Competitive Advantage and Long-term Vision As the Allstar brand continues to be one of the leading Pharmaceutical companies who manufactures quality over the counter (OTC) cold and allergy medicine, our long-term vision is to build and gain a competitive advantage over the top competitor in the business marketplace. By gaining and maintaing a great competitive advantage, this will enable Allround to increase their market share and profitability. One way the company plans on reaching these long-term goals is by investing more in marketing. Focusing on increasing both the direct and indirect sale force. The new merchandisers will provide special support to retailers for their in-store activities, such as shelf location, pricing, and compliance
Through these advantages, CVS does not compete on a cost advantage level but rather on differentiation advantage. With CVS’s revenue on a rise these last few years and Walgreens growth rate increasing at what it is CVS had to find a way to separate themselves from the other groups in the industry. They offer both dynamic and operating capabilities. Dynamic capabilities through their MinuteClinics and acquiring Target’s pharmacy as well as creating brand recognition increasing every time they are on a new shelf somewhere. They offer operating capabilities to their customers by adding value, convenience, and increased accessibility by allowing their brands to be found in more locations and supplying convenient and quick health clinics.
According on Reuters resources, Ralph Lauren now operates 396 stores itself, up from 379 last year. It is repositioning itself in China, closing locations that were run by local partners and replacing them with its own in better locations. Retail now generates 52 percent of sales for Ralph Lauren, compared with 38 percent five years ago. Sales to department stores were long its biggest business. b)
Since then, many Chinese human rights activists have been given prison sentences. “ Tiananmen Square demonstration for democratic reform is brutally suppressed” ( Benewick 72) China’s Economic superpower comes directly from being a member of the world trade organization (WTO). As a member China receives the same low tariffs or taxes on goods or services that other member countries receive. Other members are U.S., Singapore, Sri Lanka, Egypt, and United Kingdom to name a few. “ By 2006, China, in conjunction with Hong Kong, was the second – largest trading nation in the world, up from 15th in 1990” ( Benewick,14) Hong Kong is a special administrative region.
During the past decade, Wal-Mart, Kmart and Target three retail giants generate a combined sale of $123 billion (External Analysis Wal-Mart 2015). The success of the retail industry contributes largely to the advancements of science and technology and reduced costs. In the future, the success of Wal-Mart still relies on consumers’ concerns for value shopping and saving money. The company should pay close attention to the needs of customers and provide high-value and low-price products for consumers. Industry environment analysis includes five aspects: threat of new entrants, power of suppliers, inter-firm rivalry, power of buyers and threat of substitutes.
Ulta beauty has become the largest beauty retailer in the U.S. and plans to expand each year by adding 100 new stores until they reach their goal of around 1,700 stores in the US. Ulta Beauty works to target all different age and income groups by pricing with the high-low strategies and keeping up with their main competitors like Macys and Amazon. They also are expanding their e-commerce business to fit the growing
How Amazon’s Billion-Dollar Buyout of Whole Foods Impacts the F&B Industry Amazon is pushing further into the grocery realm. This, after it made an announcement last Friday to buy the American organic grocery chain, Whole Foods (WFM), for $13.7 billion. The deal is an “all-cash” buyout, making it the biggest transaction ever for the now Seattle-headquartered Amazon. The move simply shows the growing interest of the online retail darling in the grocery industry. As Paul Cuatrecasas, the chief executive of Aquaa Partners, an investment banking firm based in London, said: “This deal should leave no doubt that Amazon is deadly serious about dominating all aspects of retail.
In addition, the demand for private label brands has increased significantly, and large retailers, like Walmart, this makes devoting more shelf space to these brands a profitable venture (Campbell Soup Company Form 10-K Annual Report, 2014). Any downturn or disruption of sales, for an extended period of time, could adversely affect the Campbell Soup’s consolidated net sales (Campbell Soup Company Form 10-K Annual Report, 2014). These
1.1.1. STRENGTHS 18.104.22.168. Scale of operations Wal-Mart is one of largest retail company in the world. With more than $400 billion revenue and more than 10.000 stores, it exercises great buyer power on suppliers to reduce prices (Laura Barbera Marcilla, 2014). Also, its size allows the company to advantage from economic of scale, which in time conduce to a lower price of products for the final consumer.
There was a survey conducted by Global TGI in 2008 which found that 15% of the population of Britain believed in homeopathy. Research brought forward by market research analyst Mintel estimates that U.S. retail trades of homeopathic and herbal remedies went to $6.4 billion in 2012, up by almost 3% from 2011, which means the market increased by 16% over the past five years. Mintel anticipates that demand will continue to increase over the next few years and by 2017 sales are expected to reach $7.5 billion as more Americans will become active about their health and the availability of these medicines. In India homeopathy is one of the many popular methods of medicine. Presently there are over 200,000 recorded homeopathic practitioners which 215 are homeopathic hospitals and 7,000 homeopathic dispensaries.
CVS Health is one of the many competitors in the pharmacy retail industry with a focus on retail stores and health clinics within their stores. Currently ranked #10 on the Fortune 500 list (Fortune), CVS Health has over 7,800 retail drugstores throughout the states and Puerto Rico as well as in Brazil, 1000 Minute Clinics, and over 1.7 billion prescriptions filled/managed annually with over 217,000 employees (CVS Health). CVS Health has one of the most successful loyalty programs in all of the U.S. The ExtraCare loyalty program has over 70 million card members. The loyalty program is so effective in the sense that it is tailored to the individuals based on their purchase history.
Key Resources The key resources that our company will need in order to operate all include products that help make the customized soda concept work. We will need to have a constant supply of co2 water on hand at all times to complete orders. The co2 water will be produced in store so a steady supply of water and c02 will be needed. This will save on cost from having to purchase premade c02 from a third party company. Along with the c02 water another key resource that is needed in the company’s operation is syrup ingredients.
Being in compliance will enable us access and receive the benefits and incentives the American Recovery and Reinvestment Act (ARRA) offers (Fleming, 2011). The financial trend analysis, balanced sheet analysis, as well as analysis of our income statements indicates a positive financial forecast for the business (Spigelman, 1969). In addition, our percentage change financial statement analysis shows a significant growth in both our income statement items and balance sheet accounts of sales and total assets (Peavier, 2016). The industry analysis indicated a competitive advantage over other health facilities within a thousand miles radius. There are 15 health facilities of our kind within our competition, and only two has implemented EMR.