CVS Caremark Global Expansion to United Kingdom Global Business Management Abstract CVS Corporations was founded by Sid Goldstein, Stanley Goldstein and Ralph Hoagland, May 8, 1963 in Lowell, Massachusetts. In 2007 CVS pharmacy merged with Caremark Rx which created CVS Caremark. CVS Caremark is currently the number two pharmacy store in the United States with revenues exceeded $100 billion dollars and has over 7,400 hundred stores in 42 states. The corporation has been successful for over 40 years in the United States. CVS Caremark is designing a global expansion strategy to target areas that are profitable and promising demographically.
This company has made many strategic alliances for gasoline for testing vehicles with General Motors, Toyota and ford. Chevron is the owner of Shell in the United States and also has also a subsidiary, Chevron Shipping Company that provides maritime transport operations. According to Fortune Global 500 it is listed on the 10th place, the Financial Times Global 500 ranks it as in the 9th place and Forbes Global 2000 in the 16th place. Exxon Mobil This company evolved from a local marketer of kerosene in the U.S. to the largest publicly traded petroleum and petrochemical company in the world. The Standard Oil Company in Ohio was founded by Rockefeller and associates in the 1870.
The company was #18 in the 2010 Fortune 500 list of the largest companies in the U.S., and is the largest company that has operations solely in the United States. Mengxiao Wang A. introduction * Name of the chief Executive officer: Larry J. Merlo * Location of the Home office: Woonsocket, Rhode Island, U.S. * Ending date of latest fiscal year: Dec. 31, 2011 * Description of the company’s principle products or services: CVS Caremark is the largest pharmacy health care provider in the United States with integrated offerings across the entire spectrum of pharmacy care. Through their unique suite of assets, they are reinventing pharmacy to offer innovative solutions that help people on their path to better health. At the same time, they are highly focused on lowering overall health care costs for plan members and payers. CVS Caremark operates more than 7,300 CVS/pharmacy stores; serves in excess of 60 million plan members as a leading pharmacy benefit manager (PBM); and cares for patients through the nations largest retail health clinic system at our approximately 600 MinuteClinic locations.
Rite Aid Accounting Scandal Introduction and History of the company: Rite Aid is a drugstore chain in the United States and a Fortune 500 company headquartered in East Pennsboro Township, Pennsylvania, near Camp Hill. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. Rite Aid began in 1962 as a single store opened in Scranton, Pennsylvania called Thrif D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Today, Rite Aid is publicly traded on the New York Stock Exchange under the ticker RAD. Rite Aid reported total sales of USD $24.3 billion in fiscal year 2008.
Executive Summary Company Columbia/HCA Healthcare Corporation Company Founders Richard Scott and Richard Rainwater Business The company was a for-profit organization and the largest hospital alliance in the world. Business Start- up costs Scott and Rainwater each put up $125,000 and financed the purchase with $65 million from Citicorp. The Market The company’s marketing plan cost was an ambitious $100 million per fiscal year or more. The advertising campaigns were aggressive and saw no boundaries attacking the competition. The Competition Columbia/HCA competed with small or large hospitals, community based not-for-profit hospitals, clinics and health care centers.
At the beginning it was just an online bookstore. Six years later, Amazon used their own inventory management, distribution infrastructure, fulfillment, and customer service model to become the one of the biggest online-shopping company. By 2000, over 75 percent of U.S. consumers recognized the Amazon.com brand, and the Interbrand ranked the company as the 48th most valuable brand worldwide. The number of customers increased from 14 million in 1999 to over 20 million in 2000. However, a successful company like Amazon.com also has its own actual problems.
It is also contributed to United States oil industry by seventeenth percent of produce oil, as said by (Pam Barrett pg. 43) “Oil is by far the largest of Alaska’s industries”, and (R. Warren Anderson ) “Former Secretary of the Interior Gale Norton summed up its success in 2003 that Today the pipeline produces 17 percent of our domestic petroleum. It has pumped nearly 14 billion barrels of oil and $400 billion into our economy”, it gave jobs for several thousand people, Alyeska workers and sub-contractors. The pipeline has help Alaska which is the most heavily tax state to the most tax-free state. Alaska has profit more than half of the income from the pipeline has produces and the other profit goes to the United States.
Seagate Technology Buyout : Case Write-up Submitted By : Simranjit Kainth (UCID: 10101326) The case talks about the undervalued stock price of Seagate Technology (Seagate) and the subsequent decision of its management to undergo a leveraged buyout (LBO) with Silver Lake Partners L.P. (Silver Lake) to allow Seagate shareholders to realize full value for the company. In May 1999, Seagate sold its Network & Storage Management Group (NSMG) to VERITAS Software (VERITAS) in exchange of 155 million shares of VERITAS stock. As a result, Seagate became the largest stock holder in VERITAS with an ownership stake of over 40%. In subsequent months Seagate's VERITAS stake substantially exceeded Seagate's entire market capitalization. To answer the inquiries of concerned stakeholders, management began to consider ways to increase the stock price and unlock the value of its disk drive operation.
Nestor Riel P. Cruz Jr. Reaction Paper-1 MBA/ Accounting 1 & 2 Dr. Diana dela Vega The Enron Company started as an interstate pipeline company dating back from 1985. From the pipeline industry Enron started to move into other fields such as broadband services unit and Enron online (a website for trading supplies and merchandises). In 2000, the development of Enron swiftly began and its annual revenue reached up to an astonishing $100 billion US. Sky rocketing the company as the sixth-largest energy company in the whole world.
Case 4: Kanthal A Industry and its relevant characteristics Kanthal was a major producer and seller of electrical resistance heating elements. It was the largest out of six division in the Kanthal-Hoganas group. It had over 10,000 customers worldwide with 95% of its sales attributed to exports. Competitive Environment Kanthal was made up of three divisions that were competing in the global market. Through the first division that supplied electrical appliances and heating systems it helped the company dominate 25% market share, making it a world leader in supplying heating alloys.