Rite Aid Corporation

During the 2010s, Rite Aid Corporation, as one of the leading pharmacy retailers in the USA, suffers from the significant economic pressure and intensified competition within the industry. The observed financial losses of the company support the idea that Rite Aid Corporation needs the revision of the current managerial and economic strategies implemented and followed in the company.Advertising We will write a custom case study sample on Rite Aid Corporation specifically for you for only $16.05 $11/page Learn More Today, the company has to compete with such giants of the industry as Walgreens Corporation and CVS Caremark Corporation. However, the financial reports provided by Rite Aid Corporation state that the company needs to cope with the debts and to improve the work of run-down stores to change the situation for better and to focus on the effective strategic management (Hitt, Ireland, and Hoskisson). That is why, it is essential to identify the prob lems and challenges experienced by the company which prevent it from concentrating on the competitive advantage and from creating value within the competitive industry, and it is necessary to analyze the alternatives to propose the plan of the further actions. The economic activities and profitability of Rite Aid Corporation are characterized by significant unmanageable debts and underperforming stores which organization and management are not capable to attract the variety of customers typical for the industry. Thus, the economic and financial losses associated with the performance of run-down stores are the main problem of Rite Aid Corporation. The next connected problem is the intensive competition within the industry, which cannot be won until Rite Aid Corporation solves its financial and strategic issues. The associated problems or challenges to influence the development of the company negatively are the shortage of professionals characteristic for the industry in general and t he decrease in number of less expensive generics which can contribute to improving the retailer’s economic situation. The next global problem which influences Rite Aid Corporation directly is the trends to change retailing pharmacy with the other services such as mail-order pharmacies (Hitt, Ireland, and Hoskisson).Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Thus, the existing alternatives to cope with the problems in relation to the current industry tendencies are the expansion of the services to involve the mail-order pharmacy functions and sales according to the specific Internet-based drug prescription services. Furthermore, it is essential to focus on in-store clinic market as the potential for development. While orienting to the mail-order pharmacy functions, Rite Aid Corporation can provide customers with convenient and cost-saving services. The pros of the alternati ve are in possibilities to refer to the experience of CVS Caremark Corporation. The focus on the Internet-based drug prescription services is advantageous because of expanding the company’s frames, but this shift can be too challenging. The in-store clinic market is competitive because of the presence of Walgreens Corporation, but it provides the space for the expansion. From this point, the proposed actions should be based on orienting to the mail-order pharmacy functions because of the apparent profitability of the sphere, and this action can contribute to overcoming the experienced financial losses. The company can become less dependent on the industry’s development while expanding the frames for competition and providing the mail-order pharmacy services. The decrease in number of less expensive generics can be overcome with changing the pricing policy and avoiding strict financial controls typical for the company’s stores. Furthermore, the problem with the s hortage of professionals can be resolved with references to the company’s optimization and focus on providing the additional mail-order pharmacy services. The discussed actions can have more positive consequences than negative ones because Rite Aid Corporation will rely on the new trends within the industry while expanding the frames also in the company’s strategic management. The fact of adding the mail-order pharmacy functions can require the changes in the strategies, but the overall results are expected to be positive. Works Cited Hitt, Michael, Duane Ireland, and Robert Hoskisson. Strategic Management: Competitiveness and Globalization. USA: Thomson South-Western Publishers, 2013. Print.Advertising We will write a custom case study sample on Rite Aid Corporation specifically for you for only $16.05 $11/page Learn More This case study on Rite Aid Corporation was written and submitted by user Kiara Fowler to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Different Types of Third-Person Point of View

Different Types of Third-Person Point of View In a work of fiction or nonfiction, the third-person point of view  relates events using third-person pronouns such as he, she, and they. The three main types of third-person point of view are: Third-person objective:  The facts of a narrative are reported by a seemingly neutral, impersonal observer or recorder. For an example, see The Rise of Pancho Villa by John Reed.Third-person omniscient:  An all-knowing narrator not only reports the facts but may also interpret events and relate the thoughts and feelings of any character. The novels Middlemarch by George Eliot and Charlottes Web by E.B. White employ the third-person-omniscient point of view.Third-person limited:  A narrator reports the facts and interprets events from the perspective of a single character. For an example, see Katherine Mansfields short story Miss Brill. In addition, a writer may rely on a multiple or variable third-person point of view, in which the perspective shifts from that of one character to another during the course of a narrative. Examples and Observations in Fiction The third-person perspective has been effective in a wide range of fiction, from the biting political allegory of George Orwell to E.B. Whites classic and emotional childrens tale. At the age of seventeen I was poorly dressed and funny-looking, and went around thinking about myself in the third person. Allen Dow strode down the street and home.  Allen Dow smiled a thin sardonic smile. (John Updike, Flight. The Early Stories: 1953–1975. Random House, 2003)They all remembered, or thought they remembered, how they had seen Snowball charging ahead of them at the Battle of the Cowshed, how he had rallied and encouraged them at every turn, and how he had not paused for an instant even when the pellets from Joness gun had wounded his back. (George Orwell, Animal Farm, Secker and Warburg, 1945)The goose shouted to the nearest cow that Wilbur was free, and soon all the cows knew. Then one of the cows told one of the sheep, and soon all the sheep knew. The lambs learned about it from their mothers. The horses, in their stalls in the barn, pricked up their ears when they heard the goose hollering; and soon the horses had caught on to what was happening. (E.B. Whi te, Charlottes Web. Harper, 1952) The Writer as Movie Camera The use of the third-person perspective in fiction has been likened to the objective eye of a movie camera, with all its pros and cons. Some teachers of writing advise against overusing it to get into the heads of multiple characters. Third-person point of view allows the author to be like a movie camera moving to any set and recording any event....It also allows the camera to slide behind the eyes of any character, but beware- do it too often or awkwardly, and you will lose your reader very quickly. When using third person, dont get in your characters heads to show the reader their thoughts, but rather let their actions and words lead the reader to figure those thoughts out.- Bob Mayer, The Novel Writers Toolkit: A Guide to Writing Novels and Getting Published (Writers Digest Books, 2003) Third Person in Nonfiction The third-person voice is ideal for factual reporting, in journalism or academic research, for example, since it presents data as objective and not as coming from a subjective and biased individual. This voice and perspective foreground the subject matter and diminish the importance of the intersubjective relationship between the author and the reader. Even business writing and advertising often use this perspective to reinforce an authoritative tone or even to avoid creepiness, as the following example from Victorias Secret displays so well: In nonfiction, the ​third-person point of view is not so much omniscient as objective. Its the preferred point of view for reports, research papers, or articles about a specific subject or cast of characters. Its best for business missives, brochures, and letters on behalf of a group or institution. See how a slight shift in point of view creates enough of a difference to raise eyebrows over the second of these two sentences: Victorias Secret would like to offer you a discount on all bras and panties. (Nice, impersonal third person.) I would like to offer you a discount on all bras and panties. (Hmmm. Whats the intent there?)...Unabashed subjectivity may be fine for ever-popular memoirs on incest and inside-the-Beltway intrigue, but the third-person point of view remains the standard in news reporting and writing that aims to inform, because it keeps the focus off the writer and on the subject.- Constance Hale, Sin and Syntax: How to Craft Wickedly Effective Prose (Random Hous e, 1999) Personal and Impersonal Discourse Some writers on writing suggest that the terms third person and first person are misleading and should be replaced by the more precise terms personal and impersonal discourse. Such writers argue that third person incorrectly implies that there is no personal viewpoint in a piece or that no first-person pronouns will appear in a text. In works using two of the subset examples cited above, third-person objective and third-person limited, personal perspectives abound. To work around this confusion, another taxonomy is proposed. The terms third-person narrative and first-person narrative are misnomers, as they imply the complete absence of first-person pronouns within third-person narratives....[Nomi] Tamir suggests replacing the inadequate terminology first- and third-person narration by personal and impersonal discourse, respectively. If the narrator/formal speaker of a text refers to himself/herself (i.e., if the narrator is a participant in the events he/she is narrating), then the text is considered to be personal discourse, according to Tamir. If, on the other hand, the narrator/formal speaker does not refer to himself/herself in the discourse, then the text is considered to be impersonal discourse.- Susan Ehrlich, Point of View (Routledge, 1990) Despite such concerns, and regardless of what it is named, the third-person perspective is one of the most common ways of communicating in almost all nonfiction contexts and remains a key tool for fiction writers.

Total Quality Leadership Research Paper Example | Topics and Well Written Essays - 2750 words

Total Quality Leadership - Research Paper Example Efficient processes also help minimize cost so companies and organizations using sound processes maximize the use of resources and reduce cost (Deming, 1986). As a management approach, TQL capitalizes on the theory of variation, the application of systems, the mind set of the person or team of persons and the scientific means of pursuing optimum performance (Houston and Dockstader, 1997). As a scientific approach to management, TQL facilitates good performance and the proper delivery of services to maximize productivity (Suarez, 1992). The basic concepts involved in TQL include focus on quality of goods and services, costumer satisfaction, improvement of processes, and process management (Luria, 2008). The underlying principle of this management approach is that improved processes can lead to improved quality of goods and services (Luria, 2008). To improve the organizational processes, a company must look into the different aspects of its operations and recognize the fact that its em ployees are important sources of process information. TQL is a complex concept that affects the different aspects of the business. Like TQM, TQL goes deep into the heart of the business operations to strengthen the organization and it extends outward to reach out to the clients of the business. ... Basic Concepts of TQL and their applications By definition, TQM is an application of quantitative methods as well as people assessment to improve processes within the organization to give better services to clients. This management method takes into consideration the role of human resources within the organization as a repository of processes knowledge (Houston and Dockstader, 1997). For TQL, both individual and collective knowledge are important, thus, it gives emphasis on the collective knowledge of those people who are involved in the different processes employed by the organization (Houston and Dockstader, 1997). As it is, group dynamics in the organization is considered as part of the processes of the organization so working teams are very important. The way the working teams behave in coming up with solutions to issues at different levels of the organization is a very important factor that can make or unmake the organization. Organizations, whether big or small undergo numerous process and the application of TQL is crucial in many of these processes. The different processes that are crucial in the application of TQL in the organization are usually found in the following areas: a. Good Quality The quality of goods and services is one of the primary concerns of TQL so this management approach employs certain measures and quality standards to maximize productivity (Luria, 2008). In most cases, companies do both â€Å"quality control by inspection and audit† and â€Å"quality control by prevent† to maintain product integrity (Feigenbaum, 2007). The main focus of â€Å"quality control by inspection and is to sort out the good and the bad products. By definition, an inspection is an organized evaluation using appropriate tools and certain quality parameters. Most types of