A lot of executives say they have an open door policy but do little to actually encourage the kind of approachability implied by the term. Not Target Chair and CEO Brian Cornell. Since being hired as CEO at retail giant Target—that’s nearly 2,000 stores plus 400,000 team members—he has literally immersed himself in developing close mentoring relationships with his teams.
And he’s done it by taking 10-15 of his officers at a time on a two-day, “accelerated mentorship program” during which Cornell and his team travel to different parts of the country, spend time in Target stores and distribution centers, and meet with board members or shareholders—even other CEOs who have something to teach them.
He does multiple immersions each year.
“It’s a chance to build connections, it’s a chance to teach and give them new experiences,” said Cornell during the podcast. “I took a group to Memphis, where we’ve had a long partnership with St. Jude Children’s Research Hospital, but also to experience the Target House where in any given week, we support 100 families whose children are going through cancer treatment. It gives our team an amazing sense for the values of the company and the impact we’re having.”
Nothing breaks down individual “walls” and builds trust faster than an open door that leads out of the building and into the world beyond a company’s four walls. First, explains Cornell, it’s educational. “They’ll have certain memories and perspectives now on the business that they’ve never had before,” he said of his fellow travelers.
Second, these connections grease the wheels for future spots the team may encounter. “If there’s any concern about how we interact, it all fades away because they realize we’re all part of one team.” Cornell pointed out.
Leaders who want to turn their open door policy into something truly transformational will enjoy Cornell’s tips and insights, including:
Cornell’s commitment to fostering a strong team culture earned him the 2023 John Wooden Global Leadership Award from UCLA’s Anderson School of Management. The connection between sport and business leadership has not escaped him. “My role as CEO is a chance to coach again, and teach and share some new stories,” admitted Cornell. “After all these years, I guess I’m still on the field.”
Check out more episodes of Corporate Competitor Podcast with guests including Deion “Coach Prime” Sanders, MasterClass CEO David Rogier, and Delta Air Lines CEO Ed Bastian.
0
1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
