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External/Internal Factors-Target

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Submitted By amanda5
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External/Internal Factors-Target
Learning Team A
June 11, 2012
William Roman

External/Internal Factors-Target 2
External/Internal Factors-Target At Target, a well-known corporation that offers a variety of high-quality products to a broad range of consumers, there is much going on behind the scenes. Target’s 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,” reflects the internal and external factors that affect the four functions of management, the impact of other factors on these functions, and delegation through management (Target Brands, Inc, 2012). Target is an organization that believes in embracing diversity, giving back to the community, and incorporating its positive morals, values, and ethics into its business, and these principles apply to the four functions of management within the organization- planning, organizing, leading, and controlling (Bateman & Snell, 2009, Chapter 4). Target uses these functions to determine which goals are accomplished and how the available resources strive to achieve these goals (Bateman & Snell, 2009, Chapter 4). The main internal and external factors that influence these functions of management at Target are human resources, marketing, operations, stakeholders, technologies, and industry, respectfully (Bateman & Snell, 2009, Chapter 4). In addition, globalization, technology, innovation, diversity, and ethics each affect the four functions of management in their own unique way, thus affecting the whole organization. Using the tool of delegation, managers can influence the efficiency, productivity, success, the four functions of management, and a variety of influencing...

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