Target Corporation in the News - Case Study Example

The organization now provides free delivery on hundreds of thousands of products through the Target.com site. The firm has also initiated a Drive-Up provision which enables guests to have their online ordered products to be delivered to their vehicles by store group associates. By the end of 2018, the retailer targets expanding from 50 to approximately 1000 stores countrywide (Minneapolis, 2018). Target Corporation has for an extended period been determined in capitalizing on its team by using the adoption of competitive payments as well as a broad variety of support resources, training, and tools to its employees so as to nurture them professionally and offer and a comprehensive encounter for customers.

In 2018, the company will increase the minimum hourly wage up to 12 USD starting with current team associates in the spring season. During the fall season of 2017, the firm raised the minimum hourly wage to 11 USD and has been determined to increase it further up to 15 USD by the close of the business year in 2020 (Minneapolis, 2018). A beginning hourly wage of 12 USD is higher than the state-level hourly payment in all the states in the US.The yearly strategy declared also entails reconstructing the firm’s brand portfolio.

The firm was determined to reimage its possessed brand portfolio in 2017 as well as offering more than one-of-a-kind products through initiating more than a dozen new exclusive commodities by the close of business in 2018 (Minneapolis, 2018).- Target Corporation is the firm that was selected for analysis.- The news material summarized is relevant to the coursework in various ways.- The news material is relevant to the portfolio management course which is located on page 193.- According to the course material, portfolio management is an approach to examining the competitive position of the business portfolio within a company.

- The primary aim of portfolio management is to enable an organization to attain a balanced portfolio for trades. This comprises of businesses whose viability development and cash flow features complement one another and accumulates up to a satisfactory general efficiency of the firm (Page 194).