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3.Most of American consumers recognize the Target Bullseye logo.
Value Proposition - Something abt target's value prop has to be filled in
Business Model Canvas
1.The median age of Target shopper is 41 years old.
Revised BMC
Recommendations
Strategic Risk
Key Assumptions
Strategic Opportunities
2.The median household income of Target's customer base is roughly $63,000.
1. Major disaster in china
1. Women find it convenient to shop at a 'one stop shop'
3.Most of the Target Customers are Females.
2. Conflict with China
KIDS
WOMEN
Play areas while moms shop
Day spa /Salons
2. Quality and competitive prices attract women of all ages
1. Data Breach
3. Strong hike in Import and Tariffs Fees
MEN
All target stores to sell fishing licences for men
OPERATIONS
24/7 store operation
4.Data Breach for Target Customers
5.Internal Conflict or Civil war in china causing production to halt.
4.Target stores tend to attract younger customers than Walmart, among other competitors.
1.Target offers a different strategy,more upscale trend merchandise at lower cost.
6.Entire IT infrastructure failing and no backup causing delay in business transactions.
2.Target offers high quality merchandise at lower cost.
3.Target delivers Good quality at great price.
4.Target designed strategy is to be more attractive than large big-box stores by having wider aisles, drop ceilings, a more attractive presentation of merchandise, and generally cleaner fixtures
Introduction
Business Model canvas can be viewed as service -oriented business,establishing AS-IS and to- be business models.
The Business Model Canvas is a strategic management and entrepreneurial tool that helps describe, design, challenge, invent, and pivot a business model. It gives people a common language through which they can evaluate traditional processes and bring innovation into their business models.