Chapter 12 – Implementing Corporate Diversification

On October 14, 1996, Rite Aid announced that it bought out Thrifty Pay-less incorporated and for this chapter 12, it will be similar to the previous chapter. Corporate diversification is essential in every businesses as it can determine whether the company can change and progress or stay the same, risking of being beat by other competitors. However, in order for change or anything that might impact the company it has to go through corporate as they are the ones determining the fate of Rite Aid and without them, there will no organizational structure within the company. There is a Board of Directors, who will determine what plan or budget is necessary for Rite Aid to continue. Then the plan will go down the ladder to the employee at a branch. Even though the pharmacists and technician are doing most of the work, there has to be a balance within the chain of command in order for the company to continue. The link down below is the history and if interested a list of selection of flavor ice cream they have.

https://www.riteaid.com/thrifty

Rite Aid/Thrifty Ice Cream - Home | Facebook

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