Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
As the world becomes more globalized, international firms will have to focus on the complexities of creating culture. As with any international business element, no two solutions will illicit the same results. What may be acceptable in one country could potentially be shunned in another. Adding more complexity to the culture problem is the application of corporate standards and values within an international context. A country that emphasized individualism may not properly adhere to corporate culture of collectivism. It is therefore important to understand the culture influences that determine individual behavior with a particular country. It is then important to address any discrepancies and institute solutions that may overcome these cultural barriers.
Walgreens was started in 1901 within the United States and has quickly grown into one of the world’s largest drugstore chains. Its overall size and scale allow the company to penetrate many of the world’s strongest and fastest growing economies such as Brazil, China, India, and Russia. Walgreens currently operates over 19,000 stores, 400 distribution centers, and delivers to more than 240,000 health care professional around the world. Due to this size and scale, Walgreens has one of the deepest supply chains in the world.
Culture is undoubted a key component within the operational success of the overall franchise. The culture emphasizes speed and efficiency as it relates to delivery of service. Efficiency of service is ultimately, what allows the company to deliver low prices to consumers. As a pharmacy, the corporate culture also emphasized health, wellness, and community service. The company for example offers company paid life...…organization. For example, Walgreens employees have been at the forefront of the COVID-19 pandemic, helping to mitigate its impacts. Euan Hammond, a Walgreens employee, together with International Health Partners, started a delivery service, which ship over 4 million packs of antibiotics and painkillers to individuals suffering from COVID-19 in the Congo. This initiative was latter backed by Walgreens itself to help fund further improvements using its efficient supply chain mentioned above.
The company also maintains international culture through periodic reviews and assessments of each employee. These reviews are conducted twice a year by management to determine if the cultural standards of the business are being met throughout the world. The company realizes how important a unified employee base and culture is to its continued improvement of operations abroad.
…
References
1. Epstein, M., & Roy, M. (2003). Improving sustainability performance and Culture: Specifying, implementing and measuring key principles. Journal of General Management, 29(1), 15-31
2. Ginter, P., Ruck, A., & Duncan, W. (1985). Planners’ perceptions of the strategic management process. Journal of Management Studies, 22(6), 581-596
3. Hollingworth, M. (2009, November/December). Building 360 organizational culture. Ivey Business Journal Online.
4. Walgreens. (2010a). Mission statement. Retrieved from http://news.walgreens.com/article_display.cfm?article_id=1042
Walgreens Stores Analysis Approach to Quality Management Preface: Organizational Profile (Organizational Description & Challenges) Walgreens deserves the fame and public recognition throughout America, after working on serving the community with health care products and information. Charles R. Walgreen, Sr. established the company in Gallesburg, Illinois, in 1901. The company was merely a small building, which then developed into the largest chain of drugstores. Walgreen's unique strategy from the very beginning of its working
Walgreens -- Compensation Analysis Pay System and Benefits Package Overview Walgreens has seen many changes in its industry and specific niche over the last decade. The rise of prescriptions by mail, ecommerce giants such as Amazon and EBay, the passage of the Affordable Care Act (ACA), and one of the worst economies since the Great Depression to name a few (Wagner & Orvis, 2013). With this backdrop the company had an ambitious
Walgreens Liquidity and Cash Flow The Management's Discussion and Analysis, together with the Consolidated Statement of Cash Flows and Notes, provide insight into the company's sources and uses of cash. Over the two-year period for the years ending August 31, 2009 thru 2011, the company has seen large cash outflows which affected its cash position and its liquidity. Net cash provided by operations declined from $4.1 billion in 2009 to $3.6 billion
Walgreens' cash flow using its 2011 annual report. Currently ranked as the largest drugstore chain in the U.S., Walgreens had its beginnings in 1901 when Charles R. Walgreen bought the Chicago drugstore where he worked as a pharmacist. Over the next two decades, Walgreen bought 20 additional stores, adding such features as soda fountains with luncheon service, as well as his own line of drug products. The company added
WALGREENS The International Culture of WalgreensWalgreens is an American based pharmacy store that now operates in more than 25 countries. It provides medications, prescriptions, and other related health products. The pharmacy operations are both retail and wholesale all over the world (Bells, 2017). It came into being after a merger of Walgreens and Alliance Boots in 2014. The mergers opened ways to international market entry. The retail business is now
WALGREENS Rhetorical Analysis: Walgreens, a Place Called Perfect Walgreens: Advertising analysis Increasingly, in an era of 'big box' stores like Wal-Mart and Costco, pharmacies are seen as obsolete. To counteract this perception and to give reasons for customers to shop at their store, Walgreens stresses its convenience in comparison to its major competitors. In its 2007 "Perfect USA" series of advertisements, Walgreens shows an idealistic portrait of a Norman Rockwell-esque landscape and lists