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Summary: Company Overview Of Target Corporation

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AN ORGANIZATIONAL ANALYSIS OF TARGET
Timothy Hartel and Elliott Lipe
ORG 620
Dr. Jose Perez
February 10, 2023

Contents

Abstract……………………………………………3
Concept 1………………………………………….4
Concept 2…………………….……………………5
Concept 3………………………………………….6
Concept 4…...……………………………………..7
Concept 5……...…………………………………..8
Concept 6……...…………………………………..9
Application.…….…………………………………10
Works Cited…….……………….………………..13

Abstract
Target Corporation began its rise to a major corporation and household name in May of 1962. Starting with their first store in Roseville Minnesota, Target has seen outstanding growth in the past six decades with 1,948 locations in all fifty states, employing over 400,000 team members. Known as a “big box” retailer, Target …show more content…

Technological control is “the implementation of various forms of organizational technology to control worker productivity”(Mumby 2019, p. 15), and it helps organizations like Target to track and measure worker output. While it can improve some aspects of production, it can harm or complicate other aspects. Technological controls can take the workers autonomy over their rate of production and give it almost completely to management. This can severely limit worker creativity, and instead of doing meaningful worth they become another tool that management uses to meet their goals. The lack of creativity, just like in the absence of chaos, can limit innovation. An example of these controls in the Target stores is software like troubleshooting …show more content…

Target’s corporate website has an abundance of articles that promote the steps they have made in this area. One specifically is this article I found where the Target Corporation will observe Juneteenth as an annual holiday within their organization. The article reads,
“In 2020, Target formally acknowledged Juneteenth – the oldest nationally celebrated commemoration of the ending of slavery in the United States — as an official annual company holiday. Target took this step as part of our commitment to advancing racial equity and social justice, giving our team space to celebrate and honor the day in their own way” (Target Corporate,

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Target Corporation is the second largest discount store retailer in the United States following Walmart. Target provides high-quality, trendy merchandise at logical prices. As of today, Target has more than 1800 retail stores and 38 distribution centers in the United States. The first official store was opened in 1962 in Roseville Minnesota and have thrived every since. I will be analyzing Target’s financial statements and communicating the results to our decision makers (Target 2017).

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Due to this change, organizations like Target are being forced to change, but Target has been criticized for taking too long to implement changes. During a meeting held, CEO Brian Cornell mentioned that target spends too much money keeping a big bureaucracy. As mentioned in the article, what at one time was considered a positive innovation to the company is now causing negative effects and changes need to be made. This article mentions that Target spends too much time and money trying to make the workplace fun, fast, and friendly (Schafer: Target's challenge is to reinvent workplace culture,

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After working in banking and real estate, native New Yorker, George D. Dayton decides to explore Midwest markets. Dayton notices Minneapolis offers some strongest opportunities for growth and so decides to purchase land on Nicollet Avenue and forms Dayton Dry Goods Company – today known as Target Corporation (“Target through the Years”). “Target Corporation is an upscale discount retailer that provides high-quality, on-trend merchandise at attractive prices in clean, spacious and customer friendly stores” (“Corporate Fact Sheet”). Today, target operates 1,829 stores in United States, which has enabled the company to grow to the top of the retail store market. It has implemented various techniques and strategies to constantly improve and ensure the effectiveness and efficiency of all operations (“Corporate Fact Sheet”).

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A genuine and brief introduction about target{h2} Are you here to know more about your favorite brand? Target https://www.target.com/ is one of my favorite stores for all my household requirements as a prevalent shopper. Target is a well-known retail brand that sells everything from clothes and accessories https://www.target.com/c/clothing-shoes-accessories/-/N-rdihz to groceries https://www.target.com/c/grocery/-/N-5xt1a and all home related products https://www.target.com/c/home/-/N-5xtvd. Target https://www.target.com/ has become a household name and a vital shopping destination for many, with over 1,900 physical stores in the United States and a massive audience at their online website.

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Purchasers need to know whether they purchase safety and subjective merchandise or serve. Target Corporation definitely ought to ensure what they produce and sell. Promoting and marketing likewise have a place here because numerous associations usually guarantee a lot on advertisements yet in all actuality, products are not as they were portrayed. This focuses are composed in enactment of legislation and Target must tail them.

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“Strong brand positioning and large market share. ”-In the United States, Target is well-known, has a substantial market share in the retail sector, and has a devoted following of consumers. Target was initially marketed as a network of middle- to high-class department stores. However, the business has made its stores more accessible

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Target differentiates itself from competitors by selling a wide range of higher quality products for a modest price, and by having a pleasant ambiance inside its physical stores. By having reasonably priced items, Target makes sure that they attract customers into the store and keeps the customers in and shopping with the warm atmosphere and clean surroundings, The first draw to consumers is that Target stocks and sells items of superior quality and recognizable brand names compared to other competitors such as Walmart or Kroger. The prices of those products are proportionate to their quality and yet are reasonable in order for as many customers as possible to have access to the products. However, even though there is a higher price, the amount paid is an exchange for items with a greater lifespan and durability.

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Nationwide improvement and building of Target store Target started expanding in the late 70’s and was a leading store it was getting selected as. As a leader in consumer good providers Target is mentioned to be efficient in dealings that are necessary for making a mark on its position and having a top notch in comparison to other stores that provide online access to customers all over the world. The expansion of the company was focused in 1982 in the US and people had a rush towards development of this store to get proper focus with the intention of getting most number of customers buying from the store. Target is a trusted name and can be adhered to when people have a requirement of getting items rarely found in retail store where people go

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