Target Corporation Strengths And Weaknesses

771 Words2 Pages

E. Summary of Strengths and Weaknesses Strengths Weaknesses
Management
• Functional management
• Strong and adept management
• Professional and quality-driven corporate culture
• Proper information dissemination within the organization
• Enterprise Risk Management Committee • Functional groups have a tendency to not communicate with each other, potentially decreasing flexibility
Marketing
• Strategic locations that attracts a volume of potential customers
• Provision to expand internationally and in different segments
• Well-designed facilities and top-tier service offerings • Target consumers belong to a smallest segment of the population
• Offerings and marketing are primarily targeted towards the upper class

Finance
• High average cash balances.
• …show more content…

Internal Risk Assessment

Risks Description
Management
Conflicting interest Conflicting interest of the management
Sub-optimization Lack of goal congruence
Force majeure (ex. fire, robbery, etc.) Acts done by the employees of the company
Loss of competitive advantage Tampered reputation
Financial mismanagement Internal control breach
Operations
Employee mutiny Different interests between the management and the employees that can lead to boycott of their work

G. Issues and Challenges Arising from Internal Analyses

The analysis of the company's internal environment is based on the strength, weaknesses, and and the risks tied to it. Bloomberry's using functional structure and this enables the company to be efficient because the employees are grouped together by a function in accordance with their shared skills and knowledge. However, this could also lead to miscommunication and could decrease the Parent Company's flexibility and innovation. Bloomberry is able to prevent this possible problem through providing a proper information dissemination within the organization. They also established an Enterprise Risk Management Committee (ERMC) to ensure and effective and integrated risk management for the

Show More
Related

  • Target's Competitive Strategy Of Target

    729 Words  | 2 Pages

    Target has many competitors in the market, and the level of competition is highly intense. Some of its main rivals are Wal-Mart stores, Home Depot and Costco Wholesale Corp. All of them produce similar products as well as offer almost the same services to their consumers. Naturally, the organization would need a strategy that helps it to stand out and to distinguish it from its competitors, thus, Target 's positioning was based on more than just pricing; it combined quality and style. This was the differentiation strategy that have always been applied since the launch of the organization.

    Read More

  • Target Corporation Case Study

    738 Words  | 2 Pages

    Target must compete vigorously and fairly in the marketplace using our independent judgment to make the best decisions for the Company.

    Read More

  • Stock Analysis of Target Corporation

    1001 Words  | 3 Pages

    Target, the nation's #2 discount chain, now operates more than 1,500 Target and Super Target stores in 47 states, as well as an online business called Target.com. Target and its larger grocery-carrying stores, Super Target, have carved out a niche by offering more upscale, fashion-forward merchandise than rivals Wal-Mart and Kmart. After years of struggling to turn around its Marshall Fields and Mervyns departments stores divisions, the discounter sold them both in 2004. Target also owns apparel supplier The Associated Merchandising Corp. and issues Target Visa and its proprietary Target Card (www.Answers.com/topic/target-corporation).

    Read More

  • Target Corporation - What Makes Them Great

    1425 Words  | 3 Pages

    Nearly everyone is at least somewhat familiar with Target stores; the famous bullseye logo is identifiable all across the United States. With the motto "Expect More, Pay Less", the company suggests that customers can expect more of everything, at more reasonable prices.1 Target's commitment to the consumer, as well as it's employment consideration and management style led Fortune Magazine to name it as one of the Most Admired Companies in 2005.

    Read More

  • The Brand Personality of Target Corporation

    1039 Words  | 3 Pages

    In every given business, the name itself portrays different meanings. This serves as the reference point and sometimes the basis of customers on what to expect within the company. Since personality affects product image (Langmeyer & Shank, 1994), the presence of brand helps in the realization of this concept. Traditionally, brand is a symbolic manifestation of all the information connected with a company, product, or service (Nilson, 2003; Olin, 2003). A brand is typically composed of a name, logo, and other visual elements such as images, colors, and icons (Gillooley & Varley, 2001; Laforet & Saunders, 1994)). It is believed that a brand puts an impression to the consumer on what to expect to the product or service being offered (Mere, 1995). In other application, brand may be referred as trademark, which is legally appropriate term. The brand is the most powerful weapon in the market (LePla & Parker, 1999). Brands possess personality in which people associate their experience. Oftentimes, they are related to the core values the company executes.

    Read More

  • Business Plan for Pepe’s Pizza

    1395 Words  | 3 Pages

    The report finds the prospects of the company in its current position are positive. The major areas of weakness require further investigation and remedial action by management.

    Read More

  • Target Corporation History

    424 Words  | 1 Pages

    One of the largest discount franchises in America wasn’t always recognized as Target, however, as the Dayton Dry Goods Company. Which was founded in 1902 by George Dayton who had an outstanding and extensive seven years of background in real estate. Dayton Company was credited as a family run business with dependable products and a fair business strategy. When George Dayton died in 1938 the business continued to be family run until 1983. With the Dayton management, they expanded into a Department store by including commercial interior, opened in numerous malls, and eventually expanded nationally in the United States.

    Read More

  • Wal Mart and Target Case Study

    1124 Words  | 3 Pages

    Company Selection Paper Team B's assignment this week was to select two different publicly traded companies in the same industry. The two companies will serve as the basis for subsequent team assignments. The two companies chosen for the study are Wal-Mart and Target. This paper provides an overview of each of the selected companies. Date of Company Establishment Wal-Mart was established in 1962 by Sam Walton.

    Read More

  • Target's Value Chain

    856 Words  | 2 Pages

    When looking at Target’s value chain, it is evident that they apply aspects of both design and corporate responsibility while thinking through every decision they make to ensure it lives up to their values and helps the world. Starting at the top, they look at design. Design is what they call the heart of the business. Looking at every detail from the big picture to the small things that make a Target shopping experience, the goal is to do it with greater efficiency, style and smarts. (Corporate Responsibility Report, 2014).

    Read More

  • Torstar Strengths And Weaknesses

    507 Words  | 2 Pages

    The plan will also let them figure out the steps they need to take, in order to attain these goals. Since moving into a greater digital presence, they need to set digital strategies that can allow the organisation to be disruptive, which is a value that Ms. Archbold stated she needed her company to have (Bharadwaj et al., 2013). Strengths and Weaknesses Each business has their own strengths and weaknesses, TORSTAR seemed more prevalent to discuss their many strengths, but were very presumptuous to say that they did not have any weaknesses.

    Read More

  • Target Corporation Organizational Structure

    1233 Words  | 3 Pages

    Target Corporation's strategic structure plans are continuing staffing the organization and assemble a well-talented management team. Also, continue recruiting and retaining employees with the needed experience. Another option is to acquire, develop and strengthen resources and capabilities in performing critical value chain activities to match changing market conditions and customer expectations. Target Corporation needs to explore multidivisional or matrix organization structure to facilitate strategy execution, delegate authority, and managing external relationships (Thompson, Peteraf, Gamble and Strickland, 2016).

    Read More

  • Case Study: The Competitive Profile Matrix

    835 Words  | 2 Pages

    3 0.36 4 0.48 2 0.24 Financial position 0.10 3 0.30 4 0.40 3 0.30 Profit Margin 0.11 3 0.33 4 0.44 3 0.33 Consumer loyalty 0.10 3 0.30 3 0.30 2 0.20 Value added services 0.06 3 0.18 3 0.18 2 0.12 Price Competition 0.10 3 0.30 3 0.30 3 0.30 Technology 0.06 3 4 0.40 4 0.40 3 0.30 TOTAL 1.00 3.35 3.43 2.57 This comparative analysis provides important internal strategic information. Numbers reveal the relative strengths of firms, but their implied precision is an illusion. Key performance indicators Source: TRAI, Crisil Research 1.

    Read More

  • Resources and Capabilities Report: McDonald´s

    1805 Words  | 4 Pages

    First you need to identify the organization’s internal and external resources, organization’s strengths and weaknesses as compared to its competitors and the opportunities it has for better utilization of resources.

    Read More

  • Why WP Should Apply ERM for Stakeholders

    923 Words  | 2 Pages

    The ERM frame helps every people in WP to have a good sense of risk management from every level. A positive risk management environment will be established in WP. This business culture can help the Board to control the risk.

    Read More

  • The Five Steps Of Risk Management In Coca-Cola

    965 Words  | 2 Pages

    As the first step, identify potential risks plays a crucial role in the risk management process. The core purpose of identifying risk is to figure out causes of risk and analyze result caused by the risks and its probability . Hence, risk identification can begin with the source of problem, or with the problem itself. The chosen method of identifying risk may depend on culture, industry practice and compliance. The identification

    Read More

More about Target Corporation Strengths And Weaknesses

Open Document