Auditign
Strategic Risk Assessment Template
(Complete a separate template for each identified business risk/threat)
Company Name: Target Corporation
Business Objective: Target Corporation is committed to begin premier in every facet of their business for their guest, their team members, their shareholders and the communities they do business with.
Strategies to achieve the objective (more than one): Target Corporation strives to achieve the different objectives by:
Delighting their guests through consistent delivery of their "Expect More Pay Less" brand promise.
Creating a workplace in which the individuality of Target's team members is valued and high performing team members can excel.
Pursuing strategies that generate average annual earnings per share growth of 15 percent or more over time.
Demonstrating leadership in corporate governance.
Ensuring the ongoing health and strength of the communities in which Target's operate through financial support of education, arts and social action organization, volunteerism, and respect for our physical environment.
Critical Success Factors:
To succeed, an organization needs: Target Corporation needs to focus on continuous improvement,
consistent with the strategy they pursue throughout their business in their merchandising, their stores, their systems and their supply chain.
Business Risk/Threat [including Impact/Implications and Likelihood (high, low, moderate)]:
Although Target has 3 main competitors, Wal-Mart is its primary competitor in relation to its cost differentiation strategy. This is due to Wal-Mart being a low-cost leader in the retail industry.
Wholesale stores, such as Costco and Sam's, are also Target's competitors because they are continuing to differentiate themselves by offering more varied products and of a higher quality. Another competitor risk that...
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