Target
Summary of the Firm
Target is a general merchandise retailer that competes in the discount segment of the market. Target has stores in every state except Vermont, and next year the company will be expanding into Canada, adding 125 to 135 stores in that market. Including U.S. expansion, Target will grow around 10% in the next year. Target competes as a cost leader, pitting it against almart and K-Mart as direct competitors, and more broadly against other major retailers ranging from warehouse stores to department stores, discounters like Marshalls, or online retailers like Amazon. The key success factors for Target include operational excellence that allows it to remain price competitive, real estate selection, and the ability of Target to differentiate itself from other retail outlets.
Profitability
In the discount retailing industry, firms generally operate on a model that emphasizes delivering low costs to the customer. Thus, companies have very slim margins and profits…...
mlaWorks Cited:
Loth, R. (2012). Financial ratio tutorial. Investopedia. Retrieved December 3, 2012 from http://www.investopedia.com/university/ratios/#axzz2DpuKLUrO
MSN Moneycentral. (2012). Target Retrieved December 3, 2012 from http://investing.money.msn.com/investments/stock-income-statement/?symbol=TGT
Sears Form 10-K FY2012 Retrieved December 3, 2012 from http://www.searsholdings.com/invest/docs/SHC_2011_Form_10-K.pdf#pagemode=thumbs&page=1&zoom=100,0,0
Target 2011 Annual Report Retrieved December 3, 2012 from https://corporate.target.com/annual-reports/2011/images/company/annual_report_2011/documents/Target_2011_Annual_Report.pdf
The Dayton Company opened a single branch called Target in 1962. The flagship store's mission was "to take the best-quality merchandise of a high-end department store's 'bargain basement' and sell it in a standalone shop," (Schlosser, 2004). ight from the start, Target branded itself as a cut above other discount retailers and set their prices accordingly. Within eight years, the company was able to open 17 stores totaling $200 in sales (Scholsser, 2004). Target could not have been so successful even in its early years without establishing a strong company culture. That company culture continued to define Target's identity as being essentially distinct from that of Wal*Mart or K-Mart. The story of Target's beginning and evolution as a retailer is one of the key ways the organizational culture is perpetuated and new employees socialized.
ituals are another way that organizational culture is sustained. At Target, there are rituals that introduce…...
mlaReferences
"A Peek into Target's Corporate Culture," (2008). Retrieved online: http://groupynetwork.blogspot.com/2008/04/peek-into-targets-corporate-culture.html
Jensen, M. & Nichols, J. (n.d). Target Corporation. Retrieved online: http://www.pacret.com/upload/press/59.pdf
Schlosser, J. (2004). How Target does it. CNN/Fortune. Retrieved online: http://money.cnn.com/magazines/fortune/fortune_archive/2004/10/18/8188073/index.htm
Target (2013). Culture. Retrieved online: https://corporate.target.com/careers/culture
Target Geelong Staff Layoffs
Target employee redundancies in Geelong: Ethical and corporate governance dilemmas
Ethical dilemmas for Target
Kantian Model of ethical thought
Principle of rights theory
Stakeholder theory & Target's downsizing in Geelong
Managerial insights
Target employee redundancies in Geelong: Ethical and corporate governance dilemmas
Corporation and large enterprises have faced ethical and corporate governance dilemmas due to staff layoffs and redundancy programs. Target Australia is one such brand that has recently faced this dilemma. Due to increased operating costs and decreasing sales, many in retail and manufacturing industry had to close their operations in developed countries. While such decisions are not easy to make, there are many ethical dilemmas and implications involved in businesses making downsizing decisions.
Background
In early May, 2013 Target started experiencing decreased sales and increasing stocks of unsold products. This caused the management to initiate a downsizing program in its head office at Geelong and as an initial measure; the company's managing director Stuart…...
mlaReferences
Baxendale, R 2013. 'Tears as hundred lose their jobs in Target restructure'. The Australian, Accessed on 7 July 2013, [ http://www.theaustralian.com.au/news/nation/tears-as-hundreds-lose-their-jobs/story-e6frg6nf-1226662315162 ]
Donaldson, T & Preston, LE 1995. 'The stakeholder theory of the corporation: Concepts, evidence, and implications'. Academy of management Review, vol. 20, no. 1, pp. 65-91.
Freeman, RE 2010. 'Strategic management: A stakeholder approach'. Cambridge University Press.
Garcia, FJ 1999. 'Global Market and Human Rights: Trading Away the Human Rights Principle', The. Brooklyn Journal of International Law, vol. 25, p. 51.
It is presumed that these personnel will bear the brunt of the added pressure of daily deadlines so care must be taken to ensure that enough personnel are hired and trained to understand and cope with those pressures.
Thirdly, a step should be taken to implement an action plan that will take into consideration any problems or hinderances towards reaching the objective, address those concerns and provide solutions to them. This document provides many of the steps and the preparatory information necessary to formulate that action plan.
The action plan should define the steps necessary for accomplishing the objective and should include deadlines for achieving those steps. As this formula is followed it ensures the success of the venture. For example, the action plan details who should be hired, how the product will be moved through the system, who is responsible for each and every step along the way, and how…...
mla
In this aspect, Israel is one of the most active countries in targeted killings which have resulted in significant victories against their enemies but only for a short time: the killings of Abd al-Aziz al-Rantisi and Sheik Ahmed Yassin in 2004 or Yusuf al-Najjar in 1973 have not destroyed the significant of neither Hamas or Fatah -- to enumerate just three of the many targeted killings.
In the case of Osama bin Laden, his killing has obviously weakened the organizational structure and chain of command of al Qaeda. Together with the elimination of other leaders it has created severe fractures in the power of the terrorist activities, but, in the same time, has created a large number of martyrs, which help these type of organizations to gather more and more followers.
Various question appear therefore regarding targeted killings from an international law perspective, as well as one from a morality point-of-view.…...
mlaBibliography
Lonsdale, David. The Nature of War in the Information Age. Routlege, 2004
Hunter, Thomas. Targeted Killing: Self-Defense, Preemption, and the War on Terrorism. BookSurge Publishing; 1st edition. 2009
Melzer, Nils. Targeted Killing in International Law. Oxford University Press. 2009
W.W. "The ethics of realpolitik and assassination," The Economist, May 4, 2011.
Target
International Expansion in Retail -- Target
Target is one of the dominant big box retailers in the United States. The company's total sales and diluted earnings per share reached new highs of $72.0 billion and $4.52, respectively in 2012 and it invested $3.3 billion of capital in its U.S. And Canadian businesses, and also returned over $2.7 billion to our shareholders through share repurchase and dividend payments (Target Corporate, 2013). And our full-year results were right on track with our Long-Range Plan to reach at least $100 billion in sales and $8 in earnings per share in 2017.
The company has been an innovator in many key retail areas. One such innovation has led Target to be known as the "purveyor of cheap chic" as it has found clever ways to offer creative designs by partnering with different designers and artists to provide these goods at a discount to Target's customers. They…...
mlaWorks Cited
Peter, T. (2008). Target reconsiders supply-chain strategy. Journal of Commerce, 46.
Peterson, H. (2014, May 8). 5 Reasons Why Target Canada Is A Disaster. Retrieved from Business Insider: http://www.businessinsider.com/targets-international-expansion-2014-5
Shaw, H. (2014, September 22). Target Canada prices drop lower than Walmart's, study finds. Retrieved from Financial Post: http://business.financialpost.com/2014/09/22/target-canada-prices-drop-lower-than-walmarts-study-finds/
Target Corporate. (2013). Annual Report 2012. Retrieved from Target Corporate: https://corporate.target.com/_media/TargetCorp/annualreports/content/download/pdf/Annual-Report.pdf?ext=.pdf
he information provided for discussions with this particular company will consist of the following; sales at the end of fiscal year 2005 were $51,271 (in millions) as compared to $29,462 at the end of 2000. his growth portrays the strong sales revenue necessary to pay the interest and principal payments on any loans. he corporation's net interest expense has also fallen dramatically and is at the lowest point it has been since 2001. At the end of fiscal year 2005 it was 463 (in millions) versus 570 from the previous year. arget also remains strong in EBI with a 8.2% and its dividends have growing strongly each year as well. In fiscal year 2000 the annual dividend was.215 per share and it currently is.38 per share (as of fiscal year 2005).
he year end receivables rose over 12% in 2005 and now totals approximately $6,117 millions, mainly from credit card…...
mlaTarget Corporation also has a philosophy that seeks to manage its debt and equity ratios which is evidenced by the fact that it has repurchased over $5 billion of its common stock during the last couple of years, as well as maintaining its short- and long-term debt maturities, so that they all do not come due at the same time, putting pressure on any cash flow.
Cash flow is one other event that has been a very positive and strong point for the corporation. Cash flow provided by operations increased to $4,451 million in 2005. In 2004 cash flow figures were at $3,808 million. The increase was due primarily to higher earnings from continuing operations. This is an ongoing trend as evidenced by the numbers from 2001 through 2005. In 2001 cash flow was at $2,601 million, grew to $3,188 million in 2003 and is at $4,451 as of the end of fiscal year 2005. Projections for continued growth in cash flow are estimated to be 12.3% per year.
Target's debt management philosophy seeks to ensure liquidity and access to capital markets, and it does this by minimizing the cost of borrowing. With these ideals in mind, both options look appealing, and both are viable. Which option is ultimately chosen will depend on the cost involved, and Target should seek (as it normally does) to keep such costs at a minimum.
They too will be offered the opportunity to sell some of their products or services in the hotel through a written contract that insures both parties will make lots of money.
A project that I will be single, and in an area where there is an equal number of men to women that will provide a suitable dating atmosphere. This area will have an ample number of eating establishments, and places for entertainment. There probably will not be a large population of families in the area, except those visiting the area from another city/state or country. The market will be relatively stable in the hospitality and entertainment industry, with substantial room for growth and development. I believe that although I may only be able to build one hotel in the period, there is a possibility I will own other buildings and business within the five years as long as the…...
Target Values
My Time at Target: Developing Personal and Workplace Values
Values are something that every individual and organization has, whether or not they know they have them and/or consciously utilize them. They are the ways that all entities decide how to act, and while typically we associate the term "values" with "good values" someone could -- and many do -- value money over fairness, or pleasure over responsibility, etc. That is, simply having "values" does not mean acting in a good way, but rather defining what values a person holds and what level these values have relative to each other and to the actins one takes. In addition, though everyone individual and organization has values, values are also something that can be consciously and continually developed, refined, adjusted, and even changed. My own experience in the workplace, through my interactions with customers, workers, and the company's expressed and demonstrated values helped…...
mlaReferences
Target. (2012). Accessed 6 May 2012.
http://sites.target.com/site/en/company/page.jsp?contentId=WCMP04-031699
Target Segment
With a population of 4,421, median age of 59.6, median income $42,000, consumer spending 93 mm, and consumer spending per household $40,963, the represented target segment is a mature years life stage. The population is a low density small area. These are small towns and rural areas that include exurbs, towns, farming communities, etc. (PRISM Social Groups, 2011).
This is a mature year's group because the median age is over 55. It represents households that are empty nest, mature couples that may not have children in the home. Although, they may have children that have left and returned home. With the area having a low density, it represents a small town that is mostly farmers, although small business is present to meet the needs of the community.
The mature town and rural group is all about money and brains, are affluent, conservative, cautious, and sustaining kind of folks. They tend to…...
mlaBibliography
Customer Lifecycle, LLC. (2013). Predictive Segmentation Enables Optiminal Targeting of Your Customer Database. Retrieved from Green Book: http://www.greenbook.org/marketing-research.cf...timal-targeting-of-your-customer-database-34754
PRISM Social Groups. (2011). Retrieved from SDRS: http://www.srds.com/frontMatter/ips/lifestyles/reports/prism.html
Target
IV. Decision Making
A. Decisions. One of the most important parts of ethical decision making is to ensure of two things. The first is that the relevant decision makers understand their role in verifying the ethics of the decisions that the senior management team makes, and the second is that they are given the opportunity to do so.
Starting with the latter, once the organization has defined its ethical character, it can use this as guidance for decision-making. The vast majority of decisions that any business will make are not going to require any ethical analysis, but every now and again somebody in the organization will be faced with a decision that is not 100% clear in terms of its ethics. These are the types of situations where an organization needs to provide some sort of guidance or process for evaluating the decisions. Arguably, this starts with the mission statement, vision statement…...
mlaReferences
Target (2016) Continuing to stand for inclusivity. Target.com Retrieved April 14, 2019 from Target 2018 Corporate Responsibility Report. Retrieved April 14, 2019 from https://corporate.target.com/_media/TargetCorp/csr/pdf/2018_corporate_responsibility_report.pdfhttps://corporate.target.com/article/2016/04/target-stands-inclusivity
Project Costs Expanding Target’s online presence will require work on several fronts. First, the company will need to expand the size of its web team, The current team is built mainly to maintain the current website and social media, but this new project is a capital project that requires new incremental investment. The total cost for the needed team is expected to be around $200,000, hired on a contract basis, along with redeployment of existing resources, in order to ensure that the project does not create any problems or issues for the existing web infrastructure. There will also be ongoing needs for two marketers, at a cost of $80,000 per year total. In addition, Target is building some other functionality, including new cybersecurity measures, into this project. The company has already made massive cybersecurity investments in the wake of the 2013 breach. The new cybersecurity investments will be done concurrently with…...
mlaReferences
Hazrati, V. (2011) IT projects: 400% over budget and only 25% of benefits realized. InfoQ.com. Retrieved April 15, 2019 from Teamwork (2016) 6 obstacles to any project and how to clear them. Teamwork.com. Retrieved April 15, 2019 from https://blog.teamwork.com/6-obstacles-project-clear/https://www.infoq.com/news/2011/10/risky-it-projects
Forces Shaping Operations Management Operations management at Target has been driven by two main forces, competitive forces and technological change. The two work in concert with one another, so it is necessary to understand both. First, competition in Target’s industry is highly intense. The company is positioned as an mass market retailer, with a wide range of goods and an omnichannel strategy. Its most critical competitor is Wal-Mart, but the reality is that Target competes with a wide range of retailers. If a person wants groceries, clothes, cosmetics or kitchen supplies, they could go to Target or Walmart, or any of dozens of other stores, or shop online. So in that sense, competition is intense. Target competes as something of a cost leader – it has actually positioned itself a step above cost leaders, as a company that offers better value than the goods at the absolute cheapest stores, but still…...
mlaReferences
Bhattacharyya, S. (2018) Cost of doing business: Target’s e-commerce sales growth means higher logistics costs. Digiday UK. Retrieved April 1, 2019 from Lopez, E. (2018) Why 2018 is the year of modernization for Target. Supply Chain Dive. Retrieved April 1, 2019 from https://www.supplychaindive.com/news/data-target-optimizes-supply-chain-inventory-logic/524971/Target (2017) Investing to grow: Target commits more than $7 billion to adapt to rapidly evolving guest preferences. Target.com. Retrieved April 1, 2019 from https://corporate.target.com/article/2017/02/financial-community-meetinghttps://digiday.com/retail/target-e-commerce-sales-growth-higher-logistics-costs/
Unfortunately, in comparison to some of its competitors, like al-Mart and dollar stores, because Target does not offer rock-bottom prices, but strikes a balance between quality and low prices, its fortunes have been suffering as of late. Also, it has chosen to emphasize less necessary goods like clothing and home goods, to create its image of giving an exceptional shopping experience, as well as being a place to pick up a box of cornflakes. But for that reason as well, consumers have been more likely to patronize stores that focus on basic necessities like al-Mart, when they must prioritize their needs (Gregory 2009). Consumers do not merely want to 'pay less,' now, they want to pay the lowest prices possible.
orks Cited
Gregory, Sean. (2009). al-Mart vs. Target: No contest in the recession. Time Magazine. Retrieved May 13, 2009 at http://www.time.com/time/business/article/0,8599,1885133,00.html
Our Mission. (2009). Target: Company. Retrieved May 13, 2009 at http://sites.target.com/site/en/company/page.jsp?contentId=CMP04-031699...
mlaWorks Cited
Gregory, Sean. (2009). Wal-Mart vs. Target: No contest in the recession. Time Magazine. Retrieved May 13, 2009 at http://www.time.com/time/business/article/0,8599,1885133,00.html
Our Mission. (2009). Target: Company. Retrieved May 13, 2009 at http://sites.target.com/site/en/company/page.jsp?contentId=WCMP04-031699
Targeted Home Consumer
When selling a product, an organization's sales department has to be extremely careful while trying to consider which best approach to use when selling. Therefore, the sales department finds that it is better for the product to be sold in the commercial market other than using the home customer approach. The commercial market has a significant advantage over the home-consumer selling because many people are likely to purchase the product in an open consumer or commercial market. When taking the product from door to door, many people are not comfortable with the exercise, and there is a general believe that the product maybe fake or of a low quality.
New markets are the upcoming markets that were not in existence before, and they have a greater potential then those that were in existence before. For instance, this market is probably a new institution has been opened like a university,…...
mlaReferences
Doyle, P. (2000). Value-based marketing: marketing strategies for corporate growth and shareholder value. Chichester: Wiley.
Hingston, P. (2001). Effective marketing. London: DK.
Marketing handbook 2006 (16th. ed.). (2006). S.l.: Hollis Pub..
Based on an understanding of the facts about immigration in the modern-day United States, this would be a good topic for a thesis statement on immigration reform: Modern immigration rules and laws favor immigrants from some countries over others and place a significant financial burden on prospective immigrants and on those who would sponsor them; removing some of those financial burdens would incentivize legal immigration and therefore reduce the number of people seeking to enter the country as undocumented immigrants, helping resolve the country’s undocumented immigrant problem.
Before trying to write a thesis statement about immigration reform, it....
One of the cornerstones of the idea of liberty and freedom, especially when viewed from a religious perspective like Thomas Merton’s, is the idea of free will. Whether human beings truly have free will is a surprisingly divisive philosophical question that, by design, must consider questions like natural versus nurture, motivation, the influence of society on people, and even the nature of good and evil (O’Connor). However, the idea of free will is central to Christianity and also to Merton’s explorations of liberty and freedom in a Christian context.
Using the concept of free will to explore the....
If we were writing an ocean pollution essay, after presenting facts about ocean pollution we would almost certainly want to discuss solutions. Ocean.now is one of our favorite organizations to look at for solutions about ocean pollution because it provides strong science-based information about ocean pollution, as well as easy action points that people can take to help address the problem. We love the idea of providing solutions because an essay that just gives facts about ocean pollution is going to be overwhelmingly depressing because ocean pollution and the havoc that it has caused the environment are,....
Choosing how to start your essay on deviance depends on the type of essay you are writing and the type of coursework you are trying to complete. Deviance is a broad topic that is covered in many of the soft sciences, including (but not limited to) sociology, psychology, and criminology. It is also discussed in the humanities, particularly philosophy and history. Therefore, we would probably begin the essay with two things: a definition of deviance and an explanation of how that definition fits into the context of the essay we are writing.
Generally, deviance is a sociological concept....
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now