Cvc Pharmacy Corporate Social Responsibility

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CVC pharmacy chain which is the largest drugstore company the United States of America made dramatic call and decision that received numerous debates and criticism worldwide. The globally trusted company made a controversial decision to take away the tobacco and cigarettes from their stores. The decision from the hugely known drug store company was indeed brave and strategic in consideration of the business ethics that they organizations wanted to maintain. Their decision was made public on February 2014 hence received many reactions from the agencies, governments, individuals, corporate and the media. Therefore, this paper will elaborate the significance of the strategic decisions made in the industry by examining whether the business decision …show more content…

In making a right thing for the organization, the organization should weigh the negatives and the positives of each real option, thus consider all the available alternatives. Despite the financial loss from the ban of the tobacco products from the store, the decision is right. It is reported that the company did not consider the two billion dollar loss in its annual revenue by deciding to engage in the practice that resists it from storing cigarettes in the enterprise.
Premises
1. Specifically, one of the reasons why the decision was right is because the company wanted to show the public that it cares more about the health and the safety of the customers and the whole nation than its potential revenues and profits. Besides, the decision is good for ensuring there are productive and healthier future generations who could play a critical role in the nation building.
2. Moreover, the decision was strategic for the business as the change will enable the company to become more reliable as a health care provider than its previous bad reputations and image. Thus, the company will be capable of increasing its image and reputation that will further increase its market share hence increase its competitive

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