There are two primary types of successful companies in the world: people-based companies, like Google and Apple, which are all about having great people creating amazing things; and process-based companies, like Walmart and McDonalds, which are all about reaching great efficiencies through ingenious structures. Target is definitely in the latter category, to the nth degree. And that shows in its hiring process, which is amongst the most structured around. Clearly, it is working, as the company has grown into one of America’s largest retailers and the stock has been solid, if not spectacular. But it is by no means perfect, …Read more »