Workplace Diversity Canadian Business Comparison Report The Canadian business comparison report comprises of the companies details and also the comparison between a Canadian local business and Indian local business. For this report I have chosen Canada’s Dollarama and India’s D-Mart as both company have same target market. Dollarama is Canada’s leading dollar store with 900 locations across Canada. Larry Rossy, a third generation retailer, founded the company in 1992. The first Dollarama store opened in April 1992, in a shopping center "Les promenades du St-Laurent" in Matane, Quebec. The products sold are in single or multiple pieces at selected price point of not more than $3. The company aims to provide customers with a consistent …show more content…
They also provide insurance and pension benefits for employee. Dollarama has a diverse working environment and the employees have the opportunity to enhance their retail as well as management skills and build a respectable career in the retail industry. Dollarama also provides the employees with competitive benefit packages which includes medical and drug plans, life and disability insurance. The employees can also opt in company matched pension plan. Dollarama has a diversified culture as the company hires locals as well as international students for part time/full time jobs. As there is a college nearby Dollarama has many international students working for them. D-Mart on other hand hires locals for job as there are not many international students in India. Also because of low wages in India (for most of the firms) no international student applies for job. Dollarama hires employees from age bracket of 16 60 years and varies from the position applied. The store manager’s age group is from 50-60 years and the assistant manager’s age group is 40-50 years. The key holder’s age group is from 25-45 years. D-Mart hires employees from age group of 18-50 years. The manager’s age group varies from 35-50 years depending on experience and qualification. The store associates age group is from 18-35 years. D-Mart selects its candidates based on their qualification and previous work experience. To
This report is based on the comparison between two organizations that deals with the Retail Company that operates hypermarkets. The report consists of a comparison between Canadian business and Indian business. For this project I have chosen Canada’s Walmart and India’s D’mart the Canadian Walmart is the multinational retail corporation.And Indian D’mart deals within India only.
If we analyze Dollar Store, we will see that it has established over 140 stores across Canada since its inception in 1998. As it has been considerably increasing its market reach across Canada; they are considered a direct competitor to Dollarama. On the other hand, Great Canadian Dollar stores are extending their reach in eastern Canada. Additionally, they are very present in the community by offering both charitable and communal support. At last, Dollar Tree is a growing chain of discounted retail stores in the United States. It operates over 4400 retail stores in 48 states of the US and in Canada. Thus, they are ready to expand their customer base into Canada. Also, Dollar Tree offers a much broader range of products compared to Dollarama, for example frozen foods and dairy items. As such, there is a very high competition in the discounted retail stores industry. However, in such a high competitive environment, Dollarama is still able to open over 150 stores in the past four years only. Also, considering their stock trend, their share price had increased from 25$ to 56.90$ per share in only one year. That represents a growth of 128% in a single year. We can conclude that their shares are in demand in our current market environment. Thus, we can assess that they are very well positioned in today’s competitive environment.
Family Dollar has a big competitive advantage over supermarkets and box stores. The same products that the supermarkets and box stores carry, Family Dollar sells to its customers for a cheaper price. Family Dollar stores are conveniently located in your local neighborhoods within walking or a short driving distance. Most supermarkets and box stores you have to fight with crowds and parking in a larger shopping district. Family dollar not only sells food and health and beauty products but they also have clothing for the family. This is something that supermarkets do not carry. Some box stores do carry clothing products but not with the convenience that Family
Technology has made it to where we can shop online or from our phone in just seconds. It has also brought us coupons, debit/credit cards, checks, organizational charts and so much more. Shopping online can save us money and time. When shopping online you can most of the time get discounts, buy in bulk and have items delivered to your house which in turns saves you money. Dollar Tree’s online store is a great tool to have; however, you have to buy in bulk online. With that being said that means when you go to check out you have to have the minimum amount of each item, which can be a pain. It is still nice to look and see what they have, and possibly buy sets of containers or anything else you may need a lot of. Dollar Tree accepts coupons(! What does this mean? It means you can get things for almost nothing and sometimes completely free. It helps tremendously when you have a tight budget. Due to all the advancements in technology even your local Dollar Tree has debit/credit card readers. Most people don’t carry around a lot of money so their cards are their best friends. Have you ever walked in a Dollar Tree, Wal-Mart, Dollar General or Family Dollar? I bet you noticed that they are all set up pretty much the same way. They get sent organizational charts every time they bring new item in, delete item or the seasons change. This is to give them all the same look and flow, and it also makes it to when you go into any of these stores even for the first time all of the stores are laid out pretty much the same. People hate looking for things in a store, and this nifty invention takes out most of the guess work. Remember as you walk through the front of the store this Christmas season what do you see? Christmas items everywhere they do that because they know it will impulse you to buy it even if you don’t need
Dollar General and Family Dollar are not what they claim to be in the view of their customers. As for some items in Dollar General and Family Dollar are seen to be marked up more compared to the same item of better quality at a Walmart Store. If the items bought at a “dollar” store are a dollar there is more likely of a chance that the item will be of low value in the first place, but not all the time. In the true dollar stores like Dollar Tree, there are a lot of “here and there” items that are very well worth a dollar to many people, others not so good of a deal. The same “here and there” items at a Family Dollar or Dollar General are usually known to not be a dollar, but the items are still sold to customers that
The Dollar Tree Cooperation provides inbound, import, domestic transportation and outbound transportation services to 48 locations in the United States and five locations in Canada (Dollar Tree Inc., 2014). Using 10 distribution centers, the Dollar Tree is
Dollarama’s largest current assets are merchandise inventories. Merchandise inventory in short are goods that are to be sold by a retailer that haven’t been sold yet. Dollarama is a low cost dollar based retail store, meaning that Dollarama will sell items of any type in their store as long as the price point is within one to three dollars. Due to Dollarama selling goods of many categories the amount of product they keep in stock will be very large and varied to keep up with the demands of the customer. Dollarama keeps goods from food all the way to toys for your child, in essence whatever is cheap Dollarama will keep and sell.
The Dollar Tree brand of stores has been around since 1986, when Douglas Perry, Macon Brock, and Ray Compton founded the chain as a compliment to their other business, K & K Toys (Parnell, 2014). Through the years, Dollar Tree has acquired several different dollar store and low-end retail chains to grow their business to over 4000 stores (Shetty, 2010). One of the first and most strategic moves that the company made was to shift away from carrying closeout merchandise and to become more of a traditional variety store with a wide variety of basic goods all priced at a dollar or less. To accomplish this change, the chain had to discontinue their current purchasing strategies and had to begin buying directly from manufacturers to change the type of merchandise that they had available for consumers. The second major strategic move involved changing the location of where stores are usually located. Up until this point, the stores had been being in enclosed malls. With this change,
Dollar Tree Logis-cs and Distribu-on Center Decision Dollar Tree • Main merchandises: – $1 – Consumable merchandise: candy, food, health and beauty care, house wares (paper, plas-cs, chemicals) – Variety merchandise: toys, durable house wares, giCs, party goods, gree-ng cards – Seasonal goods: Easter baskets, summer toys, lawn and garden equipments, Halloween and Christmas goods 40% imports, 7% closeout items, rest domes-c vendors Dollar Tree—Opera-ons Competency • What are the opera-onal priori-es? •
The Dollar General is an American wholesale company that was first initiated in Scottsville, Tennessee by Turner and Cal Turner. Its headquarters are located in Goodlettsville, Tennessee. The mission statement of the Dollar General is "Serving Others." This mission statement helps to bring out the innate requests and intentions of the company in the United States of America and other countries in the world. The company has a vision that describes how it manages to cater for four different types of people. These four groups of people include the customers, the community, employees, and shareholders. Within these categories of people, Dollar General aspires to serve others through deliver of price quality and terrific prices for customers, opportunity, and respect for employees, a superior return for shareholders and a better life for the communities.
Workplace diversity refers to the variety of differences between people in an organization. Workplace diversity is about acknowledging differences and adapting work practices to create an inclusive environment in which diverse skills, perspectives and backgrounds are valued. It is about understanding the individual differences in the people we work with that arise from a broad range of backgrounds and lifestyles, and recognizing the value of using those different perspectives, ideas and ways of working to enhance the quality and outcomes of work. Our diversity is shaped by a variety of characteristics including age, ethnicity, gender, disability, language,
Wal-Mart is the world's largest retail and departmental store chain. Having business operations in 27 countries with 69 different brand names, Wal-Mart is able to serve a huge number of customers per day. Wal-Mart is the fastest growing and the most successful retail brand in the world. The factors which make it the strongest brand in its industry include large customer base, sound financial strength, strong brand image, and huge supply chain network. Wal-Mart has certain weaknesses in its operations and business setup like low acceptability of certain products, high employee turnover, and less recognition of newly introduced brands. These weaknesses can be overcome by availing attractive opportunities from the market and investing more in the most profitable areas. Wal-Mart faces the biggest threat from its competitors and ever-changing customer preferences.
As companies become more diverse in the work field employees are getting harder to manage and understand. One issue in the global market today is workplace diversity. Workplace diversity is defined as all characteristics and experiences that defined each employee as individuals, but it can also be misunderstood as discrimination against employees. Diversity can include race, ethnicity, sex, religion, disability and sexual orientation discrimination. One reason why workplace diversity is important is because when you respect your employees productivity rate rises and many companies do not know that. A diverse workplace targets to create an inclusive culture that values and uses the talents of all employees.
The respect and care Dollar General gives to the customers and employees comes back to benefit them in their revenue. Dollar General gives the customer a cheap reliable product and distributes it through stores that are local and convenient; convenience and price is where they win. At Dollar General they research and battle daily to provide the cheapest prices in the business at our stores. Not only are the prices cheap, but they are made easy for the customers when shopping. Customers can find the prices of all the products in even increments. This makes it easy for the customers when adding up totals and figuring out taxes. Another convenient aspect of our stores is the size. On average a Dollar General store will be about 6,900 square feet. This allows the customer to get in and out of the store as quickly possible and get on with their day. In fact the average shopper at Dollar General will have completed their shopping, paid, and out the store within 10-20 minutes. This can be compared to a customer going into Wal-Mart shopping for the same goods would spend around 55 minutes in the store. Our last strength would be the products. Dollar General is designed
Wal-mart is the number one retail store in the U.S. and was founded by Sam Walton in 1962. Wal-mart has expanded to include the U.S., Mexico, Puerto Rico, Canada, Argentina, Brazil, China, and various other places. In 1988, Wal-mart developed the Supercenter concept to meet the growing demand for one stop family shopping. Supercenters combine grocery and general merchandise all under one roof. Their purpose is saving people money to help them live better (Wal-Mart, n.d). Even their success Wal-mart has still had many lawsuits for violating labor laws and