The below is a list of alternative strategies for CVS Health Corporation. What a

Question

The below is a list of alternative strategies for CVS Health Corporation. What are the advantages and disadvantages of each alternative strategy? Which alternative strategy would be the best and what are the long-term objectives?

•    Continuing to develop and grow their retail and mail-order business

•    Partner up with allies to increase their purchasing power

•    Provide 24-hour support for their pharmacy

•    Plan to increase the number of minute clinics that they have and increase the number of doctors on their staff

•    Partner with companies that will complement CVS Health and what they offer

•    Increase their current product offerings

•    Plan to expand their business internationally

•   Plans to focus more on health and wellness of individuals

•    Build on their current customer loyalty program

•    Make their business and facilities green to be more socially accommodating

Explanation / Answer

The CVS health corporation is found to develop an alternative strategy with the aim of improving and expanding the business. The advantages and disadvantages of the alternative strategy developed may be discussed as follows.

The alternative strategy that is considered to be the best with long term objectives would be

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