It depends what you choose for report Essay Example | Topics and Well Written Essays - 1500 words

It depends what you choose for report - Essay Example Walgreens was founded in 1901 and it has established its drug stores in forty seven states. In the Fortunes magazine Most Admired List (2015), Walgreens Company was ranked fifth in the food and drugstores category. The company was also ranked number three among food and drugstores in the Fortune magazine 500 largest U.S based companies (2015) (Fortune magazine). Consequently the magazine also ranked Walgreens number thirty seven overall in terms of revenue. In the fiscal year 2014, Walgreens recorded $ 72217 million in revenues, $ 2450 million in profits, $ 35481 million in total assets, $ 62739 million market value and $ 19454 million in total shareholder equity (Fortune magazine). Consequently, the percentage profit for the fiscal year was 3.4 percent on sales and 6.9 percent on assets. This report gives a deep insight of Walgreens Company and gives a better understanding of the company in relation to its operations, business practices, organizational strategies and growth prospects. Knowledge of Walgreens Company is vital in helping and guiding a prospective employee to make informed decision about whether to work for Walgreens or not. The primary strength that is enabling Walgreens to stays afloat is the fact that it is the market leader. This is attributed to many factors such as increase sale of generic drugs and favorable demographics. One of the major weaknesses that hinder Walgreens from operating optimally in the existence of fierce competition in the drug store industry. Although Walgreens is the current market leader, existing and new drug companies are reducing its market share. Another major weakness is the reduction in foot traffic to Walgreens drug stores. It is imperative for potential employees to carry out an assessment of the company they intend or aspire to work for so as to make informed and better decisions. The following are some of the considered factors: The compelling need for Walgreens to reorganize, reinvent and improve