In this assignment, you are to use the same corporation (McKesson Corporation ) you selected and focused on for the Strategic Management and Strategic Competitiveness assignment

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In this assignment, you are to use the same corporation (McKesson Corporation ) you selected and focused on for the Strategic Management and Strategic Competitiveness assignment. (Previous assignment attached for reference)

Using the corporation you chose from the Week 3 assignment, Strategic Management, and Strategic Competitiveness, examine the industry in which the entity operates. Use any or all of the following resources to conduct research on the company:

• Company website.
• Public filings from the Securities and Exchange Commission's Filings & Forms page.
• Strayer University's online databases.
• The Lexis Advance database.
• Other miscellaneous sources. Note: the company's annual report will often provide insights that other resources may not include.
• Use the External and Internal Environments Template [DOC] to ensure that your assignment meets the requirements
• Requirements
  Write a 4–6 page paper in which you do the following:
  • Choose the two segments of the general environment that would rank highest in their influence on the corporation you chose.
    • Assess how these segments affect the corporation you chose and the industry in which it operates.
  • Considering the five forces of competition, choose the two that you estimate are the most significant for the corporation you chose.
    • Evaluate how well the company has addressed these two forces in the recent past.
  • With the same two forces in mind, predict what the company might do to improve its ability to address these forces in the near future.
  • Assess the external threats affecting this corporation and the opportunities available to the corporation.
    • Give your opinions on how the corporation should deal with the most serious threat and the greatest opportunity. Justify your answer.
  • Give your opinion on the corporation's greatest strengths and most significant weaknesses.
    • Choose the strategy or tactic the corporation should select to take maximum advantage of its strengths, and the strategy or tactic the corporation should select to fix its most significant weakness. Justify your choices.
  • Determine the company’s resources, capabilities, and core competencies.
  • Go to the Strayer University Online Library to locate three quality references. Note: Wikipedia and similar websites do not qualify as academic resources. 
  • This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions. The specific course learning outcome associated with this assignment is as follows:
  • Analyze the effects of the general environment, competition, threats, opportunities, strengths, and weaknesses relative to a corporation.
• By submitting this paper, you agree: (1) that you are submitting your paper to be used and stored as part of the SafeAssign™ services in accordance with the Blackboard Privacy Policy; (2) that your institution may use your paper in accordance with your institution's policies; and (3) that your use of SafeAssign will be without recourse against Blackboard Inc. and its affiliates.

1 Week 6 External and Internal Environments Assignment Tiara Reed BUS499 Business Administration Capstone Dr. Keller Date Figures title: 2 Template Instructions (delete this page before submitting) This template is provided to help you meet the assignment requirements. This page should NOT be submitted with your assignment, as it is not part of an academically written paper. Note the “Clarity, writing mechanics, and formatting requirements” section of the grading rubric. HOW TO USE THIS TEMPLATE • Read the explanations provided in the template for each section of your paper. o The explanations are in blue font below. o You should have already read the assignment instructions in Blackboard. • Type your response to each of the assignment requirements within the designated sections. o Each assignment requirement is identified using a section Heading that is in black font o DO NOT add extra spaces between sections. o DO NOT change the margins. • You are required to have a heading for each of the sections in your paper. o The required headings have been provided for you. o Follow the instructions below to customize the Headings as directed. o DO NOT type the assignment instructions into the sections. • After typing your responses, change the font color to black and make sure it is not in bold. o Be sure to change the font color on the title page to black after typing your name, professor’s name, and date. • Everything in blue font below should be deleted and replaced with your responses. • DELETE this entire page before you submit your assignment to avoid losing points. Do not leave a blank page here. REMINDERS • The assignment is due in week 6. Late submissions negatively impact your grade. • Use the same public corporation you used for the Week 3 assignment. • Do not copy content from other assignments in this class or others. • Include at least 4 full and complete academically written pages that address the requirements. The title page, this instruction page, and the source page do not count. • Use at least 3 quality sources, one of which MUST be the course textbook. • Strayer uses SafeAssign – an automated plagiarism checker. It is advised that you do your own writing and use external resources to support what you have written in your own words. Figures title: 3 Week 6 External and Internal Environments Assignment Write your introduction here. Include one paragraph (not more than 6 lines of text) that explains what your paper will discuss. Much of your introduction may be taken from the assignment instructions (in your own words). Read all assignment resources to understand what should be included in your paper. Be sure to review the assignment instructions in Blackboard, the grading rubric, and relevant course announcements to understand the requirements. Do not exceed 6 lines of text in this introduction. There should be no direct quotes in this section. After reading these instructions, replace this blue text with your introduction and change the font color to black. General Environment In this section you will choose the two segments of the general environment that would rank highest in their influence on the public corporation you chose for assignment 1. You must select from the segments discussed in the course. Hint: see table 2.1 in the textbook. Do not assess all the segments—only assess the two segments that rank highest in influencing your corporation. You will then assess how these segments affect the corporation and the industry in which it operates. There are two subsections below, each has a heading. The heading “Segment 1” should be changed to the first segment of the general environment you select. The heading “Segment 2” should be changed to the second segment of the general environment you select. Replace this paragraph with a very brief introduction that includes the identification of the two segments of the general environment you selected and change the font color to black. Segment 1 This subsection is where you assess the first of the two segments of the general environment you think ranks highest in its influence on the public corporation you chose for the Figures title: 4 Week 3 assignment. Change the subheading for this section, which currently says “Segment 1” to the name of the selected segment. Assess how this segment affects the corporation and the industry in which it operates. Remember that to assess a concept, you will weigh all aspects to judge the importance or relevance of that concept. Do not simply define the segment. Do not copy from your Week 3 assignment submission. Your assessment should demonstrate that you have read, understand, and can apply the concepts covered in the course resources regarding the segment. Your writing here should thoroughly assess how the selected segment influences your corporation. Do not write about the general environment in general terms. Your assessment should be directly related to your selected corporation. A thorough assessment is defined as providing a complete response that is not superficial or partial regarding the various details of the concepts as described in the course. You will need to apply and incorporate key concepts from the course material to your assessment. Do not Google “segments of the general environment” or provide high-level summaries. You must display, in specific detail, an understanding based on what is studied in this course and demonstrate your ability to apply the concepts in a real-world assessment of a corporation. Read chapter 2 in the course textbook. Review the Week 2 Learn Reading for supporting content. Properly cite your sources and avoid the use of direct quotes. After reading these instructions, replace this blue text with your assessment and change the font color to black. Segment 2 This subsection is where you assess the second of the two segments of the general environment you selected. Change the subheading for this section, which currently says “Segment 2” to the name of the selected segment of the general environment that would rank highest in its influence on the public corporation you chose for the Week 2 assignment. Repeat Figures title: 5 the evaluation instructions provided in the “Segment 1” subsection above for this second segment of the general environment. Re-read the instructions above to ensure you have covered all of the requirements for this second segment of the general environment. After completing this section, replace this blue text with your evaluation and change the font color to black. Five Forces of Competition In this section you will consider the five forces of competition and choose the two that you estimate are the most significant for the corporation you chose in assignment 1. Hint: see figure 2.2 in the textbook. You will then, evaluate how well the company has addressed each of these two forces in the recent past. There are two subsections below, each has a heading. The heading “Force 1” should be changed to the first of the two forces of competition you select. The heading “Force 2” should be changed to the second of the two forces of competition you select. Replace this paragraph with a very brief introduction that includes the identification of the two forces of competition you selected and change the font color to black. Force 1 This subsection is where you evaluate the first of two forces of competition that you estimate to be the most significant to the corporation you chose. Change the subheading for this section, which currently says “Force 1” to the name of your selected force. Provide a thorough assessment of why you think the selected force is significant to your corporation. A thorough assessment is defined as providing a complete response that is not superficial or partial regarding the various details of the concept as described in the course. Do not Google “five forces of competition” or simply provide a definition. You will need to apply and incorporate key concepts from the course material in your assessment. Figures title: 6 Evaluate how well the company addressed the selected force in the recent past. This will require some research. Remember that to evaluate a concept, you will break down all components to determine or analyze facts, value, or views. Your evaluation should demonstrate that you have read, understand, and can apply the concepts covered in the textbook and course resources. Do not write about the selected force in general terms. Your evaluation should be directly related to your selected corporation and include a thorough evaluation of how the company has addressed the force recently. You must display an understanding based on what is studied in this course and demonstrate an ability to apply the concepts in a real-world evaluation of a corporation. You will need to read the chapters and listen to the lectures to understand the key concepts for each force. Read chapter 2 in the course textbook and review the Week 2 Learn Reading for supporting content. Cite all sources and limit the use of direct quotes. After reading these instructions, replace this blue text with your evaluation and change the font color to black. Force 2 Choose another one of the five forces of competition that you estimate to be the most significant for the corporation you chose. This should not be the same force assessed in the “Force 1” section above. Change the subheading for this section, which currently says “Force 2” to the name of the selected force. This subsection is where you evaluate the second of the two forces of competition that you selected. Repeat the evaluation instructions provided in the “Force 1” subsection above for this second force of competition. Re-read the instructions above to ensure you have covered all of the requirements for this second force of competition. After completing this section, replace this blue text with your evaluation and change the font color to black. Figures title: 7 Future Improvements With the same two forces assessed and evaluated in the previous two sub-sections above, predict what the company might do to improve its ability to address the forces in the near future. Your writing here should provide a thorough prediction of what the company should do to address impacts from the selected forces. Do not simply discuss company information published by your sources. This section should be your prediction of what the corporation should do. Your prediction should be your own, not predictions or recommendations from your sources or actions your corporation has already taken or plans to take. Remember that a thorough evaluation is defined as providing a complete response that is not superficial or partial regarding the various details of the concepts as described in the course. Your prediction should be specific to your selected corporation, relevant to the evaluation you conducted, and directly related to improvements the corporation could make to address the two forces you selected in the two subsections above. Read chapter 2 in the course textbook and review the Week 2 Learn Reading for supporting content. Cite your sources and avoid the use of direct quotes. After reading these instructions, replace this blue text with your prediction and change the font color to black. Greatest External Threat Identify what you consider to be the greatest external threat to the corporation you selected. The threat should be specific to your corporation. Justify why you consider the threat to be the greatest. Support your justification with an assessment of the impact the threat has on the corporation. For example, your justification could include a comparison of other threats or an evaluation of facts that support the magnitude of the threat’s impact. Follow this justification with a discussion on how the corporation should address the threat. Specifically describe the strategy and provide a justification that supports why you believe the strategy will be successful Figures title: 8 in combating the threat. This section must include both a clearly identified external threat and a clearly articulated action\strategy the corporation should take to address the threat. Do not write in general terms. Your writing here should be specific and incorporate the course concepts relating to threats and the external environment. Read chapter 2 in the course textbook. The textbook provides a solid background for this section. Review the Week 2 Learn Reading for supporting content. Cite your sources and avoid the use of direct quotes. After reading these instructions, replace this blue text with your response and change the font color to black. Greatest Opportunity Identify what you consider to be the greatest opportunity to the corporation you selected. The opportunity should be specific to your corporation. Justify why you consider the opportunity to be the greatest. Support your justification with an assessment of the impact the opportunity could have on the corporation. For example, your justification could include a comparison of other opportunities or an evaluation of facts that support the magnitude of the opportunity’s impact. Follow this justification with a discussion on how the corporation could best take advantage of the opportunity. Specifically describe the strategy and provide a justification that supports why you believe the strategy will be successful in adding value to the corporation. This section must include both a clearly identified opportunity and a clearly articulated action the corporation should take to take advantage of the opportunity. Do not write in general terms. Your writing here should be specific and incorporate the course concepts relating to opportunities and the external environment. Read chapter 2 in the course textbook. The textbook provides a solid background for this section. Review the Week 2 Learn Reading for supporting content. Cite your sources and avoid the use of direct quotes. After reading these instructions, replace this blue text with your response and change the font color to black. Figures title: 9 Strengths and Weaknesses Give your opinion on the corporation's greatest strengths and most significant weaknesses. Keep in mind that strengths and weaknesses are internal to the organization (i.e. the internal environment). You will need to address both the greatest strengths and most significant weaknesses. Do not choose one or the other. Both the greatest strengths and most significant weaknesses must be addressed. Do not write in general terms. The identified strengths and weaknesses should be specific to your selected corporation. Include a justification that supports your opinions. This section must include both clearly identified strengths and clearly identified weaknesses. Read Chapter 2 and 3 in the course textbook. The textbook provides a solid background for this section. Review the Week 2 and Week 3 Learn Reading for supporting content. Cite your sources and avoid the use of direct quotes. After reading these instructions, replace this blue text with your application and change the font color to black. Strategy or Tactic Choose the strategies or tactics the corporation should select to take maximum advantage of the strengths you identified in the section above, and the strategies or tactics the corporation should select to fix the most significant weaknesses you identified. You will need to select strategies/tactics for both the strengths and weaknesses. Do not choose one or the other. Strategies/tactics for both the strengths and weaknesses must be addressed. Justify your choices. Your justifications should be sound and thoroughly explained. For example, do not simply state that the corporation should choose a selected strategy, but rather explain why the strategy is a good choice for your corporations’ specific strengths or weaknesses. Read Chapter 2 and 3 in the course textbook. The textbook provides a solid background for this section. Review the Week 2 and Week 3 Learn Reading for supporting content. Cite your sources and avoid the use of direct Figures title: 10 quotes. After reading these instructions, replace this blue text with your responses and change the font color to black. Resources, Capabilities, and Core Competencies Determine the company's resources, capabilities, and core competencies. Your determination should include an explanation of the relevance of each resource, capability, and core competency. Do not simply list the resources, capabilities, and core competencies. Remember that a thorough determination will provide a complete response that is not superficial or partial regarding the various details of the concepts as described in the course. Use your course materials to demonstrate your understanding of the key course concepts regarding resources, capabilities, and core competencies. Do not write in general terms. Your determination should display that you can apply the course concepts to your selected corporation. Read Chapter 3 in the course textbook. The textbook provides a solid background to this section. Review the Week 3 Learn Reading for supporting content. Cite your sources and avoid the use of direct quotes. After reading these instructions, replace this blue text with your determination and change the font color to black. Figures title: 11 Sources 1. Hitt, Ireland, & Hoskisson. 2020. Strategic management: Concepts and cases: Competitiveness and globalization (13th ed.). Mason, OH: South-Western Cengage Learning 2. Author. Publication Date. Title. Page # (written as p. #). How to Find (e.g. web address) 3. Author. Publication Date. Title. Page # (written as p. #). How to Find (e.g. web address) Week 3 Assignment 1 (redo) Tiara Reed Strayer University BUS499 Business Administration Capstone Dr. Keller 7/24/2021 Introduction McKesson Corporation is a US company that distributes medical supplies, pharmaceuticals, health information technologies, and beauty care products in various parts of the world. The company was founded in 1833 and has its headquarters in Irving, Texas. It is positioned as a top player in the healthcare industry and currently ranks 7th on Fortune 500 rankings. The company believes in offering top-quality care and value through the products it distributes. This paper will discuss the impact globalization and technology have had on McKesson Corporation and how the company can improve its revenues through industrial organization and resource-based models. The report will also discuss the mission and vision of the company, as well as how the firm's stakeholders have contributed to the company's success. Globalization Globalization refers to the process by which firms gain and develop international power allowing them to operate on a global scale (Hitt, Ireland & Hoskisson, 2020). For instance, McKesson Corporation is the leading pharmaceutical company in the US and has successfully expanded its operations internationally. For instance, the company distributes healthcare goods such as pharmaceuticals, medical technology, and supplies across international borders. Also, the company has expanded operations to various countries, including Australia, Canada, and Europe. The company also has offices in France, Netherlands, the UK, Ireland, and Australia (McKesson Corporation, 2021). In this case, McKesson strives to make people well by improving their clinical and financial outcomes. As a result of globalization, the company engaged in a partnership with Celesio AG, a Germany-based pharmaceutical logistic company, to strengthen its capacity in delivering solutions to patients, manufacturers, and pharmacies (McKesson, 2018). This partnership impacted McKesson by widening its global footprints, market share, and healthcare services heritage. Also, operating globally has allowed customers to benefit from efficient supply chains, improved global sourcing, and increased transfer of innovative medical technology. In addition, globalization has allowed the company to improve its logistics capabilities while introducing additional income sources through the purchase and sale of its products and services in international markets (Alva, 2014). On the other hand, it is crucial to understand that globalization has also led to increased competition since McKesson now competes on a global scale. For instance, some of the company's major competitors include Cardinal Health, Sanofi, Walgreens, Pfizer Inc., and others. Also, international operations have exposed the company to healthcare, environmental, privacy, and other laws and regulations that vary with the state leading to increased compliance costs that impact the company's profit margins (Annual Reports, 2020). Technology Technological changes have also impacted McKesson Pharmaceuticals in various ways. For instance, the company has invested heavily in technology to improve the population's health by improving patient experience and reducing care costs. Also, investment in technology has improved the company's capabilities allowing the company to achieve its objectives. For instance, McKesson has invested in cloud technology by adopting the Google Cloud Platforms service. This has allowed the company to integrate modern data analytics tools into its infrastructure, resulting in improved artificial intelligence and big data analytics capabilities (DeCounto, 2020). For instance, cloud analytics allows the firm to monitor patients in real-time and determine treatment efficacy. This move has also helped the firm to increase the development of better/advanced products. Finally, cloud technology has allowed McKesson to transform how the company managed patient's medical records and clinical data. The other technology that has impacted McKesson Corporation is automation. For instance, the company is working in partnership with Komodo Health to automate various activities. Komodo's predictive analytics tools can help doctors to monitor patients and predict disease progression. Also, Komodo health's analytics healthcare map can capture anonymous patient data to promote machine learning and provide population insights to pharmaceutical companies (DeCounto, 2020). The other aspect of automation is artificial intelligence, where McKesson utilizes AI-powered analytics software to automate its payment methods. This allows the company to reduce instances of double or missed, or erroneous payments. McKesson has also been impacted by technology through digital engagements through social media. For instance, the company utilizes its social media platforms to attract new clients and generate new business (McKesson, 2017). Also, the company utilizes these channels to drive audience engagement by sharing information and engaging in dialogue with social media users. Genome sequencing is also a disruptive technology that has influenced McKesson's position in the market. This technology has made it possible for the company to provide individualized therapy through the manufacture of personalized medicine. Rather than manufacturing drugs for the general population, the company focuses on personalized drugs by understanding metabolic and genetic differences. Industrial Organization Model (I/O) The I/O model is based on the assumption that external environmental factors determine a firm's actions. In this case, firms will often identify and operate in environments that provide better profitability opportunities that make the form more competitive (Hitt, Ireland, & Hoskisson, 2020). In this case, the I/O model analyzes the factors that contribute to the company's overall strategy in terms of market power, product differentiation, and policy issues that could impact the firm's operations. In McKesson's case, the firm must focus on product quality and uniqueness to target consumers in less price-sensitive segments. For instance, product differentiation would give the company a competitive edge in the market since there are intellectual property rights that protect such products through patents. Product differentiation would allow the company to manufacture products that respond to consumer diversity in the markets it operates. In addition, the company could utilize the I/O model to improve its revenues by determining the attractiveness and profitability of the industry through analyzing the five forces. For instance, McKesson Corporation has a sustainable international strategy that enables it to compete efficiently with other pharmaceutical participants. According to the five forces model, McKesson Corporation is highly profitable. Although the company faces a low threat of new entrants, it should leverage its economies of scale to implement a cost advantage strategy to attract new customers. In order to reduce the bargaining power of buyers, McKesson should strive to fulfill their demands through investment in research and develop superior products. The company should also improve its marketing strategy to build a large number of loyal customers. McKesson should also leverage the low supplier switching cost to buy raw materials from suppliers at a low price and increase its profit margins. Also, increasing the number of suppliers in different regions will ensure the company has more efficient supply chains leading to more profitability. Resource-Based View/Model (RBV) RBV is a framework that allows firms to identify the strategic resources they can exploit to promote superior performance and ensure sustainable competitive advantage (Hitt, Ireland, & Hoskisson, 2020). The model provides that resources that are valuable, rare, difficult to imitate, and non-substitutable (VRIO). In this case, McKesson's ability to make above-average returns is dependent on the uniqueness of its resources and capabilities. For instance, Mckesson has a collection of valuable resources that could be leveraged to drive profitability. One of the valuables is its brand image which it has created through engagement in social responsibility. The other valuable resource is financial resources, better supplier relationship, and marketing expertise. These resources could be utilized to build a competitive edge. The company also has rare resources such as skilled and experienced human resources, a high international presence, and adaptability to market changes. This aspect has enabled it to expand its portfolio of customers and earn additional revenue. McKesson's ability to adapt to various external environments and cultures is a unique resource that has enabled it to achieve greater visibility, greater penetration, and improved accessibility. In terms of inimitable resources, McKesson has patented various products and technologies that can be leveraged to increase operational efficiency and generate more revenues for the company (Annual Reports, 2020). Also, the organization's ability to invest heavily in R&D function has enabled it to remain abreast with new technologies and create value for the consumers. Other resources such as capital equipment, a pool of talented employees, an efficient distribution system, and technological advancement provide the company with a competitive advantage in the healthcare industry. Mission A mission statement explains a firm's purpose, strategic aims, and why it exists. In this case, it communicates direction to the company stakeholders (SHRM, 2021). In this case, the mission statement should highlight the products or services an organization offers, the goals, and how it hopes to achieve the goals (Hitt, Ireland, & Hoskisson, 2020). In this case, a mission statement should be clear, specific, and realistic to make it easy to understand and realize. Also, the mission statement should be inspirational to ensure employees give their best to achieve the organizational goals. McKesson's mission statement is "to provide comprehensive pharmacy solutions that improve productivity, profitability and result in superior patient care and satisfaction (Comparably, 2021)." This mission statement has three parts, one of which focuses on providing comprehensive pharmacy solutions. The second part involves improving company productivity and profitability, and the third part involves offering superior patient care to improve patient satisfaction. This mission statement is simple, specific, inspirational, and precise. It highlights the company's offering, which is comprehensive pharmacy solutions. The mission statement also highlights the company's intention to increase its productivity and make profits, which is crucial for every company. Lastly, the mission statement highlights McKesson's intention to improve health care services by promoting patient satisfaction by offering high-quality patient care. It shows how the company's products and services enhance customer satisfaction while promoting business success through improved productivity and profitability. This influence is what has transformed the company into a leader in the industry. Vision A vision statement provides a mental picture of where a firm wants to be in the future (SHRM, 2021). In this case, it is aspirational and holistic in nature since it describes what the company desires and how it plans to achieve its long-term goals (Hitt, Ireland, & Hoskisson, 2020). A vision statement should be concise, clear to help stakeholders understand the firm's business strategy and philosophy. McKesson's vision statement is "to improve care in every setting-One product, one partner, one patient at a time (Annual Report, 2020)." McKesson's vision statement is brief, comprehensive, and to the point. It describes the company's plan for success in the healthcare industry. For instance, it highlights the company's primary goal, which is to improve care in all settings. In this case, the company is definite about achieving this goal, which explains the current successes. For instance, McKesson's reach is not limited as it aims to cover all healthcare sectors from suppliers, buyers, patients, and other partners. This has helped the company in its global expansion strategy, which aims to reach more people and healthcare sectors one at a time. This vision has allowed many patients to access superior healthcare services at an affordable cost. Stakeholders Stakeholders in an organization are all the parties who can affect or be affected by a firm's actions. Stakeholders can be categorized as product market, capital market, and organizational stakeholders (Hitt, Ireland, & Hoskisson, 2020).McKesson Corporation has various types of stakeholders that impact the company's success. For instance, product-market stakeholders at McKesson include the company customers, the surrounding community, suppliers, and the union that represents workers. All these stakeholders influence the company since they provide crucial feedback that helps the firm improve its services. For instance, customers expect the company to provide reliable and affordable products. They have prompted the company to invest in R&D to produce superior products and services at the lowest prices possible. On the other hand, the company suppliers expect the company to be a loyal customer and offer sustainable prices for raw materials. The host community expects the organization to operate sustainably, provide employment to its people, pay taxes, and promote social responsibility. Finally, the union influences the company operations by advocating for employee's labor rights in terms of job security and better compensation. This has allowed the company to effectively manage its human resources, making it one of the best organizations to work for. The other stakeholder category is capital market stakeholders, who include the banks and shareholders or company owners. These stakeholders are crucial for McKesson since they fund the firm's investments. However, they expect returns from the investments prompting the company to work towards increasing its bottom line since failure to provide returns could lead to strict conditions during subsequent borrowing. Shareholders could also sell their stock when dissatisfied. Lastly, organizational stakeholders include all the company employees. McKesson must provide a conducive working environment to its employees, including managers and nonmanagers, to enhance performance and productivity. This means the firm must develop employee skills to meet global work standards and improve its competitive edge. McKesson has succeeded due to its ability to utilize its human resource potential. References Alva, M. (2014). The Globalization of an Industry. International Federation of Pharmaceutical Wholesalers, 21(3). Retrieved from http://www.ifpw.com/PDF/FOCUS2014/Focus020614.pdf Annual Report. (2020). McKesson Corporation. United States Securities and Exchange Commission. Retrieved from https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_MCK_2020.pdf Comparably. (2021). McKesson Mission, Vision & Values. Retrieved from https://www.comparably.com/companies/mckesson/mission DeCouto, C. (2020). McKesson: Using Big Data to Improve Care and Save Lives. Sisense. Retrieved from https://www.sisense.com/blog/mckesson-using-big-data-to-improve-careand-save-lives/ Hitt, M. A., Ireland, D., & Hoskisson. R. E.2020. Strategic management: Concepts and Cases: Competitiveness and globalization (13th ed.). Mason, OH: South-Western Cengage Learning McKesson Corporation. (2021). McKesson International. Retrieved from https://www.mckesson.com/McKesson-International/ McKesson. (2017). Five Ways Independent Pharmacies Can Maximize Social Media. Retrieved from https://www.mckesson.com/Blog/Five-Ways-Independent-Pharmacies-CanMaximize-Social-Media/ McKesson.(2018). Celesio UK rebrands as McKesson UK. Retrieved from https://mckesson.uk/celesio-uk-rebrands-as-mckesson-uk/ SHRM. (2021). What is the difference between mission, vision, and values statements? Society for Human Resource Management. Retrieved from https://www.shrm.org/resourcesandtools/tools-and-samples/hrqa/pages/isthereadifferencebetweenacompany%E2%80%99smission,visionandvaluestate ments.aspx