In the attached document, identify a strategic initiative discussed in the organization's annual report and answer the following questions in approximately 400 words (an idea would be the closing of their German and Korean operations)
1) How will this strategic initiative impact sales?
2) Describe how these risks which are associated with the initiative and the financial impact these risks may have.
Please cite any references.© BrainMass Inc. brainmass.com October 16, 2018, 9:21 pm ad1c9bdddf
One of the strategic initiatives that WalMart has discussed in their annual report is the $4 generic prescription drugs. Even in 2003, prescription drug prices were a problem. "Skyrocketing public health costs are bankrupting individual Americans and posing serious challenges to city, state, and federal budgets" (Snow, 2003). This is true now in 2008. There are many drug subsidy programs out there but individuals must qualify financially for assistance and many do not meet the requirements. This was the rationale behind the $4 monthly supply of prescription medication on over 400 generic medications at WalMart.
How will this strategic initiative impact sales for WalMart? It ...
The solution answers the question(s) below.
Other strategic initiatives: Altria's commitment to the environment
When working in the area of strategic management, you will often be asked to look at what appears to be a strategic initiative on the part of another company and speculate as to what the strategy behind the initiative really is. In other words, what is the company really trying to do and why? You will find that you have to use your knowledge of business and strategic management to penetrate the rhetoric and determine what is really behind it.
Explore the Altria website (formerly Philip Morris): http://www.altria.com/responsibility/04_07_TheEnvironment.asp#FromRespLanding
Characterize Altria's commitment to the environment?
Do you think this commitment will offset the environmental issues with the tobacco company? Provide support for your opinion.
What are Altria's real strategic reasons for these environmental initiatives?View Full Posting Details