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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 otherContinue reading “Chapter 12 – Implementing Corporate Diversification”

In this chapter we will be focusing on the diversification strategy that Rite Aid have implemented. Diversification is the ability to establish a sustainable competitive advantage that will make Rite Aid more appealing in terms of rarity and imitability. Rite Aid currently do not have any new strategy to be more diverse and be moreContinue reading “Chapter 11 – Diversification Strategies”

Rite Aid during the crisis is normal, panic people stocking up medications and the supply of workforce have decrease due to the reduced revenue. Vertical Integration exist with Rite Aid as they have and own their own Pharmacy Benefit Manager (PBM), which is a third-party administrator of prescription drug programs for commercial health plans, self-insuredContinue reading “Chapter 10 – Vertical Integration Strategies”

In this chapter, it talks about explicit collusion and tacit collusion and how it enables a firm to exploit the environmental opportunity of avoiding rivalry. Explicit collusion is usually illegal and occurs when various companies who collaborates and openly negotiate the amount of supplies being produce and the prices for those supplies to eliminate otherContinue reading “Chapter 9 – Tacit Collusion Cooperation to Reduce Competition”

For this chapter we will be discussing how Rite Aid’s ability to be flexible can be taken in various forms, including the option to defer, the option to grow, the option to contract, the option to shut down and restart, the option to abandon, and the option to expand. However, by retaining any of theseContinue reading “Chapter 8 – Flexibility Real Options Analysis”

Rite Aid is a business that built rapport so the customer and their pharmacist can built a strong relationship and trust. Rite Aid is similar in every aspect to CVS and Walgreens when it comes to dispensing medications, but over the years, Rite Aid is trying to worry more of the patient, rather than increasingContinue reading “Chapter 7 Product Differentiation”

Based on the Jay Barney of “Gaining and Sustaining Competitive Advantage”, a company can have the same product or service, but at a different price due to: (1) size differences and economies of scale (2) size differences and dis-economies of scale (3) learning-curve economies (4) differential access to factors of production or (5) technological advantagesContinue reading “Chapter 6 Competitive Advantage & Cost Leadership”

For this week, I am going to explain how Rite Aid fits in the VRIO framework, where VRIO stands for Value, Rarity, Imitability, and Organization. 1. The Question of Value: Do a firm’s resources and capabilities enable the firm to respond to environmental threats or opportunities? In my opinion, Rite Aid does not have theContinue reading “Chapter 5”

In this chapter, through my interpretation, it talks about how any business can twist the threats that they might have face and turn it positive or offset the threat so it would not harm the company. Rite Aid have face so many problems during the last decade and even more so now. There were manyContinue reading “Chapter 4 – Evaluating Environmental Threats and making it to Opportunities”

This is the list for the competition for Rite Aid: CVS, Walgreens, Costco, Amazon’s PillPack, Walmart, and other mail order pharmacies. By doing a risk assessment using Michael Porter’s five forces or threats: 1. Threat of Entry: the pharmacy business is regulated by the state’s board of pharmacy and is regulated by the FDA andContinue reading “Chapter 3 – Environmental threats for Rite Aid”