Topic > SWOT Analysis of Walgreen - 997

Walgreens was founded in 1901 and provides convenient access to consumer goods and services, pharmacy, health and wellness services (Walgreens.com). Walgreens has a business strategy of conglomerate diversification, meaning it expands not only into pharmacy services but also unrelated businesses such as health clinics, and in some areas Walgreens hosts 800 electric vehicle chargers. This type of business strategy helps minimize risks due to fluctuations in an industry (Bateman, Snell 85). This type of business strategy is working very well for the Walgreens organization. The ability to meet customer needs in a variety of needs is significant for a successful business. Walgreens' mission: “To be the most trusted and convenient omnichannel provider and advisor of innovative pharmacy, health and wellness solutions, and goods and services to customers in communities across America. A destination where health and happiness come together to help people heal, feel well and live well” (Walgreens.com). This mission statement can be seen throughout the organization. Front-line employees are exceptionally helpful when a customer needs to locate an item, as are pharmacy staff who explain prescription directions to patients. One goal Walgreens could achieve in the next two years would be to roll out more Take Care Clinics in more stores across the country. Providing a clinic located in Walgreen's facility, it caters to people to fulfill their prescription needs at the connected pharmacy. Pharmacists work closely with doctors at the Take Care Clinic to provide appropriate medications to patients and can consult more closely with the doctor for any particular… paper medium… ally under WAG. Stock prices can be affected by external factors that can influence buyers on whether to buy or sell shares of Walgreens.Works CitedFrancella, Barbara Grondin. “Walgreens: The Future of C-Store Competition?” Convenience Store News 36.12 (2000): Business Source Premier. Network. February 26, 2012Frederick, Jim. “Walgreens continues to innovate with shopping and stores. (Cover article).” Drug Store News 31.6 (2009): 1-8 Business Source Premier. Network. February 26, 2012 Polite, Debby. "A model of efficiency." Retail 44.6 (2004): 16-20. Premier corporate source. Network. February 26, 2012McConnon, Aili. “To catch a whole gang of thieves.” Businessweek 4130 (2009): 13. Business Source Premier. Network. February 26, 2012 McCormack, Karyn. “Walgreen's Dose of Bad News.” Businessweek Online (2007): 11. Business Source Premier. Network. February 26, 2012www.walgreens.com