StudyXY
RegisterLog in

The Role of Strategic and Financial Planning in Long-Term Growth: A Case Study of Target Corporation�s 2013 Technology Initiative

A case study analyzing Target Corporation�s financial and strategic planning initiatives for long-term growth.

Lucas Allen
Contributor
4.2
42
5 months ago
Preview (3 of 7 Pages)
100%
Purchase to unlock

Page 1

The Role of Strategic and Financial Planning in Long-Term Growth: A Case Study of Target Corporation�s 2013 Technology Initiative - Page 1 preview image

Loading page image...

Running Head: Strategic InitiativeStrategic InitiativeTitle:Course Name:Topic Name:Instructor Name:Student Name:Date:Discuss the role of strategic and financial planning in achieving long-term growth for anorganization, using Target Corporation’s 2013 technologyinitiative as a case study. In youranswer, explain how the initiative aligns with the company’s financial goals, affects its supplychain costs and revenues, and addresses ethical concerns related to customer privacy and socialmedia.Word Count Requirement:1000-1200 words.

Page 2

The Role of Strategic and Financial Planning in Long-Term Growth: A Case Study of Target Corporation�s 2013 Technology Initiative - Page 2 preview image

Loading page image...

Page 3

The Role of Strategic and Financial Planning in Long-Term Growth: A Case Study of Target Corporation�s 2013 Technology Initiative - Page 3 preview image

Loading page image...

Running Head: Strategic InitiativeIntroductionNow in present business environment themajor part of abusiness organization’ssuccess isplanning. Twoimportanttypes of planningorganizationuse are strategic and financial planning.Strategic planning is the route of determining the objective your company will take, the valuablegoals you have for the business and how to reach what you want(Miller C C & Cardinal B,1994). On the other hand financial planning is managingorganizationsfinances over time inspecificway that you can meet your business needs.In business both types of planningengagefordefining objectives,gathering andanalyzing data,applythe plan and monitoring theoutcomes(Miller C C & Cardinal B, 1994).The Target Corporation’swholestrategic plan is todevelopthesignificanceandconsistencyof itsvaluablecustomer experience acrossmanychannels (social media & mobile,in-store, online), as well asmaintain, grow and leverage theTarget name and maintain agoodreputation of satisfying customerrequirements. Consistentwith thewholestrategy,for the year 2013 theTarget Corporations planinvolved a number ofstrategic initiatives todeveloplong long-term growth.Initiative discussed in the organization's annual report.As noted above,2013 annual report ofTarget Corp. discussessomestrategic initiatives one ofwhichconnectedtohightechnology. Target Corporationgreatlyrelies on a computer system todeal with process guest transactions, record,manageguest data,wellcommunicate withvendorand other thirdimportantparties,summarize and examine such resultsserviceoperationsandaccounts (TargetCorporation, 2014).The business ofTarget Corp. is becoming increasinglydependenton technology; TargetCorpcontinues to makeimportanttechnology investments.Aswellthe items noted above,this corporationseeshigh-technology as aeffectiveway to increaseusefulposition, andsuccessfullymanage guest facingwellexperience.As well,in 2013due to
Preview Mode

This document has 7 pages. Sign in to access the full document!

Study Now!

XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat

Document Details

Subject
Business Management

Related Documents

View all
Solved Assignments

CIS 337 Unit 7 Assignment Final Project Part IV Pr

CIS 337 final project presentation for stakeholders outlining a WAN proposal for a growing organization. Covers network planning, topology, security, and connectivity to support national and international expansion.

Class Notes

Analysis of Leadership in Monster Inc

In Monsters, Inc., leaders reflect Path-Goal Theory: Sulley shifts from supportive to achievement-oriented, while Waternoose is directive—each showing strengths, flaws, and growth paths.

Class Presentation

Evaluation of Alphabet's Mission, Vision, and 8-29

Alphabet Inc.'s mission is to organize the world's information and make it universally accessible and useful . Their vision is to create a future where technology improves lives and solves global challenges.

Class Notes

Boundless Management

Global corporations (MNCs) operate in multiple countries, using economies of scale and scope to grow revenue and cut costs. They face challenges like ethics and leadership while targeting fast-growing markets such as China and India.

Solved Assignments

Uncovering the Martha Stewart Tax Scandal Insider

Summary of Martha Stewart's insider trading and tax evasion scandal involving ImClone stock in 2001. She was convicted of conspiracy, obstruction, lying, and failing to pay \$220K in taxes on her NY home.

Class Notes

Boundless Business

Learn about the three key management levels—top, middle, and low—in a business hierarchy. Understand their roles, responsibilities, and how they work together to lead, plan, and supervise within an organization.

Solved Assignments

JetBlue Airlines Case Analysis

JetBlue Airlines case study analyzing market forces, competition, and strategy using Mullin's framework, Porter's Five Forces, PESTEL, VRIO, and Business Model Canvas for strategic insights.

Class Notes

Effective Speaker Notes Template for BUS 210 Prese

Presentation outlines SNHU Pet Supply’s mission to provide quality pet products and emphasizes informal leadership to foster a positive work environment and achieve company goals.

Class Notes

Leading as a Function of Management

Explore the essential management function of leading—learn how motivation, communication, decision-making, and coaching drive team success and organizational growth through effective leadership strategies.

Class Notes

McDonald's Q4 Earnings U

McDonald's U.S. sales fell 1.4% in Q4 due to lower customer spending and an E. coli outbreak. Despite this, strong international performance and global expansion plans lifted shares 4.8%, making McDonald's the top Dow performer on the day.