History of C.V. C.V. Healthcare Corporation Essay Example
History of C.V. C.V. Healthcare Corporation Essay Example

History of C.V. C.V. Healthcare Corporation Essay Example

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  • Pages: 3 (743 words)
  • Published: April 7, 2018
  • Type: Analysis
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C.V. Healthcare Corporation, the top retail drugstore chain in the US in terms of sales and number two in locations, recently made an ethical decision to remove chi garrotes and tobacco products from its shelves, aligning with its visions and goals. Established in 1963, C.V. has over 7,700 locations and more than 65 million plan members as part of its prescription benefits management program. Its growth is realized through many acquisitions over the years, with over 900 stores with Minuteness's inside and locations in 46 states including the District of Columbia. The company employs more than 200,000 individuals globally and also has international locations. C.V.'s in-ski ND contributions and charitable donations totaled $175 million in dollars. Its leadership team consists of executives with a broad range of experience and various backgrounds. President and CEO Larry Merle and Senior Vice President Eileen Bo

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one are responsible for creating partnerships and creating healthier communities as well as corporate social responsibility and philanthropy.

Morel is transforming C.V. through his leadership style by delivering services and rodents that help customers manage healthcare in a cost-effective way. Morel's experience and education as a pharmacist have contributed to this outcome. He led the charge for C.V. to become the first major retail pharmacy to eliminate tobacco sales in its stores. The company prioritizes creating healthy solutions for all stakeholders. Boone oversees the company's "Prescription for a Better World" program, which aligns with C.V.'s Corporate Social Responsibility (CARS) goals aimed at community engagement and healthcare partnerships. The company values ethics, which are reflected in its policies and practices. C.V. adheres to principles of International Labor Laws and the Nations Universal D acceleration

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of Human Rights. The company creates useful products and services that benefit the community under Bone's leadership, ensuring the alignment of CARS initiatives with the organization's goals.The company's main program, called "Prescription for a Better World," focuses on creating economic opportunities, building healthier communities, and protecting the planet. To achieve these goals, the program focuses on affordable healthcare, patient privacy, information security, managing the company's carbon footprint, prescription drug abuse, and tobacco cessation. In early 2014, the company aligned its Code of Ethic Policy with the CARS initiative and decided to stop selling cigarettes and tobacco products in its over 900 Minute Clinics. The decision was made because the company's values and goals for helping the community achieve better health were compromised by selling these products. The company announced its plan to remove all tobacco products from its shelves in October of 2014, making it the first pharmacy chain to take such action.

The move by the chain to align with its CARS responsibilities and be taken seriously as partners in better healthcare is reflected in CVS's decision to end the sale of cigarettes, which has been acknowledged as the right thing to do (C.V., 2014). Harper (2014) reveals that the company aims to play a role in eliminating the over 480,000 premature deaths and diseases associated with tobacco products. This decision is backed by utilitarianism, as it creates greater good for the majority of people (Morehouse, 2010). Utilitarianism actions are deemed right when they generate more pleasure than pain for everyone (Khan, 2011). Moreover, HTH's move is designed not only to serve their customers but also to benefit the surrounding communities by lowering costs

and enhancing quality of life through healthier living. Although this ethical decision will cost CVS approximately $2 billion dollars in annual revenue sales (Harper, 2014), the company is dedicated to promoting better healthcare for the majority of people in communities.

C.V. will experience a loss in earnings due to its decision to remove cigarettes and tobacco products from its shelves. However, the company has implemented other initiatives that will prevent this decrease from reflecting on its profit statement. These actions align with C.V.'s philosophy of economics, which emphasizes justice, welfare, and economic utilitarianism for the principle of service. The company's move to eliminate tobacco products has led to partnerships with organizations like the American Medical Association, creating new opportunities, like offering smoking cessation therapy programs that will generate profits. Under Morel's leadership, C.V. is repositioning itself as a vital healthcare provider instead of a mere store. The decision to remove tobacco and cigarettes from its shelves is an example of ethical and positive leadership because C.V. chose to prioritize the greater good of society over financial gains, reflecting the principles of utilitarianism ethics.

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