The Objectives of CVS Corporation - Case Study Example

CVS also has MinuteClinics, which constitutes the fastest expanding retail medical clinic. There are an estimated 900 operational MinuteClinics throughout the U. S. According to the CEO, Larry Merlo, CVS focuses on increasing access to health care while ensuring affordability (CVS Health Research Institute 1).

VisionCVS Corporation strives to improve the quality of human life as its key visionMissionCVS Corporation’s mission is to improve the livelihoods of its customers through innovation and provision of exceptional health and pharmacy services to enhance safety, affordability, and ease of access. ObjectivesThe following constitute the objectives of CVS Corporation: i) Improvisation of credit policies; ii) Achieving 10 per cent profit increase; iii) Creation of innovative services competitive on the bases of performance, consumer convenience, and technology; and iv) To be cost-friendly to users.

strategies company’s economical audit performance will determine the devolution of its strategies. Other sources of funding, however, are to implement crucial strategies. The company’s strategic plans, however, are uncertain. The emergence of new Strategies that prove vital may call for refunding. Market ExpansionThe company aims at strengthening its position in the market. Despite the economic constraints experienced in the past two years, the company is still acquiring strategies to acquire new markets.

The company also intends to diversify its services in the market. Technological InnovationsBecause of the high rate of technological growth in the world, the company intends to digitize its service delivery. Subsequent innovations aimed at improving the company’s performance will couple technological establishment. The implementation would be parallel to online sales for the company. Diversification strategy company identified a seasonal trend in their sales in the previous years. To counter that, the company aims at acquiring different companies.

The companies will relate directly or indirectly to CVS. The company is developing strategies to enable it to develop its own product brand. Obtaining a License for Global ExpansionOne of the objectives of CVS is to achieve a global expansion. This strategy implementation will enable CVS to venture into foreign markets outside the U.S. This will be vital in the stabilization of the capital flow for the company. A license will be vital in this expansion for it will enable the company to take the full risk of the international market.

Other Strategies) Allowance and benefits provisions to employees as well as creating forums aiming to improve working environment) Improving customer access to services and customer discount programs for all the early payments compared to the previous case study, this current study acquires the form of a business plan.