1.Begin with the corporate parent in the top box on the next page – precisely identify the name of the corporate entity (e.g. for Volkswagen, it is Volkswagen AG who is the corporate parent or for Tesla it is Tesla, Inc.). You should then give a brief narrative on the corporate parent on the final page – for example, this may include: details on the executive team; how the firm is run or organized; business units managed; where it is headquartered; where it is traded and under what ticker symbol; what major changes it has undergone in recent times, etc. It is extremely helpful to leverage the resources on the table in section III (above). When doing so, please cite all resources to add rigor to your analysis. Then, provide a brief narrative on this level in the corresponding box
2.Then, list the different business units under the corporate umbrella (e.g. for Volkswagen AG you would insert business unit examples
Give a brief narrative
explaining each of the 3 levels for your Focal Company (minimum 2/3
lines for each level)
Corporate-Level
|
Walgreens Boots Alliance, which started
as Walgreens Company in 1909 under its founder Charles Walgreen, has seen
exponential growth in the last few decades by acquiring more healthcare
systems and pharmaceutical distribution, retail and wholesale networks. In
2014, Walgreens Company saw a significant change through the birth of its new
parent company, Walgreens Boot Alliance, by acquiring the European-based
pharmaceutical company Boots UK Limited under the trade name Boots (United
States Securities and Exchange Commission, 2014). Therefore, Walgreens Boots
Alliance can be described as an international health care and pharmaceutical
distribution, retail and wholesale network, and stores chain headquartered in
Deerfield, Illinois. The company, which uses WBA as the stock exchange symbol
for the Nasdaq Stock Market, is led by a broad executive team that is in
charge of the corporation's global operations through executive positions
such as the global brand's president, global financial officer, global administrative
officer, and more ("Walgreens Boots Alliance 10k sec report,"
2021). In this case, Steffano Pessina, who owns one of the largest sole
shares in the company, leads as its executive chairman, having oversight of
more than 9,000 drug stores in the United States and more pharmaceutical and
beauty drugstores and business networks globally (Stefano Pessina, 2022).
Also, the company is run through three major segments. These include the
United States Retail Pharmacy, the International Retail Pharmacy, and the
Pharmaceutical Wholesale segment. The US Retail includes subsidiaries such as
the Walgreens Company and the Duane Reade Company, while the International
Retail includes companies such as Boots Company and the Mexican-based
Farmacias Benavides (Wagner & Wilson, 2019). |
Business-Level
|
As indicated, Walgreens Boots Alliance
has various business units, which have been acquired over time, such as the
Alliance Boots pharmaceutical, optical, and beauty store chains and
distribution merged networks, which Walgreens Company bought in 2014 to
establish the global corporation. The Alliance Boots company was established
from a 2006 merger of Alliance UniChem and Boots Company, which maintained
the Boots UK Limited company that boasts over 2200 drugstores in Britain and
Ireland (“Annual Report - WBA Financials,” 2021). Like Boots, other business
units oversee their functioning in different geographical areas around the
globe, such as the Farmacias Benavides drugstore chain present in South
America, Duane Reade, which mainly functions in New York, and Alliance
Healthcare which is a major distributor, wholesale and retail company in over
11 countries in Europe (“Walgreens Boots Alliance,” 2022). |
Operational/Functional-Level
|
With more focus on the Boots Company, an
analysis of the company determines its major functional segments and units.
The Boots Company, based in the United Kingdom and other countries globally,
such as Thailand, has various functional segments depending on their products
(“Boots,” 2022). In this case, the company sells various products and
services, including pharmaceutical products, beauty products, and optical and
hearing services. Some of these functional subsidiaries of Boots Company
include Mothercare, which specializes in products and services targeting
pregnant and nursing mothers, and Boots Optician, which specializes in
optician stores. Other functional level segments include the Boots retail
website, which globally sells the various products offered by other company
departments. Finally, another major segment in the company includes the
research and development department, which is in charge of researching and
producing various drugs according to community and global needs. For example,
the Boots Company has seen the development of different historic drugs, such
as Ibuprofen, which was developed by one of the company’s chemists (Kindy,
2020). |
References
Annual Report - WBA Financials. S1.q4cdn.com. (2021). From https://s1.q4cdn.com/343380161/files/doc_financials/2021/ar/12/WBA-20201-Annual-Report.pdf.
Boots.
boots-uk.com. (2022). From https://www.boots-uk.com.
Kindy,
D. (2020). The inventor of Ibuprofen tested the drug on his own hangover. Smithsonian Magazine. https://www.smithsonianmag.com/innovation/inventor-ibuprofen-tested-drug-his-own-hangover-180975088/.
Stefano
Pessina. Bloomberg.com. (2022). https://www.bloomberg.com/billionaires/profiles/stefano-pessina/#xj4y7vzkg.
United
States Securities and Exchange Commission. (2014). Walgreens Boots Alliance,
Inc.. Edgar.secdatabase.com. http://edgar.secdatabase.com/2538/114036114046619/filing-main.htm.
Wagner,
J., & Wilson, J. (2019). Walgreens Boots Alliance (NASDAQ: WBA).
smf.business.uconn.edu. https://smf.business.uconn.edu/wp-content/uploads/sites/818/2020/02/Walgreens-Boots-Alliance-One-Pager.pdf.
Walgreens
Boots Alliance 10k sec report. sec.report.
(2021). From https://sec.report/Document/0001618921-21-000085/.
Walgreens Boots Alliance. walgreensbootsalliance.com (2022). From https://www.walgreensbootsalliance.com/