Environmental Analysis of Target Inc.
Running head: ANALYSIS OF TARGET INC.
Environmental Analysis of Target Inc.
Team B
Contemporary Issues in Leadership and Management
MM590
October 9, 2006
Abstract
Team B conducted an Environmental Analysis and an Industry Analysis of Target Inc. In the Environmental Analysis, competition for customers is always a threat in any business but the success of Target is always looking for new opportunities. The Target Inc. analysis found that competition with the “big box” stores including the availability of substitute products and threats of new entrants are keys to their success. The analysis of the remote environment found new regulations and shifting demographics influence Target’s success. Falling petroleum prices, confidence in the stock market and families migrating from the city to rural areas were the result of the Industry Analysis. .Our recommendations for overcoming the threats and capitalizing on the opportunities were to increase internet shopping, become move competitive in smaller towns, globalization, and allow the Salvation Army to silicate donations during the holidays.
Environmental Analysis of Target Inc. Team B conducted an Environmental Analysis and an Industry Analysis of Target Inc. to identify opportunities and threats that may arise in the near future. In this research paper, the team will evaluate the findings and provide recommendations for responding to the issues and opportunities that Target stores face.
Environmental Analysis of Competition An analysis of the competition indicates there is availability of substitute produces and threats of new competition entering every year. The retail industry provides steady competition among business and within departments of the organization. Target offers a wide variety of products and services, which leads to an immense competition pool. The organization provides services with photo development, pharmaceutical, prepared food with some locations having chain
Environmental Analysis of Target Inc.
Team B
Contemporary Issues in Leadership and Management
MM590
October 9, 2006
Abstract
Team B conducted an Environmental Analysis and an Industry Analysis of Target Inc. In the Environmental Analysis, competition for customers is always a threat in any business but the success of Target is always looking for new opportunities. The Target Inc. analysis found that competition with the “big box” stores including the availability of substitute products and threats of new entrants are keys to their success. The analysis of the remote environment found new regulations and shifting demographics influence Target’s success. Falling petroleum prices, confidence in the stock market and families migrating from the city to rural areas were the result of the Industry Analysis. .Our recommendations for overcoming the threats and capitalizing on the opportunities were to increase internet shopping, become move competitive in smaller towns, globalization, and allow the Salvation Army to silicate donations during the holidays.
Environmental Analysis of Target Inc. Team B conducted an Environmental Analysis and an Industry Analysis of Target Inc. to identify opportunities and threats that may arise in the near future. In this research paper, the team will evaluate the findings and provide recommendations for responding to the issues and opportunities that Target stores face.
Environmental Analysis of Competition An analysis of the competition indicates there is availability of substitute produces and threats of new competition entering every year. The retail industry provides steady competition among business and within departments of the organization. Target offers a wide variety of products and services, which leads to an immense competition pool. The organization provides services with photo development, pharmaceutical, prepared food with some locations having chain
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