The Battle of the Discount Retailer Essay

Transformational leaders motivate by utilizing values, care, and inspiration (Marquis & Huston, 2015). These leaders are developing their employees to strive for growth. Transformational leadership enables companies to look towards the

A transformational leader is a person that lays his/her goals out and takes extraordinary measures to accomplish them. Their goals usually focus on the well being of the situation and their people. They strive to change the views of others and convince followers that the ethical behavior is morally correct of the leader's. An example of an exceptional leader would be Steve Jobs, the current CEO/co-founder of Apple Inc. Jobs is considered a leading figurehead in both the entertainment and computer industry. "Steve Jobs is listed as Fortune Magazine's most powerful businessman of 2007 out of twenty-five other top businessmen" (Wikipedia). Steve Jobs has made a large impact on our contemporary society due to his contributions, accomplishments

The industry we have chosen is the department store-retail industry. Within this industry, we have chosen the department stores of JCPenney and Macy’s. We find this industry, as well as these two companies, interesting from a strategic perspective. JCPenney has recently undergone a massive strategic restructuring in regards to its pricing, brand offerings, and store layout, pushing it away from the typical department store strategy of discounts and coupons. Its new strategy has become much closer to Wal-Mart’s strategy of every day low prices. Macy’s, on the other hand, has restructured with a push from the economic

Well definitely Elon can easily be classified as both a revolutionary and growth entrepreneur. When he introduced Paypal it was a revolutionary online transactions system and soon it

Target is an American retailing company founded in 1902. It is the second largest discount retailer in the United States (target.com, 2013). Targets mission is to make their store the preferred sopping destination for their guests by delivering outstanding value, continuous innovation and exceptional guest experience by consistently fulfilling their “Expect more pay less” brand promise. In order for Target to compete with the number one largest competitor Wal-Mart the four functions of management must be implemented in their strategic business plan. In this paper our team will explain how internal and external factors affect the four functions of

Looking at Targets Porter Analysis, internal rivalry is one of the major and significant threat to their profitability and the future development of their industry. Competing in the market with big competitor like Walmart with a superior means to gain large market shares, Target is finding it very difficult to bring their prices down to keep up with Wal-Mart’s ability to cut input and supply chain costs. Looking at Target contribution into this retail industry, they had succeeded in surviving in the discount retailing sector compared to K-mart among other competitors. Target had been so impressive in their market profit margin because they have been growing extensively and maintaining relatively high profit margins within the industry.

Retailers provide many case studies in capabilities-driven success, one of the most compelling of which is the big discounter triad of Walmart, Target and Kmart. And in this fourth-quarter retail season, we thought it would be helpful to take a closer look at what really distinguishes these competitors because they provide valuable insight into the key components of a winning corporate strategy.

Target Corporation has some new imminent threats on its horizon. Its challenge continues to be the problem of competing with Wal-Mart, Costco, and other huger retailers that are front runners. In order to decrease the risk posed to revenues by internal rivalry in the discount retailing industry. The key issues: growth and differentiation.

In the lasting war among discount superstores, thrifty customers can follow a few of their go-to stores for deals back to that year: 1962, when Walmart, Target, and Kmart all opened their entryways. Following 50 years of moving back costs, bull 's-eyes, and Blue Light Specials, Cheapism set out to figure out which discount retailer has transcended the others as far as value, quality, and administration. As anyone might expect, Walmart posted the least cost on a shopping basket of 30 indistinguishable and like things - almost 5 percent less expensive than Target by and large and around 15 percent less expensive than Kmart. Then again, numerous clients attest that Target displays more appealing stock and a more pleasant shopping background. In their examination of Walmart, Target, and Kmart, they found that Walmart stands its ground on those fronts furthermore offers the amplest cluster of items and administrations both on the web and off, conveying real one-stop shopping. In light of current circumstances, Walmart gains their rebate crown. Target is next in line and Kmart disillusions all in all.

Transformational leadership is very effective for corporate entrepreneurship success because it is responsible for motivating employees to go beyond ordinary expectations by appealing to their higher order needs and moral values. This will cause increased productivity, objectives being meet and high performance. Intellectual Stimulation, Individualized Consideration and Inspirational Motivation are dimensions of

During the decision making process, the characteristic of the Visionary leader appears to be suitable for the case study. The visionary suggested phase is initialization, and this allows the leader to share their vision while assisting members to envision the change, benefits, and how to navigate new boundaries. According to Allen, Kossi, Moon, Preston and Simon 2015 (cited by Mark, 2012) “Visionary leaders thrive on change and the ability to draw new boundaries.” (p. 4).

Leading Complex Organizations: An Entrepreneurial Perspective Howard Schultz is one of the transformational leaders in the modern business environment given his role in creation and development of a successful company i.e. Starbucks. Starbucks is renowned for its long standing record of growth, profitability, and success, which is a reflection of effective leadership towards making money. The growth and profitability of Starbucks is largely attributed to the leadership of Howard Schultz. Actually, Schultz has utilized an effective leadership and communication style that has contributed to the development of Starbucks. In contrast, General George Patton is also renowned as a transformational leader who has been idolized as an all-powerful

At the heart of every visionary company lie its core ideology, or those values and beliefs that form the foundation of a company's existence. Seeing how the visionary companies evolved over most of the last century let the authors observe that while the companies were continually changing in response to the market and to their customers, they had an overall set of core values to which they held constant. The comparison companies often lost ground when they changed their focus, swayed by the desire to maximize shareholder wealth. This idea is illustrated by a quote from David Packard, "Profit is not the proper end and aim of management - it is what makes all of the proper ends and aims possible" (Collins & Porras). The visionary companies stood for something more than profits, more than maximizing shareholder wealth. Core ideologies drive visionary companies, not profit alone. This common balancing act among visionary companies is

Successful business habits of visionary companies can best be described in the book Built to Last by Collins and Porras. Built to Last uses highly successful corporations that fall under specific criteria to correctly describe how these companies became and still are visionary. The visionary companies were researched and examined by using a set of control companies to find what set them apart. This book accurately describes what makes a visionary company work. It diminishes any misconceptions and myths that visionary companies may take on.

The case study Renovating Home Depot was the case of a leader who joined a successful business only to discover that the company was running out of growth opportunities and also did not have the basic systems needed for increased growth in place. Robert “Bob” Nardelli was chosen as the CEO of Home Depot based on his proven ability to reenergize slow-growth businesses. He was a leader that went all out to achieve his goals and was identified as someone who was “comfortable in his own suit”, and believes in being successful his own way. He made several innovations which were used in General Electric (GE) where he recorded past successes. We see the success demonstrated in the growth of revenue in Home Depot, as well as opening