Case Study # 1

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CASE STUDY

description

LS 126 - Strategic Management 7-Eleven Mission, Vision and Key Strategies

Transcript of Case Study # 1

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CASE STUDY

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missionTo consistently servethe changing needs of

customersfor their convenience

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To consistently servethe changing needs of

customersfor their convenience

The customers of the company are those who prioritize their

convenience.

mission

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To consistently servethe changing needs of

customersfor their convenience

The firm’s major products and services include fresh-brewed coffee, Slurpee® and Big Gulp® beverages, and

Big Bite® hot dogs.

mission

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To consistently servethe changing needs of customersfor their convenience

The market competes in theconvenience store industry

mission

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To consistently servethe changing needs of

customersfor their convenience

7-Eleven’s products are continuously changing according to the present needs

of the consumer

mission

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To consistently servethe changing needs of customers

for their convenience

Concern for survival, growth, and profitability

mission

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To consistently servethe changing needs of

customersfor their convenience

The customer is their biggest priority with its goal to constantly meet the

customer’s needs.

mission

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To consistently servethe changing needs of customers

for their convenience

The firm distinctively focuses on its servicesand how it adapts to the needs of their

customers

mission

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To consistently servethe changing needs of

customersfor their convenience

Responsive to social, community and environmental concerns

mission

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To consistently servethe changing needs of

customersfor their convenience

Concern for employees

mission

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VISIONOur vision is to be the

best retailer of convenience.

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key strategies

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adaptive to change• economy might fluctuate

• read the signs of change and how sensitivity you are able to react to the information that comes your way

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Strategy of domination• concentrating openings on a particular district

• to increase recognition and appeal• to use advertising budget more

efficiently

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consistency• a strategy is carried out regardless of difficulties that may be encountered

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just-in-time delivery• zero inventories to reduce labor requirement and eliminate waste

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information systems• then became the POS (Point of Sale)• enhanced it further with EOB (Electronic Order Booking)

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ordering process1. theory2. experiment3. verification

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quality control• makes sure that all products are fresh, delicious and trusted as “something you can be sure is all right”

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hygiene measures• can be equated to those in semiconductor plants

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next-to-zero stock• ability to accurately deliver the items to franchises on a regular basis

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CASE STUDY