Business
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Target Company and Project Management Essential
The table below is an overview of a target company and project management essential.
| Organizational culture | Description | Impact on the project | |
| 1.Control | |||
| Tight | .This is the extent to which policies and regulations used in monitoring the behaviors of the members | Target experienced a substantial financial loss because of the failure to observe some rules concerning sales and marketing. They focused on competition rather than build good customer relations | |
| 2.Member Identity | |||
| Organizational | It is the extent to which the members and the staffs identifies with the company | Target failed to observe organizational culture by not interacting with the Canadian people. The sense of belonging and team member identity was not there. | |
| 3.Risk Tolerance | |||
| High | Refers to how far the members and the players are to be innovative, risk-seeking and aggressive | Failure to use risk management techniques such as risk identification and risk assessment made Target lose billion of money | |
| 4.Management Focus | |||
| People | The decisions made by the company have affected the people around to this extent. | Poor financial planning and decisions made them bankrupt, and the project failed (Dongare et al., 2016) | |
| 5.Conflict Tolerance | |||
| High | The extent to which the employees can handle criticisms and conflicts | Being mindful of others has done a great deal in reducing conflicts. | |
| 6.Reward Criteria | |||
| Performance | It deals with how employees are rewarded based on their performances. | It is to motivate the members to finish the project with excellence. Employees are motivated through promotions, awards, and increased salary. | |
| 7.Open-System Focus | |||
| External | It is the response of the company towards changes in the physical environment. | Most of the customers of Target were aware of the marketing conditions in the neighboring countries. | |
| 8.Unit Integration | |||
| Interdependent | This refers to how units within the Target Company work in harmony | Sales and marketing unit of the company did not cooperate with their customers hence the project failed | |
| 9.Means versus End Orientation | |||
| Means | .It focuses more on results than processes and methods used to achieve those outcomes | Target Company focused so much on competing with its competitors to sell their products and forgot her customers’ input. | |
| 10.Team Emphasis | |||
| Group | It focuses on groups and not individuals | Target company were not willing to work together with their customers hence to project failed and low sales (Ruokonen, 2020) | |
References
DONGARE, A. V., & MULEY, A. (2016). PRE-MERGER AND POST-MERGER ANALYSIS OF FINANCIAL PERFORMANCE OF TARGET COMPANY-A CASE STUDY. CLEAR International Journal of Research in Commerce & Management, 7(8).
Ruokonen, R. (2020). Target company operating performance in private equity primary buyouts: Recent empirical evidence from the Nordics.
