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Walgreen Store - Speech or Presentation Example

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The paper aims to proffer a comparative analysis of two different major retailers of pharmaceutical drugs in terms of determining the significant differences or similarities in management styles and mode of operation. …
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Walgreen Store
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Download file to see previous pages Likewise, the kind of training the managers receive before they are given that position would be identified. A SWOT analysis of Walgreens would finally be presented, as required. The leadership position in any business endeavor depends on an interplay of factors that ensure an organization’s success. The CBS Interactive Business Network (2011) released a report conducted by the Drug Store News on the top 30 retail pharmacy chain in the United States and revealed that Walgreens topped all other retail stores in terms of sales in 2004. Second in line is CVS Caremark. However, in the 2010 Drug News Report, the reverse was eminent: CVS overtook the leadership over Walgreens (Drug Store News, 2010). In this regard, the essay aims to proffer a comparative analysis of these two different major retailers of pharmaceutical drugs in terms of determining the significant differences or similarities in management styles and mode of operation....
TRAINING PROGRAMS Walgreens “robust training programs in place to give our team members every opportunity to explore their interests and reach their goals… from informal enrichment and mentorships to formal certification and training” (Walgreens: Training Programs, 2011, pars. 1 & 2) CVS “50 training and development programs exist across the Company, including our Emerging Leaders Program (where) Participants attend development sessions focused on leadership competencies and building functional skills and knowledge. They are also provided with on-the-job experiences and opportunities to further enhance their leadership skills. Throughout the development process, they have access to coaches who support their growth as leaders” (CVS: Opportunities, 2011, pars. 1 & 3). Employees in both Walgreens and CVS are highly motivated given the vast opportunities for development through availment of training programs that could earmark productive careers as leaders and in managerial positions in the future. At Walgreens, for example, professional development is encourage through both lateral and vertical movements that expand experience and training in various fields, honing employees’ skills according to their interests and goals. At CVS, through internal promotions and the sheer volume and quality of training programs, employees’ talents and skills are developed through their career service at the organization. As indicated, leaders are developed through the Emerging Leaders Program at CVS and through enrichment, mentorship, formal certification and training at Walgreens. Exemplary performances are duly rewarded in both organizations. At CVS, the rewards and recognition programs are as follows: Paragon Award (“the highest honor a colleague can achieve within ...Download file to see next pagesRead More
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