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Running head: STRATEGIC IMPLEMENTATION PLAN
Strategic Implementation Plan
Name
Institution Affiliation
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STRATEGIC IMPLEMENTATION PLAN
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Strategic Implementation Plan
Objective
Walgreen has been making aggressive efforts to expand geographically and increase its
revenue growth through patnerships and acquisition. Currently, the company is in a process of
acquiring stress from Rite Aid. The objective of the company is to enhance its cost structure, to
expand operating margins and increase earnings. Therefore, the acquisition and strategic
partnership with Rite Aid will enable Walgreen to earn from cross-selling of commodities and
procurement synergies. The acquisition of Rite Aid will increase the company's stock valuations,
its cash flow will improve as well hence allowing Walgreen to repay its debt and improve its
balance sheet.
Functional Tactics
To ensure the successfully achievement of the above set objective, Walgreen will have to
change its current functional tactics and adopt a new one. Walgreen will have to adjust to
operating in new geographical locations such as West Virginia, Kentucky, and Utah where the
company had no stores before. However, this does not mean that the company will alter all its
functional tactics. Some of the tactics such as provision of quality customer’s care will continue
being Walgreen's backbone as it acquires the new stores.
Action Items
The action items which are in line with the company's objective includes
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Accept transfer of the 1932 stores from Rite Aid
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Finalize the acquisition
STRATEGIC IMPLEMENTATION PLAN
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Adopt effective marketing strategy for the existing stores as well as for the acquired ones.
Milestones and Deadlines
The following are the deadlines and milestones w...