Seeing how successful his company was becoming, George Dayton created the Dayton Foundation. This is perhaps one of his strongest and most respective decisions in his business career, as he endowed the Dayton Foundation with one million dollars with the intention to contribute to the welfare of mankind. The impacts of the Dayton Foundation are still evident today. The Target Corporation continues providing opportunities to its employees and members of its community who are in need. On February 18, 1938, George Draper Dayton passed away. His son, George N. Dayton was renamed President of the Dayton Company following his father’s death. Dayton’s first significant decision occurred in 1946 when he developed the concept of returning five percent pretax profits back to communities. Redistributing five percent back into the community grew more popular overtime and continues to be a strong asset to the …show more content…
Throughout the years and through many developments, Target has revolutionized the shopping experience for all. Their current price per share at around $65.50 and current market capitalization at 36.78B illustrate just how successful they have become. While Target stores are not absolutely essential to survive, the differences they make in communities and the lives of individuals would challenge its necessity. Target is a people-based corporation. Its long-standing history of service and dedication is proof of its endless generosity. Whether or not Target constitutes a real need is questionable. It is not as vital as air or water; albeit, there is a certain sense of need to be fulfilled. Some of the priding characteristics of Target include a family-friendly focus, quality service, and generosity. It is not always simple nor easy to distinguish these qualities in the world, even when there is a need for them. Yet, Target provides all of these qualities on a regular basis. Target is a symbol of the ideals and principles in which people believe and the hope and positivity they hope to