As stated on the Target Company web site (Target, 2012) target employs 355,000 employees worldwide. With a large group of employees Target must set standards that help the employees understand and achieve the mission of the company. (Bateman/Snell, 2009) As stated in the online text a standard is the expected performance of a given goal. Internal Audits
In most organizations internal audits are conducted to gauge the performance of the company or identify areas of improvement or future opportunity. As a result of these audits Target has noted on their website some results.
-Fortune magazine ranked target No. 22 on its list of Worlds Most Admired Companies -Forbes magazine ranked Target No. 23 on its list of Americas most reputable Big Companies -Diversity Inc magazine ranked Target No. 44 on its list of Top 50 Companies of Diversity. All of the metrics for these magazines come from some sort of internal audit. Profit and Loss Statement
The profit and loss state for a company like Target who is dependent on the retail consumer shows the actual success of the company. In most retail organizations these profit and loss statements are used to gauge performance per store and award bonus related to that individual stores performance. Feedback control
.In most large retails organizations feedback is provided by the consumer. Managers use this...