Paper 2

Paper 2

Introduction

This paper intends to discuses six different topics. It includes types of strategic control, need for balance between rewards, culture, and boundaries, pros and cons of different organizational structures, elements of effective leadership, ethics program, and types of risk a company may take. In order to analyze these themes, a company is selected known as “Walgreens.” This company was commenced in 1901. Its mission is to be the first choice of consumers for daily living and health crosswise the country. It also wanted to become a major component of consumers' communities and the lives where they dwell and work. The firm offers the most expedient, multi-channel entrance to services and goods, and health, wellness, and pharmacy services whilst establishing an innovative customer value and experience (www.babson.edu). The company has currently appeared greatly in Atlanta and surrounding area. They have great prices and good variety of items. They are a smaller version of Wal-Mart.

Discussion

How Walgreens Attains Balance between Culture, Rewards, and Boundaries

Walgreens attains balance between culture, rewards, and the boundaries through a loyalty program provided by Walgreen Company. This program is also known “the program” or “balance rewards.” Customers participate in this program with an agreement on terms and conditions, policies, rules, regulations, and processes of the program accessible at Walgreens.com/Balance. The company holds full rights to alter terms and conditions of the program at any time. A U.S. resident at least 13 years old can participate in this program. The company has the right to reject issuance of Balance Rewards Card for consumers who do not follow proper procedure of enrollment. Through Balance Reward Card, that is also known as the “Card”, consumers can avail promotional and sale prices, receive points for balance rewards on some behaviors or purchases and exchange or trade in points on some prospective purchases. The company announces a number of offers and promotions that are available at different store locations. All the deals or promotions are not available at all the stores, at same time. Through this loyalty program, Walgreens maintains a corporate culture among its consumers and builds positive image and ultimately receive value from consumers in return.

The culture of a leader and an organization is formed through his or her particular leadership strategy and style. The leadership strategy and style is formulated and implemented through applying a number of leadership theories and models according to the situation, nature of business, and structure of an organization. The primary method in forming the leadership strategy is to analyze the business methodology for suggestions and for new authority necessities. This examination ordinarily requires a group of masters made out of some individuals who know the business closely and other people who are acquainted with techniques for getting, holding, and improving authority ability. Starting with the business procedure, the first stage is to recognize the drivers of the system.

Drivers are the key decisions that leaders make about how to position the association to take benefits of its qualities, shortcomings, chances and dangers in the commercial ...