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Boardroom Insights

Gregg Steinhafel, Chairman, President and Chief Executive Officer, Target

September 18, 2009

Gregg Steinhafel, president, chairman and chief executive officer of Target Corp., spoke Sept. 18 in the Jordan Auditorium at the Mendoza College of Business. 

Insight: “Make talent development a top priority.” 

  • I spend one-third of my time developing talent. I think it’s the most important thing that any great enterprise can focus on.  
  • Appreciate the tough times because you will learn from them. When times are easy, you get complacent, but tough times will expose all your flaws and lack of innovation. 
  • Manage your career so you know where you are on the trend curve.  You don't want to be seen as someone past your peak. Take that new assignment; stay fresh and current. That's how you maintain being wanted. 
  • To retain talent, have the right culture – a meritocracy – so employees see they can continue to grow in your organization. The No. 1 reason people leave their organization is because they feel they are not valued by their boss.  

Gregg Steinhafel, who is president, chairman and chief executive officer of Target Corp., began his career at Target as a merchandising trainee in 1979. He also holds the position of director of The Toro Co.  He is a graduate of Carroll College and Northwestern University's Kellogg School of Management.

 


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