“Target taps outsider as CEO for needed shakeup” was the headline in a fairly recent story in the Star News. The story interested me on a number of levels. My firm, EASI Consult, is in the talent management business. We help organizations figure out the requirements for a position, whether it be CEO, president or another high-level executive role. We then assess potential candidates through testing, interviews and other criteria. Finally, we tell the hiring team where a candidate will be strong and a good fit, and also where he or she may lack a capability and struggle.
The Target story also interested me as my firm knows several people in the Talent Management area at Target. I know the person who heads Talent Management at Pepsico. Brian Cornell, the new CEO at Target, left the position of CEO Pepsico America Foods. The Star News article went on to say that Cornell was the first outsider to be appointed at Target. Cornell replaced CEO Greg Steinhafel, who resigned after the data breach during the run-up to the holidays. Cornell also brings experience as a CEO at Sam’s Club, which is a plus in terms of understanding Target’s competition.
One area where my firm sometimes gets involved with an organization is in helping it articulate a plan or way forward. When a person takes on a new role, like Cornell, there is often talk about the first 100 days. A new CEO needs to be laser-focused in terms of his or her priorities. What the CEO is able to accomplish in that first 100 days will in large part set the tone for the rest of his or her tenure.
So what are the issues that Brian Cornell must address? Here are a few, according to the Star News and a July 31 USA Today article:
Intracoastal Angler To Grow With Two New Hampstead Stores
Emma Dill
-
Apr 30, 2024
|
|
Coyne Returns To Law Firm's Wilmington Office
Staff Reports
-
Apr 30, 2024
|
|
Wilmington-based Fishing App Wins NC IDEA Grant
Audrey Elsberry
-
Apr 30, 2024
|
|
Apartment Plans Move Ahead On Wooster Street
Emma Dill
-
Apr 29, 2024
|
|
Design-build Firm Welcomes Falvey As Director
Staff Reports
-
Apr 30, 2024
|
Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...
Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...
With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.