Strategic Anaiysis
Abstract
Henry Schein is the world’s leading health care products and services provider, to office-based dental, medical and animal health practitioners. It is ranked # 296 according to A FORTUNE 500® Company and listed in the NASDAQ 100® Index. As a distributor of equipments to a physician, dentist, and veterinary practices had revenue approximately $9 billion and almost 16,000 people are employed. Customer base of Henry Schein is more than 775,000, which are being served directly or indirectly by Team Schein Members. Henry Schein continuously for 12 consecutive years has been selected as a FORTUNE World’s Most Admired Companies, ranked as number 10 in the Barron’s 500, and was chosen to Ethisphere’s list of World’s Most Ethical Companies in 2012 and 2013.
The company had achieved inspiring growth under the impressive leadership of Stanley Bergman and his executive team, several members of the team had been with Schein for decades. Besides impressive growth, small family-owned businesses are the backbone of the company’s growth the company heavily depends on small family-owned businesses, both inside the U.S., and out of the country. Bergman and his team spent a lot of their time on developing and sustained culture's stand on care and esteem and considered it, as a key competitive advantage for the success of the company. The principles behind Schein's culture and current challenges of sustaining the culture as the company continues to expand internationally are examined in a given case, also its object to be the first national distributor of dental supplies in China. Simultaneously, Schein was developing strategic alliances with its suppliers and distribution network to evolve from being primarily a logistics company to manufacture components with a value-added service to transform their business practice from a company with a prime focus on value-added services and the sale of explicit products that the company may require to manufacture directly. As
Henry Schein is the world’s leading health care products and services provider, to office-based dental, medical and animal health practitioners. It is ranked # 296 according to A FORTUNE 500® Company and listed in the NASDAQ 100® Index. As a distributor of equipments to a physician, dentist, and veterinary practices had revenue approximately $9 billion and almost 16,000 people are employed. Customer base of Henry Schein is more than 775,000, which are being served directly or indirectly by Team Schein Members. Henry Schein continuously for 12 consecutive years has been selected as a FORTUNE World’s Most Admired Companies, ranked as number 10 in the Barron’s 500, and was chosen to Ethisphere’s list of World’s Most Ethical Companies in 2012 and 2013.
The company had achieved inspiring growth under the impressive leadership of Stanley Bergman and his executive team, several members of the team had been with Schein for decades. Besides impressive growth, small family-owned businesses are the backbone of the company’s growth the company heavily depends on small family-owned businesses, both inside the U.S., and out of the country. Bergman and his team spent a lot of their time on developing and sustained culture's stand on care and esteem and considered it, as a key competitive advantage for the success of the company. The principles behind Schein's culture and current challenges of sustaining the culture as the company continues to expand internationally are examined in a given case, also its object to be the first national distributor of dental supplies in China. Simultaneously, Schein was developing strategic alliances with its suppliers and distribution network to evolve from being primarily a logistics company to manufacture components with a value-added service to transform their business practice from a company with a prime focus on value-added services and the sale of explicit products that the company may require to manufacture directly. As