Know Your Business Environment Unit No. 1: The Business Environment Pervez Ghazi Shaikh Date Submitted: 31/10/2016 Carl Loraine Cruz 20154176 Target is the organization that I have chosen for this assignment. Target is a famous discount retailer in United States that was founded by George Dayton. It was formerly called Dayton’s Company in 1910. Target has over 1,700 locations as of 2016 and it has 341,000 employees. This retail company offers clothing and accessories, beauty and health products, electronic, furniture, food, gardening and pet supplies, toys, appliances, and more. TASK 1A (P1.1) Target Corporation is a public company. This type of organization means that Target has the permission to sell its registered securities …show more content…
Stakeholders are individuals, groups or companies that are interested in Target Co. These people can affect or be affected by Target’s activities and actions, policies and objectives. There are different stakeholders that affect Target such as owners, employees, customers, suppliers, investors and the government. All these stakeholders are important to Target because without them, Target will not be as successful as it is today. Owners – Target’s owners are one of the most important stakeholders. They are the people who started and owns the business to profit from the successful operations of Target. They have decision making aptitudes and the people who has first right to profit. The proprietors are the primary strategist and organizer. They are the ones who comprehend the business so well and they started-up capital to get built up and develop their items and administrations. They additionally conform to government and business authorizing …show more content…
Purchasers need to know whether they purchase safety and subjective merchandise or serve. Target Corporation definitely ought to ensure what they produce and sell. Promoting and marketing likewise have a place here because numerous associations usually guarantee a lot on advertisements yet in all actuality, products are not as they were portrayed. This focuses are composed in enactment of legislation and Target must tail them. On the off chance that we discuss workforce, Target Corporation gives security and great condition to the employees and where they work. The Health and Safety at Work (HSW) is the law which gives and secures these points. As indicated by Health and Safety at Work Act 1974 (referred to rospa.com, 2012) "All businesses have an obligation to guarantee, so far as is sensibly practicable, the wellbeing, security and welfare of their representatives. They additionally have an obligation to shield non-representatives from dangers emerging out of their work exercises". Target makes sure that they give practicable and health and safety at work to their
HSE- Health and Safety Executive • It is the body responsible for the encouragement, regulation and enforcement of workplace health, safety and welfare. • It exists as an independent regulatory act and is in the public interest to reduce work related death serious injury across Britain’s workplace. • Effects all employed in Britain from major injuries. •
Target Corporation, headquartered in Minneapolis, Minnesota, is a leading mass industry retailer. George Dayton founded the company in 1902. Target found a niche market among other retailers offering products at inexpensive prices. Target’s brand promise, “Expect more, Pay less,” (Target, 2015), describes the customer anticipation of an exceptional shopping experience.
This document will take a look at the vulnerabilities and risks associated with Target’s customer-related technology, along with possible security controls to reduce the risks encountered while using this technology. Target’s Mission and Motto Target is an enormous retail store chain that prides itself on having phenomenal reviews that state, “I love Target.”. Big companies like this usually have a mission statement or a motto to help focus their time and effort. Target’s mission statement as of June 2016 is, "We fulfill the needs and fuel the potential of our guests. That means making Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional experiences—consistently fulfilling our Expect
Here are the reasons on how these factors impact the organization, Target. For global, as a discount retail industry, Target operates internationally. They basically ship products from outside of America, and global events have an impact to Target. For example, there were natural disasters all over the world that can affect the shipment of the products overseas.
Health and safety at work act 1947 The health and safety at work is the legislation, which covers the employees’ health and safety in the UK. The law requires a high level of management that employers must follow, they must look at risks and assess them and take a sensible measure to prevent these risks from happening. This policy and procedures is for Risk assessments and the fire policy/procedure. This promotes safety because care organisations have to make sure that they are able to provided a safe environment in a health and social care setting.
[A HEAD] Health and safety legislation 1 [DF] The Health and Safety at Work Act 1974 is known as an “umbrella act”. [PIC REF ATP.13] Whatever sort of business you are, there is always the possibility of an accident or damage to someone's health. All work exposes people to hazards, be they: loads which have to be manually handled; dangerous machinery; toxic substances; electricity; working with display screen equipment or even psychological hazards such as stress. Attention to health and safety is not just about being socially responsible.
OSHA protects employees from dangerous situations. Under the OSH Act, employers are responsible for providing a safe and healthful workplace. OSHA 's mission is to assure safe and healthful workplaces by setting and enforcing standards, and by providing training, outreach, education and assistance. Employers must comply with all applicable OSHA standards. Employers must also comply with the General Duty Clause of the OSH Act, which requires employers to keep their workplace free of serious recognized hazards (osha.gov).
The Stakeholder Salience Theory, created by Mitchell, Agle and Wood, are based upon the combination of the three relationship attributes to generate general types of stakeholders. These attributes include: Power; Legitimacy; Urgency. “Stakeholder salience” is defined as the degree to which managers give priority to competing stakeholder claims. Therefore if a stakeholder consist of all three attributes, he/she/it will be of most importance and will have more rights and privileges than a stakeholder that consists of only one of the three attributes. As seen in the picture on the right, you can differentiate between the different types of stakeholders, according to where they get placed given the attributes they consist of.
HEALTH AND SAFETY IN THE WORKPLACE TASK 1.1: A few acts that would be applicable to an Engineering company that performs Sheet Metal Work and Fabrication and Welding could be: - Health and Safety at Work Act 1974 - Personal Protective Equipment at Work Regulations 1992 - Provision and Use of Work Equipment Regulations 1998 Health and Safety at Work Act 1974 This Act was made to secure the health, safety and welfare of people at work. It was also made to protect people other than people at work against the risk to health or safety from or in connection to what people do at work. The Health and Safety at Work Act 1974 was also used to control the use of explosive or flammable or otherwise dangerous substances and prevent having or acquiring
Vanessa Best October 9, 2015 Legal, Safety, and Regulatory in the Workplace HCS/341 Regulations, Legal, and Safety within Human Resource Management Human Resource management, Legal, Regulations, and Safety "Common sense and compassion in the workplace has been replaced by litigation." In my opinion I think I would have to disagree because not all companies and organizations aren’t like that. But, at the same time the quote focuses on how people in companies feel there isn’t any form of compassion and common sense awareness applied to the work environment. Now, it’s all about what they and you can do to make sure the organization or the company doesn’t get sued or lose money from an employee mistake or human resource
Target Corporation is the second largest discount store retailer in the United States following Walmart. Target provides high-quality, trendy merchandise at logical prices. As of today, Target has more than 1800 retail stores and 38 distribution centers in the United States. The first official store was opened in 1962 in Roseville Minnesota and have thrived every since. I will be analyzing Target’s financial statements and communicating the results to our decision makers (Target 2017).
Target Corporation is one of the famous retail stores in the United States which is founded by George Dayton in 1902. Walmart is the main competitor to Target because these companies have similarities such as goods, services, business form, and customers. To compare Target to Walmart is logical because people can determine and analyze advantages and disadvantages in annual financial statement between Target and Walmart. Target and Walmart have different data on investment activities which are important to their companies. Investment activities are, uses necessary resources for operating of their companies which include computers, delivery trucks, furniture, buildings.
Target Corporation (NYSE:TGT) is one of the most recognized discount retailer that provides upscale, trendy merchandise at affordable prices. The company was founded by Draper Dayton in 1902. The first store was opened in Roseville, Minnesota during 1962. As a result of Target’s continued success, its parent company, The Dayton Hudson Corporation was renamed to Target Corporation in 2000. Currently, Target is the second largest retailer and mass merchandiser in the United States.
1: INTRODUCTION Inspire Joburg is an organisation that aims to tackle the issue of the lack of community service within the communities of Johannesburg. Stakeholder activism is the act of standing up against or standing up for a given cause that you are a stakeholder of. Examples include; boycotts, riots or in this case raising the voices of the able to speak for and improve the lives of the unable and disadvantaged. When stakeholders move from a given stakeholder behaviour to stakeholder activist behaviour; the beneficiaries are not limited. When a person or group acts up or stands up for a cause for the benefit of the community, they benefit because they are fulfilling their social responsibility in their community.