Beatles

2 Pages 375 Words

There is a saying that a company’s most important asset is its employees, and Target Corporation has embraced that. The corporation has a very low turnover rate in the members of upper management, which creates a healthy environment in the decision making process. A high turnover rate can cause a disruption in the decision making process. Since the stability of upper management remains intact, mostly each member would be used to the creative process, work ethics and style of the next member. It removes the guessing work in the process.
A low turnover rate of upper management also works positively towards the decision-making process. It takes a considerable amount of resources to hire, train and coach a new employee. The process can be very tedious and expensive. The money saved from this can be used elsewhere, and the time can be used constructively in the decision-making process.
Target Corporation also has a large share of the market in the Midwest, which means more recognition for the company. The bottom line is, the more recognized the stores are, the more likely customers would shop there, and that would increase revenue. So, having a large market share would impact the way Target does business. They would perhaps change their existing plans and concentrate mostly on gaining more of the market share, or just focus more on providing better service to their existing market.
Target Corporation has also entered the world of Internet shopping. With the Internet, their customer base is unlimited. They have access to customers all over the world. With such stiff competition on the web, Target may have to change its marketing style to be more competitive. They may also need to change some policies regarding customer service. Since the customers on the other side of the computer and not face to face, that would call for some major changes as to dealing with customers.
Whether an internal factor is a strength or weakn...