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DAYTON-HUDSON

DAYTON-HUDSON. The Social Responsibility of a Takeover Target. DAYTON-HUDSON. Group B: Rakeshor Ningthoujam Bharti Mayank Akansha Sneha. The Social Responsibility of a Takeover Target. Group B: Rakeshor Bharti Mayank Aakanksha S neha.

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DAYTON-HUDSON

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  1. DAYTON-HUDSON The Social Responsibility of a Takeover Target DAYTON-HUDSON Group B: RakeshorNingthoujam Bharti Mayank Akansha Sneha The Social Responsibility of a Takeover Target Group B: Rakeshor Bharti Mayank Aakanksha Sneha

  2. “We are not in business to make maximum profit for our shareholders. We are in business..to serve society. Profit is our reward for doing it well. If business does not serve society, society will not long tolerate our profits or even our existence.” • - Kenneth Dayton, Chairman, Dayton-Hudson Corporation

  3. Established in Minneapolis in 1902. • 7th largest retail company in the US. • In 1983, Kenneth Mache was elected chairman and chief executive. DAYTON-HUDSON’S HISTORY

  4. DH’s 1986 Revenues And Operating Profits

  5. Social Responsibility ` • Social responsibility is the obligation of organization’s management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization. • Important to the society, organization and human. • Responsibility can be divided into 4 groups of beneficiaries: • Owners/shareholders • Employees • Customers/consumers • Community

  6. Dayton Foundation was set up in 1917. • To grow and earn at a rate commensurate with the best in the industry. • 5% policy. • A Committee on Social Responsibility was added by the board of directors in 1973. • In 1984, DH won “The best managed company in America” award. Social responsibility at dh

  7. Dayton Hudson Community Giving in 1986

  8. Rumors of the takeover began on June 10, 1987. • Stock up 22% by July 1, 1987. • June 5, stock escalated by about $1 billion. • Golden parachutes worth more than $12 million to top 14 employees. • DGI was the major buying DH stock. • The Hafts made $97million in 1986. The takeover

  9. Community involvement expenditures (1986)

  10. The end

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