Functional Area Interrelationships Outline
FUNCTIONAL AREA INTERRELATIONSHIPS
By
Beatriz Fajardo, Professor Barbra Hart
BUS 475 Integrated Business Topics
August 23, 2012
Functional Area Interrelationships
Introduction: We will be discussing the organization existence and structure, functional collaboration, lateral and vertical collaboration, and stakeholders. I. Target’s Origins A. History 1. Founded in 1881
George Draper Dayton
Minneapolis, MN
Dayton Dry Goods Company
Mission, Values, Goals 1. Mission Statement: “Our mission is to make Target the preferred shopping destination for our guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling our Expect More, Pay Less ® brand promise.” * “To support our mission, we are guided by our commitments to great value, the community, diversity and the environment.”
Number one preferred shopping store
Deliver the best value, and continued innovation, best brand
Values are delivering the best customer service and continue working with the community
Goals are to keep their promise to Expect More, Pay less
Organizational Structure of Target A. Target uses a functional structure for its organization. 1. This form divides by departments of specialties A. This promotes specialized learning and skill use B. More engagement and concern over specifics of specialties C. Maximizes efficiency within the specialties D. Less concern with the overall business
Target’s organizational chart 1. Steinhafel Chairman & CEO, Gregg – Chairman & CEO A. Scovanner, Douglas – EVP & CFO B. Scully, Terrence – President, Target Financial Services C. Griffith, John – EVP, Property Development D. Kozlak, Jodeen – SVP, Human Resources E. Tesija, Kathryn – SVP, Merchandising 1. Anderson, Stacia – President, Target Sourcing Services 2. Adams, Patricia – SVP, Merchandising 3.
By
Beatriz Fajardo, Professor Barbra Hart
BUS 475 Integrated Business Topics
August 23, 2012
Functional Area Interrelationships
Introduction: We will be discussing the organization existence and structure, functional collaboration, lateral and vertical collaboration, and stakeholders. I. Target’s Origins A. History 1. Founded in 1881
George Draper Dayton
Minneapolis, MN
Dayton Dry Goods Company
Mission, Values, Goals 1. Mission Statement: “Our mission is to make Target the preferred shopping destination for our guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling our Expect More, Pay Less ® brand promise.” * “To support our mission, we are guided by our commitments to great value, the community, diversity and the environment.”
Number one preferred shopping store
Deliver the best value, and continued innovation, best brand
Values are delivering the best customer service and continue working with the community
Goals are to keep their promise to Expect More, Pay less
Organizational Structure of Target A. Target uses a functional structure for its organization. 1. This form divides by departments of specialties A. This promotes specialized learning and skill use B. More engagement and concern over specifics of specialties C. Maximizes efficiency within the specialties D. Less concern with the overall business
Target’s organizational chart 1. Steinhafel Chairman & CEO, Gregg – Chairman & CEO A. Scovanner, Douglas – EVP & CFO B. Scully, Terrence – President, Target Financial Services C. Griffith, John – EVP, Property Development D. Kozlak, Jodeen – SVP, Human Resources E. Tesija, Kathryn – SVP, Merchandising 1. Anderson, Stacia – President, Target Sourcing Services 2. Adams, Patricia – SVP, Merchandising 3.
Cited: Pearce, J.A. II, & Robinson, R. B. (2009). Strategic management: Formulation, implementation, and control (11th ed.). New York, NY: McGraw-Hill Checklist