The Technology Development Activity At Target Corp.

Target Corporation is a worldwide retail store, this industry has affected multiple competitors closing them down due to economic difficulties. Target decided to make a change on their operation module to boost sales and help them stay afloat. In the 2016 Financial Statement, Target stated that their inventory method that is currently being used. This method is called: Retail Inventory Accounting Method known as (RIM), this method it is common amongst these types of corporations because of it practicality. Target also uses the LIFO method known as Last-In, Frist-Out, this helps them stay on top of their inventory.

Bill Bass, Lands' End's Senior Vice President for e-commerce, believe that Lands' End propriety products, a strong distribution infrastructure, an established brand and sophisticated use of technology will sustain competitive advantage over the competitors. Although, ASI and its use of high-tech technology permit the company to maintain its competitive advantage, the company may face challenges in the area of manufacturing and retail efficiency. The company need an improvement on the integration between its operation and their It. The company spent a lot of money on implementing new technologies such as, on the body scanning system that was discontinued shortly after. The company could build prototypes to try before spending money to implement

Business Assessment An organization must identify its core competencies and strategically align those competencies with its business objectives to achieve success. In fact, C.K. Prahalad and Gary Hamel explained in the Harvard Business Review that the most powerful way for an organization to prevail is for it to “identify, cultivate, and exploit the core competencies that make growth possible” (2000). Lockheed Martin has thoroughly aligned its competencies, business objectives, and key performance indicators, which has undoubtedly contributed to the corporation’s effectiveness.

Target Corporation (TGT) is an international general merchandise and grocery retailer founded in Minneapolis, Minnesota that works to ensure that the customer is provided with the opportunity to purchase a wide variety of goods such as household products, electronics, pharmacy, personal care products, grocery goods, clothing apparel, and sporting goods in order to achieve customer satisfaction at a discounted price in order to remain competitive within the industry. The primary goal for Target is to overcome their various competitors within the industry in order to generate profit through continuous innovation and delivering outstanding value at each Target location in order to be the preferred shopping destination amongst the customer. In

The ToolsCorp Corporation needs to get additional knowledge regarding the goals, age range, state of health, and anticipated expansion of its workforce. It is imperative for a company to prioritize technical progress whether it is growing its operations on a national or global scale. Because technological advancements can affect both the manufacturing and distribution processes, investing in them is critical to the success of the organization. Last but not least, it's essential to communicate with the people you're trying to reach. The internet and various social media platforms are very helpful in this regard.

TASK 3C (P3.3) In this criteria, I will explain how business environment such as political, social, technical, legal and environmental and cultural environment shape the behavior of Target Corporation. First what is cultural environment? It is an arrangement of convictions, practices, traditions and practices that are observed to be common to everybody that is living inside a specific population.

If Target want to be more efficient in the future they need to continue to increase the use of technology and reach out to consumers using the

Know Your Business Environment Unit No. 1: The Business Environment Pervez Ghazi Shaikh Date Submitted: 31/10/2016 Carl Loraine Cruz 20154176   Target is the organization that I have chosen for this assignment. Target is a famous discount retailer in United States that was founded by George Dayton. It was formerly called Dayton’s Company in 1910.

I. Strengths of TARGET Corporation Target Corporation is one of the largest and oldest public discount retailing company operate in the United States. The company founded in 1902’s by George Dayton (as also known as Dayton Dry Goods in 1962’s). Target store has a huge store footprint and enjoys considerable brand recognition. Target’s portfolio of owned and exclusive brands is also its strength, which allow retailer to a valuable differentiating lover in high competitive retail environment.

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).

Best Buy Co. Inc. is a provider of technology products, services and solutions and TechForward is an electronics recycling business that offers guaranteed buyback plans. The buy-back program is a service in which customers can resell devices for store credit for a percentage of its value. Best Buy stole TechForward Inc.’s trade secrets concerning an electronics buy-back program. In 2009, a trial program of TechForward’s Guaranteed Buyback Plan were in several Best Buy stores. Best Buy had promise a partnership with TechForward to obtain the proprietary data.

They also offer training programs to improve their skills and prepare mentally and physically for their responsibilities in the company. Technological Development With the company’s vision of “Meeting needs. Exceeding expectations. ” This means that the response data and Nikon in its core technology center for the collection, research and development.

IT and Technological strategies Throughout the years, McDonalds have managed to improve the services provided to their customers. Some of the credits for this improvement could go to the use of technology in their processes to reduce problems and boost effectiveness. They have included different modes of technology in their systems. One of them being technology assisted service encounter where the cashier has access to the technology used when the customer places an order face to face in store.

iii. Value Management Achieving operational integration with suppliers creates the opportunity for the value management. Value management is more intense than supplier integration strategy. Value engineering, complexity reduction and supplier involvement at the early stages of new product development are few ways of procurement that can work with suppliers to reduce total costs. Value management extends beyond procurement in the organisation and requires cooperation between numerous participants, both internal and external.

Most people today, own one at least one technological device which could be one of the access platforms that form online channels the company may apply for their digital marketing to achieve profitability and retention of customers. Chaffey and Ellis-Chadwick (2012)  state that a digital marketing strategy is constantly needed to provide a sense of direction for an organization’s online marketing activities so that they integrate with its other marketing activities and support its overall business goals. According to Parise et al.