See the market value of every major retail chain (maybe except Costco and Walmart)? Kmart, Sears, Target, Best Buy, they all are penny-pincher businesses and the market value will never be as the one of companies that produce really valuable stuff such as Medtronic, Johnson and Johnson, GE, Procter-n-Gamble. Target brainwashed their employees for years with the "best company ever" illusion. Management icons like Dr. W Edwards Deming, Jack Welch, Michael Hammer and even Joseph Juran will all barf at a mission statement like that one. Target as you all knew it during the past decade is all gone. That Target was never serious. A retailer that will operate bare to the bone with great profit for the executive suite is now in its place. You still feel brainwashed? Time to go take a vacation and begin thinking about working for real in a real company.
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What's your point OP. You hate Target, OK. You sound a little foolish with all the market value gibberish and name dropping.
Anonymous109433 Again out of your depth.... I have first hand knowledge of Deming (circa UW Seattle 1988 Business School) Nippon Business Institute. The 1993 TQM roll out at Target was hugely successful. TGT "transformed" the entire stores organization. It happened, from physical layout to the staffing structure.
Welch was a disaster.... He was right place right time, posting great numbers while saddling GE with 300 billion in debt and cutting 100,000 jobs. Neutron Jack they called him. Read up on how he treated people. His whole philosophy was built on rewarding the top 10% and identifying and removing the bottom 10% constantly. In other words once you cut the 10% there's always another bottom 10%. He actually called it rank and yank. Target played with that in the late 90s too.
Anonymous109433, you clearly need to stop reading People magazine. Jack Welch was a million things more than only "fire the bottom 10%". And Deming never told Target to use the TQM system. Target thought of it as a magic wand to make problems disappear. And guess what? it DIDN"T work! The worst part is that the BCE bs was even worse. Bottom line, f** k Target.
The BCE nonsense was laughable. Almost as funny as the timers they put in every conference room to keep meetings to 45 mins during the "Speed is Life" era. Always amazed me how a company with such great talent and a positive culture could, at the same time, both take itself so seriously and be fundamentally unserious.
Anonymous109365 What? Are you quoting Deming and Welch???? Really! Skip the buzz word BS and go back to Business school. Jack "fire the bottom 10%" Welch and Ed "total quality" Deming would absolutely love what TGT is doing now. You are out of your depth. In 1993 Target adopted Deming's TQ philosophy, it was far from the live and let prosper BS we've dealt with over the last decade.
True. And sad.