and
Threats
•EFE Matrix
•CPM Matrix
Internal
Assessment
•Organizational Structure
•Strengths and
Weaknesses
•Financial Condition
•IFE Matrix
Strategy
Formulation
•SWOT Matrix
•Space Matrix
•Grand Strategy Matrix
•Matrix Analysis
•QSPM Matrix
Evaluation
Balanced Scorecard
CVS Caremark Update
Implementation
•Projected Financials
Strategic Plan for the Future
•Objectives
•Strategies
Company Timeline
The CVS name was used for the
first
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It is estimated that there could be a dearth of 200,000 healthcare professionals and
800,000 nurses by 2020
2. Potential government intervention in health care after election in 2012
3. Imminent introduction of generic brands lowering the margin
4. CVS’ is behind Wal-Mart by nearly $140 billion in market cap.
5. CVS’ additional competitor Walgreens is behind them by a market cap of roughly $10 billion. 6. Walgreens increased the number of prescriptions filled in 2010 by 7.5% , whereas ours decreased.
7. In the next 5 years, 9 out of the top 10 best-selling drugs in the world will go off patent, resulting in an expected loss of sales
8. Extensive regulation has increased the time from drug discovery to approval from 6 years in the 1970s to 13.5 years in the 2000s.
9. Pharmaceutical companies struggle to develop new drugs as R&D costs become high, on average between $4 billion to $11 billion per drug
CPM
Critical Success factors
CVS
Walmart
Walgreen
Weights Rating Weighted Score Rating Weighted Score Rating Weighted Score
0.0 to 1.0 1 to 4
1 to 4
1 to 4
Advertising
0.08
3
0.24
4
0.32
2
0.16
Product Quality
0.12
3
0.36
4
0.48
3
0.36
Price Competitiveness
0.10
2
0.20
4
0.40
3
0.30
Finanical Position
0.10
3
0.30
4
0.40
3
0.30
Customer Loyalty
0.14
3
0.42
4
0.56
2
0.28
Global Expansion
0.11
3
0.33
4
0.44
2
0.22
Market Share
0.07
3
0.21
4
0.28
2
0.14
S.P. is admitted to the orthopedic ward. She has fallen at home and she has sustained an intracapsular fracture of the hip at the femoral neck. The following history is obtained from her: She is a 75-year-old widow with three children living nearby. Her father died of cancer at age 62; mother died of heart failure at age 79. Her height is 5’3 and weighs 118 pounds. She has a 50 pack year smoking history and denies alcohol use. She has severe Rheumatoid Arthritis (RA) and had an upper GI bleed in 1993 and had Coronary Artery Disease with CABG 9 months ago. Since that time, she has engaged in “very mild exercise at home.” Vital signs are 128/60, 98, 14, 99 degree farenheight (32.7 degrees C) SAO2 94%
The United States Court of appeals ruled that the suppressed evidence is purely impeaching evidence and no defense request has been made, the suppressed evidence is material only if its introduction probably would have resulted in acquittal. Given a minor role of Phillips' testimony and the limited impact that Phelps statement had on the jury's assessment of Phillips credibility, Maddox could not demonstrate that so the evidence probably would have resulted in an acquittal. Also, the evidence was immaterial under United States V.Blasco; the defendant filed a joint motion to suppress all physical evidence gathered by the officers and any statements made by the defendant. The magistrate found that the defendant did not have to raise a fourth amendment challenge and its suppression did not violate his (Maddox’s) due process right. For ongoing reasons, the district court's dismissal of Maddox's habeas petition was affirmed.
As a member of management Clive Jenkins is responsible for boosting employee morale to ensure that company goals are met
The last alternative for estimating fixed expenses brings the total to $4,064,000.00, which will generate a small Net Profit of $1,085,320.00. Although expanding Strike Roach Ender to 19 cities can be profitable, the potential losses Zoecon could take from an effective advertising and promotion strategy for this venture far exceed the potential rewards. The $4,064,000.00 would not be sufficient enough advertising to gain a significant market share in all 19 cities over a substantial amount of time. The general “rule of thumb” approach is more accurately what would be spent for the new Strike Roach Ender product, in which case a major loss would be taken, making this venture not financially feasible.
| Describe ways in which care workers can empower Individuals (P3)Explain why it is important to take individual circumstances into account when planning care that will empower an individual, using relevant example from health and social care (P4)Discuss the extent to which individual circumstances can be taken into account when planning care that will empower them, using relevant examples from health and social care (M2)Assess the potential difficulties in taking individual circumstances into account when planning care that will empower an individual, making suggestions for improvement (D2)
IgG – funtions in neutralizing, opsonation, compliment activation, antibody dependent cell-mediated cytocity, neonatal immunity, and feedback inhibition of B-cells and found in the blood.
Scenario: John is a 4 year-old boy who was admitted for chemotherapy following diagnosis of acute lymphoblastic leukemia (ALL). He had a white blood cell count of 250,000. Clinical presentation included loss of appetite, easily bruised, gum bleeding, and fatigue. Physical examination revealed marked splenomegaly, pale skin color, temperature of 102°F, and upper abdomen tenderness along with nonspecific arthralgia.
The chart in Table 2 shows the edge Walgreens maintains over CVS and how that edge has been maintained with time.
After some time, Max discloses that he has been involved in multiple sexual relationships and says he “can get in any woman’s pants.” He also brags that he is smarter than anyone in the group, regardless of the fact that one person has a PhD in
Functional magnetic resonance imaging (fMRI) technology would be best reveal the location and extent of damage to Tim’s brain produced by his
Acute respiratory distress syndrome (ARDS) occurs when fluid builds up in the tiny, elastic air sacs (alveoli) in your lungs. More fluid in your lungs means less oxygen can reach your bloodstream. This deprives your organs of the oxygen they need to function.
A major disadvantage of this strategy is that by not obtaining personal information about their customers they are forfeiting their ability to send coupons and ad information about special discounts that may be of interest to their existing customers that could potentially encourage them to purchase items. They are also giving up the ability to track customer purchases to create a costumer profiles that would allow advertising targeted specifically for particular customer needs and interests.
“CVS was founded in 1963 by Stanley and Sidney Goldstein and Ralph Hoagland. The first CVS store was opened in Lowell, MA.” (CVS Health) CVS is a pharmacy innovation company helping people on their path to better health. CVS’s CEO is Mr. Larry J. Merlo. CVS is headquartered in Woonsocket, RI. CVS is the largest pharmacy health care provider in the U.S. And is an integrated offerings across the spectrum of pharmacy care. Through their 7,700 retail pharmacies and more than 900 walk-in medical clinics. There are approximately 200,000 employees in 46 states, the District of Columbia and Puerto Rico. “CVS has also expanded its business to include pharmacy benefit management, mail order as well as specialty pharmacy division,
This document and all of the materials contained within are strictly for study assignment purposes to fulfill MBA course BUSN 620 Strategic Management on August 01, 2011-September 25, 2011 requirements.
This case study includes different diagnosis/problems that originate from a Cerebrovascular accident commonly known as a CVA or stroke, these diagnoses includes; subdural hemorrhage, Hemiplegia, visual field cut, and side inattention. In order to begin, let’s familiarize with these particular conditions. A CVA is a sudden loss of blood supply to the brain that damages and kills brain cells. There are two different types of CVA one is an Ischemic strokes which is a blood clot that causes blockage and the other is a hemorrhagic stroke which is a ruptured blood vessel. Some of the signs of a stroke are sudden numbness or weakness of the face, arm, or leg, especially on one side of the body, sudden confusion, trouble speaking or understanding,