MINNEAPOLIS--(BUSINESS WIRE)--Nov. 20, 2009--
Target today announced the company has been named to the 2009 list of
Top Companies for Leaders in North America. Top Companies for Leaders is
the most comprehensive study of organizational leadership in the world,
conducted by Hewitt Associates, a global consulting and outsourcing
company, in partnership with The RBL Group, a strategic HR and
leadership systems advisory firm, and Fortune. An expert panel of
independent judges selected and ranked winners based on criteria
including strength and depth of leadership practices, culture, examples
of developing world class leaders, business performance and company
reputation.
Target ranked number 12 on the list, which includes a total of 25
companies. When comparing the North America Top Companies for Leaders
with 177 other companies, Hewitt identified one distinguishing
characteristic that sets them apart from their peers—even during the
economic downturn, North America Top Companies remained committed to
building leadership capability within their organizations. In other
words, tighter budgets and fewer resources forced these organizations to
think and act smarter and more creatively about what really mattered
when it came to leadership—but they didn’t lose focus.
“We are passionately committed to leadership development and view it as
critical to our long- term success,” said Gregg Steinhafel, chairman,
president and chief executive officer of Target Corporation. “We
recognize that the strength of our brand and our strategy over time lies
in the talent and dedication of our team and the strength of our
leaders.”
“Hewitt would like to congratulate Target as being named one of the
North America Top Companies for Leaders,” said Bob Gandossy, global
practice leader of Hewitt’s Leadership Consulting practice. “All global
companies today are facing a number of complex business and economic
challenges. Through our research, it’s clear that Top Companies such as
Target do not abandon key leadership and talent efforts in favor of
short-term goals. Leaders at these organizations are passionate and
committed. They have an intense focus on talent and their leadership
programs are practical, relevant and aligned with business goals--in
good times and in bad. This mindset is not only what sets North America
Top Companies apart from the rest, it’s what differentiates successful
businesses from unsuccessful ones.”
About the Top Companies for Leaders Study
The Top Companies for Leaders study includes 537 organizations around
the globe, with an average employee size of 31,443. Eighty-two percent
of the participating companies had revenues of $100 million or more.
Nearly 42 percent have operations in all regions around the globe.
Hewitt, The RBL Group and Fortune utilized a three-step screening
process to identify the finalist companies. This included assessing
survey responses, conducting in-depth interviews and analyzing financial
performance in relation to industry. Hewitt provided this information to
a panel of independent judges in each region to select and rank a 2009
Top Companies for Leaders list in Asia-Pacific, Europe, Latin America
and North America.
About Target
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,744
stores in 49 states nationwide and at Target.com. Target is committed to
providing a fun and convenient shopping experience with access to unique
and highly differentiated products at affordable prices. Since 1946, the
corporation has given 5 percent of its income through community grants
and programs like Take Charge of Education. Today, that giving equals
more than $3 million a week.
Source: Target Corporation
Target Corporation
Media Hotline, 612-696-3400
