Include a live link to your source so that we may visit the site. http://pressroom. target. com/leadership/gregg-w-steinhafel Identify the leader and the company or organization. Mr. Gregg W. Steinhafel serves as the Chairman, Chief Executive Officer and President of Target Brands, Inc. Mr. Steinhafel has been the Chairman of Target Corp. since February 1, 2009 and its Chief Executive Officer since May 01, 2008 and President since August 1999. Mr. Steinhafel has gained meaningful leadership experience and retail knowledge.
Target Corporation, originally the Dayton Dry Goods Company and later the Dayton Hudson Corporation, is an American retailing company, founded in 1902 and headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, behind Wal-Mart. The company is ranked at number 38 on the Fortune 500 as of 2012 and is a component of the Standard & Poor’s 500 index. Its bull’s-eye trademark is licensed to Wesfarmers, owners of the separate Target Australia chain which is unrelated to Target Corporation. Provide a brief overview of the company’s core business.
Target set high standards for—where you shop. They aim to be a place where guests and team members will always find more than they expect. Their mission and values set the stage, and day-to-day innovation, teamwork and community partnerships reflect who they are. Their mission is to make Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional guest experiences by consistently fulfilling their Expect More. Pay Less. ® brand promise. Describe the position of this person and his or her overall duties and responsibilities.
As Chief Executive Officer, he is responsible for determining the strategy and clearly articulating priorities as well as aligning and motivating to execute strategy and clearly articulating priorities as well as aligning and motivating to execute effectively and ensure continued success. As president, Steinhafel had companywide responsibility for merchandising, stores, global sourcing, product design and development, presentation, supply chain and Target. com. Identify how and why this person demonstrates a strong sense of business ethics and organizational values. What has this person accomplished? Steinhafel has een instrumental in developing and promoting Target’s unique corporate culture, in which 365,000 talented and diverse team members collaborate and innovate to make Target a fun and convenient shopping experience, providing access to highly differentiated products at affordable prices and sustaining the company’s legacy of giving and service. Since 1946, the corporation has given 5 percent of its income to non-profit organizations that support the communities where Target does business. Today, that giving equals more than $4 million a week. He also believes that donating time, talent and resources is equally important as the income they give.
Target gives hundreds of thousands of hours volunteering in their communities every year. Target helps build safe, strong and healthy communities to all their guest and works closely with partners and organizations. They support educational programs, provide basic needs to families in crisis, and practice sustainability throughout their business—and that’s just the beginning. Throughout the year, Target provide education grants to local K-12 schools to support educational field trips, early childhood reading programs and participation in the arts.
Target donated millions of books to kids and their school libraries through Target Books for Schools Awards and their Target School Library Makeover program. Steinhafel is a member of the Business Roundtable, Business Council and the Minnesota Business Partnership. In 2010, he was appointed to the Council for the Smithsonian National Museum of African American History and Culture. In 2012, Steinhafel began a two-year term as chairman of the board for the Retail Industry Leaders Association (RILA). That is why I have chosen Greg Steinhafel for this discussion assignment. Explain why you selected this person.
I have chosen Gregg Steinhafel because he exemplifies great leadership skills and good corporate culture. He is one of those leaders who never use the word “I” when referring to his company. Steinhafel takes his place out in front of several hundred thousand Target team members, insisting that “we”–meaning the discount retailer’s top brass–“are the coaching staff that help design the playbook, but implement it at the same time. ” He believes in team work and helps support his employees. I have always admired leaders who doesn’t take all the credit and realize it’s the company as a whole that makes it grow.
What can you learn from this person? What would help you to create a better ethical environment in your place of work or in your future career? Gregg Steinhafel can be a great mentor because I can learn to be a reliable leader/person that helps supports the community, value employees and know not to take recognition by myself but to share it with the company. I know I can help build an ethical environment by being a good example towards others. I can make sure I establish strong ethic values by building trust and complying by the standards.