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Essay about Walgreen's SWOT Analysis

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Walgreens was founded in 1901 and provides convenient access to consumer goods and services, pharmacy, health and wellness services (Walgreens.com). Walgreens has a conglomerate diversification business strategy which means they expand not only in pharmacy services but unrelated businesses such as health care clinics and in some areas Walgreens hosts 800 E.V. chargers. This type of business strategy helps to minimize risks due to fluctuations in one industry (Bateman, Snell 85). This type of corporate strategy is working very well for the Walgreens organization. The ability to service customer’s needs in a variety of needs is significant to a successful business. The Mission of Walgreens, “To be the most trusted, convenient…show more content…
Upon completion of the SWOT analysis, it has been determined that Walgreen’s has a great deal of potential.
A SWOT analysis is an assessment of the organization’s strengths, weaknesses, opportunities, and threats (Bateman/Snell 84). Determining what is best for the business to do in order to compete or survive amongst the competition of other businesses is valuable to profit margins. The following is the SWOT analysis that our group has come up with for Walgreens.
Strengths-
Take Care Clinic
Drop in or scheduled appointments, personalized quality care, convenience to pick up any prescriptions necessary at pharmacy
Available in 18 different states
Preventative, treatment and management services of a variety of afflictions, including vaccines and physically Digital Photo Printing Ability to upload digital photos and pick up in store
Single prints, photo books, greeting cards, calendars, and posters are some of the available print options
Same day pickup is available for rush orders
Changing deals are available such as free shipping, discounted prices, and personalized photo gifts Pharmacy Prescription refills with free shipping to your home Online prescription history for easy ordering/verification of existing or past prescriptions Refill reminders are available by text or email
Weaknesses:
Competing Pharmacies

Computerization
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