Discussion question of business strategy and policy based on the | Business strategy and policy
One tangible asset of CVS Health is its extensive network of pharmacies. This has enabled them to become one of the largest retail pharmacy chains in the United States and provides them with access to a wide customer base. When conducting a VRIO analysis, it can be seen that this asset is valuable as it allows CVS Health to offer convenient services such as prescription fulfillment, health screenings, and immunizations. Additionally, their pharmacies are also located in prime locations which increases brand visibility and customer accessibility.
Furthermore, since there are few competitors with an identical level of reach and resources, this asset is rare for CVS Health. Finally, due to their resources and strategic partnerships with other healthcare providers they are able to leverage this asset by providing customers cost-effective services while still maintaining profitability which makes this a distinctive competence for the company overall.