Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CVS HEALTH 2 0 1 9 - 2 0 2 3 Executive SummaryIn two pages or less, succinctly identify the strategic issues facing the company

CVS HEALTH 2019-2023
Executive SummaryIn two pages or less, succinctly identify the strategic issues facing the company and the recommendations for solving those issues. In paragraph one, begin by summarizing the overall industry and company health/situation. Discuss the size of the industry, growth of the industry, competitive landscape, and competitive intensity (see economic features slide from class #1 PPT). Discuss the current state of the company and its position in the industry. In paragraph two, follow the company situation overview with specific prioritized strategic issues (problem statements). Ensure each strategic issue clearly states the problem/challenge facing EXECUTIVE management and stands on its own (i.e., reading the strategic issue statement and nothing else would be enough for an executive reading the statement to understand the specific problem that must be resolved). In paragraph three, follow the strategic issues statements with a set of prioritized, clear recommendation statements, which address the strategic issues and stand on their own (i.e., reading the recommendation statement and nothing else would be enough for an executive reading the recommendation to understand the action required and why it must happen). The following sections will expand upon each of these areas in greater detail and support your overall findings and recommendations. Industry & Company Current Situation OverviewThis section of the paper should expand upon the first paragraph in the Executive Summary. Provide a more expansive discussion of the industrys current situation. For example is the industry growing, flat, or declining (quantify). Are the number of companies entering this industry increasing, flat, or decreasing (quantify). How many companies participate in this industry and is the industry highly fragmented? Do a relatively small number of companies command a higher percentage of the industrys revenue and profits? Regarding the industry, also utilize the Economics Features slide from Week 2 to discuss select elements that helps one understand the nature and challenge of the industry. Once you have overview the industry, now compare and contrast the position of your company and its competitors within this industry and competitive landscape. For example, is the industry growing a 4% annually but your company is growing at 2% and the your number one competitor is growing at 7%?Strategy, Business Model, and Strategic IssuesThis section should open by discussing the overall competitive strategy employed by your company (Broad Low Cost, Focused Low Cost, etc.) and the particular drivers (Chapter 5) that your company emphasizes/prioritizes in support of this competitive strategy choice. Next, discuss the your companys overall business model and compare and contrast that to its number one competitor. Close the discussion on strategy and business model by discussing how your company performs relative to each of the 3 strategy litmus test discussed at the end of Chapter 1). Next, regarding strategic issues, this section will more substantially identify and expand upon the strategic issues and key problems facing the organization highlighted in the Executive Summary. Start a new paragraph stating the first strategic issue (word for word) discussed in the Executive Summary. After re-stating the strategic issue, expand on the issue in greater detail and discuss the implications of this strategic issue. For example, what impact on performance is this this specific strategic issues having? What will happens if this specific strategic issue is not addressed? The key is that you clearly build a business case that results in in a clear sense of urgency for management to take action to address this strategic issue. Follow this process for each strategic issue (note each Strategic Issue should have its own paragraph).(Make sure to apply the Five Whys test to each of your strategic issues identified). FinancialIn this section, provide a detailed explanation and description of your financial analysis. Any financial analysis should include the use of appropriate ratios from Chapter 4 of your textbook plus the inclusion and discussion of key observations from your common size analysis. Ensure to highlight and call out any significant observations that any of your financial analyses uncovered that support your Strategic Issues/Recommendations. You must be able to determine how well the company is performing financially.Strategic Analysis/EvaluationIn this section, provide a detailed explanation and description of your analyses and the evidence to back up your conclusions utilizing the strategic concepts and select analytical tools (e.g. SWOT analysis, Five-Forces Model, Strategic Group Maps, Weighted Competitive Assessment, etc.) covered in the text and the MBA curriculum. Each analytical technique discussed should be discussed in its own paragraph and end with an overall conclusion statement (i.e., what did you learn from the analysis that will influence your recommendations). Various analytical techniques should ideally support other techniques, refer back to the strategic issues you have identified, and help you build your build your case to support your recommendations. RecommendationsIn this section, discuss your recommendations in sufficient detail with regard to the findings from the Analysis section. In other words, state your recommendations and how they will solve the strategic issues you identified. Begin each paragraph by re-stating your recommendation word-for-word from your Executive Summary. Follow this statement with evidence provided by your strategic analysis conclusions statements. Following each recommendation, your paper should discuss why this specific recommendation is critical to the success of the company. Conclude each recommendation write-up with an expected timetable for start and completion. (Again, apply the five whys analysis to your recommendations) References:Your references page should be next, followed by each Exhibit (on its own individual page with title and Exhibit number) in the same sequence discussed in the narrative.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management Processes and Supply Chains

Authors: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman

11th edition

978-0133872460, 133872467, 133872130, 978-0133872682, 133872688, 978-0133872132

More Books

Students also viewed these General Management questions