Case: Target, Inc.

Please answer the following questions. Limit your responses to four pages total (double spaced). They will be graded based on effort, not correctness. These should provide a good foundation for our next class discussion of the case.

1. How does Target’s business model different from that of Walmart? Who performed better financially? What are some of the evidence?

2. Do you think Ackman’s demands for strategic changes at Target are justified, given Target’s strategy and its financial track record? Comment on each of the proposed changes.

3. What could be some of reasons for and against Ackman’s proposal for a major board change?