Target is an iconic brand, a Fortune 50 company and one of America's leading retailers.
On pace with one of the world's best-loved and most recognized retail brands, Target Strategy & Innovation is focused on the future. We are at the center of developing and enabling how Target evolves to meet the changing needs of our guests while winning a competitive global retail marketplace. Here, you will partner with internal contacts and external firms in a wide variety of roleswhether you're a technical engineer in San Francisco or a corporate strategist at Target headquarters in Minneapolis. Do you love the idea of helping to shape Target's long-term strategy development? Are you a champion for rigor and process to ensure successful strategic planning? Can you bring your energy and big ideas to the table in order to build momentum in new business innovation? Then bring your talent to the game and join us in bringing to life a portfolio of initiatives designed to move Target forward.
As the Principal of Enterprise Strategic Partnerships, you will nurture and maximize relationships with key business partners to drive new growth opportunities for Target. This role will steward the overall enterprise relationship with partners and support Target's senior leaders in holistic planning, identification, and management of enterprise-wide initiatives with partners that create mutual value. These initiatives will likely be complex, horizontal programs that require driving efforts with SVP and above leaders at both the partner and Target.
The scope of work includes, but is not limited to:
building and maintaining relationships with external strategic vendors, in partnership with key leaders in Merchandising, Marketing, Technology, Operations, and Finance
providing strategic and financial analysis for new opportunities and quantifying value across the enterprise to enable strategic trade-off decisions
championing and influencing support for strategic and emerging initiatives both internal and with potential partners
leading trade-off and synergy discussions with function leaders (S/VP+) to maximize value for Target
leading and organizing Top-to-Top executive meetings inclusive of LT / CEO prep and regular updates for key stakeholders for identified strategic partners
A successful Principal of Enterprise Strategic Partnerships can build great relationships with partners, create clarity around ambiguous opportunities, influence internal and external senior leaders, drive leadership alignment, manage complex horizontal programs, and facilitate structured and productive leadership conversations with partners.
Principal Duties and Responsibilities
Owning and driving all aspects of relationship development with key partners including engagement planning (cadence, calendar, etc), outlining meeting strategy for exec / C-level meetings.Align and influence Target's C-suite / executive team and key business leaders across the organization
Leading and managing key negotiations related to partner contracts including but not limited MSAs, NDAs, SOWs, IP ownership, in partnership with Legal
Developing strong and multiple relationships with key leaders of the strategic partners organization (ie. seeding a network of contacts, understanding the partner organization's structure key influences and decision makers)
Initiating major aspects of consulting-like engagements that identify key strategies for driving Target's business with platform partners, including defining scope of work, resourcing (people, consultant, technologists, research, etc.) and end-end budget oversight.
Driving a comprehensive portfolio review with key leaders across internal and external.Identifying, advancing and monitoring new projects and outline key measures of success across firms.Managing and tracking issues and driving them to timely resolution.
Lead cross-functional teams across the enterprise and effectively influence without authority to drive business decisions and advance long-term transformation efforts centered around platform commerce and interrelated strategic initiatives
Extracting relevant insights to inform Target's relationship trajectory and proactively monitoring / assessing the landscape to define material growth opportunities for Target.
Collaborating with Finance to quantify the P&L for relationships with substantial monetary transactions.
Providing day-day program management for select prioritized projects
Lead, develop, and manage the career planning for analysts
Advance account / relationship management and problem resolution skills
Strong negotiation and influencing skills
Exceptional written and verbal communication skills with the ability to present complex technical information in a clear and concise manner to variety of audiences; strong executive presence
Strong digital acumen, understanding of forward leaning and emerging technologies.
Team-oriented, passionate about developing others' skills and capabilities
Strong sense of ownership, well organized and problem solving skills. Self-motivated.
Experience and Educational Requirements
4-year college degree + post graduate degree (MBA strongly preferred or)
A minimum of 8-10 years of work experience post-graduate school, with strong emphasis on digital, ecommerce, strategy
Prior experience with account management or consulting experience in a technology forward firm or in a Fortune 100-level corporate strategy group or corporate development.Ideal candidate has subject matter expertise in digital oriented businesses or technology.
Demonstrated experience in making recommendations to leaders at all levels of the organization, including senior C-suite executives.Proven success presenting to executives in a confident, concise, and compelling manner
Strong collaboration skills to build long-term strategic partnerships
Experience leading and developing teams