Dollar General Corporate Strategy

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1. Corporate Strategy: Business Diversification The Discount Retail Industry is seeking new venture development by introducing a pharmacy department into stores (Thau. 2012). The method that is being used is through a joint venture. The company contracts with the pharmacy to open inside the department store (Vosburgh, 2012). This can only help the company by offering more products at a discounted price. The discount retail industry is always looking for ways to save customers money. “Pharmacies in dollar stores are almost inevitability”, according to one industry watcher. (Thau, 2012). The retailer industry diversification takes many forms, either through the addition of new products and service offerings, to new market segmentation.…show more content…
Ethics, Social Responsibility, and Environmental Sustainability The retail industry realizes their influence on enforcing sustainability behavior to their vendors by leveraging buying power. The needs of retailers from transportation, distribution and logistics all have an impact on consumer economy. “Retailers can encourage sustainability in product design, manufacturing and operations to helping consumers make sustainable product purchasing decisions. By improving their own sustainability performance retailers can help elevate the sustainability performance of other major economic players.” (Ceres, n.d.) Dollar General Corporation has 11,500 stores in 40 states with 100,000+ employees (Dollar General, n.d.), and still growing, Dollar General Corporation is sure to have some deviations from their code of conduct. The company is not without problems from suppliers using child labor in China to not reporting financial information. According to the Dollar General code of business conduct and ethics, the Dollar General Code of Ethics…show more content…
Any deviation or failure of these requirements can and will result in cancellation of orders, additional auditing, testing, and fees. The company enforces vendor level requirements by refusing to approve shipments unless a supplier agreement is satisfied, and a copy of insurance certificate for Product Liability Insurance has been submitted. No purchase order will be written until every item that Dollar General purchases is listed on a Quote Sheet (Dollar General, n.d.). Their factory level requirements include a valuation from the Workplace Condition Assessment process for standards of safety and human rights. No approvals for shipping will be issued until the factory has achieved certification status or have an approved Correction Action Plan (CAP). Failure will result in immediate cancellation of orders. (Dollar General, n.d.) There must be a Customs Trade Partners Against Terrorism Questionnaire (C-TPAT) on file before shipping approval. All factories manufacturing in High Risk Countries have to undergo Physical Security Assessment Audit (Dollar General,

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