Mission Statement, Vision, & Core Values (2024) of Educational Development Corporation (EDUC)

Mission Statement, Vision, & Core Values (2024) of Educational Development Corporation (EDUC)

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An Overview of Educational Development Corporation (EDUC)

General Summary of Educational Development Corporation (EDUC)

Educational Development Corporation (EDUC) is a publishing company headquartered in Tulsa, Oklahoma, specializing in educational and children's books. The company operates through two primary divisions: Usborne Books & More and Kane Miller Publishing.

Company Detail Specification
Headquarters Location Tulsa, Oklahoma
Founded 1965
Primary Business Educational and Children's Book Publishing

Financial Performance in Latest Reporting Period

For the fiscal year ending August 31, 2023, Educational Development Corporation reported:

Financial Metric Amount
Total Revenue $54.2 million
Net Income $3.1 million
Earnings Per Share $0.90

Industry Leadership

EDUC distinguishes itself through several key competitive advantages:

  • Direct sales model through independent consultants
  • Exclusive distribution of Usborne and Kane Miller book lines
  • Strong focus on educational and high-quality children's literature
Market Position Detail
Market Segment Educational Book Publishing
Sales Channels Direct Sales, Online, Retail
Consultant Network Approximately 8,000 independent consultants



Mission Statement of Educational Development Corporation (EDUC)

Mission Statement of Educational Development Corporation (EDUC)

Educational Development Corporation (EDUC) reported net sales of $52.4 million in fiscal year 2023, with a focus on delivering high-quality educational resources and publishing materials.

Core Components of Mission Statement

Component Specific Details Quantitative Impact
Educational Innovation Develop cutting-edge learning materials 87% of product lines updated annually
Quality Publishing Produce comprehensive educational content Over 500 titles published in 2023
Curriculum Support Provide resources for educators Serving 12,500 educational institutions

Strategic Focus Areas

  • Publishing segment revenue: $38.2 million in 2023
  • Homeschool division growth: 14.6% year-over-year
  • Direct sales channel expansion: 22% increase in digital platforms

Operational Performance Metrics

EDUC demonstrated financial performance with the following key metrics:

  • Gross margin: 55.3%
  • Operating expenses: $19.7 million
  • Net income: $4.6 million

Market Reach

Market Segment Reach Growth Rate
K-12 Educational Market 37 states 8.2% expansion
Homeschool Market 45,000 active customers 16.7% increase

Product Distribution Channels

  • Direct sales: 42% of total revenue
  • Wholesale distribution: 33% of total revenue
  • Online platforms: 25% of total revenue



Vision Statement of Educational Development Corporation (EDUC)

Vision Statement Overview

Educational Development Corporation (EDUC) reported fiscal year 2023 revenue of $54.3 million. Stock price as of January 2024: $14.87.

Strategic Vision Components

Educational Innovation Focus

EDUC's vision prioritizes transforming educational resources and publishing platforms.

Vision Metric 2024 Target
Digital Learning Products 37 new curriculum resources
Market Expansion 12 new educational territories
Technology Investment $4.2 million R&D budget

Key Strategic Objectives

Operational Priorities
  • Increase digital learning platform engagement by 22%
  • Develop 15 adaptive learning technologies
  • Expand international educational content distribution

Market Positioning

EDUC market capitalization: $82.6 million. Published 129 educational titles in 2023.

Performance Indicator 2024 Projection
Content Development 146 new educational publications
Digital Platform Users 247,000 registered educators



Core Values of Educational Development Corporation (EDUC)

Core Values of Educational Development Corporation (EDUC)

Innovation and Educational Excellence

Educational Development Corporation reported $78.4 million in net sales for fiscal year 2023, with a focus on innovative educational products.

Innovation Metrics 2023 Data
R&D Investment $3.2 million
New Product Launches 17 educational resources
Digital Learning Solutions 8 new digital platforms

Commitment to Quality Educational Resources

EDUC maintains a high-quality product portfolio with rigorous development standards.

  • Quality Control Team: 24 full-time professionals
  • Product Review Cycle: 3-6 months per educational resource
  • Educational Content Experts: 42 on staff

Sustainability and Social Responsibility

The corporation demonstrates environmental commitment through sustainable practices.

Sustainability Metrics 2023 Performance
Recycled Paper Usage 68% of total paper materials
Carbon Offset Investment $475,000
Renewable Energy Usage 42% of total energy consumption

Customer-Centric Approach

EDUC prioritizes customer satisfaction and engagement.

  • Customer Satisfaction Rate: 94.3%
  • Customer Service Team: 56 dedicated professionals
  • Average Response Time: 2.4 hours

Professional Development and Employee Growth

The corporation invests in employee training and development.

Employee Development Metrics 2023 Data
Training Investment $1.6 million
Internal Promotion Rate 37%
Professional Development Programs 12 different programs

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