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Target Corporation How does your company make money - 1650 Words

Target Corporation: How does your company make money? (Research Paper Sample) Content: Target CorporationStudentà ¢Ã¢â€š ¬s NameProfessorà ¢Ã¢â€š ¬s Name InstitutionCourseDateIntroductionOne of the goals common to all businesses is to make profits. According to HoÃÅ'ppel (2015), businesses employ different strategies with the main aim of making profits. While some prefer to place high prices on their goods to acquire a lot of profit quickly, others place reasonable prices on their goods which accumulate profit through attracting more consumers. However, the latter method often attracts many consumers and besides acquiring profits, their stock is always in demand. This paper aims at examining Target Corporation to scrutinize its operations overview, revenue composition as well as the relevant information regarding its investors. Companys historyGeorge Dayton founded Target Corporation in 1902 (Pluckett, 2007). Target Corporation has had several other names over the years including GoodFellow Dry Goods, Daytons Dry Goods Company, the Dayton Company and Dayton- Hudson Corporation. The company has been ranked the second largest discount retailer. Its headquarters are in Minneapolis, Minnesota in the United States. As of 2015, Target Corporation had opened 1805 stores across the United States and employed 347, 000 people. The first target store was opened in 1962 and was modeled as a discount version of the original department stores (Target Corporation, 2015). Over the years, the organization merged with other retailers including J.L Hudson Company and purchased others. With the increase in accumulation of profits, more stores were set up providing a wider range of goods and targeting more consumers. Current Company NewsThe company is planning to sell its in-store pharmacies to CVS Health Corporation thereby converting it pharmacies to the CVS brand. This transition was triggered by the acquisition of the Target pharmacies in December. According to the company, the CVS pharmacy will introduce new customers to its leading pharmacy c are and at the same time introduce its consumers to various digital tools that will enable them to embrace healthy lifestyles. The company is also planning on embracing digital in all its endeavors. Leadership Some of the key employees in the company include Brian C. Cornell as the Chief Executive Officer and Chairman of the Board , Douglas M. Baker as the Lead Independent Director, Cathy R. Smith as the Executive Vice President and Chief Financial Officers and John Mulligan as the Chief Operations Officer (Target Corporation, 2015). The company also has many executive vice presidents each put in charge of department including finance, human resource, purchasing and many others. For instance, Janna Potts acts as the executive vice president, chief stores officer who is mainly responsible for the leadership of the companys stores across America (Target n.d). Cornell mostly emphasizes on leadership that embraces digital prowess and innovation in the corporate structure of the compan y with the main aim of making Target the leading company in mobile and e-commerce. Products and ServicesAs one of the largest retailers in America, Target key products include household essentials including personal care products, pharmacy products, baby care as well as cleaning and paper products. The company also deals with hardline products such as movies, books, toys, computer software and sporting goods. Accessories and apparel products for instance shoes and jewelries are also available in the companys stores. Other products include dà ©cor and home furnishings. The company also offers services including dining, optical and pharmacy services (Target Corporation, 2015). StrategiesTarget Corporation employs different strategies in its operations. For instance, the company offers high-quality merchandise at discounted prices to help consumers cut expenses. The corporation also works with major brands to develop affordable and exclusive collections for their stores. Additionally, it manufactures its own private label brands for goods including Market Pantry, Archer Farms, Merona and Target Limited Edition, and seeks ideas form the external and internal consultants. The company also arranges licensing deals with innovative designers whose artistic prowess helps the company differentiate itself from other discounting stores. Recently, it has adopted online purchasing. As Pluckett (2007) reveals, Target Corporation offer its employees prescription drugs coverage, dental coverage, telephone assistance, educational loans, home loans and legal services plans. The company stores have ample spacing, bright lighting and quiet, therefore creating the perfect environment for the customers to shop. They also have sophisticated technology which controls the flow of communication and inventory to ensure the stores always have stock (Pluckett, 2007). Their customer relationship management systems provide real-time data from all of the companys sales stores therefore helpi ng to improve service. Unlike it competitors, the company offers products which it believes to be trend-forward and more upscale at lower costs as opposed to focusing on low quality goods at low prices.How Target Corporation make money Target Corporation makes money by offering quality products and services at discounted prices. It also ensures its stores have all the products that the consumers require. This way, they are able to target and meet the needs of their loyal customers. By helping the consumers cut expenses, the company also ensures that they keep coming back for more. The company sells its products across the United States through stores, online purchases and mobile devices (Rowley 2003). The company has 40 distribution centers which ship supplies directly to target stores with the exception of vendor supplied items like soda and greeting cards. The company have merged and cooperated with other companies over the years in order to increase its profit margins. It engages in healthy competition and strategizes to ensure that the involved parties get profits. Merging enhances problem solving, sharing of ideas and extension of the target population. Target Corporation has also established very good public relations and it distances itself with activities that are harmful to the community. For instance, it does not use any products that have lead and does not sell tobacco. It promotes equality to all its employees and addresses its customers as guests, a phenomenon that makes them feel that they are the most important assert of their enterprise.What Target Corporation sale specificallySpecifically, Target operates food discount stores as well as general merchandise which include expanded food assortment stores, super-target stores and target express. The company also offers fashionable and essentials as well as differentiated merchandise at discounted prices. Composition of Target Corporation products/servicesTargets products compose of household rudi ments, hardline, apparel and accessories, home furnishing and dà ©cor, holiday dà ©cor products as well as food and pet supplies. On the other hand, its services compose of optical, dining and pharmacy services. The company also has its own brands, and exclusive brands.Where Target Corporation sells its products/services The company mainly targets urban format stores such as TargetExpress and CityTarget located in the densely populated areas with the aim of promoting frequent customer visits. These stores are less costly to establish and also incur very low overheads since they are small in size. The company for instance introduced such stores in various locations across the United States to allow target to create a more locally relevant experince for guests in urban areas. The company also sells its products across the United States where they have set up stores including in New York, Annapolis, Los Angeles, Chicago, Seattle, San Diego, Atlanta and Miami (Rowley, 2003).Major Comp etitorsTarget Corporations major competitors include Kmart and Wal-Mart who provide similar products and services. Wal-Mart is a much bigger establishment with more than 2 million employees and over 7500 retail stores. Over the years, Wal-Mart has been a point for debate in connection to labor ethics, healthcare reforms and environmental sustainability. Other major competitors include Home Depot, Best Buy, Amazon and Safeway. Improved products and servicesTarget Corporations shopping experience is better than that of its competitors due to its conducive environment. The company is also planning to introduce new kids home decor products that are gender neutral in an effort to reclaim its style edge. Its restaurants have also started to serve cage-free eggs. It is also investing heavily in enhancing the online shopping experience for its customers and widening exclusive products mix through acquisitions and leveraging social media. The company plans on creating a more guest-centric e xperience by offering more locally relevant products and taking into accounts factors such as climate, demography and location (Rowley, 2003). It also intends to reassert its cultural leadership and to compose a headquaters team that is mor...

Developing Efficient Framework For Social Security Data...

Developing Efficient framework for social Security Data Mining Methodology Ms.Pranjali Barde Ms.Minal Bobade UG Scholar, JCOET UG Scholar, JCOET Yavatmal, India Yavatmal, India prajubarde@gmail.com minal02bobade@gmail.com Ms.Rani K. Kakde Ms.Vaishali V Rathod UG Scholar, JCOET UG Scholar, JCOET Yavatmal, India Yavatmal, India ranikakade87@gmail.com vaishalirathod155@gmail.com Abstract— The importance of security for social sites is incredibly important currently days. Typical welfare countries, like Australia have accumulated an outsized quantity of social insurance and social welfare knowledge. social insurance data processing is predicated on connected references from past history on large info of social sites. This includes SSDM framework and problems social insurance challenges goals in mining the social insurance or welfare knowledge. in this antecedently work done on techniques for social insurance data processing. 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Dr Pepper Snapple Group Sustainability †Free Assignment Sample

Questions: 1. Dr. Pepper lost market share mainly because of the competitive market and the changing demands of the customers? 2. The sustainable competitive advantage of Dr. Pepper is its sustainability through Corporate Social Responsibility? 3. Dr. Pepper still lags in comparison to its largest competitors and hence should adopt bottle recycling as new competitive strategy to sustain in the competitive scenario? Answers: 1. Dr. Pepper lost market share mainly because of the competitive market and the changing demands of the customers. There are many factors that lead to the decline in the market share of the company (Harvard Business Review, 1979). There are many contenders in the market and thus it is not easy for the organization to build up its mark in a new land. There are other soft drink companies, like Pepsi, Coca-Cola, etc. These companies are present in the market for quite some time and thus have their stand in the market. They are popular with the customers and have their presence in many countries, whereas, the presence of Dr. Pepper is limited. The idea about brand identification is the driving factor in any organization. It is one of the major barriers in the soft drink industry. Most of the soft drink companies want to create brand loyalty. In this competitive market, an organization has to invest heavily to maintain its name. This factor can be a little overwhelming for the organizati ons. The market is constantly changing and with it the taste of the customer. Many new products are coming up in the market. This can be the sign of trouble for the organization. The new companies are coming up in the market with various offers and exciting deals for the customers. Dr. Pepper needs to make some changes in its marketing strategy so as to beat this kind of competition (ROBINSON-JACOBS, 2013). 2. The sustainable competitive advantage of Dr. Pepper is its sustainability through Corporate Social Responsibility. As all the companies were investing in the large selling drink segment the focus of Dr. Pepper believes in doing good with flavour. They believe in providing a range of new flavours of beverages and at the same time invest in environmental sustainability, philanthropy and health and wellness goals (DrPepperSnappleGroup.com, 2015). The company values its customers and hence considers that delivering quality to the customers and the world in general would put the company in good light and hence adopting of a corporate social responsibility program is effective in establishing the company. The company has reduced operational cost through developing green approaches to energy efficient building features, LEED Certification. The competitive advantage of today goes to the ones who have adopted sustainability of environment as a primary function. Along with these standards, Dr. Pepper includes drought tolerant landscaping for conserving water; they are minimizing construction pollution and reduction of blacktops (Food Logistics, 2015). Sky lighting, energy efficient lighting controls and low emitting paints are the features adopted by Cr. Pepper factories and bottling points. Also, as a crucial factor of sustainability, the Company has tried to reduce employee accidents and provide a safe and healthy workplace to all (Carnevale, 2013). The corporate social responsibility of the Company focuses on factors that provide the Company a competitive advantage. Environmental sustainability, health and well being, workplace environment, community investment and ethical sourcing are the focal point that has upgraded the company image and people find the company more reliable and trustworthy as they choose it over the other companies due to is sustainable image. Hence, in todays scenario people are hugely concerned about environmental health and sustainability while choosing their brand. Thus adopting a CSR program is the most effective way of adding a competitive edge to ones marketing techniques (Foundation, 2015). 3. Dr. Pepper still lags in comparison to its largest competitors and hence should adopt bottle recycling as new competitive strategy to sustain in the competitive scenario (Foundation, 2015). The company is the third largest sod a company but is still way back in comparison to Coca-Cola and PepsiCo, which are its largest competitors. These companies lack in clear and defined corporate social responsibility programs but have already adopted a recycling of bottles and cans as a competitive strategy. Dr. Pepper has failed to convince the public about their commitment level and contribution to sustainability. Hence, it is required that the company should indulge in packing recycling to convince the consumers of its sustainable standings. Their environmental and workplace sustainability programs have already gained momentum. But people cannot associate these activities with the selling of Soda, which is its primary business. Soda is considered harmful by a large segment and hence to crea te a comfortable and beneficial image, recycling of bottles and cans will make a major breakthrough. It will not only bring the Company at par with its competitors but will also gain public support. As the company has already adopted sustainability and corporate social responsibility as its competitive advantage, the recycling factor would act as an added edge to its competitive strategy. Also, these actions have to be widely promoted through public relation activities and advertisement which will demonstrate the process of recycling and how it is benefiting the society. Thus the case study of Dr. Pepper is a wonderful example of Strategic marketing through sustainability (Team, 2015). References 1. Carnevale, C. (2013).In The Beverage Industry, Don't overlook Dr. Pepper Snapple Group.Forbes. Retrieved 5 August 2015, from https://www.forbes.com/sites/chuckcarnevale/2013/10/25/dr-pepper-snapple-dont-overlook-this-beverage-contender/ 2. DrPepperSnappleGroup.com,. (2015).Dr Pepper Snapple Group - Sustainability - Sustainability Overview. Retrieved 7 August 2015, from https://www.drpeppersnapplegroup.com/values/sustainability/ 3. Ethicalconsumer.org, (2015). Soft drinks industry report from Ethical Consumer. [online] Available at: https://www.ethicalconsumer.org/ethicalreports/softdrinkssectorreport.aspx [Accessed 5 Aug. 2015]. 4. Food Logistics,. (2015).Dr. Pepper Snapple Group builds A sustainable distribution center. Retrieved 5 August 2015, from https://www.foodlogistics.com/article/10255602/drinking-up-the-competition 5. Food Logistics,. (2015).Dr. Pepper Snapple Group Builds A Sustainable Distribution Center. Retrieved 7 August 2015, from https://www.foodlogistics.com/article/10255602/drinking-up-the-competition 6. Foundation, A. (2015).Dr Pepper Snapple Group | As You Sow.Asyousow.org. Retrieved 5 August 2015, from https://www.asyousow.org/companies/dr-pepper-snapple-group/ 7. Harvard Business Review, (1979). How competitive forces shape strategy. [online] Available at: https://hbr.org/1979/03/how-competitive-forces-shape-strategy/ar/1 [Accessed 5 Aug. 2015]. 8. ROBINSON-JACOBS, K. (2013).Soda sales lose more fizz; Dr Pepper sales fall less than others.Dallasnews.com. Retrieved 7 August 2015, from https://www.dallasnews.com/business/retail/20130325-soda-sales-lose-more-fizz-dr-pepper-sales-fall-less-than-others.ece 9. Team, T. (2015).Dr Pepper earnings review: Growth in both sparkling and still segments boost Q4 volume growth.Forbes. Retrieved 5 August 2015, from https://www.forbes.com/sites/greatspeculations/2015/02/17/dr-pepper-earnings-review-growth-in-both-sparkling-and-still-segments-boost-q4-volume-growth/

Facts, Fiction and Online Academic Writing Services

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Narrative Essay Samples Blog - How to Write Better - Story Ideas For Your Next Novel

Narrative Essay Samples Blog - How to Write Better - Story Ideas For Your Next NovelWhen I first started writing my own stories, one of the first places I went was to look at a variety of narrative essay samples blog. I always had a strong idea in my head about how a particular story would play out. The story should begin, I felt, with an appealing conflict, begin to develop a protagonist and provide the motivation for each act or character.That's what I thought the author's notes should say in the book or journal article, but now that I've gone searching online for some more ideas, I realize that the way I originally imagined things was not the best way to write my story. Instead of telling a story as I originally intended, I found myself faced with a variety of problems.One of the problems I found myself facing with my first book or journal article is writer's block. If you've ever had to sit through a college level writing course, then you'll know what I'm talking about. In class, when I have a problem, I can talk it out with my classmates or my teacher, but online, with a forum of people all sitting on the same page, it's hard to get any kind of solution. Then, if I use the Internet to find some essay samples blog to help me write, then I have to manually go back and edit the chapters, and then go back and edit the chapters again, until I feel like I've accomplished everything I want to do.I also find that when I use the Internet to write, I tend to put more stress on the writing itself than on the words I'm going to use. If I found a narrative essay sample blog that talked about the times you fought to survive as a boy or the times you tried to grow up fast as a girl, I would still feel like I had much more to say. It would also be more enjoyable.Now, as much as I love writing a story line about myself, I've found that if I start writing my writing online first, I have a better chance of finishing the story line with less stress on my writing. This is the way I prefer to write for my personal life as well. After all, I just wrote this article and it doesn't take me long to write an article or a blog. It's only once it's finished that I go back and edit the comments and see if I need to add anything.However, when you decide to use a blog to help you write your book or story, you might find that you have to give up much of your creative freedom. If you do want to allow yourself to let your style guide the tone of your writing, then you will want to make sure the style of your blog is reflective of your personality and style. If you're not the kind of person who enjoys writing in a very specific way, then maybe a blog that includes a lot of real, natural language is just right for you.Some of the best story ideas come to me as I am writing my first draft of a story. I find the process of finding a story idea and working backwards, until I have an actual story, from the beginning, helps me write much faster. The stories in my first draft tend to be much more interesting to me, and I'm able to focus more on the characters and the action than I am with an essay, journal or book.