Canadian Tire Mission and Vision Statement Analysis
Canadian Tire is a Canadian retail company that specializes in automotive, hardware, sports, and outdoor living products. Founded in 1922, it has grown to become one of Canada’s most iconic and successful retail brands, with over 1,700 stores across the country. In addition to selling products, Canadian Tire also offers services such as auto repair and maintenance, tire installation, and financial services.
Canadian Tire Mission Statement
Canadian Tire’s mission statement is: “To be the best at what our customers value most.” This means that the company is committed to providing the highest level of customer satisfaction by prioritizing and meeting the needs of its customers. It implies that Canadian Tire is dedicated to identifying and understanding what matters most to its customers and then striving to excel in those areas.
This mission statement emphasizes the importance of customer-centricity, which is crucial for any successful business. It indicates that Canadian Tire understands that its success is directly linked to its customers’ satisfaction and loyalty. By focusing on what customers value most, the company aims to provide them with the best possible experience, which can result in repeat business, positive word-of-mouth, and long-term success.
Moreover, this mission statement suggests that Canadian Tire is committed to continuous improvement, as being “the best” implies a continuous effort to improve and exceed customers’ expectations. By striving to be the best at what its customers value most, Canadian Tire can differentiate itself from competitors, build a strong brand reputation, and ultimately achieve its business goals.
Canadian Tire Vision Statement
Canadian Tire’s vision statement is: “To be the first choice for Canadians in automotive, sports and leisure, and home products, providing total customer value through customer-driven service, focused assortments, and competitive operations.”
The vision statement outlines the company’s desired position in the market and its commitment to meeting customers’ needs. It emphasizes Canadian Tire’s goal of becoming the top choice for Canadians across three key product categories: automotive, sports and leisure, and home products. This implies that Canadian Tire wants to be the go-to destination for customers looking for products in these categories. By positioning itself as the first choice, Canadian Tire aims to differentiate itself from competitors and establish a strong brand identity.
The statement also emphasizes the importance of providing total customer value, which means going beyond just selling products and offering exceptional customer service. By being customer-driven, Canadian Tire aims to understand and anticipate its customer’s needs, provide personalized solutions, and build lasting relationships.
Moreover, the vision statement highlights the importance of having a focused assortment of products and competitive operations. This implies that Canadian Tire wants to offer a carefully curated selection of products that align with customers’ needs and preferences while also ensuring that its operations are efficient, effective, and competitive in the market.
Overall, Canadian Tire’s vision statement reflects the company’s commitment to becoming a leader in the Canadian retail market by focusing on customer-driven service, a focused assortment of products, and competitive operations.
Canadian Tire Core Values
Canadian Tire’s core values are:
- Putting Customers First
Canadian Tire is committed to providing exceptional customer service and meeting the needs of its customers. The company places customers at the center of everything it does.
- Achieving Excellence
The company strives to achieve excellence in all aspects of its business, from product development and customer service to employee training and operational efficiency.
- Working Together
Canadian Tire values collaboration and teamwork. The company believes that working together towards common goals and objectives is crucial to achieving success.
- Embracing Change and Innovation
Canadian Tire embraces change and is always looking for new and innovative ways to improve its products, services, and operations.
- Acting with Integrity
The company believes in conducting its business with honesty, transparency, and ethical principles. The company is committed to doing the right thing, even when it’s not the easiest option.
- Respecting Each Other
Canadian Tire values diversity, inclusivity, and mutual respect. The company creates a supportive and respectful work environment where employees can thrive.
These core values guide Canadian Tire’s decisions and actions and help to shape its culture and identity. They are a reflection of the company’s commitment to excellence, innovation, customer service, and ethical principles.
Canadian Tire Mission Statement History
Here’s a grouping outline of Canadian Tire’s mission statement history by year, from newest to oldest:
- Present day (2005 onwards)
“To be the best at what our customers value most.”
- The 1990s to early 2000s
“Our customer-driven focus will enable us to be the leading marketer and distributor of automotive replacement parts and accessories and leisure and home products in Canada.”
- The 1960s to 1980s
“To provide quality products, services, and value to every customer every day.”
- The 1950s
“To offer the best products at the lowest possible price.”
- The 1920s to 1940s
Canadian Tire did not have an official mission statement during this time period, but its early values were centered on providing customers with reliable automotive products and services.
The Bottom Line
In conclusion, Canadian Tire is a well-established retail company that has been a staple of Canadian culture for nearly a century. Over the years, the company has evolved its mission statement to reflect its commitment to customer service, innovation, and excellence. Its core values of putting customers first, achieving excellence, working together, embracing change and innovation, acting with integrity, and respecting each other, continue to guide its decisions and actions today.
With a focus on providing total customer value, a focused assortment of products, and competitive operations, Canadian Tire aims to be the first choice for Canadians in automotive, sports and leisure, and home products and to continue its legacy of providing quality products and services to every customer, every day.
Canadian Tire Mission Statement History
Canadian Tire mission statement remains unchanged through 2020 and 2021