Project Management Report: Factors Behind Target Canada's Failure
VerifiedAdded on 2021/12/13
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AI Summary
This report examines the failure of Target's Canadian expansion, focusing on the project management aspects. It identifies key factors such as the rushed and oversized entry into the market, the emphasis on physical stores over e-commerce, and the failure to understand the Canadian market's dynamics. The report highlights the principles that were not followed, including inadequate market research and flawed marketing strategies. Furthermore, it proposes mitigation strategies, emphasizing the role of a project manager in aligning business requirements, satisfying customer demands, and adjusting discount rates to improve customer engagement. The analysis underscores the importance of competitive advantage and strategic planning in international business ventures, offering valuable insights into the complexities of project management and market entry.
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