Target Overview (About, Mission, Vision, Values, Principles)
Target Mission Statement: Target’s mission is “To create Target the top shopping destination for our guests through providing superior value, continual improvement, and a superior guest experience .” We do this by continuously delivering our expectations. Pay Less.
Brand promise.” With this declaration, it is apparent that Target is a firm that aims to be a top-performing business or market leader in the retailing industry by distinguishing its offerings. “To support their mission, they are guided by their commitments to great value, the community, diversity, and the environment.”
The completeness of the statement provides the impression of a company that is well-versed in the market dynamics and is equipped with the appropriate tools to become what it is to be on the market. These critical aspects can be derived from the mission statement of the company:
- Convenience. To satisfy this element of the purpose declaration, Target owns the reputation as a place that makes customers feel secure and never be concerned about missing something they’re looking for. Time is a valuable resource that must be utilized wisely. Target assists its customers in achieving this by offering them everything they need to buy. In reality, the business takes a step further. It categorizes its goods so that anyone can determine what they’re looking for, ranging from personal health and electronics to food items.
- Reasonable prices. At Target, Price is everything. In its company’s mission statement, it offers a “pay less” mantra which is a constant effort to meet all its product prices. Examining the quotes provided by the company confirms the popularity of affordability associated with its products. It offers one of the more appealing deals offering discounts of up to 25% on all the items on sale.
- It is exceeding expectations. The range of services and services Target Company is involved in aside from its primary business indicates that there’s more to the company. For example, the mission statement states the commitment of the company to contribute value to the community and safeguard the environment. These efforts highlight the social responsibility aspect of Target branding itself as an enterprise that is looking to see its impact not just seen in the company’s overall growth but also in the progress of the places it operates.
Target Corporation has proven that the vision and mission statement of a business be the defining factor for the growth of a company, as evidenced by the route it has taken for more than one century.
The particularity of the corporate statement made by the leadership of this corporation has helped establish an identity that has a significant impact on the retailing industry and surpasses the other brands.
This is why Target has been able to stand up to the economic turmoil through the years and simultaneously grow into among the top 10 largest retailers across the U.S. The popularity of Target extends beyond its limits, likely due to its business strategy, which maximizes the benefits and experience of customers.
This is clearly stated in the business’s mission statement and goals statements. Corporate vision statements are about the company’s vision for its image for the next few years.
A mission statement describes the actions suitable to allow the company to reach that goal. In essence, both collaborate and are crucial in determining how effective a company can be. Furthermore, conducting online surveys can also do a fantastic job and assists the company in moving up the ladder.
For Target, The vision statement highlights the company’s responsibility and its mission statements; the business concentrates on the high quality of the services it promises to its clients. The stability that is a hallmark of Target is derived from different aspects of the company.
The fundamental values of this company contribute to encouraging a work culture to ensure that the business stays within its vision and mission declarations dictate. This way, the values of all employees work to help grow Target as an organization.
|Geographic areas served||Canada & U.S.|
|Current CEO||Gregg Steinhafel|
|Revenue||$ 73.301 billion (2012)|
|Profit||$ 2.999 billion (2012)|
Target Mission Statement
Target’s mission statement is “To help all families discover the joy of everyday life.”
Target’s Mission Statement Analysis
The mission statement states that the company is committed to helping families find joy in daily life. What is the best way for the retail giant to aid all families in discovering the joys of life? This answer illustrates how well-written Target the mission of their company is.
There are a variety of issues this mission statement suggests.
- Affordability is that Target is determined to support all families, meaning that the items Target offers are accessible to families.
- Simple Commodities: Target’s desire to help people enjoy their lives will be evident in its products. Target generally sells household goods such as groceries, food items, and other products that we use on a regular daily basis.
Target’s vision is ” Guided commitments to great value, the community, diversity, and the environment.” The statement demonstrates that Target is determined to achieve the highest quality for an unwavering reputation for an organization that’s impact and services are transforming across all industries. The vision statement is based on the following main factors:
- Guided commitment. Target’s business brand reflects how organized and committed the company is, particularly about the goals it hopes to accomplish. The activities of this business illustrate that things only happen at Target as planned. When doing this, Target also emphasizes the importance of ensuring that it doesn’t compromise in the way it wants things done or how it wants something to happen. This is what highlights how committed Target is to its business name.
- All-Inclusive impacts. When it comes to implementing its business plans, Target ensures that it affects the lives of every client who purchases from the business, wherever they may be. This is achieved by providing that each product is of the most outstanding value to customers. Target is not done there, as the business is determined to ensure its existence brings goodwill to society in all usual ways, including accepting diversity and respecting it, and promoting sustainable development of the environment.
Target’s principal values are ” great shopping, celebrating diversity and inclusion, community engagement, and ethics at work.” These values form a solid Target culture that ensures the company is always well-prepared and committed to advancing its goals.
The principal value Target encourages its employees to provide the most enjoyable, welcoming, and welcoming atmosphere for all employees to ensure customers receive the best service while shopping. The effectiveness of this approach is enhanced by the team’s diversity from diverse backgrounds and suppliers.
Target recognizes the importance of working and interacting with communities. While doing so, it encourages the most positive behavior that supports the vision and mission declarations of the company.
Target Mission Statement History
Target mission statement remains unchanged through 2020 and 2021
- Anitsal, I., Anitsal, M. M., & Girard, T. (2013). Retail mission statements: Top 100 global retailers. Academy of Strategic Management Journal, 12(1), 1.
- Bebchuk, L. A., & Ferrell, A. (2001). A new approach to takeover law and regulatory competition (No. w8148). National Bureau of Economic Research.
- Bradley, M., Desai, A., & Kim, E. H. (1988). Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms. Journal of Financial Economics, 21(1), 3-40.
- Brickley, J. A., & Van Drunen, L. D. (1990). Internal corporate restructuring: An empirical analysis. Journal of Accounting and Economics, 12(1-3), 251-280.
- Dowling, G. R. (1986). Managing your corporate images. Industrial marketing management, 15(2), 109-115.
- Engel, M. L. (2018). Crafting the ideal mission statement for your organization. Leader to Leader, 2018(87), 7-12.
- Graff, T. O. (2006). Unequal competition among chains of supercenters: Kmart, Target, and Wal-Mart. The Professional Geographer, 58(1), 54-64.
- Hickman, L., Byrd, J., & Hickman, K. (2014). Explaining the Location of Mission-Driven Businesses. Journal of Corporate Citizenship, 55, 13-25.
- Jensen, M. C., & Heckling, W. H. (1995). Specific and general knowledge, and organizational structure. Journal of applied corporate finance, 8(2), 4-18.
- Jensen, M. C., & Ruback, R. S. (1983). The market for corporate control: The scientific evidence. Journal of Financial Economics, 11(1-4), 5-50.
- Kopaneva, I., & Sias, P. M. (2015). Lost in translation: Employee and organizational constructions of mission and vision. Management Communication Quarterly, 29(3), 358-384.
- Markides, C. C., & Williamson, P. J. (1996). Corporate diversification and organizational structure: A resource-based view. Academy of Management Journal, 39(2), 340-367.
- Ruback, R. S. (1983). Assessing competition in the market for corporate acquisitions. Journal of Financial Economics, 11(1-4), 141-153.
- S Eric Anderson Ph.D., M. B. A., & Brad Jamison Ph.D., M. B. A. (2015). Do the top US corporations often use the same words in their vision, mission and value statements?. Journal of Marketing and Management, 6(1), 1.
- Target – Home.
- Uysal, N. (2014). The expanded role of investor relations: Socially responsible investing, shareholder activism, and organizational legitimacy. International Journal of Strategic Communication, 8(3), 215-230.
You can observe, Target takes affordable shopping and community very seriously! Target’s primary goal is to promote items that are competitive in cost. They offer their customers an excellent shopping experience.
To further its goals, Target maintains a purpose to assist families in discovering the joys of daily life. It is known for its commitment to providing top-quality customer care and satisfied customers across the country.
If you align with their ideals, why not submit your application to Target now?
Frequently Asked Questions
Q.1 What is Target’s mission objectives and strategies?
ANS. Target’s mission is “To create Target the top shopping destination for our guests through providing superior value, continual innovation, and an exceptional customer experience .” We do this by continuously delivering our expectations. Pay Less.
Q.2 What are target corporation’s goals?
ANS. Target strives to raise the profile of nationally owned and new green brands that are cost-effective, inclusive, and inspiring. Target commits to an inclusive and sustainable distribution chain that will be fair and fair for all employees.
Q.3 What is Target’s strategic focus?
ANS. Our goal is to create an equitable and sustainable future alongside our partners, guests, and communities. We refer to our sustainability plan as Target Forward — and it’s focused on using our size and reach to benefit our guests, the environment, and our business.
Q.4 What is the target culture?
ANS. “Target culture” can be an expression used to describe the negative consequences perceived by the rigidity of adherence to targets for performance by companies and organizations.
Q.5 What makes Target unique?
ANS. Target’s focus on only what its customers want and the best way to deliver it has put the retailer in the face of competitors like Walmart and Amazon. Omnichannel shopping can mean different things for various retailers.
My name is Anjali Thakor And I am a part-time blogger writing is my passion. I am writing articles on this blog about tech, finance, and many more where people can get updated information about daily life hacks, updated about technology, and many more. If you have any questions you can contact me.