Friday, January 31, 2020
Psychological Disorder Analysis Essay Example for Free
Psychological Disorder Analysis Essay The world of abnormal psychology is filled with many different types of disorders, symptoms, and treatment options. Today, I will be working with Roger, a middle-aged accountant living in San Francisco, California who experienced a car wreck a few months ago. He has been experiencing shakiness, breathlessness, heat flashes, and nightmares. He has been trying to cope with the symptoms that he is experiencing through alcohol consumption and going jogging. Using the skills I have learned about abnormal psychology, I will be able to diagnose Roger and provide an explanation as to why he is suffering from the type of disorder that he is experiencing, as well as determine the most effective treatment options available. Based on the information provided to me, I am diagnosing Roger with post-traumatic stress disorder. Post-traumatic stress disorder is an anxiety disorder that is experienced by people who have been subjected to a traumatic, life-changing event. Although I am quite certain that this is the disorder that Roger is suffering from, I scheduled an appointment with him to get more details about the symptoms that he is experiencing. Me: Good morning, Roger, I wanted to call you in today to talk about the things that you are experiencing on a day-to-day basis so that I will learn more about yourself and the things that you are experiencing so that we can work together to come up with solutions that benefit you overcoming your experience. Roger: That sounds like a good plan, what would you like to know? Me: Well can you please begin with telling me what happened 2 months ago, so that I may hear it in your own words? Roger: Sure, about two months ago I was in a car accident where the other driver hit me head on. I wasnââ¬â¢t hurt, except for a few minor bruises, but my car was completely totaled. Since then, I try to avoid the area where I got into my accident. Me: Thank you for that information, Roger. Car accidents can be quite traumatizing and Iââ¬â¢m sorry that you had to experience that misfortune. Roger: Itââ¬â¢s okay, Iââ¬â¢m just glad I got out of it alive. But the accident seems to stick with me no matter what I do, though. Me: Do you mind elaborating on that for me please, Roger? Roger: Well, ever since the accident I notice that whenever I am around the streets or in an automobile of any kind, I begin to feel shaky and out of breath. Then everything begins to get really hot and sometimes it feels like I am having a heart attack, so I begin to panic. Me: Thatââ¬â¢s very interesting Roger, have you been to your primary care doctor to see if there is a physical issue that is causing those symptoms? Roger: Yes, maââ¬â¢am. My doctor told me that I am healthy as a horse and recommended me to you. So here I am. *laughs nervously* Me: I am glad that you are here to give me the opportunity to help you, Roger. Are there any other symptoms that you have been experiencing since your accident? Roger: Um, Iââ¬â¢ve been obsessed with safer vehicles and Iââ¬â¢ve spent a lot of time looking for an extremely safe car and have taken a defensive driving class. Some days I am so afraid to drive that I have to call my friends to come get me, and I canââ¬â¢t seem to find a car that meets my safety standards. Me: I can completely understand why you feel that way, Roger. Safety should always be the number one priority when out on the road. So you feel this anxiety only affects you when you are out on the roads? Roger: No, not at all. Iââ¬â¢ve been having these horrible nightmares. Sometimes they are so bad that I canââ¬â¢t even make it to work, and my boss has started telling me that my performance is slipping, too. Iââ¬â¢ve been drinking a lot since my accident because I canââ¬â¢t seem to get the thought of it out of my mind and it is the only thing that seems to help when I feel shaky. Iââ¬â¢ve started to drink just to get the memory of the accident out of my mind. At home, Iââ¬â¢m so worried about my familyââ¬â¢s well-being that I try to keep everything clean and sterile. I donââ¬â¢t want myself or anyone in my family getting sick or going through what I went through. Roger: I know that this isnââ¬â¢t me and I donââ¬â¢t want to be please like this anymore, so can you please help me get past this? Because I donââ¬â¢t know what to do anymore and Iââ¬â¢m having trouble just making it through each day. When I have myâ⬠¦panic attacks?I usually head straight for the bar. Roger: After I have my nightmares, I usually canââ¬â¢t go back to sleep I go jogging. Being able to run helps me clear my mind of everything and just focus on the task at hand. Unfortunately, Iââ¬â¢m not in very good shape so I canââ¬â¢t run for very long before I have to return home. Me: Thank you so much for explaining all of that to me in such detail, Roger, I could see that it was difficult for you. I want to let you know that it is excellent that you are going out jogging whenever you have a nightmare, and I want you to continue you doing that whenever possible in place of drinking. Me: Together you and I will find a way to get you through this, all I askin g is for you to be willing to work with me. Can you do that, Roger? Roger: Yes, definitely. Iââ¬â¢m ready to move on with my life. After the interview with Roger, I was able to gain more insight about his situation and am able to confirm that he is suffering from post-traumatic stress disorder. As mentioned before, Post-traumatic stress disorder is an anxiety disorder that is experienced by people who have been subjected to a traumatic, life-changing event such as being raped, in a car accident, combat, or witnessing someone elseââ¬â¢s traumatic experience, such as a loved one or a friend, and even witnessing a violent death can cause acute and posttraumatic stress disorders. Individuals suffering from post-traumatic stress disorder becoming sensitized to the event that caused the disorder, causing them to experience feelings of anxiety when exposed to certain things related to the traumatic event. One of the key symptoms of post-traumatic stress disorder is involuntary flashbacks of the traumatic event which can lead to the development of more severe symptoms. Those symptoms include: * Nightmares- the event relives itself in the subconscious, usually leading to insomnia * Depression ââ¬â not enjoying the things you once enjoyed, disassociation * Anxiety, panic attacks ââ¬â negative reactions to situations or sights/events that trigger a reconnection to the trauma. * Avoidance ââ¬â For a traumatic event such as a car accident, avoiding the area where the accident occurred. * Substance Abuse: The abuse of drugs or alcohol as a coping mechanism to desensitize emotional response to flashback or other symptoms. The Cognitive model of abnormality realizes that everyone creates their own view of the world that comprises their reality (Comer, 2011). Unhealthy thoughts stemming from a traumatic event create the abnormal behavior individuals suffering from post-traumatic stress disorder experience. Therefore, post-traumatic stress disorder is a behavior that is determined by how individuals perceive the life-changing traumatic event that they experience. Looking into the history of post-traumatic stress disorder, PTSD was first discovered during the Civil War, with the development of battle PTSD, also known as ââ¬Ësoldierââ¬â¢s heart,ââ¬â¢ ââ¬Ëshell shock,ââ¬â¢ and ââ¬Ëbattle fatigue,ââ¬â¢ becoming known officially as post-traumatic stress disorder after the Vietnam War. A study conducted by Brian P. Marx in 2010 discovered that soldiers developed PTSD regardless of how recently or how long they were deployed. The study also showed that the longer PTSD is left untreated, the worse it will get, showing that untreated cases will become more anxious, have a shorter attention span, and in general have much poorer mental health. The study also found that ââ¬Å"the stress these soldiers were experiencing had a significant impact on their physical health such as immune functioning and cardiovascular disease (ââ¬Å"The effect of PTSD and combat level on Vietnam veterans perceptions of child behavior and marital adjustment,â⬠2006, para. ). Today, about 50% of Americans experience a trauma during their life time and only 8% of those individuals suffer from post-traumatic stress disorder. So what factors cause certain people to develop post- traumatic stress disorder, while other individuals remained unaffected? One of the most important factors to consider when determining what type of individual is more likely to suffer from PTSD is the nature of trauma the individual faced and whether the individual had preexisting anxiety issues before their traumatic event. Studies have shown that individuals who were exposed to severe, prolonged trauma or trauma affecting oneââ¬â¢s family were more likely to devel op PTSD than individuals who did not. Using the Cognitive model of abnormality as a guide, there are several options for treating posttraumatic stress disorder. The most effective treatment is cognitive therapy, in which ââ¬Å"therapists help clients recognize the negative thoughts, biased interpretations, and errors in logic that dominate their thinkingâ⬠(Comer, 2011). Cognitive therapy is most effective for individuals suffering from post-traumatic stress disorder because it teaches the individual positive ways confront the negative thoughts and emotions surrounding their experience with their traumatic event by showing them how to understand the trauma that they went through and the feelings that they are experiencing afterwards. Helping the individual suffering from post-traumatic stress disorder understand why they are feeling the way they do about their traumatic experience is also important, as well as identify the thoughts and actions that make symptoms of post-traumatic stress disorder worse. There are also further treatment options for individuals suffering from post-traumatic stress disorder and most anxiety disorders, including: * Relaxation: an individual is taught how to relax certain muscles by themselves instead of relaxing as a whole. Relaxation treatments have been the most successful in the treatment of anxiety symptoms such as high blood pressure and headaches as well as insomnia and panic attacks. * Biofeedback: an individual is connection to a machine that reads involuntary body movements enabling the individual to learn how to control those movements. This treatment has been most helpful in those recovering from post-traumatic stress disorders. * Meditation: is achieved my turning oneââ¬â¢s concentration inward and blocking everything surrounding out allowing the individual to obtain a sort of peace from blocking out stressors. Meditation has been successful in helping symptoms of anxiety such as high blood pressure, pain, and in some cases, viral infecti ons (due to having a weaker immune system as a side effect of constant stress and anxiety). * Hypnosis: individuals a guided by a hypnotist, who lulls the individual into a sleep like trance, similar to meditation. In this trance the subconscious takes over and individuals can sometimes be directed to act in unusual ways, experience unusual sensations, remember seemingly forgotten events, or forget remembered events. This method is helpful with post-traumatic stress disorder victims who are suffering from amnesia and are unable to recall the traumatic event in order to come to terms with what happened and learn how to recover from it. In conclusion, post-traumatic stress disorder is a disorder that is caused by a traumatic, life changing event such as being raped, in a car accident, combat, or witnessing someone elseââ¬â¢s traumatic experience, such as a loved one or a friend, and even witnes sing a violent death. The most effective treatment option for post-traumatic stress disorder as per the Cognitive model of abnormality is cognitive therapy in which ââ¬Å"ââ¬Å"therapists help clients recognize the negative thoughts, biased interpretations, and errors in logic that dominate their thinkingâ⬠(Comer, 2011). I hope that with my thorough evaluation of the origin, causes, symptoms, and treatments of post-traumatic stress disorder, I am able to help Roger overcome the symptoms that he is experiencing from his post-traumatic stress disorder and assist him with his therapy so that he can return back to a normal life. References Comer, R. J. (2011). Fundamentals of abnormal psychology (6th ed.). New York, NY: Worth. Faces of Abnormal Psychology Interactive. (2007). Post-Traumatic Stress Disorder McGraw-Hill Higher Education Web Site, retrieved on February 2, 2013, from http://www.mhhe.com/socscience/psychology/faces/# The effect of PTSD and combat level on Vietnam veterans perceptions of child behavior and marital adjustment. (2006, Febraury). Journal of Clinical Psychology, 51(1), 4-12.
Wednesday, January 22, 2020
Elduc In 2000 :: essays research papers
Eliduc In 2000 Sarah DeMoranville Prof. Gardner Ancient World Ren. Love in 20th century is entirely different from when Marie De France lived. In her time, she wrote a sweet story of two women who love the same man, Eliduc. He leaves his wife, Guildeluec to go fight in another country even though she is devastated by his decision. During his excursion he ends up with a younger woman named Guilliadun. The two fall madly in love. Ultimately, Guildeluec detects the affair and behaves with not a shread of jealousy or desire for revenge. The way she tells the story is surprisingly peaceful considering Eliduc lies to both women. However, my version of Eliduc, is written in 2000 mode. The society has metamorphosed into a chaotic blend of moral dysfunction. Many are unwilling to mend broken relationships. Instead, they choose to lie, cheat and deceive those who have been faithful and true to them. The repercussions of these betrayals are far more nauseating than Guildeluecââ¬â¢s reaction to Eliducââ¬â¢s affair. Beware, if you loved Marieââ¬â¢s version this might be too intense for some readers. First, the names of the characters are a bit more modern than the monograms Marie used. Now, Eliduc is called Eli, Guildeluec is Gail and Guilliadun is Jill. Here is how the story goes in 2000. Eli and Gail were together all through high school. They eventually got married because their love had grown into a bond of true friendship and love. The two-shared happiness but Eli would focus the majority of his time on his career. Gail accepted Eliââ¬â¢s ambition and never really gave him trouble about it. She had enough to do between work and home. Besides, Eli was a good policeman. He always took pride in his work and the chief always favored him. He treated him special. One day Eli came home from work exasperated because some of the other guys on the force were jealous of Eli. He told Gail "they told the chief I sell and use drugs!" "I canââ¬â¢t believ e this, now the chief wants me gone." Gail said, "oh sweetheart, we can work this out. Things will be fine. We have enough money with my salary at the hospital to last us until the chief comes around. I could even ask some of the other nurses if I can pick up another shift" Eli answered, "I am going away for a while.
Tuesday, January 14, 2020
Target Corp Strategic Recommendation
Target Corp. Strategic Analysis MAN4720 Section 22 -Wednesdays 7:30pm Team: Risky Business Christine Majewski Jake Morgan Kristin Stearker Cory Verez Executive Summary ?The purpose of this analysis is to inform the board of team Risky Businessââ¬â¢ strategic proposal related to Target Corporationââ¬â¢s Health & Wellness category. Target is already a multi-million dollar company, but after analyzing the company, our team has come up with a few strategic recommendations to aid in the continued success of Target.We have found that Target strives to combine top of the line innovation, excellent customer service, and unparallel value at attractive prices to customers using their Expect More. Pay Lessà ® brand promise. The Target Corporation has many strengths that will help our recommendation succeed including a wide scope of products and brands, strong internal logistics, convenience of online shopping, and an already strong brand and financial position. We feel that Target create s a sustained competitive advantage by leveraging the different aspects of their integration strategy to attract customers.Target is able to keep volumes high, driving costs down to offer lower prices on the differentiated products that Targetââ¬â¢s guests have grown to love and expect. ?Team Risky Businessââ¬â¢s strategic recommendations for the Health & Wellness sector include expanding initiatives and educational programs associated with organic and gluten free lifestyles. Target already has brand exclusive organic lines and our team recommends making consumers more aware of the products offered as well as benefits their guests can reap from changing their lifestyles.We suggest increasing advertising in order to promote these product lines to a market that is increasingly more health conscious than ever before. As with any strategic option, there are fall out risks associated to this plan that include increased costs and a potential lack of interest or demands. The full ana lysis gives a more in depth look at the current position of the company and future problems it could face along with the strategic recommendations we have chosen, and potential fallout risks associated with our solutions.Identify your clientââ¬â¢s current vision and mission and analyze your clientââ¬â¢s strategy ? Targetââ¬â¢s ultimate goal is to become the most favored shopping destination for customers throughout all existing channels. The company plans to achieve their overall vision by continually being a top innovator in the industry, delivering outstanding customer experiences and terrific value at attractive prices, and by constantly fulfilling their brand promise of Expect More. Pay Lessà ®. Target tries to live up to their statements and this can be seen throughout many areas of the company.In March, 2013, Target received one of only 13 ratings of ââ¬Å"excellentâ⬠, the highest available, from the Forrester Customer Experience Index, which measures customer experiences by survey (Target Brands, Inc. , 2013). As far as innovation is concerned, Target has made a positive imprint within the industry. Target has received many awards for its innovative excellence and is continuously reinventing its stores, layouts, and product assortments to better serve the ever-evolving needs of their guests (Target Brands, Inc. , 2013b). Target sells high-quality, trendy merchandise, at affordable prices which allows guests to ââ¬Å"Expect More.Pay Lessà ®Ã¢â¬ when they shop at Target. Target combines innovation, value, and commitment to their brand promise through their actions, such as partnering with popular fashion designers to create affordable lines specifically for Target. This combining of differentiated products with lower prices is one way that Target incorporates its mission statement into their everyday operations. Target is still working on reaching its end goal of becoming the preferred outlet, as shown by its #2 market share position in the discount department store industry. Target is surpassed in market share only by Wal-Mart at this time (Biesada, 2013). Three segments are operated by Target; US Retail, Canadian, and US Credit Card. Two branded credit cards, the Target Card and the Target Visa, and one Target branded debit card, offer credit to customers through the US Credit Card segment (Reuters, 2013). In 2012, the total REDCard penetration was 13. 6%, up from 9. 3% the prior year. Although more people are signing up for credit, the total revenue generated from this segment has been declining since 2010 (Target Corporation, 2013). See Exhibit 1 for US Credit Card segment details. The Canadian segment includes the recently acquired Zellerââ¬â¢s, Inc. tore locations in Canada. Start-up costs for this segment were $272 million in 2011 and $74 million in 2012 (Target Corporation, 2013). ?The US Retail segment includes Targetââ¬â¢s online business, its general merchandise stores, and SuperTargets (Reuters , 2013). Target. com is designed to allow guests to purchase products directly from online and/or to assist them in locating the product in a store near them. To aid in differentiating themselves, Target uses the web platform to sell not only its general merchandise, but also to introduce six brands sold exclusively through this medium (Target Brands, Inc. 2013c). The online presence aids in the vision of the company by offering multiple channels through which a customer can interact with Target. The brick and mortar stores of the US Retail segment offer general merchandise and groceries through the discount chain. Target and SuperTargets differ in that SuperTargets offer a larger line of food assortments. Targetââ¬â¢s product mix includes household items, electronics, apparel and accessories, food and pet supplies, and home furnishings (Reuters, 2013). Exhibit 2 shows the percentages of sales each category holds. Within the retail segment, a portion of Targetââ¬â¢s sales are generated through a mix of nationally branded goods, as well as private-label brands. In addition to general merchandise, Target also generates revenues from facilities in store ââ¬Å"â⬠¦such as Target Cafe, Target Clinic, Target Pharmacy and Target Photo, and from leased or licensed departments such as Target Optical, Pizza Hut, Portrait Studio and Starbucksâ⬠(Reuters, 2013). Target Corporation generates the majority of its sales revenues from the US Retail segment and revenues have been increasing since at least 2007 according to the companyââ¬â¢s past 10K forms.Even through the 2008 recent recession, Targetââ¬â¢s sales revenues have continued to increase within this segment (Target Corporation, 2013). Sales revenue overall, including all three segments, also has been rising since at least 2007. Although revenues continued to increase through the recession, net earnings dropped from $2,849 million in 2007 to $2,214 million in 2008. Targetââ¬â¢s net earnings rec overed and have been increasing every year since the recession (Target Corporation, 2013).In addition to increasing sales revenue and net earnings, Targetââ¬â¢s stock prices have also been above both the S&P and Dow Jones indexes for the last 10 years (Target Brands, Inc. , 2013d). See Exhibit 3 for US Retail Segment sales figures and Exhibit 4 for other selected financial data. ?The Target Corporation currently operates 1,784 of these SuperTarget and Target stores in the United States, as well as their online site, Target. com. Target recently began expansion into Canada; 24 stores are operational at this time (Target Brands, Inc. , 2013b).Target plans to continue with its growth tactics through 2013, bringing its Canadian fleet up to 100-150 stores (Biesada, 2013). At the same time that Target is expanding into new markets, the company is also penetrating further into existing markets with plans to remodel more of its store formats and to include additional food assortments. Ac cording to Hoovers, ââ¬Å"nearly 900 Target stores (up from 462 last year) now feature expanded food assortmentsâ⬠¦In fiscal 2013 Target plans to remodel an additional 230 general merchandise Target stores â⬠¦Ã¢â¬ (Biesada, 2013).The remodeled stores, with better food assortments and innovative design changes, seem to be part of a strategic effort to stay competitive with the only company out-performing them, Wal-Mart. ?Finally, the Target company operates using an integration strategy, and is one of few companies that has found success using this type of strategy. As IbisWorld states, ââ¬Å"Target offers daily essentials and consumables at discounted prices; however, the company has carved out a niche market by focusing on selling fashionable and trendy productsâ⬠(IBISWorld, 2012).Target is unique because it has successfully managed to operate with low costs while providing differentiated products that satisfy their customersââ¬â¢ needs and wants. Being able t o continuously offer quality, innovative products while keeping costs low lays a foundation for the company to create competitive strengths on. Analysis Strengths: ?A couple of strengths that we found Target is posting is their large variety of product and brands. They offer a wide arrangement of goods that can attract an excessive amount of consumers to come through the store.Another strength that Target holds is a strong internal logistics structure. Their 37 distribution centers located across the US gives them a strong chance to open more stores, and reach more potential customers. (Target Co. ) They also offer the convenience of online shopping for all of their customers, not only offering ease of shopping, but also allowing those who may not have a target nearby still enjoys their goods. We also found that Target is in a unique position in respect to their current sales, over the last few years they have consistently posted growth in revenue, and gross profit.Weaknesses: ?A we akness that was found through our research was a decrease in liquid capital over the last 2 years, potentially making it difficult to manage working capital and operational needs. Furthermore, they have increased the total debt that they are obliged to, making the lack of current assets evermore detrimental. Another possible weakness is their lack of exposure to countries other than the US, they are currently only operating inside the US which could pose many problems due to their dependence on one market. Target Co. ) Opportunities: ?There are plenty of opportunities for Target when it comes to the expansion of their company into new markets. In 2013 Target will take its first step into an international market when they expanded in to Canada, creating Target Canada Co. (Target Co. ) Target has opportunities to expand their products, and broaden the breadth of their goods, especially the expansion of private label brands. Threats: ?The largest threat to target is that it is in a hig hly competitive market.There are a plethora of other stores selling the same goods, as well as the threats of counterfeit goods in the industry. (Target Co. ) Another threat is the potential of change in consumer preferences, creating a lack of demand for Targets goods. Threat of Substitute Products: ?We feel the threat of substitute products is high, there are many stores that offer similar goods that could be considered more attractive than buying from target; usually this is derived from the desire to obtain private label goods. Intensity of competitive rivalry in the Industry: The competitive rivalry within the industry is high, there are many companies competing against each other for the same customers, and market share. On top of the brick and mortar traditional shopping, there are now arising e-commerce competitors that intensify the competition within the industry. Threat of new Entrants: ?Considering the wide arrangements of goods offered by Target, we believe that the thr eat of new entrants is high. Itââ¬â¢s also a highly competitive market, will low barriers of entry, so the combination of those two things creates an ease of entry for new ventures.Power of Buyers: We find that the power of buyers is high at Target, while they may not have much negotiating power within the store; they do have many options on where they are going to buy the particular good, which gives them the power to shop around and find the price that they like. Power of Suppliers: ?The power of suppliers at Target is low, since there has been a decrease in import barriers that has caused an increase in competition between suppliers. So the power of the suppliers to name the price has nearly been eliminated.Sustainable Competitive Advantage ?To operate effectively in the discount retail industry you need to be able to master some key functions, not only to achieve competitive advantage, but also to make it sustainable. Target displays a couple features we have noticed, that we feel allows them to obtain a sustainable competitive advantage. These SCA factors consist of the ability to manage and perform off a highly effective supply chain and the ability to achieve high economies of scale, due to their huge market presence and mix of private branding. One of the factors that helps Target obtain an effective supply chain is the wide geographical coverage of their distribution centers. They currently control and operate 37 distribution centers ranging from the West Coast of Lacey, Washington all the way to the North East location of Wilton, New York. By having multiple disperse locations they have allowed themselves the opportunity to expand across the whole country. They have the capabilities to service any of their 1,700 plus stores in a timely manner.This in turn creates a larger geographical market to operate in effectively that some of their smaller competitors may not have the means to. ?A second important factor that Target masters is its offering of diverse products coupled with high economies of scale. Target offers product lines in departments such as; household, hardline goods (non-informational goods), apparel and accessories, home furnishings and food and pet supplies. By doing this they create a one stop shop effect which holds a high convenience factor in the eyes of consumers.In 2010, the highest percentage of sales was in household goods at 24%, the lowest percentage was food and pet supplies at 17% (Target 2012 10k). These statistics support the idea that Target is not just specialized in one department, but has been able to offer a wide variety of products, all of which hold a high demand. Coupled with the wide diverse product range, Target has been able to do this while achieving high economies of scale. They have incorporated 30 plus mixed and licensed brands which helps keep their operating cost low, giving them a higher profit margin.In addition, Target outsources their goods to multiple countries which helps gen erate lower costs. They currently have 27 offices in 18 different countries. Problems Moving Forward ?Looking forward, Target may continue to see problems in a couple areas. They currently face the struggles of competing with Wal-Mart internationally, driving traffic through their store/ online website and the ability to implement quality control. ?The biggest current problem is competing with their largest competitor, Wal-Mart, at an international level and depending solely on the American market.It is known that the American economy has taken a hit in the recent past and that can be reflected in Targetââ¬â¢s recent profits. Being solely dependent does not allow them to mitigate their risk, which Wal-Mart has done by tapping into different countries. This may not be an existing problem for long. Target is exploring the Canadian market and expects to have 125 of 135 stores remodeled and opened in the years 2013-2014. This shows some promise because over 30,000 Canadians currently hold Targetââ¬â¢s REDcard, which shows a strong brand presence (FOX). A second problem Target faces is driving consumer traffic through their stores and website. With the new emerging strategy of E-Commerce, consumers now have the ability to shop online in the comfort of their own home. This adds more competition to the market that Target already faced and these new entrants have the option to operate at a minimal cost. ?The last pressing issue Target may face for the future is quality control. Dating back to the start of 2012 and currently into the 2013 year, Target has recalled over 55 products sold.This damages the image of Target and the products it offers. We do not believe this should hinder their operations too heavily but it is something to take notice of and work on fixing for the future (Target). Strategic Recommendation Our strategic recommendation for Target is to implement a comprehensive, multi-pronged, in-store advertising campaign that focuses on organic and all natural products sales and promotions. Targetââ¬â¢s commitment to healthy living and high wellness standards is consistent with the benefits of this growing organic market.Target is able to add to their bottom line by tapping into this already established market, stealing market share from other retailers, and creating a new demand with non-organic users. Organic food sales in the U. S. comprise nearly half of global organic food sales. The global organic market reached $54. 9 billion in 2009, more than triple the $18 billion recorded in 2000 (Organic Agriculture in Wisconsin). Target has met the needs of the rapidly growing demand of healthier foods, more effective forms of exercise, and a booming interest in organic products, but have not taken full advantage of the market opportunity.Recently Target and Harris Interactive carried out a survey that polled American families and found that consumers are confused about how, why and where to shop for organic foods. Many families ar e unfamiliar or even unaware of the benefits of the organic foods and products. For instance the study showed that, ââ¬Å"one-third (34 percent) of consumers surveyed believe that organic foods are superior to non-organic foods, but nearly two-thirds (61 percent) want to be better informed on the value of where it pays to buy organicâ⬠(Organic Consumers Association).It is not enough to just offer organic food and natural products, Target needs to educate their consumers and persuade them to buy those products offered at Target. ââ¬Å"People want to know more about organic products and where to best spend their money on them,â⬠says Dr. Susan Mitchell, registered dietitian and SuperTarget Health and Nutrition Expert. ââ¬Å"Target provides their guests with product choices for the whole family; products that enhance their lives in an affordable and accessible way.When it comes to feeding your kids, certain conventional choices are fine, but parents should be informed on where organic is the better bet. With the new Archer Farms organic product, Target has made it easy for parents to make better decisions on what to feed their familiesâ⬠(Organic Consumers Association). Not until recently have a vast percent of our generation been diagnosed with allergies related to gluten, wheat, soy, etc. This is growing allergies are found to be passed on through genetics, and is only treatable through dietary changes.This means that the market will only continue to grow in future generations, not only by people who have the allergies, but also chose to limit their nutritional diet by choice for health reasons. Many companies now carry gluten free and organic food lines permanently and these product lines are continually growing. ââ¬Å"a 2011 survey by the Organic Trade Association found that more than three-quartersââ¬â78 percentââ¬âof U. S. families are buying organic food, up from 73 percent in 2009. Forty percent of families say they are buying more organic food now than they were a year agoâ⬠(Organic Trade Association).In order for Target to fully tap into this growing market, they will need to continue expanding their current food departments in Target stores or convert them into Super Target stores. Target invested $500 million in 2010 in a new push on groceries, retrofitting some of its general merchandise stores with full-blown food sections. Sales and traffic at stores with the new grocery areas are about 6 percent higher than at similar stores without them, the company says (NY Times) Last year, nearly 1,000 Target stores offered an expanded food layout.At these Target stores, approximately 10,000 square feet is dedicated to a vast array of fresh food choices, including a curated assortment of fresh produce, fresh packaged meat and pre-packaged baked goods, in addition to dry and frozen offerings. By the end of 2012, more than 1,100 Target stores offer the expanded fresh food layout compared to 450 in 2010 (Ta rget Press Release). Annette Miller, Targetââ¬â¢s senior vice president for grocery, said she expected an expanded food department to move into most Target stores eventually.While the gross margins of the grocery business are about 18 percent, well below those of retail, which are about 30. 5 percent, groceries both drive visits and make existing stores more profitable, said Colin McGranahan, an analyst with Sanford C. Bernstein (NY Times). Target and Super Target carry many private labels and brands that specialize in healthy lifestyle and organic products. The Archer Farms brand offers organic products while remaining exclusive to Target, and continues to expand their brand with new product introductions regularly.Both Super Target and Target stores will continue to offer a variety and vast selection of organic products to meet the needs of all their consumers (Organic Consumers Association). Since Target Corp. has been successful with the launching and selling of their exclusi ve organic product lines, as well as mainstream brand organic products, we feel they need to focus on this demand instead of starting a new venture. ââ¬Å"Target is committed to helping guests see the value of organic products and their role in maintaining a healthy lifestyle,â⬠says Greg Duppler, senior vice president, Target. We want our guests to have one-stop access to the healthy products they need without sacrificing the convenience and value that Target consistently delivers through our owned brandsâ⬠(Organic Consumers Association). There is a lot more opportunity in this market than they have tapped into and we feel they should expand their educational programs and initiatives for them to fully take advantage of the organic product demand. Since Target Corp. already has the brand equity and brand awareness, we want to make their consumers more aware of the benefits and facts about living a healthy lifestyle and using organic and all natural products.Although Targ et has different advertisements and programs about healthy lifestyle, we feel they could incorporate a greater amount of product promotion and educational programs to increase their both their sales and brand image. Target Corp. needs to focus some of their advertising dollars on promoting these organic product lines. Not only the food and produce, but also the organic body care lines, and organic cleaning and household products. Organic is not just food. Over 2 billion worth of organic fiber, cosmetic, and household products were sold last year (Consumer demand for organic food boosts sales).They should increase and reposition their in-store signage and displays to create buzz and inform the shoppers of what organic products they carry. Similar to Publix ââ¬Å"GreenWiseâ⬠organic section in their store, Target should group their organic products together in each department of the store with attention grabbing, easy to read signage. Each department will include an organic aisl e or section with end-cap aisle displays. Within these displays they will include informative, educational facts or promotional videos explaining the benefits of the organic products versus the non-all natural products.Larger signage and end-cap aisle displays will increase awareness and curiosity. Many people do not want to take the time to research the information about organic products, but if Target offers it in the store, the consumers will be more likely to read it and become interested in the product lines. ?Many shoppers associate organic products and food to Publix and Whole Foods, but we want consumers to also include Target in this category. This advertising boost is more of an initiative than a campaign, to increase awareness and drive profitability in the all-natural product market.We want to enhance Targetââ¬â¢s brand image by incorporating more healthy lifestyle programs. Target would build and enhance their ââ¬Å"wellnessâ⬠section of their website for consu mers to educate themselves on everyday wellness tips including organic foods and product ads, recipes, articles regarding the benefits of all-natural products. This would also include fitness tips, Target ads for exercise related products, vitamins, and more. We will focus this initiative towards mothers or heads of the households who do the family shopping. Why do people buy organic food? Parents tend to be motivated by health concerns.The Organic Trade Association found that nearly half of parents surveyedââ¬â48 percentââ¬âwere motivated to buy organic food because they believe it is healthier for themselves and their children. Other motivators for parents include concerns over the effects of pesticides, hormones and antibiotics on children, and avoidance of highly processed food and artificial ingredients (Haumann). Many organic consumers are mothers who care about the wellness of their children and families, so we will focus mainly on healthy lifestyles for families. We will also offer special shopping lists and recipes for food allergies.Many mothers already shop at Target for their everyday needs and we want them to also buy any of the food products they can while they are there, especially organic. Based on these numbers, the organic food and beverage industry presents an opportunity for growth in both revenue and jobs during the downturn. Target has a huge advantage with their Red-card, that shoppers who have this credit or debit card receive 5% off their entire purchase every time they shop at Target or Super Target. This is another discount on top of Targetââ¬â¢s everyday low prices compared to Whole Foods, Publix, and World Market.No other grocery store offers a credit card that allows a discount every time they shop, on top of sales and promotional items. With this Red-card, we suggest Target offers additional discounts, like Win-Dixie does with their shopping card. The consumers would receive Bo-Go discounts, weekly promotional prices o n certain items and more when they use their Red-card to buy groceries. This would increase their credit card sales, total purchases, and especially grocery and food sales (exhibit). The marketing and advertising of this wellness and organic initiative will cost about $3. million for four months of in-store promotion and an additional $500k for enhancing Targetââ¬â¢s website design. Remodeling an existing store to include the expanded fresh food layout requires an investment of around $1. 5 ââ¬â 3 million, of which about 60 percent is related to merchandising initiatives like the expanded food selection and transformations in Beauty, Home, Shoes and Baby (Target Summary Financials) Our expanded fresh food layout offers around 90 percent of the food categories found in a Super Target with about 60 percent of the items, in approximately half of the space devoted to food in a Super Target (Target Summary Financials).With every store Target remodels to expand their grocery depart ment, they increase their revenue by at least 6 percent. The advertising and in-store promotions will increase revenue by at least 4 percent within 6 months after we begin the initiative and increase total organic food sales by 12 percent within the year. This is a perfect time to start the in-store organic promotional campaign for Target. Summer and early fall is the highest revenue time for organic produce. Since the advertising and promotional collateral will mainly stay in-store and online, we can start right away and be ready to launch within 45 days.The website can be enhance as soon as possible, as well as the start of training for the current employees. Exhibit 7 in the Appendix shows a proposed timeline for our strategic recommendation for Target Corporation. Fallout and Summary These are the risks associated with our recommendation 1. Higher prices for organic food and products 2. Lack of demand and interest in organic food and products 3. Increase in a. operation costs fo r training of employees on education of organic benefits etc. and additional employees b. dvertising/marketing costs for signage and promotional advertising of organic product lines and foods c. costs associated with updating website content d. costs associciate with creating and expanding educational programs and sponsorships that promote organic products and food and healthy life styles References: 1. Organic Consumers Association. Another Big Box Chain, Target, Jumps Onto Organic Bandwagon. 28 Sept. 2006. Web. 05 Apr. 2013. . 2. Biesada, Alexandra. Target Corporation. 2013. Web. 5 April 2013. . 3. Clifford, Stephanie. ââ¬Å"Big Retailers Fill More Aisles With Groceries. The New York Times, 16 Jan. 2011. Web. 6 Apr. 2013. . 4. Organic Agriculture in Wisconsin. ââ¬Å"Growing Demand for Organic Food: A Bright Spot in a Tough Economy. â⬠N. p. , Feb. 2012. Web. 06 Apr. 2013. . 5. Haumann, Barbara. ââ¬Å"Seventyââ¬âeight Percent of U. S. Families Say They Purchase Organic Foods. â⬠2011 Press Releases. Organic Trade Association's Organic Newsroom, Nov. 2011. Web. 09 Apr. 2013. . 6. IBISWorld. Major Companies. 2012. Web. 5 April 2013. . 7. Reuters. Profile: Target Corp (TGT). 2013. Web. 5 April 2013. . 8. Target Brands, Inc. orporate fact sheet. 2013. Web. 5 April 2013b. . 9. Target Brands, Inc. shop Target's exclusive online-only brands. 22 January 2013. Web. 5 April 2013. . 10. Target Brands, Inc. stock information. 2013. Web. 6 April 2013. . 11. Target Brands, Inc. Target tops for customer experience. 5 March 2013. Web. 5 April 2013. . 12. Target Corporation. ââ¬Å"Form 10K. â⬠10K. 2013. PDF. 13. Target Corporation ââ¬â Financial and Strategic Analysis Review. 5-Nov-2012. Web 5 April 2013. reference code: GDRT33397FSA . 14. ââ¬Å"Target Remodels 90 Stores to Expand Fresh Food Selection. Press Room. Target Corporation, 24 Apr. 2012. Web. 09 Apr. 2013. . MAN4720 Section 22 -Wednesdays 7:30pm Team: Risky Business Christine Majewski J ake Morgan Kristin Stearker Cory Verez Executive Summary ?The purpose of this analysis is to inform the board of team Risky Businessââ¬â¢ strategic proposal related to Target Corporationââ¬â¢s Health & Wellness category. Target is already a multi-million dollar company, but after analyzing the company, our team has come up with a few strategic recommendations to aid in the continued success of Target.We have found that Target strives to combine top of the line innovation, excellent customer service, and unparallel value at attractive prices to customers using their Expect More. Pay Lessà ® brand promise. The Target Corporation has many strengths that will help our recommendation succeed including a wide scope of products and brands, strong internal logistics, convenience of online shopping, and an already strong brand and financial position. We feel that Target creates a sustained competitive advantage by leveraging the different aspects of their integration strategy to attra ct customers.Target is able to keep volumes high, driving costs down to offer lower prices on the differentiated products that Targetââ¬â¢s guests have grown to love and expect. ?Team Risky Businessââ¬â¢s strategic recommendations for the Health & Wellness sector include expanding initiatives and educational programs associated with organic and gluten free lifestyles. Target already has brand exclusive organic lines and our team recommends making consumers more aware of the products offered as well as benefits their guests can reap from changing their lifestyles.We suggest increasing advertising in order to promote these product lines to a market that is increasingly more health conscious than ever before. As with any strategic option, there are fall out risks associated to this plan that include increased costs and a potential lack of interest or demands. The full analysis gives a more in depth look at the current position of the company and future problems it could face alon g with the strategic recommendations we have chosen, and potential fallout risks associated with our solutions.Identify your clientââ¬â¢s current vision and mission and analyze your clientââ¬â¢s strategy ? Targetââ¬â¢s ultimate goal is to become the most favored shopping destination for customers throughout all existing channels. The company plans to achieve their overall vision by continually being a top innovator in the industry, delivering outstanding customer experiences and terrific value at attractive prices, and by constantly fulfilling their brand promise of Expect More. Pay Lessà ®. Target tries to live up to their statements and this can be seen throughout many areas of the company.In March, 2013, Target received one of only 13 ratings of ââ¬Å"excellentâ⬠, the highest available, from the Forrester Customer Experience Index, which measures customer experiences by survey (Target Brands, Inc. , 2013). As far as innovation is concerned, Target has made a posit ive imprint within the industry. Target has received many awards for its innovative excellence and is continuously reinventing its stores, layouts, and product assortments to better serve the ever-evolving needs of their guests (Target Brands, Inc. , 2013b). Target sells high-quality, trendy merchandise, at affordable prices which allows guests to ââ¬Å"Expect More.Pay Lessà ®Ã¢â¬ when they shop at Target. Target combines innovation, value, and commitment to their brand promise through their actions, such as partnering with popular fashion designers to create affordable lines specifically for Target. This combining of differentiated products with lower prices is one way that Target incorporates its mission statement into their everyday operations. Target is still working on reaching its end goal of becoming the preferred outlet, as shown by its #2 market share position in the discount department store industry. Target is surpassed in market share only by Wal-Mart at this time ( Biesada, 2013). Three segments are operated by Target; US Retail, Canadian, and US Credit Card. Two branded credit cards, the Target Card and the Target Visa, and one Target branded debit card, offer credit to customers through the US Credit Card segment (Reuters, 2013). In 2012, the total REDCard penetration was 13. 6%, up from 9. 3% the prior year. Although more people are signing up for credit, the total revenue generated from this segment has been declining since 2010 (Target Corporation, 2013). See Exhibit 1 for US Credit Card segment details. The Canadian segment includes the recently acquired Zellerââ¬â¢s, Inc. tore locations in Canada. Start-up costs for this segment were $272 million in 2011 and $74 million in 2012 (Target Corporation, 2013). ?The US Retail segment includes Targetââ¬â¢s online business, its general merchandise stores, and SuperTargets (Reuters, 2013). Target. com is designed to allow guests to purchase products directly from online and/or to assist th em in locating the product in a store near them. To aid in differentiating themselves, Target uses the web platform to sell not only its general merchandise, but also to introduce six brands sold exclusively through this medium (Target Brands, Inc. 2013c). The online presence aids in the vision of the company by offering multiple channels through which a customer can interact with Target. The brick and mortar stores of the US Retail segment offer general merchandise and groceries through the discount chain. Target and SuperTargets differ in that SuperTargets offer a larger line of food assortments. Targetââ¬â¢s product mix includes household items, electronics, apparel and accessories, food and pet supplies, and home furnishings (Reuters, 2013). Exhibit 2 shows the percentages of sales each category holds. Within the retail segment, a portion of Targetââ¬â¢s sales are generated through a mix of nationally branded goods, as well as private-label brands. In addition to general m erchandise, Target also generates revenues from facilities in store ââ¬Å"â⬠¦such as Target Cafe, Target Clinic, Target Pharmacy and Target Photo, and from leased or licensed departments such as Target Optical, Pizza Hut, Portrait Studio and Starbucksâ⬠(Reuters, 2013). Target Corporation generates the majority of its sales revenues from the US Retail segment and revenues have been increasing since at least 2007 according to the companyââ¬â¢s past 10K forms.Even through the 2008 recent recession, Targetââ¬â¢s sales revenues have continued to increase within this segment (Target Corporation, 2013). Sales revenue overall, including all three segments, also has been rising since at least 2007. Although revenues continued to increase through the recession, net earnings dropped from $2,849 million in 2007 to $2,214 million in 2008. Targetââ¬â¢s net earnings recovered and have been increasing every year since the recession (Target Corporation, 2013).In addition to incre asing sales revenue and net earnings, Targetââ¬â¢s stock prices have also been above both the S&P and Dow Jones indexes for the last 10 years (Target Brands, Inc. , 2013d). See Exhibit 3 for US Retail Segment sales figures and Exhibit 4 for other selected financial data. ?The Target Corporation currently operates 1,784 of these SuperTarget and Target stores in the United States, as well as their online site, Target. com. Target recently began expansion into Canada; 24 stores are operational at this time (Target Brands, Inc. , 2013b).Target plans to continue with its growth tactics through 2013, bringing its Canadian fleet up to 100-150 stores (Biesada, 2013). At the same time that Target is expanding into new markets, the company is also penetrating further into existing markets with plans to remodel more of its store formats and to include additional food assortments. According to Hoovers, ââ¬Å"nearly 900 Target stores (up from 462 last year) now feature expanded food assortme ntsâ⬠¦In fiscal 2013 Target plans to remodel an additional 230 general merchandise Target stores â⬠¦Ã¢â¬ (Biesada, 2013).The remodeled stores, with better food assortments and innovative design changes, seem to be part of a strategic effort to stay competitive with the only company out-performing them, Wal-Mart. ?Finally, the Target company operates using an integration strategy, and is one of few companies that has found success using this type of strategy. As IbisWorld states, ââ¬Å"Target offers daily essentials and consumables at discounted prices; however, the company has carved out a niche market by focusing on selling fashionable and trendy productsâ⬠(IBISWorld, 2012).Target is unique because it has successfully managed to operate with low costs while providing differentiated products that satisfy their customersââ¬â¢ needs and wants. Being able to continuously offer quality, innovative products while keeping costs low lays a foundation for the company to create competitive strengths on. Analysis Strengths: ?A couple of strengths that we found Target is posting is their large variety of product and brands. They offer a wide arrangement of goods that can attract an excessive amount of consumers to come through the store.Another strength that Target holds is a strong internal logistics structure. Their 37 distribution centers located across the US gives them a strong chance to open more stores, and reach more potential customers. (Target Co. ) They also offer the convenience of online shopping for all of their customers, not only offering ease of shopping, but also allowing those who may not have a target nearby still enjoys their goods. We also found that Target is in a unique position in respect to their current sales, over the last few years they have consistently posted growth in revenue, and gross profit.Weaknesses: ?A weakness that was found through our research was a decrease in liquid capital over the last 2 years, potentially making it difficult to manage working capital and operational needs. Furthermore, they have increased the total debt that they are obliged to, making the lack of current assets evermore detrimental. Another possible weakness is their lack of exposure to countries other than the US, they are currently only operating inside the US which could pose many problems due to their dependence on one market. Target Co. ) Opportunities: ?There are plenty of opportunities for Target when it comes to the expansion of their company into new markets. In 2013 Target will take its first step into an international market when they expanded in to Canada, creating Target Canada Co. (Target Co. ) Target has opportunities to expand their products, and broaden the breadth of their goods, especially the expansion of private label brands. Threats: ?The largest threat to target is that it is in a highly competitive market.There are a plethora of other stores selling the same goods, as well as the threats of counterfeit goods in the industry. (Target Co. ) Another threat is the potential of change in consumer preferences, creating a lack of demand for Targets goods. Threat of Substitute Products: ?We feel the threat of substitute products is high, there are many stores that offer similar goods that could be considered more attractive than buying from target; usually this is derived from the desire to obtain private label goods. Intensity of competitive rivalry in the Industry: The competitive rivalry within the industry is high, there are many companies competing against each other for the same customers, and market share. On top of the brick and mortar traditional shopping, there are now arising e-commerce competitors that intensify the competition within the industry. Threat of new Entrants: ?Considering the wide arrangements of goods offered by Target, we believe that the threat of new entrants is high. Itââ¬â¢s also a highly competitive market, will low barriers of entry, so the combination of those two things creates an ease of entry for new ventures.Power of Buyers: We find that the power of buyers is high at Target, while they may not have much negotiating power within the store; they do have many options on where they are going to buy the particular good, which gives them the power to shop around and find the price that they like. Power of Suppliers: ?The power of suppliers at Target is low, since there has been a decrease in import barriers that has caused an increase in competition between suppliers. So the power of the suppliers to name the price has nearly been eliminated.Sustainable Competitive Advantage ?To operate effectively in the discount retail industry you need to be able to master some key functions, not only to achieve competitive advantage, but also to make it sustainable. Target displays a couple features we have noticed, that we feel allows them to obtain a sustainable competitive advantage. These SCA factors consist of the ability to m anage and perform off a highly effective supply chain and the ability to achieve high economies of scale, due to their huge market presence and mix of private branding. One of the factors that helps Target obtain an effective supply chain is the wide geographical coverage of their distribution centers. They currently control and operate 37 distribution centers ranging from the West Coast of Lacey, Washington all the way to the North East location of Wilton, New York. By having multiple disperse locations they have allowed themselves the opportunity to expand across the whole country. They have the capabilities to service any of their 1,700 plus stores in a timely manner.This in turn creates a larger geographical market to operate in effectively that some of their smaller competitors may not have the means to. ?A second important factor that Target masters is its offering of diverse products coupled with high economies of scale. Target offers product lines in departments such as; hou sehold, hardline goods (non-informational goods), apparel and accessories, home furnishings and food and pet supplies. By doing this they create a one stop shop effect which holds a high convenience factor in the eyes of consumers.In 2010, the highest percentage of sales was in household goods at 24%, the lowest percentage was food and pet supplies at 17% (Target 2012 10k). These statistics support the idea that Target is not just specialized in one department, but has been able to offer a wide variety of products, all of which hold a high demand. Coupled with the wide diverse product range, Target has been able to do this while achieving high economies of scale. They have incorporated 30 plus mixed and licensed brands which helps keep their operating cost low, giving them a higher profit margin.In addition, Target outsources their goods to multiple countries which helps generate lower costs. They currently have 27 offices in 18 different countries. Problems Moving Forward ?Looking forward, Target may continue to see problems in a couple areas. They currently face the struggles of competing with Wal-Mart internationally, driving traffic through their store/ online website and the ability to implement quality control. ?The biggest current problem is competing with their largest competitor, Wal-Mart, at an international level and depending solely on the American market.It is known that the American economy has taken a hit in the recent past and that can be reflected in Targetââ¬â¢s recent profits. Being solely dependent does not allow them to mitigate their risk, which Wal-Mart has done by tapping into different countries. This may not be an existing problem for long. Target is exploring the Canadian market and expects to have 125 of 135 stores remodeled and opened in the years 2013-2014. This shows some promise because over 30,000 Canadians currently hold Targetââ¬â¢s REDcard, which shows a strong brand presence (FOX). A second problem Target faces is dri ving consumer traffic through their stores and website. With the new emerging strategy of E-Commerce, consumers now have the ability to shop online in the comfort of their own home. This adds more competition to the market that Target already faced and these new entrants have the option to operate at a minimal cost. ?The last pressing issue Target may face for the future is quality control. Dating back to the start of 2012 and currently into the 2013 year, Target has recalled over 55 products sold.This damages the image of Target and the products it offers. We do not believe this should hinder their operations too heavily but it is something to take notice of and work on fixing for the future (Target). Strategic Recommendation Our strategic recommendation for Target is to implement a comprehensive, multi-pronged, in-store advertising campaign that focuses on organic and all natural products sales and promotions. Targetââ¬â¢s commitment to healthy living and high wellness standard s is consistent with the benefits of this growing organic market.Target is able to add to their bottom line by tapping into this already established market, stealing market share from other retailers, and creating a new demand with non-organic users. Organic food sales in the U. S. comprise nearly half of global organic food sales. The global organic market reached $54. 9 billion in 2009, more than triple the $18 billion recorded in 2000 (Organic Agriculture in Wisconsin). Target has met the needs of the rapidly growing demand of healthier foods, more effective forms of exercise, and a booming interest in organic products, but have not taken full advantage of the market opportunity.Recently Target and Harris Interactive carried out a survey that polled American families and found that consumers are confused about how, why and where to shop for organic foods. Many families are unfamiliar or even unaware of the benefits of the organic foods and products. For instance the study showed that, ââ¬Å"one-third (34 percent) of consumers surveyed believe that organic foods are superior to non-organic foods, but nearly two-thirds (61 percent) want to be better informed on the value of where it pays to buy organicâ⬠(Organic ConsumersAssociation). It is not enough to just offer organic food and natural products, Target needs to educate their consumers and persuade them to buy those products offered at Target. ââ¬Å"People want to know more about organic products and where to best spend their money on them,â⬠says Dr. Susan Mitchell, registered dietitian and SuperTarget Health and Nutrition Expert. ââ¬Å"Target provides their guests with product choices for the whole family; products that enhance their lives in an affordable and accessible way.When it comes to feeding your kids, certain conventional choices are fine, but parents should be informed on where organic is the better bet. With the new Archer Farms organic product, Target has made it easy for parent s to make better decisions on what to feed their familiesâ⬠(Organic Consumers Association). Not until recently have a vast percent of our generation been diagnosed with allergies related to gluten, wheat, soy, etc. This is growing allergies are found to be passed on through genetics, and is only treatable through dietary changes.This means that the market will only continue to grow in future generations, not only by people who have the allergies, but also chose to limit their nutritional diet by choice for health reasons. Many companies now carry gluten free and organic food lines permanently and these product lines are continually growing. ââ¬Å"a 2011 survey by the Organic Trade Association found that more than three-quartersââ¬â78 percentââ¬âof U. S. families are buying organic food, up from 73 percent in 2009. Forty percent of families say they are buying more organic food now than they were a year agoâ⬠(Organic Trade Association).In order for Target to full y tap into this growing market, they will need to continue expanding their current food departments in Target stores or convert them into Super Target stores. Target invested $500 million in 2010 in a new push on groceries, retrofitting some of its general merchandise stores with full-blown food sections. Sales and traffic at stores with the new grocery areas are about 6 percent higher than at similar stores without them, the company says (NY Times) Last year, nearly 1,000 Target stores offered an expanded food layout.At these Target stores, approximately 10,000 square feet is dedicated to a vast array of fresh food choices, including a curated assortment of fresh produce, fresh packaged meat and pre-packaged baked goods, in addition to dry and frozen offerings. By the end of 2012, more than 1,100 Target stores offer the expanded fresh food layout compared to 450 in 2010 (Target Press Release). Annette Miller, Targetââ¬â¢s senior vice president for grocery, said she expected an e xpanded food department to move into most Target stores eventually.While the gross margins of the grocery business are about 18 percent, well below those of retail, which are about 30. 5 percent, groceries both drive visits and make existing stores more profitable, said Colin McGranahan, an analyst with Sanford C. Bernstein (NY Times). Target and Super Target carry many private labels and brands that specialize in healthy lifestyle and organic products. The Archer Farms brand offers organic products while remaining exclusive to Target, and continues to expand their brand with new product introductions regularly.Both Super Target and Target stores will continue to offer a variety and vast selection of organic products to meet the needs of all their consumers (Organic Consumers Association). Since Target Corp. has been successful with the launching and selling of their exclusive organic product lines, as well as mainstream brand organic products, we feel they need to focus on this dem and instead of starting a new venture. ââ¬Å"Target is committed to helping guests see the value of organic products and their role in maintaining a healthy lifestyle,â⬠says Greg Duppler, senior vice president, Target. We want our guests to have one-stop access to the healthy products they need without sacrificing the convenience and value that Target consistently delivers through our owned brandsâ⬠(Organic Consumers Association). There is a lot more opportunity in this market than they have tapped into and we feel they should expand their educational programs and initiatives for them to fully take advantage of the organic product demand. Since Target Corp. already has the brand equity and brand awareness, we want to make their consumers more aware of the benefits and facts about living a healthy lifestyle and using organic and all natural products.Although Target has different advertisements and programs about healthy lifestyle, we feel they could incorporate a greater amount of product promotion and educational programs to increase their both their sales and brand image. Target Corp. needs to focus some of their advertising dollars on promoting these organic product lines. Not only the food and produce, but also the organic body care lines, and organic cleaning and household products. Organic is not just food. Over 2 billion worth of organic fiber, cosmetic, and household products were sold last year (Consumer demand for organic food boosts sales).They should increase and reposition their in-store signage and displays to create buzz and inform the shoppers of what organic products they carry. Similar to Publix ââ¬Å"GreenWiseâ⬠organic section in their store, Target should group their organic products together in each department of the store with attention grabbing, easy to read signage. Each department will include an organic aisle or section with end-cap aisle displays. Within these displays they will include informative, educational fac ts or promotional videos explaining the benefits of the organic products versus the non-all natural products.Larger signage and end-cap aisle displays will increase awareness and curiosity. Many people do not want to take the time to research the information about organic products, but if Target offers it in the store, the consumers will be more likely to read it and become interested in the product lines. ?Many shoppers associate organic products and food to Publix and Whole Foods, but we want consumers to also include Target in this category. This advertising boost is more of an initiative than a campaign, to increase awareness and drive profitability in the all-natural product market.We want to enhance Targetââ¬â¢s brand image by incorporating more healthy lifestyle programs. Target would build and enhance their ââ¬Å"wellnessâ⬠section of their website for consumers to educate themselves on everyday wellness tips including organic foods and product ads, recipes, article s regarding the benefits of all-natural products. This would also include fitness tips, Target ads for exercise related products, vitamins, and more. We will focus this initiative towards mothers or heads of the households who do the family shopping. Why do people buy organic food? Parents tend to be motivated by health concerns.The Organic Trade Association found that nearly half of parents surveyedââ¬â48 percentââ¬âwere motivated to buy organic food because they believe it is healthier for themselves and their children. Other motivators for parents include concerns over the effects of pesticides, hormones and antibiotics on children, and avoidance of highly processed food and artificial ingredients (Haumann). Many organic consumers are mothers who care about the wellness of their children and families, so we will focus mainly on healthy lifestyles for families. We will also offer special shopping lists and recipes for food allergies.Many mothers already shop at Target for their everyday needs and we want them to also buy any of the food products they can while they are there, especially organic. Based on these numbers, the organic food and beverage industry presents an opportunity for growth in both revenue and jobs during the downturn. Target has a huge advantage with their Red-card, that shoppers who have this credit or debit card receive 5% off their entire purchase every time they shop at Target or Super Target. This is another discount on top of Targetââ¬â¢s everyday low prices compared to Whole Foods, Publix, and World Market.No other grocery store offers a credit card that allows a discount every time they shop, on top of sales and promotional items. With this Red-card, we suggest Target offers additional discounts, like Win-Dixie does with their shopping card. The consumers would receive Bo-Go discounts, weekly promotional prices on certain items and more when they use their Red-card to buy groceries. This would increase their credit card sales, total purchases, and especially grocery and food sales (exhibit). The marketing and advertising of this wellness and organic initiative will cost about $3. million for four months of in-store promotion and an additional $500k for enhancing Targetââ¬â¢s website design. Remodeling an existing store to include the expanded fresh food layout requires an investment of around $1. 5 ââ¬â 3 million, of which about 60 percent is related to merchandising initiatives like the expanded food selection and transformations in Beauty, Home, Shoes and Baby (Target Summary Financials) Our expanded fresh food layout offers around 90 percent of the food categories found in a Super Target with about 60 percent of the items, in approximately half of the space devoted to food in a Super Target (Target Summary Financials).With every store Target remodels to expand their grocery department, they increase their revenue by at least 6 percent. The advertising and in-store promotions will increase revenue by at least 4 percent within 6 months after we begin the initiative and increase total organic food sales by 12 percent within the year. This is a perfect time to start the in-store organic promotional campaign for Target. Summer and early fall is the highest revenue time for organic produce. Since the advertising and promotional collateral will mainly stay in-store and online, we can start right away and be ready to launch within 45 days.The website can be enhance as soon as possible, as well as the start of training for the current employees. Exhibit 7 in the Appendix shows a proposed timeline for our strategic recommendation for Target Corporation. Fallout and Summary These are the risks associated with our recommendation 1. Higher prices for organic food and products 2. Lack of demand and interest in organic food and products 3. Increase in a. operation costs for training of employees on education of organic benefits etc. and additional employees b. dvertising/marketing costs for signage and promotional advertising of organic product lines and foods c. costs associated with updating website content d. costs associciate with creating and expanding educational programs and sponsorships that promote organic products and food and healthy life styles References: 1. Organic Consumers Association. Another Big Box Chain, Target, Jumps Onto Organic Bandwagon. 28 Sept. 2006. Web. 05 Apr. 2013. . 2. Biesada, Alexandra. Target Corporation. 2013. Web. 5 April 2013. . 3. Clifford, Stephanie. ââ¬Å"Big Retailers Fill More Aisles With Groceries. The New York Times, 16 Jan. 2011. Web. 6 Apr. 2013. . 4. Organic Agriculture in Wisconsin. ââ¬Å"Growing Demand for Organic Food: A Bright Spot in a Tough Economy. â⬠N. p. , Feb. 2012. Web. 06 Apr. 2013. . 5. Haumann, Barbara. ââ¬Å"Seventyââ¬âeight Percent of U. S. Families Say They Purchase Organic Foods. â⬠2011 Press Releases. Organic Trade Association's Organic Newsroom, Nov. 2011. Web. 09 Apr. 201 3. . 6. IBISWorld. Major Companies. 2012. Web. 5 April 2013. . 7. Reuters. Profile: Target Corp (TGT). 2013. Web. 5 April 2013. . 8. Target Brands, Inc. corporate fact sheet. 2013. Web. 5 April 2013b. 9. Target Brands, Inc. shop Target's exclusive online-only brands. 22 January 2013. Web. 5 April 2013. . 10. Target Brands, Inc. stock information. 2013. Web. 6 April 2013. . 11. Target Brands, Inc. Target tops for customer experience. 5 March 2013. Web. 5 April 2013. . 12. Target Corporation. ââ¬Å"Form 10K. â⬠10K. 2013. PDF. 13. Target Corporation ââ¬â Financial and Strategic Analysis Review. 5-Nov-2012. Web 5 April 2013. reference code: GDRT33397FSA . 14. ââ¬Å"Target Remodels 90 Stores to Expand Fresh Food Selection. â⬠Press Room. Target Corporation, 24 Apr. 2012. Web. 09 Apr. 2013. .
Monday, January 6, 2020
The Lottery Short Story - 847 Words
Irony is defined as using language that often signifies the opposite of what is meant, and it is usually used for emphatic or humorous effect. In literature, there are three main types of irony: situational, verbal, and dramatic. ââ¬Å"The Lotteryâ⬠is a short story written by Shirley Jackson, and it is a great example of a story that uses all three types. Parts of the story and the whole story itself use irony to confuse but entertain the reader. Situational irony is defined as something happening that was the opposite of what was expected. ââ¬Å"The Lotteryâ⬠uses situational irony for the entire plot of the story. In the beginning of the story, families are gathering in the town square to draw names for a lottery. The setting is a very nice summerâ⬠¦show more contentâ⬠¦Near the middle of the story, the text states, ââ¬Å"ââ¬ËThey do say,ââ¬â¢ Mr. Adams said to Old Man Warner, who stood next to him, ââ¬Ëthat over in the north village theyââ¬â¢re tal king of giving up the lottery.ââ¬â¢ Old Man Warner snorted. ââ¬ËPack of crazy fools,ââ¬â¢ he said.â⬠This piece of text persuades the readers into thinking that the lottery is rewardful because Mr. Warner and others in the town do not want to give it up. It is also ironic because Mr. Warner believes that the lottery is a tradition and should be continued, but the lottery is actually terrible because it kills innocent citizens. This characterization of Old Man Warner and other reluctant townspeople is essential to the story because those people are the ones trying to prove the lottery as good. Another example of verbal irony is when Nancy and Bill, Jr. smile and laugh, even though their mother is going to be stoned to death. Although this example does not contain any dialogue, it could still be described as verbal irony because the children are laughing in an inappropriate situation. Verbal irony can be found all throughout the story in dialogue and writerââ¬â¢s desc ription, and this creates very unique characters and an interesting plot. The last type of irony used in ââ¬Å"The Lotteryâ⬠is dramatic. Dramatic irony is defined as, ââ¬Å"when the audience knows something a character does not.â⬠This short story uses dramatic irony throughout the entireShow MoreRelatedThe Lottery Short Story983 Words à |à 4 Pages Characters better help analyze a piece of literature. However, taking two different stories to give them a similar meaning is beneficial. In ââ¬Å"The Lotteryâ⬠the author uses setting to back up the old tradition as being a right thing to follow rather than questioning it, while ââ¬Å"The Necklaceâ⬠shows the struggle of fitting into society through the use of imagery and setting. To begin, ââ¬Å"The Lotteryâ⬠is a short story about how a society persecutes a person as a tradition every day. This work shows theRead MoreThe Lottery Short Story Analysis1122 Words à |à 5 Pagesââ¬Å"The Lotteryâ⬠, a short story by Shirley Jackson reflects humans deepest nature on tradition. Jackson uses routines as a way of illustrating the festival like qualities of the annual lottery. The setting of vibrant colors in the short story conveys a peaceful tone.The characters are portrayed as loving and caring. The ideas of a festival like a lottery, a homey setting and, the peoples actions all help develop the bigger idea. The people and tradition Shirley Jackson in her short story the ââ¬Å"TheRead MoreThe Lottery Short Story Essay989 Words à |à 4 PagesThe Lottery is a short story written by Shirley Jackson published in the New Yorker in 1948. The setting takes place in a small town in America made up of about 300 residents on a beautiful sunny June day. The ma in characters in the lottery are Tess Hutchinson a housewife, Mr. Summers the town leader who officiates the lottery and Bill Hutchinson. Tessas husband. Some supporting characters are Miss Delacroix, Tessas friend Mr. Graves and Davey Hutchison, Tess and Bills young son. The plot of theRead MoreCriticism in the Short Story The Lottery1660 Words à |à 7 Pagesï » ¿ Criticism in The Lottery This paper will examine the short story, The Lottery, by Shirley Jackson, with the aids of lenses such as cultural criticism and feminist criticism. The story was written and published just as the twentieth century reached its middle point. The setting of the story takes place in small town America. The success of the story comes from Jacksons applied knowledge of stereotypes of things such as America, small town America, families, and women. Jackson plays on culturalRead MoreThe Lottery Short Story Analysis962 Words à |à 4 PagesDestructive Traditions Within The Lottery Shirley Jacksons The Lottery, raises many questions in the back of a readers mind towards the destructive yet blind rituals of mankind. The Lottery clearly expresses Jacksons feelings concerning mankinds evil nature hiding behind traditions and rituals. As her theme, she shows how coldness and lack of compassion in people can exhibit in situations regarding tradition and values. Jackson presents the theme of the short story with the use of symbols andRead MoreThe Lottery Short Story Analysis1214 Words à |à 5 PagesThe short story ââ¬Å"The Lotteryâ⬠written by Shirley Jackson begins with villagers gathering in the square, between the post office and the bank, to participate in the lottery which is not what it seems like because the storyââ¬â¢s surprising ending reveals that Tessie Hutchinson, who draws the slip of paper with the black spot on it is stoned to death when the lottery ends. Shirley Jackson reveals through the use of irony, foreshadow, and symbolism in the story how much people can get caught up in maintainingRead MoreThe Lottery, And Kurt Vonnegut s Short Story1208 Words à |à 5 PagesShirley Jackson s short story The Lottery and Kurt Vonnegut s short story Harrison Bergeron do share a similitude in subject, especially as far as scrutinizing the Status Quo, and the resilience of counterproductive social practices for compliance. Th ere is likewise a comparability in that both stories show two extremely homogeneous social orders that mean to keep up their solidarity through basic practices that lead more to bring about apprehension than to lead towards change. Moreover, duringRead MoreA Review of Shirley Jacksons Short Story The Lottery643 Words à |à 3 PagesShirley Jacksons short story The Lottery offers a disturbing vision of small-town life, mob mentality, and social conformity. The author uses a number of literary techniques to capture the mood, tone, and theme of The Lottery. One of those techniques is foreshadowing. Foreshadowing in The Lottery helps build the suspense that makes the story so effective. The meaning of the titular lottery is not fully revealed until the end of the story. Jackson compels the reader to discover why the childrenRead MoreEssay on Comparison of Jacksons Short Story The Lottery to the Film 602 Words à |à 3 Pagesmay have. In Shirley Jacksonââ¬â¢s short story, ââ¬Å"The Lotteryâ⬠, a sacrifice of oneââ¬â¢s life becomes the ââ¬Å"jackpotâ⬠of an annual event held in a small town. This societyââ¬â¢s traditions have caused the people to do away with their rational thoughts and the values of their lives as they have become so stuck in their own cultural beliefs. In the short story, ââ¬Å"The Lotteryâ⬠, Jacksonââ¬â¢s use of symbols reveals a twisting plot that isnââ¬â¢t recognizable until nearly at the end of the story. Her use of third person pointRead MoreWinning is a Nightmare in Shirley Jacksons Short Story, The Lottery556 Words à |à 3 Pagespeoples minds winning the lottery would be a dream come true. Its something that everyone wishes they would win; But what happens when the prize you get once you win the lottery isnt a blessing but instead a nightmare. In the short story, The Lottery by Shirley Jackson, it portrays a beautiful small village full of happy people in New England. By the use of symbolism and foreshadowing, Jackson uses the setting of the town, certain objects, and the characters in her story to indicate the true meaning
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