Importance of Vision

Introduction Knowing the importance of a strategic vision, every high society undertakes a complete analysis periodically. In order to create a strategic plan the parties involved must know every spirit of the persistence and the company at hand. The purpose of this paper is to define and analyze the retail drugstore industry and then condense on Walgreens, the industry leader in terms of sales. As part of the in-depth analysis of Walgreens, its major competitors will also be described and analyzed. The retail drugstore industry consists of all those stores that contain a pharmacy and dole out prescription drugs. It also implys businesses that sell prescription drugs online and by dint of the mail. Most retail drugstores also offer other consumer goods and go to sum up the low margin earned on prescription sales. To be considered a member of the retail drugstore industry requires sales of prescription pharmaceuticals to the blockade consumer. Many convenience, food and discount stores sell over-the-counter medicines, besides these stores would not be considered retail drugstores because they do not also sell prescription medicines. Business Activities Companies in the retail drugstore industry are engaged in the retail sale of prescription drugs, copyrighted drugs, and nonprescription medications.

Most also sell medical devices, as wellspring as a variety of cosmetics, toiletries, tobacco, novelty items, and snack foods and beverages (Encyclopedia of American Industry). As competition increases, many businesses in this industry are adding much goods and services to the basic activity of filling prescriptions. Some of these services include photo processing, drive-through prescription windows, and 24-hour service. Drugstores are now offering more snack-food and impulse-buy items as well. Industry Overview The drugstore industry has travel from being a fragmented industry, prior to the mid-eighties, to one undergoing speedy consolidation driven by several... If you want to get a full essay, order it on our website: Ordercustompaper.com

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