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Essay / Research Paper Abstract
This 4 page paper looks at the organizational structure of Target Corp., discussing the way it may be assessed and comparing it to a vertical and a functional structure. The paper then looks at how the firms' functions and strategy have impacted on the structure. The bibliography cites 2 sources.
Page Count:
4 pages (~225 words per page)
File: TS65_TEtargetstru.doc
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Unformatted sample text from the term paper:
create a boundaryless organization in 1994 (Target, 1994). The aim of this strategy was to develop a structure where there was the ability to share knowledge and resources across more
than a single division; effectively escaping the traditional vertical bureaucratic structure and adopting a divisional structure. The vertical structure may be seen as one of the most understood structures.
Power rests with specific positions, with the organizational chart resembling a pyramid. The CEO is at the top, followed by the board of directors at the next layer and then
middle management etc. Power is delegated downwards, with people having specific tasks and duties, who in turn will also delegate power down the hierarchy. This is a structure that is
well understood, with advantages including a high level of accountability. However, there are sometimes disadvantages associated with this structure; delegation may not always be effective and the structure can be
slow to respond to changes in the commercial environment due to the formal communication channels up and down the hierarchy (Huczynski and Buchanan, 2010). The firm could have adopted
a functional structure; this is one where the firm is divided into specialised groups based on the business functions that they undertake. For example, a firm may be divided into
a structure, such as marketing, finance, manufacturing and retail. This has the benefit of facilitating a specialised approach (Huczynski and Buchanan, 2010). For a firm such as Target this approach
would have meant one division dealing with finance, another with marketing, another with HR and another with procurement. This may have been able to allow for the easy realization of
economies of scope and scale and the application of expert knowledge, but it would also have some inherent difficulties. As Target is made up many retail outlets, if this structure
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