Baldwin Drug Stores, Inc 1

Jul 29th, 2014
KateS
Category:
Management
Price: $15 USD

Question description

Strategy-1.ppt

Baldwin Drug Stores, Inc. is a retail pharmacy and sundries chain. To succeed in its highly competitive industry, Baldwin's executives realize that they need to establish a strategy that clearly guides day-to-day performance. Its biggest competitors are discount drug outlets and superstores. They believe their key customer segments are the elderly, disabled, and affluent family markets.

In the Session Notes and in Closing Comments,  use the first eleven questions in Slide 19 to develop a strategy for Baldwin and questions 12 through 14 in Slide 19 for an implementation planning strategy. Please provide comprehensive answers to the questions in order to support your strategy and implementation. Make any assumptions you wish, just state them. The objective of this exercise is to get practice in using the 14 questions for strategic planning and implementation. Please place a summary of your response to this exercise as a response to this discussion topic.

In case you can't read the questions from Slide 19, they are as follows:

1) What values are going to guide our business?
2) How far down the road are we going to look?
3) What assumptions about the external environment (regulation, the economy, resource availability, technology, competition, the market) underpin our strategy?
4) What existing and new products/services will we be offering (and not offering)?
5) What criteria will we use to evaluate a new product opportunity?
6) What existing and new customer groups will we be serving (and not serving)?
7) What criteria will we use to evaluate a new market opportunity?
8) What factors (price and/or the various dimensions of quality) are meaningful to our customers?
9) Which of these factors will represent our competitive advantage(s)?
10) In which of our current product-market areas will we be placing the greatest emphasis (resources and attention)?
11) In what new products or market areas will we be placing the greatest emphasis?
12) What functional goals, structure, and management will ensure that the Organization Level of Performance supports the strategy?
13) What customer and administrative system goals, structure, and management will ensure that the Process Level of Performance supports the strategy?
14) What position/people goals, structure, and management will ensure that the Job/Performer Level of Performance supports the strategy? 

For strategy implementation, the Three Levels framework offers variables which must be addressed to ensure that the strategic vision becomes an organizational reality. A management team that cascades its strategy through the Organization, Process, and Job/Performer Levels, dramatically increases the odds of that strategy being implemented successfully. At each level, the strategy is implemented through Goals, Design, and Management.

In summary, the Three Levels framework makes two contributions to organization strategy. To strategy formulation, it offers the systems framework, which ensures that an organization's direction is based on an analysis of all the strategic variables. The systems components suggest eleven questions(Slide 19) that an effective strategy should answer. To strategy implementation, the Three Levels framework offers the key Performance Variables which must be addressed to ensure that the strategic vision becomes organizational reality(Questions 12 to 14 in Slide 19).


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: University of Maryland
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
Five Star Tutor
Dec 7th, 2016
" Outstanding Job!!!! "
SjSurvivor143
Nov 22nd, 2016
" Thanks for the help. "
Joemoe
Nov 8th, 2016
" <3 it, thanks for saving me time. "
tinytim47
Oct 30th, 2016
" Wow this is really good.... didn't expect it. Sweet!!!! "
pmallory
Oct 26th, 2016
" Totally impressed with results!! :-) "
mixedballz
Oct 17th, 2016
" excellent work as always thanks for the help "
kiln82
Oct 3rd, 2016
" awesome work thanks "
darnay
Sep 24th, 2016
" The best tutor out there!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors