...Online business expansion E-Business Task 1 introduction Developing an online business expansion may be one of the biggest projects for business owners or shareholders to take part in the making. Looking around the big picture, E-Business can be the leading marketing enterprise around the world. One reason is because of its technology foundation. Nowadays, mostly everyone knows or has access to the internet, which makes it so easy to communicate. And what really creates an online business expansion is communication. It is the way an organization carries out its business information locally and across the globe. That is how to start developing the concept of an online business expansion. A1. - Viability of product or service A Family Dollar store near my community is having...
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...Dollarama Inc. The Canadian Dollar Store Giant 1 Dollarama Inc. The Canadian Dollar Store Giant October 20th 2013 Dollarama Inc. The Canadian Dollar Store Giant 2 Abstract This paper will explore the strengths, weaknesses, opportunities and threats (SWOT) of the internal and external factors that contribute to the success and potential failure of Dollarama Inc. The different factors we will look into include competition, technology, ethics, globalization and environment. Dollarama Inc.’s mission is to provide value for the customer and to surpass the customers’ expectations; “Dollarama’s success is a demonstration of the type of retailing innovation that can drive brand growth”. (Brand Finance, 2013). As you read, you will discover that there are many opportunities for Dollarama to increase its business, even if it is the biggest and most successful dollar store chain in Canada. Dollarama Inc. The Canadian Dollar Store Giant Dollarama Inc. The Canadian Dollar Store Giant 3 Dollarama was founded in 1992 by Larry Rossy. It it’s the leading dollar store chain with over 800 locations throughout Canada. Their business strategy is to provide customers products that are of good quality and value and in convenient locations. Contrary to popular belief, the customer base that shops at Dollarama ranges from the richer populations to the poorer populations. Having a great deal of pressure on profit margins, in 2012, Dollarama rolled out new price points, prices...
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...with being a public company. Being a public company allows other people to fund your idea while getting the benefits. The company I chose to write about is Dollar Tree. The main business and operational activities are to offer merchandise to customers at a lower price with the same quality as the major stores. The purpose of this paper is to identify the development of the Dollar Tree and the financial state the company is in. I will discuss a short outline of the main developments of the company over the past few years. In 1986, Dollar Tree was founded by three men who knew went into the toy store business. Eventually they sold that store and focused totally on the discount market. The store began as a discount store Only One Dollar Inc. In 1993, the store changed the name to Dollar Tree Stores Inc. which remains the same today. This company is the leading discount variety store in the United States. Dollar Tree sales merchandise such as food, toys, cleaning supplies, health and beauty supplies, books, and many other consumer items for only one dollar. They are able to offer a variety of products at one dollar because the company buys products in huge quantities. Some financial information such as the stock price, and its profitability, and other financial information I found relevant is that Dollar Tree is listed as one of the Fortune 500. The rank they currently hold is 373. At the end of 2011, their assets were over $1.326 billion according to ycharts.com...
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...Dollar Tree Financial Statement Analysis DeVry University 8/19/12 Table of Content Introduction-------------------------------------------------------------------------------------------------------------------3 Question 1--------------------------------------------------------------------------------------------------------------------3 Question 2--------------------------------------------------------------------------------------------------------------------4 Question 3--------------------------------------------------------------------------------------------------------------------4 Question 4--------------------------------------------------------------------------------------------------------------------5 Question 5--------------------------------------------------------------------------------------------------------------------6 Question 6--------------------------------------------------------------------------------------------------------------------7 Question 7--------------------------------------------------------------------------------------------------------------------7 Question 8--------------------------------------------------------------------------------------------------------------------8 Question 9--------------------------------------------------------------------------------------------------------------------9 Question 10------------------------------------------------------------------------------------------------------------------10 ...
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...Course Project Part 2 Course Project Part 2 Jezreel Wilson, Sadaf Mohiuddin, Anel Catic Community Tech Center 04/232015 Jezreel Wilson, Sadaf Mohiuddin, Anel Catic Community Tech Center 04/232015 Contents Introduction 2 Risk Management Planning 2 Scope 2 Statement of Work—Project Description and 3 WBS 5 Risk Identification 6 Negative Risks 6 Qualitative Risk Analysis 7 Positive Risks 7 Negative Risks 7 Risk Response Planning 7 Positive Risks 7 Negative Risks 9 Decision Tree Analysis 11 Discussion of Decision Tree 12 Event / Fault Tree Analysis 14 Discussin of Event / Fault Tree 15 Conclusion: 15 Works Cited 16 Introduction The available of technology, such as, computers, tablets, ebooks, and even Internet are absent in many households in America still. As of 2013, the Census Bureau suggested that “84% of U.S. households own a computer, and 73% of U.S. households have a computer with a broadband connection to the internet (Pew Research Center).” It also mentioned “63.6% having a handheld computer. (Census Bureau)” A survey by Pew Research Center confirmed those stats, as 70% reported they have broadband access. These numbers show that there is still a large number of Americans who don’t own a computer, nor have access to the Internet. “Nearly 25 million households (21%) have no regular internet access at all, either at home or elsewhere (Pew Research Center)...
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...----------------------- Energy Trace Barrier Analysis (ETBA) – Qualitative analysis technique used to identify hazards by tracing energy flow into, thru, & out of a system. “Energy hazard” is defind as an energy source tht adversely impacts an unprotectd or vulnerable target. Assessment is conductd by following the energy path to determine if adequate controls are in place to assure undesird energy release does not occur.– Energy flow is tracd through the system operation & energy transfer points are identifid– Barriers to ento energy flow are evaluatd to determine adequacy • ETBA process can be applied at any stage of the project lifecycle & can be very useful for:– Systems design –Developing procedures(e.g., lockout--‐tagout). – Planning/judging operational readiness. – During mishap investigation or making “safe--‐to--‐enter” decisions at mishap sites. ETBA Approach • Examine system & identify all energy sources • For each energy source, trace its path through the system • Identify all targets tht could be vulnerable to the energy source • Identify all barriers in the energy flow path • Determine if existing controls are adequate. Energy Source– any material, mechanism, or process tht contains potential energy tht can be releasd •Electrical •Mechanical •Chemical •Radiation• Sonic• Thermal• Nuclear• Pneumatic• Hydraulic• Others Energy barrier --‐ any design or administrative method tht prevents energy from being releasd or prevents a hazardous energy source from reaching a...
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...ARES Corporation is skilled at developing event trees and fault trees; providing a systematic method for investigating accident and/or failure scenarios involving complex systems. These trees evaluate the pathways leading to failure of a system and the associated risk(s). The event tree development process determines the boundaries of the particular analysis by defining the initiating event and the possible outcomes for each sequence of events. The event tree analysis defines possible scenarios including success, and partial and/or complete system/subsystem failure. Fault trees are often used to quantify system events that are part of event tree sequences. An event tree is a graphical representation of the logic model that identifies and quantifies the possible outcomes following an initiating event. Beginning with an initiating event; the event tree details a sequence of pivotal events that lead to specific end states (e.g. OK, Partial Failure or Failure). As each new top event is considered, a new node on the tree is added with a split of probabilities taking either branch. Fault trees graphically represent the interaction of failures and other events within a system. Basic events at the bottom of the fault trees are linked via logic symbols (know as gates) to one or more top events. These top events represent identified hazards or system failure modes for which predicted reliability or availability data is required. An “AND” gate indicates that all of the events...
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...When we look at the terms of risk reduction and hazard control we get the terms of eliminating and reducing the issues. Where control of hazards seek to maintain instead of removing the process. The term that risk reduction is applied to is a complete understanding of the intent of the criterion to ty risk- reducing the probability of the events occurring. In the terms of the second and third definitions of risk because they include both the probability of the event and the severity of the harmful consequences. Risk reduction is a term that capture the fundamental concept that harmful events consist of the three phases. Jensen, R. C. (2012). Risk-Reduction Methods: For Occupational Safety and Health (1st e A physical model is one that thing would be (like if you were creating a model of say a building, park, airplane or other large structure or area), sometimes it's actual size if it is small enough. You build or have built that you can touch. Sometimes it is a miniature version of what the real. What I mean by physical models is those that are meant to represent the physical world, as opposed to – for example – biomechanical, or computers models. Jensen, R. C. (2012). Risk-Reduction Methods: For Occupational Safety and Health (1st ed.). Whenever you are planning or one have to deal with risk and hazards we should looking in to the process from the beginning to the end. Where do we want to be at this point in the project as...
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...MLOS 535 – Survey of Organizational Finance Cohort #13 Week 8 Comparative Analysis By: . Final Paper Option #2 Comparative Analysis Family Dollar Stores Inc. & Dollar Tree Inc. Author Note: Written for: Professor Deborah St. George Azusa Pacific University 2014 Abstract Comparative analysis of two financial statements between Family Dollar Store Inc. and Dollar Tree Inc. In our country discount grocery chain store companies are making their place in the market as a staple for most American families. With so many to choose from, and having multiples within a close proximity of one another they have become fiercely competitive. Upon collecting the required perspective financial statements, I analyzed them in detail and identified key comparative advantages consisting of years 2012 and 201 . The following report is reflective of my findings and a brief history of each company to the end of fiscal year 2013. FAMILY DOLLAR INC. Family Dollar was founded in 1959 by Leon Levine, a 21-year-old entrepreneur. In November of that year, the company's first store was opened, in Charlotte, North Carolina. In 1961, their first store in South Carolina opened, followed by stores in Georgia and Virginia, which were opened in 1962 and 1965, respectively. During the 1960s, the store company was largely a southern United States operation. By 1969, there were fifty stores in Charlotte alone. The 1970s were growing years for the store chain. In 1970, Family Dollar's...
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...In 1993, One Dollar Inc. officially changed its name to Dollar Tree. Dollar Tree is a leading discount variety store in the United States. Their inventory is priced at one dollar including food, toys, housewares, cleaning supplies, beauty aids, paper products and many other odds and ends. Dollar Tree is able to offer its customers a wide variety of products for just one dollar because of its purchasing power. The company buys products in huge quantities. Dollar Tree imports roughly 40 percent of its stock, purchases manufacturers’ overage and maintains a strong focus on controlling costs. However, Dollar Tree recently announced an $8.5 billion acquisition. The figure rose to $10 billion due to stock prices soaring. Dollar Tree agreed to divest 330 Family Dollar stores to private-equity firm Sycamore Partners. The combined organization will operate more than 13,000 stores in 48 states forecasting sales exceeding $19 billion annually. Dollar Tree anticipates the deal will result in an estimated $300 million of annual run-rate by the end of the mergers third year. Again, the merger levels the playing field for competition with a large retail store, Walmart. The dollar concept is once again gaining popularity in the U.S. due to changing shopping patterns. Dollar stores’ convenient locations give them a competitive edge over traditional Wal-Mart stores, which are usually located on the outskirts of cities. The retail giant has also ramped up its own small store expansion...
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...MAT 540 Week 2: Decision Analysis |Slide # |Topic |Narration | |1 |Introduction |Welcome to Quantitative Methods. In this lesson, we will discuss the concept of decision | | | |analysis, a valuable technique for decision making process. | | | | | | | |Please go to next slide. | |2 |Objectives |When you complete this lesson, you will be able to: | | | |Analyze decision-making problems electronically. | | | | | | | |To meet this outcome we will cover the following supporting topics: | | | |Components of decision making; | | | |Decision making without probabilities; ...
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...building a tree house for a family in their backyard within a residential housing area. The project should be completed in thirty business days with a project budget not to exceed $25,000. All legal permits are required in order to start building, and the tree house is expected to be child safe and weather resistant. As a team we have stayed under budget because we have taken into account periodic costs through our risk analysis. As a team we have taken into account tree structural issues and periodic costs could incur here because of using more material to either strengthen by reinforcement with more wood and metal. We have taken into account what tools we need and annotated them in our risk analysis with cost over runs. During the project we may need to purchase extra materials and tools prior to the building phase. We did a good job forecasting such a need, one of the reasons we are still in budget. The only thing on this analysis we cannot account for is bad weather, however we allocated proper storage and workspace for such an event. For this tree building project we took into account the cumulative costs of the project manager, architect, construction workers, CAD design software of the tree house, wood, flooring, windows, doors, roof tiles, paint, insulation, tools, and nets. The cumulative cost of the pre-construction phase is $4,460.00 which includes getting the right personnel, the materials, and the tools for the project. We have higher dollar amounts...
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...Dollar Tree is the nation’s largest single price point retail with over 3300 stores across the United States. It has faced several issues that have led to organizational and leadership problems. 1. What are the chief elements of the strategy that “Dollar Tree” is pursuing? The chief elements important in this article are all related to the fact that the company was moving towards expanding the business and creating a competitive advantage. As the article says, the business grows so much that by 2009, there were over 33000 retail stores and 12 distribution centers. The chief elements are as follow: - To enter new geographic markets. - To gain sales and market share with lower costs. - Adhering to policies and procedures and making changes when needed. 2. What are the elements of “Dollar Tree” ’s Business Model? There are 2 elements in the Business Model of Dollar Tree, which are Customer Proposition Value and Profit Formula. Customer Proposition value lays out how the company is going to satisfy customer needs at a price the customer will consider a good value. In the case of Dollar Tree’s company one dollar for all products they offer is both a good value for the price they pay, and satisfying. Profit Formula describes how the company is going to determine a cost structure that will provide profits. Dollar Tree company, in order to keep up with competition, has to purchase very aggressively when products of extreme value come their way, even if it means overloading...
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...Dollar General MBA 7000 Business Policy and Strategy March 14, 2012 Indiana Tech Introduction and Overview Dollar General’s CEO, Cal Turner Jr., said, “Our customer doesn’t buy until she absolutely has to – she’s that stretched. Our agenda has to be to do everything we possibly can to be responsive to her needs. This is why Dollar General’s executive vice president for operations and merchandising, described the company’s customers as: “Our customers are salt-of-the-earth people who are savvy about spending money because they have to be. They have to balance their checkbooks every day, at least mentally.” (Appendix 2) So to me that displays why Dollar General has flourished during these past years even during the economic challenges in United States, Dollar General understands the target customers they are looking to attract. Therefore, internally the company must meet government regulations of health care coverage to meet upcoming government standards and expansion of the company globally while being consistent and not straying off its aggressive business growth plan in the United States can increase the company’s share of the market not just locally but globally, while increasing the company sales and awareness thereby increasing its position even more so in the industry. Dollar General serves the mid to lower income households with annual incomes of less than $50,000. (Case) Dollar General has the largest appeal to large families, low income, fixed...
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...The concept of a dollar store is very simple: customers come in expecting to find inexpensive items. Dollarama Inc., Canada’s own ubiquitous brand, has capitalized on this price-point retail model and has performed exceptionally well over the last 22 years it has been in business. “We treat it really well, that $1 item. I do not think anybody else in the world takes it as seriously as we do,” explains CEO, Larry Rossy (Cowan, 2011). In comparison with most value-retail stores, Dollarama’s strategy is relatively simple: keep clean and brightly-lit stores with a consistent array of inventory (Cowan, 2011). However, its success is not only attributable to the convenience and ambiance offered by its stores, but also their “ability to capitalize on seasonal demand is [also] widely admired” (Cowan, 2011). Indeed, Dollarama has had the time to acquire the experience in optimizing its stores’ layout for effective leverage of seasonal products. All in all, most would say that Dollarama has done really well in its industry and climbed their way to being the dominant giant. Even so, retail analyst John Williams speculates that this dollar store has reached its mature phase of growth in the industry (Cowan, 2011). With even more new stores on the way, will Dollarama Inc.’s consistent growth be sustainable? Description The very first Dollarama was opened in 1992 in the city of Matane, Quebec. Founder and current CEO of Dollarama Inc., Lawrence (Larry) Rossy, at 70 years old, is a third generation...
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