Target Corporation, which is ranked number eight in terms of size, is a department store retailer located in the Minneapolis, Minnesota, United States. Target Corporation (Target), established in 1902, is a universal product dealer selling commodities via its stores alongside online channels (Grayson & Hodges, 2017). Target’s wide-ranging merchandise outlets provide a food assortment, involving perishable goods, dry grocery, frozen and dairy items. Its online channels incorporate a collection of merchandise, incorporating a variety of products found in its outlets, together with a variety of extra colors and sizes sold only online. The corporation’s owned brands include but not limited to Archer Farms, Market Pantry, Sutton & Dodge, Boots and Barkley, Room Essentials, Embark, Xhilaration, Smith & Hawken, Gilligan & O'Malley, Knox Rose, and Spritz. Target competes with Best Buy, Amazon.com, Dollar General Corporation, Costco Wholesale Corporation and CVS Health Corporation among others (Grayson & Hodges, 2017).
Ethics, Social Responsibility, and Concentration
Target’s Ethics
Target’s huge levels for conduct imply that the corporation is committed to maintaining legal observance and working with integrity and ethical considerations. The commitment is the foundation of its unique culture that solidifies Target’s competitive advantage while supporting the superior experience clients anticipate. In Target, a ll conditions of employment must be founded on a person’s ability to do the task, not on the basis of individual traits, such as sex, ethnic origin, faith, or personal beliefs (Carroll, 2015). The corporation ensures that they provide a workplace where their staff works without distress or intrusion caused by harassment, bias or any other unsuitable behavior. The balance among codes, leadership, and rules culture is an excellent approach that facilitates ethical behavior within Target. The corporation has formal written policies that put it in a position to benefit from reduced ambiguity (Carroll, 2015).Target further mediates the influence of written codes with the influence of solid leadership and therefore pacing itself in a position of avoiding disadvantages of written codes.
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Target’s ethical guideline informs workers that when clients share their personal details such as name, location, credit card figures, social security numbers, the guests anticipate Target to keep the information secure. If the confidence is broken, it can damage the company’s status and the connections with clients. Moreover, if someone asks employees to share information, they must verify who they claim they are and ensure they are certified to receive the information. Principally, the Target team members should know and adhere to the information Protection and Policy (Quarshie et al., 2016). Target does not use any form of forced labor, which implies any work or service conducted involuntarily under threat of bodily or other penalties, including prison, indentured or bonded labor.
Moreover, Target respects the freedom of movement of its employees and does not restrict their movement by regulating identity papers, confiscating money deposits, or taking any action to prevent employees from ending their employment (Kolk, 2016). Target understands that operating ethically and with honesty is fundamental to upholding its status with team members as a grand workplace, with guests as a preferred shopping outlet, and with communities and stakeholders as a responsible commercial citizen. Target begins with the basics: obeying international, federal, national and domestic laws and rules related to business. Employees must obey regulations. Team members are expected to, regardless of level or responsibility, to conduct themselves with the greatest individual and professional integrity on a daily basis (Kolk, 2016). Target Corporation is dedicated to performing business ethically and morally. All team members should act at all times with sincerity alongside veracity. The company expects employees to provide good ruling and a sense of uprightness to the business choices. Whereas it is not feasible to enumerate all rules and regulations to be followed or clashes of interest or forbidden commercial practices to be shunned, Target’s Business Conduct Manual operates to specify the company’s anticipations for team members’ behavior and assists them make the correct decisions (Wang et al., 2016). The members are required to comprehend the entity’s rules and adhere to them.
Target’s Social Responsibility
Target is committed to supporting communities via giving which is always a cornerstone of the corporation’s business and a perception that guides majority of its choices. Each year, the firm provides 5% of its profit to the society, which totals over $3 million every week (Target Corporation Inc. n.d). Target knows that offering its time, resources, and talents are uniformly essential as the profit the corporation gets. The entity’s team members provide many hours helping in numerous regions annually. With the objective of developing a strong, vigorous and safe community it desires for its team members together with clients, Target works directly with associates and agencies. In fact, the company has challenged itself to attain corporate responsibility objectives in the fields of learning, surroundings, team member safety, and issues related with volunteering. The aims are Target’s roadmap in future times. According to Quarshie and colleagues (2016), the company is devoted to assisting over 365,000 team members in the world lead better lives and attain their objectives, understanding that their various ideas, commitment, and talent make Target and its regions alike the best they out to be.
Target helps team members’ routes to wellbeing and safety using resources, benefits, and service projects for suitable team members, local partners alongside their dependants. The company cultivates leaders and endows in members’ prospects through career enhancement alongside connecting opportunities. In 2001, Target collaborated with Feeding America in their battle to stop food shortage in the United States (Kolk, 2016). In regards to this project, Target offered millions of pounds of food every year, offering millions of food to needy families. Throughout the year, its stores offer education grants to domestic K-12 schools to sustain educational road trips, early childhood training schedules and involvement in arts.
Target’s team members provide hundreds of thousands of helping hours in their domestic communities all year, making their surroundings safer, better places for all people. The company further provides numerous opportunities to assist them to get involved, from refurbishing basic school libraries and giving food to the hungry, to reacting to calamities and reading with students. For over two and half decades, Target Corporation has bonded with public safety organizations through its Target & BLUE TM project to develop connections and enhance efforts that improve neighborhood security (Grayson & Hodges, 2017). Annually, Target teams distribute information, knowledge, and resources with community safety groups to support programs that keep the surrounding cities safe. Whether its teams are offering their time at surrounding events or merging domestic agencies with communities via programs such as Heroes & Helpers, Target is focused on assisting cities to make steps toward an elevated standard of safety (Carroll, 2015).
Conclusion
Target is one of the corporations around the world that is heavily committed to assisting the local communities. Such a feat is achieved thanks to the corporation's high adherence to ethical standards that govern the world in which they conduct business. The ethical considerations of the organization necessitate that employees behave in the most appropriate way possible when serving clients and all other people within society. Ranked the eight largest departmental retail stores in the world, the corporation is renowned for its numerous volunteering projects in the United States. Target works towards ensuring safety and better lives for the surrounding people. Ethically, employees are required to keep clients’ information, such as address, name, and credit card numbers among other details confidential to maintain the company’s reputation.
References
Carroll, A. B. (2015). Corporate social responsibility: The centerpiece of competing and complementary frameworks. Organizational Dynamics , 44 (2), 87-96.
Grayson, D., & Hodges, A. (2017). Corporate social opportunity!: Seven steps to make corporate social responsibility work for your business . Routledge.
Kolk, A. (2016). The social responsibility of international business: From ethics and the environment to CSR and sustainable development. Journal of World Business , 51 (1), 23-34.
Quarshie, A. M., Salmi, A., & Leuschner, R. (2016). Sustainability and corporate social responsibility in supply chains: The state of research in supply chain management and business ethics journals. Journal of Purchasing and Supply Management , 22 (2), 82-97.
Target Corporation Inc. https://corporate.target.com/
Wang, H., Tong, L., Takeuchi, R., & George, G. (2016). Corporate social responsibility: An overview and new research directions: Thematic issue on corporate social responsibility.
