Family Dollar's living Its Mission and Vision Statement2
2.Strategic Goals in Link with Mission and Vision2
3.Detailed Financial Analysis of Family Dollar3
Table 1: Financial Ratios3
Liquidity of Family Dollar4
Profitability of Family Dollar4
4.Competitive and Marketing Analysis5
Table 2: CPM5
Strengths7
Opportunities7
5.Suggested Strategy9
Rationale behind Suggestion9
Expected Outcome of Suggested Strategies10
6.Viable Scenarios for Implementing Merger or Acquisition Strategy10
Suggestions With respect to M&A10
7.Appropriate Rewards for Motivating Employees While Implementing Strategy11
8.Strategies at Family Dollar Affecting Ethical Business Behaviors13
Conclusion14
References15
Capstone Project
Introduction
This project is going to do detailed analysis of the various aspects related to the operations at “Family Dollar” which is a leading brand in United States' retail industry. There is going to be a detailed analysis of the company's mission and vision statements against the performance of the organization. Later there will be an assessment of organization's strategic goals and their link with the company's mission and vision. There will also be a look on the company's financial performance for determining the link between the company's strategic goals, strategy, and its financial performance. Further, there is going to be a competitive and marketing analysis and SWOT analysis of Family Dollar. Strategies will also be suggested for the betterment of the over conduct in the organization and maximizing the returns for shareholders. Options of merger or acquisition will also be thoroughly discussed with proper justifications and in the end employee motivation will be discussed. The discussion will end with a look on the company's overall ethical behaviors and conducts which are affecting the society in good as well as bad ways.
Discussion
Mission and Vision of Family Dollar
Mission
Mission statement of Family Dollar is;
A compelling place to shop for our Customers
A compelling place to work for our Team Members
A compelling place to invest for our Shareholders
Vision
Vision statement of Family Dollar is; to be the best small-format value and convenience retailer serving the needs of customer in the neighborhoods we serve.
Family Dollar's living Its Mission and Vision Statement
Family Dollar has shown ample evidences to demonstrate so far that for them all their stakeholders are really very important. Family Dollar is aware of the fact that all of its customers are working really hard for providing resources for their families. It is assumed by Family Dollar that customers can count on for the organization when it comes to select the very best for diverse product range of their stores and they are committed to make all the customers delivered with their most favorite brands and quality Private Brands which are trustable. They are also concerned about the career development of their employees. They know that building up a strong team is the cornerstone for the formation of a compelling place to work. They are also offering a long term value for its shareholders with their 37 consecutive quarterly dividend increments (investor.familydollar.com).
Strategic Goals in Link with Mission and Vision
For making an organization highly complied with its strategic goals it is really important to make all the operations completely in linked with the overall mission and vision of the organization. Family Dollar has a firm believe that ...