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Essay Available:
Pages:
6 pages/β‰ˆ1650 words
Sources:
10 Sources
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 31.59
Topic:

Business Turnaround Management and Organizational Renewal Strategies

Essay Instructions:

Organization chosen - Rite Aid Corporation (RAD)
ATTACHED ARE "Case assignment instructions", "week 1-4 discussions (Please use these in writing the paper)', "paper writing guidelines by the professor", and other supporting attachments ----------------------------------------------------------------
write a 5 - 8 page paper (report) that integrates underlying theories and concepts learned from week 1- week 4 discussions. Please Do not merely respond to the statements below as if you are step-by-step checking the box. Develop, synthesize, and integrate concepts in a comprehensive clear manner to the reader. Hint: Review your previous discussion threads (week 1 - week 4) to recap what you have succinctly written.
You have been selected as an internal consultant to the company you chose in Module 1 Discussion 2 (Rite Aid corporation).
Consider the following in your evaluation:
A. Company performance has been lacking for a considerable period of time.
B. The board of directors is concerned with plummeting shareholder value.
C. The board of directors wants to know what steps will be taking to bolster the company performance and preserve value.
D. You will have to differentiate between turnaround and renewal.
Using the latest annual report (2022) for Rite-Aid (document attached):
1. Differentiate between the four principal types of ratios (word document attached - with ratio calculations completed)
2. Choose the proper measures to evaluate and assess the current status of the company.
3. Calculate and interpret the Altman Z score to support your argument of the company being a candidate for turnaround. (word document attached - with Z-score calculations completed)
4. Strategy should be examined from the perspective of the business turnaround and decision making.
5. Sometimes, but not always, it is best to take the worst possible view, which would be the strategic choice of choosing a chapter 11 bankruptcy in devising the best approach to preserve the business.
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Writing Guidelines: -
• Running head and pagination. • The length of this paper should be between 5-8 pages (not including the title page, table of contents, reference page and Appendices page). • APA style formatting (7th edition), double spaced, with 1-inch margins and 12 point Times New Roman font. • The paper must have an EXECUTIVE SUMMARY/Statement of purpose (including THESIS statement), INTRODUCTION and CONCLUSION paragraphs. • Please include TITLE PAGE, TABLE OF CONTENTS PAGE, REFERENCE PAGE, and any APPENDICES. • Please submit in a word document and NOT pdf version. • Please use HEADINGS AND SUBHEADINGS to organize your paper. • Use at least 10 academic, peer-reviewed, library trade publications, scholarly or professional practitioner sources, and minimum 36 in-text CITATIONS are required. • You must cite and reference all texts used, including page numbers as applicable to avoid plagiarism. • Please provide verifiable links/web address for each academic reference used. • Paper should be proofread for spelling and grammar mistakes. • Write your paper in an integrated fashion, weaving theory and application. In other words, do not merely respond to each bullet above as a checklist. • Do not forget to include a reference for the latest annual report
for your company (Rite Aid - 2022 annual report attached)
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Professor’s Additional instructions – Please: - Use third person in writing. - Do not use quotes. - Use APA formatting (7TH Edition) of references and in text citations is required. - the following resources are NOT ACCEPTABLE as citations for this paper: • Wikipedia.com • Ehow.com • Dictionary.com • About.com • Smallbusiness.chron.com • Diffen.com • Yourbusiness.azcentral.com • Tjmarino.com • Investopedia.com • Boundless.com and Lumen • CourseHero.com • Chegg.com • Difference between • Answers.com • Any student essay website ----------------------------------------------------------------------------------------------------------------------------------------- .

Essay Sample Content Preview:

Business Turnaround Management and Organizational Renewal Strategies
Your Name
Department of ABC, University 
ABC 101: Course Name
Professor (or Dr.) Firstname Lastname
Date
Executive Summary
Rite Aid Corporation was making losses before the onset of the pandemic. The Covid-19 pandemic significantly influenced both internal and external environments, further worsening the company's revenue and stock value. Through a turnaround strategy and not organizational renewal, the organization can leverage its reliable inventory turnover and existing market to enhance operations that will allow sustainability and a competitive edge while reducing the reliance on debt. The quick ratio, inventory turnover, debt-to-equity, and Net Profit Margin are vital in establishing RAC's current position coupled with the Altman Z-Score. Outcomes indicate a need to reduce the number of operational stores and employees to allow cash flow which will form a foundation for an increase in revenue.
Table of Contents Business Turnaround Management and Organizational Renewal Strategies. 1 Executive Summary. 2 Introduction. 3 Current Problems. 3 Business Turnaround and Organizational Renewal 4 The Four Principal Types of Ratios. 5 Altman Z-Score of RAC.. 6 Turnaround Strategy. 6 Conclusion. 8 References. 9 Appendix. 11 A - Graph. 11 Appendix B - Tables. 12

Introduction
Rite Aid Corporation (RAC) is an American-based organization that delivers health care services and retail products. Across 17 states, through 2,400 retail pharmacy stores, RAC provides an array of health products & services for the entire family, an estimated 2 million Americans daily. The two core business lines at the company include Retail Pharmacy and Pharmacy Services segments. In recent years, however, the company has faced several challenges threatening its profitability and sustainability. In this regard, RAC requires business turnaround or renewal strategies to remain operationally competitive and sustainable. Therefore, the purpose of the current paper is to show why and how RAC needs a business turnaround rather than renewal.
Current Problems
According to the RAC (2022) report, "widespread health developments, including the global pandemic and the emerging Covid-19 variants, could materially and adversely affect business, financial conditions, and results of operations. This is because the pandemic impacted the workforce, stores, operations, supply chain, and consumer behavior. However, the onset of Covid-19 marks a culmination of other problems facing the organization. For instance, RAC is highly leveraged, which means the substantial indebtedness could limit cash flow. As of February 2022, the company had $2.8 billion in outstanding indebtedness and stockholders' equity of $99 million (RAC, 2022, p. 25). The management notes that the organization's ability to meet cash requirements, including debt service obligations, depends on its ability to maintain operations performance which is impacted by forces beyond the control of personnel. As a result, the leadership cannot assure that the business will generate sufficient cash flow from operations to fund current cash flow needs. Based on current sources of liquidity, managemen...
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