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Task 1
Identify the porter’s generic strategy adopted by Family Dollar Stores and it been successful in achieving expected competitive advantage?
Task 2
Critically evaluate the resources of Dollar Stores using VRIN framework and identify the key resources that help in achieving competitive advantage.
Task 3
What is stakeholder’s analysis?Analyse the stakeholder’s position of Family Doller Store using stakeholder’s mapping.
Task 4
Critically evaluate the vision and mission statement of Family Doller store and suggest some relevant modifications in vision and mission statement of Family Doller.
Family Dollar Stores, Inc.
As the economy limps along in mid-2009 and pushes more households into lower incomes, Family Dollar Store’s CEO Howard R. Levine is overseeing continued expansion and growth. His father, Leon Levine, founded the company when he was in his early 20s in 1959, and the elder Levine now sports the title Chairman emeritus. Family Dollar offers customers a variety of high quality, good-value merchandise. The company caters to the low- to low-middle income group (defined as households under $30,000 or $35,000 of annual income) with offerings of competitively priced merchandise in convenientneighbourhood stores. Family Dollar Stores has 31 percent of its items priced at a dollar or less.
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