Case Study Of Target's Stakeholders

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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
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