The First CVS store was founded in Lowell, MA, in 1963 by brothers Stanley and Sidney Goldstein and Scandinavian American Ralph Hoagland. They had 17 stores by 1964, and sold primary health and beauty products, until operating their first store with a pharmacy department in Warwick and Cumberland, RI. before being sold in 1969 to the Melville Corp. For the next 30 years CVS has grown and merged with many different pharmacies and companies, including purchasing 1,268 Eckerd Drug stores and Eckerd Health Services by 2004. During the fall of 2006, Caremark Rx was facing fierce acquisition from Express Scripts an opposing PBM. CVS entered into the sale offering cash/ stock mix, board seats, and a merge with CVS Pharmacare PBM.
Mr. Larry Lancaster, Chairman, President and CEO DATE Apollo Shoes Shoetown, Maine 11223 Dear Mr. Lancaster, This letter is to confirm the arrangement for the upcoming audit of Apollo Shoes. The audit will consist of auditing the financial statements to include the income statement, balance sheets, statement of retained earnings, and the statement of cash flows. As a follow-up I’d like to highlight the services my firm offers to clients like Apollo Shoes. Harris, Harris, and Associates provide operational, financial and compliance audits for clients various needs. The operational audit studies the specific parts of an organization with the purpose of measuring its performance.
In this assignment the reader will be able to see exactly how the Chief Financial Officer (CFO) analyzes the finances of the company in the text, which is Universal Health Services (NYSE UHS). The text will also cover the reviewing of the financial statements by the CFO and what types of speculations are there likely to be from various stakeholder groups like the employee investors and shareholders. The next area of the text will identify the current industry trend that has the most significant impact on the organization’s financial performance and a suggestion of how to minimize the impact of the trend on the organization. Last but not least as the CFO, a suggestion of a key strategy will be formed on how to improve the financial performance of the organization as well as what type of approach that will be taken in order to implement the suggested strategy. “Universal Health Services, Inc. (UHS) has built an impressive record of continuous achievement and performance since it was founded in 1978 by Chairman and Chief Executive Officer Alan B. Miller.
All six elements are present in the above case, therefore, the company should be held accountable for paying the tuition. I have learned through this critical analysis paper the importance of understanding the basic concepts of an oral contract, in order to understand the essentials of business law. I will be able to use what I have learned in this course to show the essentials of business law process within a company. I have realized the importance of knowing what is required in an oral contract and now recognize the legal enforcement elements of every contract. This paper has shown me that corporations and individuals can use these elements to legally enforce the oral contracts that are made on a daily basis.
As part of their “entity level” controls Southwest Airlines Co. strives for effective executive leadership and strong corporate governance, including the Board of Directors and its committees. (a.) Describe the structure and titles of the executive leadership team and the composition of the Board of Directors (include their background and the committees on which they serve within the Board of Directors). (b.) In addition, assess the Company’s commitment to strong corporate governance and diversity within its leadership structure and make any recommendations you would have as to the composition of the executive leadership team or the Board of Directors.
Organizational Planning-Assessment Activity MGT/521 Karen M. McCarthy March 8, 2015 Instructor: Emma Kamarah Abstract In any business, whether it is corporate, government, profit, or nonprofit, planning is an important managerial role. Managers are involved with varying styles of organizational planning to strategically navigate his or her company towards successful and profitable futures. Operational planning is reliant on a complete understanding of the series of variables that are involved in each relationship and decision with a workforce from varying levels of a company. With NII Holdings, Inc.'s organizational structure, the organizational planning is developed on the operational and strategic plans of the SWOT analysis. Organizational Planning - Assessment Activity Providing mobile communications for Latin American business customers, NII Holdings Inc. is one of the foremost operators headquartered in the United States.
Following is an overview of the Plan with regard to compliance by each of the Facilities with regard to the universal and individual reporting obligations they face with respect to tax policies, employment laws, environmental and manufacturing regulations, international trade restrictions, tariffs, transportation, and the political stability of international governments and trade opportunities. I. Enterprise Liabilities The responsibility for the reporting requirements has been divided amongst the individual managers and directors in such a manner as to provide a system of checks and balances to minimize the opportunities for error by the Company and to limit its legal liabilities. A sample of the division of those responsibilities is as follows: 1) The Chief Financial Officer, with the assistance of the Comptrollers or Senior Financial Officers and Accounting Department Managers of each of the facilities owned or operated by the Company, shall bear responsibility for making all payments and ensuring that the Company complies with all applicable federal, state, municipal and international laws, statutes, regulations or otherrequirements in connection
What is the difference between leadership and management? Leadership teams provide the overall direction for a company or organization, and the management team is responsible for the execution of the corporate vision, direction and mission by the operations staff members. Being that Chubb is an evolving global insurance carrier, their management approach is now multi-tiered; whereas, pre 2007, the company maintained a single focus – bureaucratic control. Chubb has always been considered a leader regarding their claim service and product offerings; however, their style of leadership left much to be desired per several members of their staff. Chubb always prided itself on being a leader; and with this aggressive approach comes a narrowly focused, narrowly placed management team that many characterized as “top heavy.” Within their continental claim service centers, the organizational structure was as follows: Branch Manager, Branch Claim Manager, Department Managers, Regional Managers, Supervisors and Claim Examiners.
| Managers, employees and relevant key personnel | Nick Mitchell – Managing Director Meg Natoli – Company Accountant Bryon Page – Sales Manager & Key Client Contact Sandra Ngo – Editorial Manager Bob Breman – IT Manager Stella Galanis – Office Manager & Nick’s PA | Managements have an interest in projects undertaken by their organization, and their approval will be required. | Any other stuff members who have special responsibilities | Meg’s team – 3 staff looking after procurement Byron’s team – 3 advertising sales staff , 2 marketing coordinators , 3 account manager Bob’s IT assistant Stella’s team – 2 staff on general office support & reception duties | Other members of the organization who can contribute to the project. | Customers | Current employees & Clients | Internal or external stakeholders
FedEx (Federal Express) is the largest air cargo transportation company with 650 air operations in over 220 countries and territories and 46 customer service centers receiving 500,000 calls daily. It employs over 150,000 people, including 43,500 couriers, which deliver more than 3.3 million packages every day. FedEx operates a fleet of over 650 cargo planes with experts highly trained to handle dangerous goods. The competitiveness of FedEx has become a differentiator within the context global logistics, given the enormous amount of its operations Freedman & Daniel (2014). The logistics of Fedex is a race against time.