Ask Operation Management Expert

Target is the U.S. third-largest retailer after Walmart and Costco, but in the last decade it has seen its earnings drop from $3.2 billion to $1.5 billion (in 2014) with net income as a percentage of sales similarly dropping from 4.6 percent to 2 percent during this period.

These were key elements of the context into which Brian Cornell arrived in August 2014 as Target's new CEO. Since arriving, some of the actions that Brian has taken include:

1. He made an impromptu and incognito visit to a Target store in Dallas to talk to cus tomers. Unrecognized by store employees or customers, he sought candid opinions from shoppers. This was a surprise to Target executives because it was a significant departure from normal practice.

Prior to Cornells arrival, store visits did occur supposedly as intelligence-gathering exercises-but they were "meticulously planned affairs, only less formal than, say, a presidential visit," with the store managers notified in advance and "the 'regular shoppers' handpicked and vetted" (Wahba, 2015, p. 86).

2. When he first arrived at Target's headquarters (in Minneapolis) he was allocated the newly refurbished CEO's suite, but he insisted that he be moved to a smaller office close to Targets global data nerve center.

The 10 staff in this center monitor live feeds from social media including Pinterest, Facebook, and Twitter-and TV stations for stories/information on product launches, customer comments, and so on. The nerve center staff watch these media on large screens and use software to aggregate data for later analysis.

3. With the intention of putting pressure on Amazon and Walmart, he changed Target policy to one offering free shipping for online orders during the holidays, a "decision that was made in a matter of days rather than the months it would have taken in the past" (Wahba, 2015, p. 88).

4. It is not unusual for him ask colleagues about their "work-life" balance and especially their workout habits. He encourages colleagues to take time for fitness activities and "isn't the type who exalts the machismo of outlandish hours" (Wahba, 2015, p. 88).

Cornell relaxed the company's dress code and eats in the company café, where he mixes with staff. He has moved the company's recruitment policy to change the situa¬tion where Target was "long populated by lifers" to one making more effort to "recruit outsiders with fresh ideas" (Wahba, 2015, p. 94).

Consider the proposition that managers' actions have symbolic meaning and will be interpreted (by other organizational members) in this way:

1. What do you see as the symbolism associated with Target CEO Brian Comell's actions?

2. If you were a Target employee, what might you conclude about the nature of the change happening in Target?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92628444

Have any Question?


Related Questions in Operation Management

Conflictdefine functional versus dysfunctional conflict in

Conflict Define functional versus dysfunctional conflict in a work group and explain how you can increase functional conflict and decrease dysfunctional conflict. Develop a response that includes examples and evidence to ...

For this assignment you will need to find 2 articles in

For this assignment, you will need to find 2 articles in business that can help describe what are IT strategic initiative being undertaken by an organization are like. Choose a different organization for each of the arti ...

Coping with problems joe is a little nervous he has just

Coping With Problems Joe is a little nervous. He has just been transferred from another plant to take over a production line. Production is down and there is a serious problem with absenteeism. To make matters worse, the ...

Over 30 years ago michael porter identified a holistic

Over 30 years ago Michael Porter identified a holistic approach to understanding how competitive forces shape strategy. He posited that the only way to truly insulate an organization from underlying economic volatility i ...

You are the contracting officer for an air-to-ground

You are the contracting officer for an air-to-ground missile development program. A contract for pre-production models of the missile was awarded by your predecessor and the contractor is behind schedule. In a program me ...

The ikea case provides an excellent opportunity to apply

The IKEA case provides an excellent opportunity to apply strategic management concepts to a large privately-held company that is expanding into India. IKEA is a Netherlands-based Swedish company with a presence in 44 cou ...

Can you answer for me the following questions about social

Can you answer for me the following questions about social loafing and the three main causes of free-riding. 1. Give a description of the phenomenon of social loafing. 2. Give a description of the phenomenon of free-ridi ...

1 analyzing the bridgestonefirestone and ford motor company

1. Analyzing the Bridgestone/Firestone and Ford motor company, is it sufficient to use the ISO/QS 9000 standards as the main basis of vendor/product selection? 2. What position to these cars company ( 1. Volkswagen, 2. F ...

Research the effect of primary and secondary seat belt laws

Research the effect of primary and secondary seat belt laws on the occurrence of motor-vehicle injuries and fatalities. Explain how epidemiologic studies influenced the development of current seat belt laws. Describe how ...

Please provide a brief paragrap of the key takaways from

Please provide a brief paragrap of the key takaways from each of the following topics: Designing Clear Visuals in business reports Designing Successful Documents and Websites Writing Winning Proposals

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As