Target Organizational Functions of Managment
Organization Functions of Management
The Target Corporation
Management 330
8 September 2011
Target’s Organizing Function of Management
Target’s organization is an essential part of the business structure in the United States. “Target’s mission is to be the preferred shopping destination for customers Online and In-Store by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling their Expect More - Pay Less ® brand promise. To support their mission, Target is guided by their commitments of great value, the community, diversity and the environment” (Target.com). As a company, Target has several undertakings, which include tasks, responsibilities, marketing and services that they provide to its customer base. In line with these missions, tasks, and responsibilities, Target follows specific business rules and business plans to ensure its’ company’s long range and short range strategies are effective and are on track with the evolving and ever changing sales market. These strategies are then used in the execution of new projects; Target’s organizing function of management is established through its internal organizational structure. Target believes that in order to become the number one provider or supplier of manufactured goods it needs to focus on labor divisions, internal coordination, control of tasks and assets, and flow of information within the company. In addition, Target’s strategic plan involves having the necessary resources available in order to carry out its short range business plan. Company leadership believes that creating structure, setting up and keeping good business practices while supplying the resources needed to accomplish their set goals will guarantee success in today’s competitive business arena. In relation to other super convenience stores, such as Wal-Mart and Kmart, the organizing function of Knowledge is important for it enables each of these super convenience stores
The Target Corporation
Management 330
8 September 2011
Target’s Organizing Function of Management
Target’s organization is an essential part of the business structure in the United States. “Target’s mission is to be the preferred shopping destination for customers Online and In-Store by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling their Expect More - Pay Less ® brand promise. To support their mission, Target is guided by their commitments of great value, the community, diversity and the environment” (Target.com). As a company, Target has several undertakings, which include tasks, responsibilities, marketing and services that they provide to its customer base. In line with these missions, tasks, and responsibilities, Target follows specific business rules and business plans to ensure its’ company’s long range and short range strategies are effective and are on track with the evolving and ever changing sales market. These strategies are then used in the execution of new projects; Target’s organizing function of management is established through its internal organizational structure. Target believes that in order to become the number one provider or supplier of manufactured goods it needs to focus on labor divisions, internal coordination, control of tasks and assets, and flow of information within the company. In addition, Target’s strategic plan involves having the necessary resources available in order to carry out its short range business plan. Company leadership believes that creating structure, setting up and keeping good business practices while supplying the resources needed to accomplish their set goals will guarantee success in today’s competitive business arena. In relation to other super convenience stores, such as Wal-Mart and Kmart, the organizing function of Knowledge is important for it enables each of these super convenience stores
References: http://www.accountingcoach.com/terms/M/monetary-asset.html http://www.investopedia.com/terms/p/physicalasset.asp http://www.target.com/