Fool Chapter 7 Free Essays

string(68) " chill when she goes, don’t she\?† said formerly Fiona\." SEVEN A BROTHER TRAITOR Am I to be forever alone? The anchoress told me it might be so, trying to comfort me when I felt pushed aside by the sisters of Dog Snogging. â€Å"You’re gifted with wit, Pocket, but to cast jibe and jest you must stand separate from the target of your barbs. I fear you may become a lonely man, even in the company of others. We will write a custom essay sample on Fool Chapter 7 or any similar topic only for you Order Now † Perhaps she was right. Perhaps it is why I am such an accomplished horn-beast and eloquent crafter of cuckoldry. I seek only succor and solace beneath the skirts of the soft and understanding. And so, sleepless, did I make my way to the great hall to find some comfort among the castle wenches who slept there. The fire still blazed, logs the size of oxen set in before bed. My sweet Squeak, who had oft opened her heart and whatnot to a wayfaring fool, had fallen asleep in the arms of her husband, who spooned her mercilessly as he snored. Shanker Mary was not to be seen, no doubt servicing the bastard Edmund somewhere, and my other standard lovelies had fallen into slumber in proximity too close to husbands or fathers to admit a lonely fool. Ah, but the new girl, just in the kitchen a fortnight, called Tess or Kate or possibly Fiona. Her hair was jet and shone like oiled iron; milky skin, cheeks brushed by a rose – she smiled at my japes and had given Drool an apple without his asking. I am relatively sure that I adored her. I tiptoed across the rushes that lined the floor (I had left Jones in my chamber, his hat bells no help in securing stealthy romance), lay down beside her, and introduced my personage to the nether of her blanket. An affectionate nudge at the hip woke her. â€Å"Hello,† said she. â€Å"Hello,† said I. â€Å"Not a papist, are you, love?† â€Å"Christ, no, Druid born and raised.† â€Å"Thank God.† â€Å"What are you doing under my blanket?† â€Å"Warming up. I’m terribly cold.† â€Å"No you’re not.† â€Å"Brrrr. Freezing.† â€Å"It’s hot in here.† â€Å"All right, then. I’m just being friendly.† â€Å"Would you stop prodding me with that?† â€Å"Sorry, it does that when it’s lonely. Perhaps if you petted it.† Then, praised be the merciful goddess of the wood, she petted it, tentatively, almost reverentially at first, as if she sensed how much joy it could bring to all who came in contact with it. An adaptable lass, not given to fits of hysteria or modesty – and soon a gentle surety in her grip that betrayed some experience in the handling of manly bits – simply lovely she was. â€Å"I thought it would have a little hat, with bells.† â€Å"Ah, yes. Well, given a private place to change, I’m sure that can be arranged. Under your skirt, perhaps. Roll to the side, love, we’ll be less obvious if we keep the cuddle on a lateral plane.† I popped her bosoms out of her frock, then, freed the roly-poly pink-nosed puppies to the firelight and the friendly ministries of this master juggler, and thought to burble my cheeks softly between them, when the ghost appeared. The spirit was more substantial now, features describing what must have been a most comely creature before she was shuffled off to the undiscovered country, no doubt by a close relative weary of her irritating nature. She floated above the sleeping form of the cook Bubble, rising and falling on the draft of her snores. â€Å"Sorry to haunt you while you’re rogering the help,† said the ghost. â€Å"The rogering has not commenced, wisp, I have barely bridled the horse for a moist and bawdy ride. Now, go away.† â€Å"Right, then. Sorry to have interrupted your attempted rogering.† â€Å"Are you calling me a horse?† asked Possibly Fiona. â€Å"Not at all, love, you pet the little jester and I’ll attend to the haunting.† â€Å"There’s always a bloody ghost about, ain’t there?† commented Possibly, a squeeze on my knob for emphasis. â€Å"When you live in a keep where blood runs blue and murder is the favored sport, yes,† said the ghost. â€Å"Oh do fuck off,† said I. â€Å"Thou visible stench, thou steaming aggravation, thou vaporous nag! I’m wretched, sad, and lonely, and trying to raise a modicum of comfort and forgetting here in the arms of, uh – â€Å" â€Å"Kate,† said Possibly Fiona. â€Å"Really?† She nodded. â€Å"Not Fiona?† â€Å"Kate since the day me da tied me belly cord to a tree.† â€Å"Well, bugger. Sorry. Pocket here, called the Black Fool, charmed I’m sure. Shall I kiss your hand?† â€Å"Double-jointed, then, are ye?† said Kate, a tickle to my tackle making her point. â€Å"Bloody hell, would you two shut up?† said the ghost. â€Å"I’m haunting over here.† â€Å"Go on,† said we. The ghost boosted her bosom and cleared her throat, expecto-rating a tiny ghost frog that evaporated in the firelight with a hiss, then said: â€Å"When a second sibling’s base derision, Proffers lies that cloud the vision, And severs ties that families bind, Shall a madman rise to lead the blind.† â€Å"What?† said the former Fiona. â€Å"What?† said I. â€Å"Prophecy of doom, innit?† said the ghost. â€Å"Spot o’ the old riddly foreshadowing from beyond, don’t you know?† â€Å"Can’t kill her again, can we?† asked faux Fiona. â€Å"Gentle spook,† said I. â€Å"If it is a warning you bring, state it true. If action you require, ask outright. If music you must make, play on. But by the wine-stained balls of Bacchus, speak your bloody business, quick and clear, then be gone, before time’s iron tongue licks away my mercy bonk with second thoughts.† â€Å"You are the haunted one, fool. It’s your business I do. What do you want?† â€Å"I want you to go away, I want Fiona to come along quietly, and I want Cordelia, Drool, and Taster back – now, can you tell me how to make those things come about? Can you, you yammering flurry of fumes?† â€Å"It can be done,† said the ghost. â€Å"Your answer lies with the witches of Great Birnam Wood.† â€Å"Or you could just fucking tell me,† said I. â€Å"Nooooo,† sang the ghost, all ghosty and ethereal, and with that she faded away. â€Å"Leaves a chill when she goes, don’t she?† said formerly Fiona. You read "Fool Chapter 7" in category "Essay examples" â€Å"Appears to have softened your resolve, if you don’t mind my sayin’.† â€Å"The ghost saved my life last evening,† said I, trying to will life back into the wan and withered. â€Å"Kilt the little one, though, didn’t she? Back to your bed, fool, the king’s leaving on the morrow and there’s a wicked lot of work to do in the morning to prepare for his trip.† Sadly, I tucked away my tackle and sulked back to the portislodge to pack my kit for my final journey from the White Tower. Well, I won’t miss the bloody trumpets at dawn, I can tell you that. And sod the bloody drawbridge chains rattling in my apartment before the cock crows. We might have been going to war for all the racket and goings-on at first light. Through the arrow loop I could see Cordelia riding out with France and Burgundy, standing in the stirrups like a man, like she was off to the hunt, rather than leaving her ancestral home forever. To her credit, she did not look back, and I did not wave to her, even after she crossed the river and rode out of sight. Drool was not so fickle, and as he was led out of the castle by a rope round his neck, he kept stopping and looking back, until the man at arms to whom he was tethered would yank him back into step. I could not bear to let him see me, so I did not go out onto the wall. Instead I slunk back to my pallet and lay there, my forehead pressed to the cold stone wall, listening as the rest of the royals and their retinues clomped across the drawbridge below. Sod Lear, sod the royals, sod the bloody White Tower. All I loved was gone or soon to be left behind, and all that I owned was packed in a knapsack and hung on my hook, Jones sticking out the top, mocking me with his puppety grin. Then, a knock at my door. Like dragging myself from the grave, was making my way to open it. There she stood, fresh and lovely, holding a basket. â€Å"Fiona!† â€Å"Kate,† said Fiona. â€Å"Aye, your stubbornness suits you, even in daylight.† â€Å"Bubble sends her sympathies over Taster and Drool, and sends you these sweet cakes and milk for your comfort, but says to be sure and remind you to not leave the castle without saying your farewells, and further that you are a cur, a rascal, and a scurvy patch.† â€Å"Ah, sweet Bubble, when kindness shagged an ogre, thus was she sired.† â€Å"And I’m here to offer comfort myself, finishing what was started in the great hall last night. Squeak says to ask you about a small chap in a canoe.† â€Å"My my, Fi, bit of a tart, aren’t we?† â€Å"Druish, love. My people burn a virgin every autumn – one can’t be too careful.† â€Å"Well, all right, but I’m forlorn and I shan’t enjoy it.† â€Å"In that we shall suffer together. Onward! Off with your kit, fool!† What is it about me that brings out the tyrant in women, I wonder? â€Å"The next morning† stretched into a week of preparation for departure from the White Tower. When Lear pronounced that he would be accompanied by one hundred knights it was not as if one hundred men could mount up and ride out of the gates at sunrise. Each knight – the unlanded second or third son of a noble – would have at least one squire, a page, usually a man to tend his horses, and sometimes a man at arms. Each had at least one warhorse, a massive armored beast, and two, sometimes three animals to carry his armor, weapons, and supplies. And Albany was three weeks’ journey to the north, near Aberdeen; with the slow pace set by the old king and so many on foot we’d need a crashing assload of supplies. By the end of the week our column numbered over five hundred men and boys, and nearly as many horses. We would have needed a wagon full of coin to pay everyone if Lear had not conscripted Albany and Cornwall to maintain his knights. I watched Lear pass under the portislodge at the head of the column before going downstairs and climbing on my own mount, a short, swayback mare named Rose. â€Å"Mud shall not sully my Black Fool’s motley, lest it dull his wit as well,† said Lear, the day he presented the horse. I did not own the horse, of course. She belonged to the king – or now his daughters, I suppose. I fell in at the end of the column behind Hunter, who was accompanied by a long train of hounds and a wagon with a cage built on it, which held eight of the royal falcons. â€Å"We’ll be raiding farms before we get to Leeds,† said Hunter, a stout, leather-clad man, thirty winters on his back. â€Å"I can’t feed this lot – and they’ve not enough stowed to last them a week.† â€Å"Cry calamity if you will, Hunter, but I’m the one to keep them in good spirits when their bellies are empty.† â€Å"Aye, I’ve no envy for you, fool. Is that why you ride back here with we catch-farts and not at the king’s side?† â€Å"Just drawing plans for a bawdy song at supper without the clank of armor in my ear, good Hunter.† I wanted to tell Hunter that I was not overburdened by my duties, but by my disdain for the senile king who had sent my princess away. And I wanted time to ponder the ghost’s warnings. The bit about daughters three and the king becoming a fool had come to pass, or at least was in the way of it. So the girl ghost had predicted the â€Å"grave offense† to â€Å"daughter’s three† even if all the daughters had not seen the offense yet – when Lear arrived at Albany with this rowdy retinue, offense would soon follow. But what of this: â€Å"When a second sibling’s base derision, proffers lies that cloud the vision†? Did it mean the second daughter? Regan? What did it matter if her lies clouded Lear’s vision? The king was nearly blind as it was, his eyes milky with cataract – I’d taken to describing my pantomimes as I performed them so the old man would not miss the joke. And with no power, what tie could be severed that would make a difference now? A war between the two dukes? None of it about me, why do I care? Why then would the ghost appear to this most irrelevant and powerless fool? I puzzled it, and fell far behind the column, and when I stopped to have a wee, was accosted by a brigand. He came up from behind a fallen tree, a great bear of a fiend, his beard matted and befouled with food and burrs, a maelstrom of grey hair flying about under a wide-brimmed black hat. I may have screamed in surprise, and a less educated ear might have likened my shriek to that of a little girl, but be assured it was most manly and more for the fair warning of my attacker, for next I knew I had pulled a dagger from the small of my back and sent it flying. His miserable life was saved only by my slight miscalculation of his distance – the butt of my blade bounced off his behatted noggin with a thud. â€Å"Ouch! Fuck’s sake, fool. What is wrong with you?† â€Å"Hold fast, knave,† said I. â€Å"I’ve two more blades at the ready, and these I’ll send pointy end first – the quality of my mercy having been strained and my ire aroused by having peed somewhat upon my shoes.† I believed it a serviceable threat. â€Å"Hold your blades, Pocket. I mean you no harm,† came the voice under the hat brim. Then, â€Å"Y Ddraig Goch ddyry gychwyn.†[22] I wound up to send my second dagger to the scoundrel’s heart, â€Å"You may know my name, but that gargling with catsick that you’re doing will not stop me from dropping you where you stand.† â€Å"Ydych chi’n cymryd cerdynnau credid?†[23] said the highwayman, no doubt trying to frighten me further, his consonants chained like anal beads strung out of hell’s own bunghole. â€Å"I may be small, but I’m not a child to be afraid of a pretended demon speaking in tongues. I’m a lapsed Christian and a pagan of convenience. The worst I can do on my conscience is cut your throat and ask the forest to count it as a sacrifice come the Yule, so cease your nonsense and tell me how you know my name.† â€Å"It’s not nonsense, it’s Welsh,† said the brigand. He folded back the brim of his hat and winked. â€Å"What say you save your wicked sting for an enemy true? It’s me, Kent. In disguise.† Indeed, it was, the king’s old banished friend – all of his royal trappings but his sword gone – he looked like he’d slept in the woods the week since I’d last seen him. â€Å"Kent, what are you doing here? You’re as good as dead if the king sees you. I thought you’d be in France by now.† â€Å"I’ve no place to go – my lands and title are forfeit, what family I have would risk their own lives to take me in. I have served Lear these forty years, I am loyal, and I know nothing else. My thought is to affect accents and hide my face until he has a change of heart.† â€Å"Is loyalty a virtue when paid to virtue’s stranger? I think not. Lear has misused you. You are mad, or stupid, or you lust for the grave, but there is no place for you, good greybeard, in the company of the king.† â€Å"And there is for you? Or did I not see you restrained and dragged from the hall for that same offense: truth told boldly? Don’t preach virtue to me, fool. One voice can, without fear, call the king on his folly, and here he stands, piss-shoed, two leagues back from the train.† Fuckstockings, truth is a surly shrew sometimes! He was right, of course, loudmouthed old bull. â€Å"Have you eaten?† â€Å"Not for three days.† I went to my horse and dug into my satchel for some hard cheese and an apple I had left from Bubble’s farewell gift. I gave them to Kent. â€Å"Come not too soon,† said I. â€Å"Lear still fumes about Cordelia’s honest offense and your supposed treason. Follow behind to Albany’s castle. I’ll have Hunter leave a rabbit or a duck beside the road for you every day. Do you have flint and steel?† â€Å"Aye, and tinder.† I found the stub of a candle in the bottom of my bag and handed it to the old knight. â€Å"Burn this and catch the soot upon your sword, then rub the black into your beard. Cut your hair short and blacken it, too. Lear can’t see clearly more than a few feet away, so keep your distance. And carry on with that ghastly Welsh accent.† â€Å"Perhaps I’ll fool the old man, but what of the others?† â€Å"No righteous man thinks you a traitor, Kent, but I don’t know all of these knights, nor which might reveal you to the king. Just stay out of sight and by the time we reach Albany’s castle I’ll have flushed out any knave who might betray your cause.† â€Å"You’re a good lad, Pocket. If I’ve shown you disrespect in the past, I’m sorry.† â€Å"Don’t grovel, Kent, it doesn’t wear well on the aged. A swift sword and a strong shield are allies I can well use with scoundrels and traitors weaving intrigue about like the venomous spider-whore of Killarney.† â€Å"Spider-whore of Killarney? I’ve never heard of her?† â€Å"Aye, well, sit on that downed tree and eat your lunch. I’ll spin the tale for you like it was web from her own bloody bum.† â€Å"You’ll fall behind the column.† â€Å"Sod the column, that tottering old tosspot so slows them they’ll be leaving a snail trail soon. Sit and listen, greybeard. By the way have you ever heard of Great Birnam Wood?† â€Å"Aye, it’s not two miles from Albany.† â€Å"Really? How do you feel about witches?† How to cite Fool Chapter 7, Essay examples

Woman in Black Monologue free essay sample

Walks down stage, addresses audience. Skips: Suddenly conscious of the cold and the extreme bleakness and eeriness of the spot and of the gathering dusk of the November afternoon, and not wanting my spirits to become so depressed that I might begin to be affected by all sorts of morbid fancies, I was about to leave, and walk briskly back to the house, where I intended to switch on a good many lights and even light a small fire If It were possible, before beginning my preliminary work on Mrs. Drawls papers.Glances at Burial Ground and sees the woman again. Comes forward to addresses Audience again Skips: It wasnt so much flesh, more bone and she had no expression on her ravaged, colorless face. But then as I stared to the point where my eyeballs became stuck, I saw the expression, one of dread, but one of hopelessness and inadequate, desperate for something which had been taken from her, yes, she was missing something! Womans face shows In more detail. We will write a custom essay sample on Woman in Black Monologue or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Woman comes Down Stage so audience can see her more. Kelps addresses audience again.Kelps: I was scared, frightened, partly because of the passionate emotion and incineration which streamed from her. That frightened me, she seemed to direct all her evilness towards me, why, what had I done? But at this particular moment In time I could far from base my reactions upon reasons and logic. For I did not know If her hatred was projected towards me. Glances over shoulder. Kelps: The one thing I did know was that due to the combination of the peculiar, Isolated place and the sudden appearance of the woman and her dreadfulness of her expression began to fill me with fear. Woman in Black Monologue By surreptitious Script Writing Page intended to switch on a good many lights and even light a small fire if it were Womans face shows in more detail. Skips addresses audience again. Skips: I was scared, frightened, partly because of the passionate emotion and her evilness towards me, why, what had I done? But at this particular moment in time I could far from base my reactions upon reasons and logic.

Walgreens Strategic Analysis Essay Example

Walgreens Strategic Analysis Paper Veronica Washington 0180175 Walgreens Pharmacy (WAG) An Industry Leader at the Inflection Point The following report is an in-depth discussion of Walgreens Pharmacy with an analysis and assessment of the company’s strategic initiatives. Each strategy yields a direct purpose of diminishing the influence of a specific force from Porter’s 5-force Model as the supporting data culminates an outlook on the company’s future. COMPANY OVERVIEW Charles Walgreen of Chicago, Illinois, pioneered the first Walgreens in 1901, with corporate headquarters now located in Deerfield, Illinois. In the company’s 100-year reign as the prescription industry leader, Walgreens changed from war bonds, soda fountains, and restaurants to 24-hour store access, nationwide locations, easy-to-use online stores, and health care clinics. 6,400 stores now operate in all 50 states including Puerto Rico, with 30% open 24 hours. By 2010, Walgreen’s aspires to operate 7,000 stores nationwide and pave the way for the organic growth of 13,000 sites. As of December 2007, Walgreens employs 226,000 associates, hiring 25,000 in 2007 (WAG Annual Reports, 2007). According to the company’s 2007 annual reports, â€Å"Walgreens has been listed on: Fortune magazine’s Most Admired Companies in America list†¦ranked 44th on the Fortune 500 list of largest U. S-based companies†¦[and] ranked the leading online drugstore. † (WAG Annual Reports, 2007) In the past 2 years especially, Walgreens embarked on several ventures that will enable them to have first-mover advantage in the healthcare industry. CURRENT FINANCIAL INFORMATION In 2007, Walgreens increased net sales by 13. 4% to $53. 7 billion and increased net income by 16. 6% to $2. 4 billion. Long-term investments, which have consistently increased by roughly $100 million dollars each year since 2004, reflect company profits (WAG Annual Reports, 2007). In the 2007 operating cash flow analysis, Walgreens yielded a yearly total over $23 million in deferred taxes that arose for tax relief in advance of tangible asset depreciated accounting expenses. While net cash flows in the operating sector dropped by $80 million in a single year production, sales, and delivery continue to expand. In the 2007 investment cash flow analysis, the company directed $6. billion toward short-term investments (auction rate securities) available for sale amounting to an accumulated $6. 8 billion (WAG Annual Reports, 2007). With a staggering $1. 8 billion spent on new additions in 2007, this perceived overextension by shareholders of the company’s business and intangible asset acquisition of $1. 1 billion doubles the amount of cash used in the invested activities of 2006 (WAG Annual Reports, 2007). Employee termination and salary cuts yielded a 50% drop in proceeds received from company life-insurance policies. The $5. million proceeds of 2007 pale in comparison to the $10. 7 million received only a year before. Walgreens spent $2. 4 billion in investing activities during 2007, more than that of 2005 and 2006 combined (WAG Annual Reports, 2007). In the 2007 financi al cash flow analysis, net proceeds were $850 million. With a $141 million debt payment, $1 billion in stock repurchases, $310 million cash dividends to shareholders, and a $214 million bank overdraft sum, Walgreen’s 2007 net cash used for financing activities rose to $626 million from 2006’s $413 million (WAG Annual Report, 2007). We will write a custom essay sample on Walgreens Strategic Analysis specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Walgreens Strategic Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Walgreens Strategic Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In summation, the initial cash and cash equivalents of 2007 declined from $920 million in January to $255 million by the end of December resulting from the company’s overextension, and may result of losing their position as the industry leader in the near future (WAG Annual Reports, 2007) POWER OF BUYERS According to Porter, a buyer who has power â€Å"can always find an equivalent product, [then] play vendor against [one] another† (Porter, 2008). Consumers reap the benefits of an industry that pays for repeat business. In 2007, Walgreen’s pharmacists took 157,000 prescription transfer calls from neighboring competitors. (WAG Annual Reports, 2007) Mark Wagner, VP of Operations, announced that after reviewing the 2007 compiled transfer logs of the company, â€Å"72% of all prescription transfers [in 2007] are competitor coupon-related issues † (WAG Annual Report, 2007) Walgreens remained static in their decision to offer any type of compensation to new customers or transferred prescriptions until October 2008. Walgreens customers receive an average of four prescriptions on monthly basis from the pharmacy (WAG Annual Reports, 2007). With 65% of the sales revenue of the company coming from the pharmacy, Walgreens declines to bargain with out-of-pocket customers over price. Regardless of a climbing prescription drug-price trend, demand remains elastic because customers demand choices of similar, less expensive medications if authorized by their doctor. The amount of reimbursement Walgreens receives from Medicare, Medicaid, and Worker’s Compensation falls drastically, as incremental revenues from those sources decreases (Stewart, 2006). According to Lueck, â€Å"Medicare and Medicaid comprise 25 percent of the federal budget, and the government cannot afford to spend at the current rate† (Lueck, 2008). In order to maintain relationships with customers, retail pharmacies resorted to buying sections of Medicare Part D insurance companies: AARP Walgreens vs. CVS Caremark (Caremark Rx Inc. , 2007). RIVALRY AMONG EXISTING COMPETITORS From Porter’s point of view, â€Å"the degree to which rivalry drives down an industry’s profit potential depends, first on the intensity with which companies compete and, second, on the basis on which they compete† (Porter, 2008). Other than retail pharmacies, hospital pharmacies, mail-order pharmacies, internet pharmacies, international pharmacies, vitamin stores, and homeopathic treatment providers attempt to maintain market share in the healthcare industry (Lueck, 2008). Walgreens largest competitor, CVS Pharmacy, fell short of Walgreen’s sales revenues by $7 billion in 2007 (WAG Annual Report, 2007). Contrary to Porter’s model of rivalry, the healthcare industry is experiencing massive growth. Growth is not a force, but only a factor; and as Porter mentions, â€Å"high growth rate will not guarantee profitability if customers are powerful†¦Ã¢â‚¬  as stated in the last section (Porter, 2008). Tom Charland, CEO of Merchant Medicine, in his prophetic wisdom forecasted an â€Å"increased scarcity of physicians and midlevel practitioners in many markets and the increased use of pharmacists. † (Berman, 2007) This justifies the idea that most baby-boomers will spend several hours a week in doctor’s offices receiving treatment for maladies that require prescriptions. Because of meager prescription profits, customers gain little when switching from one pharmacy to another. As Jeff Rein, VP of Walgreens, understands, â€Å"95% percent of our patients pay only the co-pay required by their insurance plans. † (WAG Annual Report, 2007) This removes Wal-Mart’s $4 prescription plan from the picture. POWER OF SUPPLIERS In Porter’s words, suppliers with power â€Å"can squeeze profitability out of an industry that is unable to pass on cost increases in its own prices. (Porter, 2008) To make up for excessive inventory costs for new medication Walgreen’s must decrease labor hours and work more efficiently. For corporate executives in retail pharmacies like Mark Wagner of Walgreens, â€Å"the end solution is to cut costs†¦and the biggest cost in stores is payroll. † (Merrick, 2008) With manufacturers keeping new FDA-approved substitute (generic) medications at bay by creating expensive time-released versions of the ori ginal, retailers spend more money than ever before on shelf space (Merrick, 2008). The following demonstrates a sample of what Porter means by suppliers having power when they â€Å"offer products that are differentiated† (Porter, 2008). In March 2008, analysts at Citigroup Inc. announced, â€Å"AstraZeneca will have more time to market the product†¦Seroquel XR, a once-daily version of the [original] drug†¦ slowly [converting] patients to the patent-protected drug before a generic version of Seroquel becomes available† (Merrick, 2008). Generic companies defending their rights to enter the market state brand name manufacturers received patents through inequitable conduct (Merrick, 2008). While CEO of Astra Zeneca, David Brennan remains â€Å"pleased with the courts decision to uphold [our] valid intellectual property, healthcare companies like Walgreens suffer exorbitant inventory costs at lower vendor allowances for keeping both brand and newly arriving formulations (Merrick, 2008). STRATEGIC ANALYSIS The significance of this report’s title, â€Å"An Industry Leader at the Inflection Point†, speculates that Walgreens cannot remain myopically moving forward now that competitors are strategically placing modes of â€Å"creative destruction† in the healthcare industry. For example, Walgreens is following suit to retake power from buyers, a force seen in previous paragraphs, with a revolutionary prescription problem-processing center, POWER. These 24-hour call centers will automatically fix any third-party insurance rejection errors at all 6400 store locations, leaving pharmacists and pharmacy technicians more time to devote to prescription accuracy, efficiency, and patient consultation. Alan McNally, Walgreen’s new CEO as of October 22, 2008, justifies the use of POWER so â€Å"the company’s founding base of competitive advantage will bring vital market share, stockholder optimism, and customer sentiments of timeliness and prescription safety back to Walgreens† (WAG Annual Reports, 2008). Despite Walgreens’ ability to gain back market share by utilizing POWER, this evolution of problem-solving workflow is the company’s first major step in â€Å"creative destruction. Since an estimated â€Å"25-30% of work in the pharmacy originates from processing and troubleshooting third-party claims†, Walgreens shows no sign of maintaining current hourly needs for technicians when POWER operations begin (Merrick, 2008). The excess reserves saved from this venture will allocate finances for greater stockholder dividends and ensure the company’s progressive movement into staying one-step ahead of the competition (Merrick, 2008). Acc ording to the 2008 annual reports released in November, the salary expenditures saved from cutting technician hours will help support funding for the accumulated $1. billion dollar long-term debt in 2008 (WAG Annual Reports, 2008). Formerly discussed in the section, â€Å"Power of Suppiers†, Walgreens showed vulnerability to brand-name manufacturer’s new formulations marketed to physicians as more effective and safer than their FDA-approved generics. The county’s nation-wide recession that tumbled into a worldwide pandemic has been reason enough for many consumers to forgo reinstating their prescription insurance plans in 2009 and instead shop around for bargain generics (Lueck, 2008). Porter describes the country’s turmoil perfectly by announcing America is in the â€Å"Age of Anxiety,† as he reminds readers that in the US â€Å"restructuring destroys about 30 million jobs per year† (Porter, 2008), To combat consumer demand for lower cost prescriptions, Walgreens has aggressively marketed the Walgreens Drug Program in 2008. This discount program offers consumers the option of choosing from a list of 400 price-approved and quantity-approved generic medications at a 90-day supply for $12 (WAG Annual Reports, 2008). To attract customers to less expensive and more readily available generic medications, Walgreens built the discount rogram to show how much each customer can save while receiving a therapy that is exactly or similar to what their doctor prescribed. The only cost associated with this plan is a one-time $20 fee for using the service pennies compared to the hundreds of dollars each month otherwise spent on prescription healthcare covera ge. The idea of Walgreens creating healthcare clinics where customers can go and receive treatment for common symptoms arose from competitor initiatives to capture a segment of the market not dominated by Walgreens. The purpose of this tactical approach was to lessen the force of rivalry in the industry. As of November 2008, Walgreens â€Å"operate[s] more than 600 health and wellness clinics in our stores and on employer worksites [with] plans to expand to 800 sites by the end of fiscal 2009 (WAG Annual Reports, 2008). While data on this new mode of investment has not been conclusive or forecasted in expected yearly revenue, Walgreens intends on honing company expansion in this market to counter aggressively competitor initiatives. STRATEGIC ASSESSMENT The watershed of massive change for Walgreens culminated amidst what economists are calling a worldwide recession. Like all prosperous profit seeking companies, Walgreens managed to find ways to cut hours while increase efficiency that paved the way for higher shareholder dividends in 2008. CEO Alan McNally describes Walgreens’ strategy as â€Å"a successful triumph in a frantic market† leading on with a direct correlation of the yearly highlights to â€Å"an increase of $. 11 in common share dividends for 2008† (WAG Annual Reports, 2008). Despite the company’s massive growth of long-term debt, the strategic positioning of POWER centers in high volume areas and payroll cuts began the combat against the emerging inflection point issues discussed. More than 1 million people enrolled in Walgreens discount card program in 2008. The company anticipates numbers to increase significantly at the beginning of Medicare reinstatement in January 2009 as members become more proactive in finding lower prescription costs. Constructed on gaining the business of customers upset with their current prescription coverage, the iscount care program cultivated an increase of gross market share to 17. 6% of the retail prescription market in 2008. According to the new annual reports, in August 2008 Walgreens priced a $1. 3 billion five-year bond offering to be â€Å"used in the repayment of short-term debt under its commercial paper program and general corporate purposes† (WAG Annual Reports, 2008). The bond’s primary purp ose of financing the expansion of Walgreens’ Take Care Clinics around the country will reinforce goals of insatiable growth in the United States. As the beginning stages of these clinics develop, Walgreens will have a better idea of the market’s reaction. SUMMARY OF STRATEGY These market-enhancing strategies formulated by observing frustrated consumers over the years yield a successful and progressive outlook for Walgreens. While Walgreens’ presence in communities nationwide will continue to expand, the systems and processes which customers receive service will undoubtedly change. As services become increasingly automated and salaries are cut to supply overhead costs of the latest technologies and capital investments, Walgreens’ initiatives to solidify their position as the market leader will continue to be a tantalizing puzzle for the company’s corporate executives. REFERENCES Berman, D. (2007,  January  17). CVS Raises Caremark Bid, Pressuring Express Scripts. Wall Street Journal   (Eastern Edition),   p. A. 4. Retrieved November 9, 2008, from Wall Street Journal  database. (Document ID:  1195592291). Caremark Rx Inc. : Advisory Firm Urges Holders To Accept Offer From CVS. (2007,  March  14). Wall Street Journal   (Eastern Edition),   p. A. 12. Retrieved October 25, 2008, from Wall Street Journal  database. (Document ID:  1232229641). Lueck, S. (2007,  September  19). Politics Economics: Democrats to Revisit Medicare Provisions. Wall Street Journal (Eastern Edition), p. A. 12. Retrieved October 23, 2008, from Wall Street Journal  database. (Document ID:  1337919191). Merrick, A. (2008,  March  19). How Walgreen Changed Its Prescription for Growth. Wall Street Journal   (Eastern Edition),   p. B. 1. Retrieved October 20, 2008, from Wall Street Journal  database. (Document ID:  1448083011). Merrick, A. (2008,  October  9). Walgreen Abandons Bid for Longs; Drug Chain Cites Weak Economy, Withdraws $2. 7 Billion Offer. Wall Street Journal   (Eastern Edition),   p. B. 1. Retrieved November 9, 2008, from Wall Street Journal  database. (Document ID:  1570234871). Stewart, J. (2006,  November  8). Common Sense: Letdown Over Deal By CVS, Caremark Offers Opportunity. Wall Street Journal   (Eastern Edition),   p. D. 2. Retrieved November 9, 2008, from Wall Street Journal  database. (Document ID:  1158307411). Porter, Michael E. (2008. Jan) â€Å"The Five Competitive Forces that Shape Strategy. † Harvard Business Review. Porter, Michael E. (2008. Nov) â€Å"Why America Needs an Economic Strategy† Business Week Walgreens Annual Reports, The (2007, Dec 31). Questions and Answers for Shareholders. Retrieved October 10, from Walgreens Co. Website: http://files. shareholder. com/downloads/WAG/460812286x0x147120/C3FF93FD-4E51-4F5A-94FD-C0D058A9A911/Walgreen_AR_07. pdf Walgreens Annual Reports, The (2007, Dec 31). Management’s Discussion and Analysis of Results of Operations and Financial Condition. Retrieved October 10, from Walgreens Co. Website: http://files. shareholder. com/downloads/WAG/460812286x0x147120/C3FF93FD-4E51-4F5A-94FD-C0D058A9A911/Walgreen_AR_07. pdf

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