Complete an analysis of the key external factors that have implications for successful implementation of your CVS Pharmacy’s strategy and goals/objectives. You will examine your CVS Pharmacy’s industry and the competitive conditions affecting it now or likely to do so in the future.
Your paper should address these topics:
- A brief explanation of the industry (or industries) in which CVS Pharmacy operates.
- Analyze the current conditions in CVS Pharmacy’s industry and in its relevant general environment and their likely implications for successful implementation of CVS Pharmacy strategic goals and related actions. Be sure to address the PESTEL framework.
- Apply the Five-Forces Model to enrich your understanding of the environment in which CVS Pharmacy is now or may be operating.
- Describe CVS’s strategic group and construct a map to show its relative market position.
- Summarize the threats and opportunities facing your organization gleaned from your analysis, including a narrative of your supporting rationale (SWOT analysis).
- Evaluate the extent to which CVS Pharmacy’s current strategy appears a good match for the competitive conditions it confronts.