Strategic Management Report: McKesson Corporation Analysis

This report provides an overview of McKesson Corporation, a pharmaceutical distribution company. It examines the company's communication systems, which focus on bridging gaps in healthcare workflow and providing solutions for healthcare management. The report highlights the company's strategies, including supply chain development, distributor selection, data storage using modern technology, and product standardization. The analysis evaluates the effectiveness of these strategies, emphasizing the importance of business and patient safety. The report concludes by summarizing the strategic responses and communication systems of the organization. The report also includes references from the company's website and other academic sources.

Running head: STRATEGIC MANAGEMENT
Strategic management of McKesson Corporation
Name of the student
Name of the university
Author Note:

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Table of Contents
Introduction................................................................................................................................3
Overview of the company..........................................................................................................3
Communication System of the Company..................................................................................4
Strategy of the Company............................................................................................................4
Effectiveness or Ineffectiveness of the company.......................................................................5
Conclusion..................................................................................................................................5
References..................................................................................................................................6

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Introduction
The following report has highlighted the importance of a communication systems and
strategies that are implemented by a business organization. Business communication systems
are the process and the means through which the business organizations passes the business
information from one department to another or from one person to the other person in a
business organization. The communication process can be both internal as well as external in
nature. There are a number of different sources that supports the business communication
processes. The presence of strong and robust communication systems of the business helps
the organization to ensure the constant support and presence of proper elements within the
business. The choice of communication system will be important for the organization as
because a proper communication system can help ensure the success of the organization. The
following presentation has selected McKesson Corporation to gain an idea of the total
communication process.
Overview of the company
McKesson Corporation is a pharmaceutical distribution company based in New York
City of America. The company also provides health care information and the necessary
technologies. This apart the company also specializes in providing care management tools for
different types of the health care industries. The organization established in the year 1833 is
headquartered in Texas and trades in the New York Stock Exchange. Apart from carrying out
business directly, the company also carries out business through a number of different
subsidiaries that includes Rexall Drugstore, Health Mart and Celesio (mckesson.com 2019).
With an annual revenue of US$208 billion, the company employs close to 80,000 people
which helps to make the organization one of the best around the globe. The company has
been listed in the Fortune Global 500 list as the 6th highest revenue earner in US.

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Communication System of the Company
The McKesson communication system is based on the qualitative intelligence and
communication system. The offerings of the company of the company bridge the gaps in
communication by giving different types of comprehensive view of healthcare workflow.
This communication process is basically external in nature and provides the ideal solutions to
the management of the hospitals by helping them to save finance, maintain the policies of
healthcare and ensure the safety of the patients and the employees. Apart from this the
company also provides the solutions that helps the management of the organizations to work
towards continuous improvements (Makary et al. 2019). The communication systems
provided by the company helps to solve the different hurdles and issues that exist in a proper
communication chain. The system is constructed in such a manner that it helps to track down
the wide range of the tasks and communication process of the organizations. The review
system and the scope for improvement helps to deliver a better result to the organizations that
adheres to the following communication systems.
Strategy of the Company
The strategies of the company is basically based on the development of the supply
chain of the business which includes the likes of the;
a. Enlisting a distributor that helps in the development of the inventory management.
The selection of a distributor can help fix the distribution process and earn trust and
reputation in the market.
b. No discount on the packaging of drugs. The absence of any discount on the drugs
packaging helps to ensure the proper delivery and storage of the drugs as any form of
discount can bring in casual approach amongst the distributors.

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c. Storing data of the supply chain by using modern technology. The use of the modern
technology can ensure the success of the business as the use of the modern technology
can help store the sensitive data which is needed for a multichannel company like
McKesson.
d. The product standardization policy can be used to improve the efficiency of the
supply chain process and reduce the supply chain vulnerability.
Effectiveness or Ineffectiveness of the company
The company ensures a better health in both business and patient safety around the
globe and both are linked with each other. The business health and the organizational health
are both the things to focus for the organization (Redley et al. 2019). The company has been
quite effective to deliver the business results as they focus both on business health and
therefore the company can also focus on the organizational element. The company also focus
on connectivity that helps the organization to ensure success.
Conclusion
The report here presents the brief overview of McKesson Corporation and also
presents the strategic picture of the company. The report here presents a proper and organized
picture of the strategic response of the company and the communication system of the
organization which has made the report important in nature.

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References
Makary, M. S., Hartwell, C., Egbert, N. K., & Prevedello, L. M. (2019). Streamlining
Communications and Enabling Point-of-care Education in Radiology Through a
Mobile Application Solution. Current problems in diagnostic radiology.
Redley, B., Botti, M., Wood, B., & Bucknall, T. (2017). Interprofessional communication
supporting clinical handover in emergency departments: An observation
study. Australasian Emergency Nursing Journal, 20(3), 122-130.
McKesson Reaffirms Fiscal 2018 Outlook and Provides Preliminary Fiscal 2019 Outlook |
McKesson. (2019). Retrieved 21 September 2019, from
https://www.mckesson.com/about-mckesson/newsroom/press-releases/2018/
mckesson-launches-multi-year-strategic-growth-initiative/
McKesson | Medical Supplies, Pharmaceuticals & Healthcare Solutions. (2019). Retrieved 21
September 2019, from https://www.mckesson.com/