1. Yes, Boots states its purpose in annual report as follows: to become the world’s leading pharmacy-led health and beauty group. We seek to develop our core businesses of pharmacy-led health and beauty retailing and pharmaceutical wholesaling across the world and become a significant player in many major international markets; to deliver products and services that help people look and feel their best.
2. We agree with these purposes.
Firstly, Boots provide clear strategies to achieve the purposes. For instance, growing our core business in existing markets; continuing to deliver productivity improvement and other cost savings; pursuing growth opportunities in selective new high growth markets; launching our product brands in new markets. These strategies seek to enable employees to use their expertise to identify risks that could undermine performance and to devise ways of bringing them to within acceptable levels.
Secondly, this purpose prompts to maximize the profit of the company, fulfilling stakeholders’ expectations. Compared with 2010, the revenue of 2011 increased by 15.1%, reaching £23.3 billion. Furthermore, the trading profit also enjoyed a great growth of 14.2% (£1.164 million). As can be seen from the statistics, the purposes are effective and efficient.
3. Alliance Boots operates in highly attractive markets with potential for significant long-term growth.