BA 301: Research and Analysis of Business Problems- Homework #1
Dollar Tree
Almost all of us or better said all of us have at least one visited a Dollar Tree store at a point of our lives. I chose this company because of their great strategic planning and business strategy.
Internal Performance:
Strategy:
Their strategies consist on: buying around 60% of the company’s stock from domestically and the remaining 40% are imported goods; this strategy helps maintain jobs in the United States, while being able to get the best prices and continue providing America with affordable merchandise. Another important factor about their strategy is being in contact with manufacturers directly, this factor lets them pick appropriate products and sizes to meets customer needs and their profit expectations.
Mission and Values:
As stated in Dollar Tree website “Dollar Tree, Inc is a customer-oriented, value-driven variety store operating at a one dollar price point. We will operate profitably, empower our associates to share in its opportunities, rewards and successes; and deal with others in an honest and considerate way. The company's mission will be consistent with measured and profitable growth.”
Vision:
The company’s vision is to exceed the customers’ expectations over the so many products they can obtain for $1.00, at the same time offer items that sell more expensive in other competing retailers.
Stakeholders:
It is part of the values and Vision of Dollar Tree to provide to all of their stakeholders the assurance that the business is being run “the right way”; and that the company is following the best practices while conducting all aspects of the business with honesty, integrity, and respect.
Performance Indicators:
Revenue and profit:
Accourding to GaleGroup since year 1991 when the company started their Revenue has been exponentially increasing. The first year the revenue was $190,000,000, while ten yen years later it was $1,987,300,000 and 2013’s revenue was $7,394,500,000.
According to HamptonRoads by August
Almost all of us or better said all of us have at least one visited a Dollar Tree store at a point of our lives. I chose this company because of their great strategic planning and business strategy.
Internal Performance:
Strategy:
Their strategies consist on: buying around 60% of the company’s stock from domestically and the remaining 40% are imported goods; this strategy helps maintain jobs in the United States, while being able to get the best prices and continue providing America with affordable merchandise. Another important factor about their strategy is being in contact with manufacturers directly, this factor lets them pick appropriate products and sizes to meets customer needs and their profit expectations.
Mission and Values:
As stated in Dollar Tree website “Dollar Tree, Inc is a customer-oriented, value-driven variety store operating at a one dollar price point. We will operate profitably, empower our associates to share in its opportunities, rewards and successes; and deal with others in an honest and considerate way. The company's mission will be consistent with measured and profitable growth.”
Vision:
The company’s vision is to exceed the customers’ expectations over the so many products they can obtain for $1.00, at the same time offer items that sell more expensive in other competing retailers.
Stakeholders:
It is part of the values and Vision of Dollar Tree to provide to all of their stakeholders the assurance that the business is being run “the right way”; and that the company is following the best practices while conducting all aspects of the business with honesty, integrity, and respect.
Performance Indicators:
Revenue and profit:
Accourding to GaleGroup since year 1991 when the company started their Revenue has been exponentially increasing. The first year the revenue was $190,000,000, while ten yen years later it was $1,987,300,000 and 2013’s revenue was $7,394,500,000.
According to HamptonRoads by August