Target Case

Target Corporation

Target Corporation, founded in 1902 as a retail company, is the second-largest discount retailer in the United States, Walmart being the largest. Target corporation is ranked 36th on the Fortune 500 in 2013 and is a component of the Standard & Poor's 500 index. Its bull’s eye trademark is one of its most memorable symbols.

The first Target store was opened in 1962 in Roseville, Minnesota. Target grew and eventually became the largest division of Dayton Hudson Corporation, then being renamed as Target Corporation in August 2000. Target operates 1,916 stores in the United States; it began operations in Canada in March 2013 and operates 127 locations through its Canadian subsidiary. In December 2013, a data breach of Target's systems affected up to 110 million customers.

Capital-Budgeting System

* Introduction of the capital-budgeting system

The CEC meetings last for several hours where each project receives a considerable attention by the committee members.

The main factor is to meet the corporate goal of opening 100 stores a year while maintaining its current image. While the financial factors include the following:

* Provide proper returns measured by Net Present Value (NPV)and Internal Rate of Return (IRR)....