Target Corporation: Presentation on Business

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Target Corporation
Target Corporation is a mass-market retail firm dealing with large scale food and general merchandise in America. The company operates various discount stores around the country with the corporate headquarters based in Minneapolis at Minnesota (Nolen). Target is one of the largest retailers in the United States. The retailers discount logo of the corporation is familiar in the entire country. Many people living in the United States know about the existence and the efficiency of the company in business operations. The effort and focus implemented by Target corporation exhibit excellent performance through the use of various strategies and techniques in all business operations.
Target is exhibiting excellent performance due to its focus on convenience. The firm has worked toward reaching all the potential customers in the United States by opening many stores in various places throughout the country. "We're shipping from more than 1,400 stores, using them as fulfilment centres," Cornell said on the call (Garcia). The CEO gave this report through a media call, revealing the effort put by the company to meet all the needs of the consumers. Opening and managing such a big number of stores is not easy and for the firm to lead and perform well in the circumstance, the focus must have been towards the most important factor in a business unit, customer satisfaction. The CEO states that all the team members are committed to minimize the cost of production and acquire maximum profits. Although individuals and organizations thought that the stores did not have significance in the e-commerce business world, analysts prove that the outlets have helped in the convenient serving of all the target populations. The firm realized 41% digital growth of sales from the strategy, resulting in a great escalation in the business operations (Garcia). The model of stores used by Target is customer-oriented with innovations that ensure that consumers enjoy digital services. Target follows a significant principle by offering value with convenience in all products to the through the use of advanced technology.
The other reason behind the splendid success of target is venturing in baby and Toy provisions. The company invested in the ever-existing gap in the market, leading to the realization of major profits from the deal. Market research revealed that the existed for a long time and the step by the company to provide the products met unexpected demand, resulting in massive sales. “We’re building momentum in babies and toys, picking up from Toys ‘R’ Us and Babies ‘R’ Us,” Cornell said on the media call” (Garcia). The President reported to the media that the company had both an opportunity and demand for the toys and baby commodities. In this case, the firm did not face competition in setting up the venture. Also, the firm had an assurance of availability of target markets for the goods. Investing in the gap promoted the company to a high level as it increased business assets and also the sources of income. Doing the right thing in the business world has promoted the establishment of Target as the right ventures result in the anticipated levels of income. In addition, the firm provides private labels like Cat & Jack ensure the satisfaction of the target population as the kids enjoy using the products. Also, other companies cannot access the ideas and pose competition because Target provides private innovations, leaving the company as the only provider of the products. The company has managed a desired brand of the products, attracting more customers who want to acquire well-managed assets. The introduction of Toys ‘R’ Us and Babies ‘R’ Us has aided in the establishment and performance of Target Corporation.
The investment of Target on strong consumer spending has promoted the establishment of the Corporation as well. The company creates value to prioritize the needs of their customers by ensuring compliance. In this case, the consumers own the highest position in the company and their desires come first. “Results include accelerating store and online sales, and likely reflect progress across numerous strategic initiatives, from merchandising and brand launches to expanded fulfilment options, and remodels." (Garcia). Despite the realized achievements, the firm is still working towards further satisfaction of its customers to enhance the continuity and performance of the business. Obtaining loyal customers takes a lot of effort and Ta...