CVS Ethical Decisions Pay Off Case Study

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Did CVS Ethical Decisions Pay Off? When looking at CVS, Walgreens and Rite Aid, it is important to decide what can be considered ethical decisions and whether the moves paid off. Taking a look at all of the recent moves each company has made it is evident they are all made with good intentions. Since it is important to decide if CVS’s ethical decisions paid off, it has been determined CVS acted ethically. The reason behind choosing to say CVS acted ethically stems from the actual action itself. When CVS decided to completely rebrand themselves to become a company truly focused on health, making the decision to remove tobacco products is a large contribution to bettering the health of the community in which CVS serves. Tobacco products have …show more content…
Any layoff decision can be made with the best intentions of the company. Sometimes even the most fruitful companies must downsize as well as grow. Removing these people of their jobs is simply removing part of their way of life. Income is vital to anyone, although it can be argued that these employees were managers. To simply remove these people because they want to cut costs could have been done in other ways. For instance, Walgreens could have decided to cut back on the wages of higher level people and readjust the levels of management so all managers could still stay on board. There were ways that Walgreens could have avoided laying off workers and trim down on the number of stores, but sometimes the ethical decisions are ignored. However, although it was not the most ethical decision, Walgreens may still benefit from these changes. As the market showed, the shareholders have shown approval of the retaining of Pessina, and the sales have increased compared to last year’s numbers based on percentages. Time will tell if this will truly benefit …show more content…
As for being ethical to pay off, there does not seem to be enough evidence to prove it has made a large difference. The problem that lies within ethical decision-making is because it does not just help the company, but hurt it. It is evident that CVS has benefited from removing their tobacco products and resembling the company to its standards, but they also took a huge loss in sales. Such sales could have been used to benefit the company elsewhere, in terms of stores, environmental pushes, and more. It is similar to the situation with Walgreens and Rite Aid. Each one of the three companies took a path to better their companies, and these decisions all had an impact. Walgreens may be acting unethically by laying off employees and cutting out stores, but in the long-run those cut costs will turn into improvements elsewhere. Those improvements could make the difference down the line and have Walgreens taking over CVS in ranking. The same goes for Rite Aid and their efforts. It’s a gray area decision, but when they can tell consumers the purpose is to cut costs of buying medication, its not about the ethical issues, its about the dollar signs to these

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