Prepare a strategic audit for CVS Pharmacy corporation in the US.
Outline for Strategic Audit
Threat of new entrants–Ranking 1
Bargaining power of buyers–Ranking 3
Threat of substitute products or services–Ranking 3
Bargaining power of suppliers–Ranking 2
Rivalry among competing firms–Ranking 3
IV. INTERNAL ENVIRONMENT
A. Situational Analysis
VI. STRATEGIC ALTERNATIVES AND RECOMMENDATION STRATEGY
Address Strategic Issues
Assess Implementation Strategy
Who will develop these programs?
Who will be in charge of these programs?
Appendix C—Financial Ratios
References (APA format)
Briefly talk about them no more than one paragraph
In half page just be straight forward for example, threat of new entrants: are there any threats from a new entrant? If yes, who? If no just say that.
If there any, briefly mention them
Short analysis for the most important two competitors
Just mention them as points and in two or three sentences explain each one
In each one explain what is the current situation
Based on the analysis you did, what are the suggested alternative strategies?
What is the recommended strategy and why?
How to implement the recommended strategy?
How to evaluate and control?