Strategic Recommendation Memo

Learning Organization Element

Extent to which the company epitomizes this element 

Provide a sentence justifying your determination

High 

Medium 

Low 

Example

x

[This] is why I believe it is medium.

Inspiring and motivating people with a mission or purpose 

x

The goal statement of Target is to "help all families discover the joy of everyday life." Through a number of activities, such as community involvement and environmental projects, they actively include their staff members in this mission.

Developing leaders 

x

Target provides leadership training programs and makes investments in the advancement of its staff. By giving staff members additional chances to assume leadership roles and responsibilities, it might be possible to further improve leadership development.

Target offers leadership

Empowering employees 

x

Target has a track record of giving its staff members the freedom to make decisions at the shop level. This empowerment helps to create an environment where workers believe their efforts are valued.

Accumulating and sharing internal knowledge 

x

Target prioritizes the exchange of knowledge, and it has internal mechanisms and procedures in place to make this possible. Programs for employee growth and development also aid in the sharing and accumulating of information.

Gathering and integrating external information 

x

Although Target responds to consumer and market trends, there may be space for improvement in terms of actively seeking out and fully incorporating outside data.

Challenging the status quo and enabling creativity 

x

Through programs like its accelerator program for start-ups, Target promotes creativity and innovation. There might be ways to build a culture that actively challenges current procedures and promotes original thought at all levels, though.

Recommend at least 1 step the organization's leaders could take to enhance 1 of the elements and explain how that could help the organization create more value.

Target's leaders might develop a structured innovation program that invites staff members at all levels to contribute creative ideas and solutions in order to further strengthen the element of challenging the status quo and fostering creativity. This program might offer incentives and acknowledgement for creative contributions as well as specific resources for investigating and putting forward promising ideas. By doing this, Target will be able to harness the collective creativity of its employees, promote innovation and continuous improvement across the board, and ultimately increase value for both customers and shareholders.

(Target, 2023).

References:

Target. (2023). About Target Corporation. Target Corporate. https://corporate.target.com/about#:~:text=Target%20is%20a%20general%20merchandise,and%20the%20District%20of%20Columbia