INTRODUCTION Home Depot‚ Inc. first opened its doors in June of 1979 in Atlanta‚ Georgia under the owners of Bernie Marcus and Arthur Blank. They had the vision of a one-stop shop for every need a do-it-yourself customer might have. The first few stores were around 60‚000 square feet and they used empty boxes to give the illusion of more products on their shelves. Home Depot quickly became a popular home improvement warehouse throughout the country and revolutionized the do-it-yourself industry. Home Depot’s
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La diferencia entre una empresa que se maneja bajo un concepto y una que no‚ puede traducirse en la diferencia que marque que una empresa venda sus acciones en el equivalente de hasta 20 veces sus ganancias y una que lo haga 10 veces Home Depot; 27-28 veces 60‚000 – 80.000 pies de espacio en cada tienda Empresa fundada en 1978 por Bernard Marcus y Arthur Blank es ahora dominante en promociones y precios en su giro. Tuvieron la visión de adaptar la venta de almacén a la industria de artículos
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In 1979 Bernie Marcus and Arthur Black opened their first Home Depot store in Atlanta‚ GA. The mission of Home Depot was to create a superstore for home improvement that would offer customers a variety of products at a low price that other hardware stores would not be able to match. Managers were able to order and stock products that meet the needs of their local and regional customers. Jones (as cited by Pearson‚ 2013) states “when the authority to make important decisions about organizational
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negative notes of how much money one lost in the stock market‚ how homes no longer have the equity it once had‚ and how some lost a home because of having the current status of consulting and being in between jobs. Because Home Depot is the leading supplier of home improvement building materials and related tools and supplies‚ the economy has greatly affected the company’s revenue and generating lower profits. However‚ a close watch on market trends will help the company foresee challenges or issues
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The Home Depot is the largest home improvement retailer in the Unites states with 2252 stores across the globe and the fourth largest retailer. Home Depot is a Fortune 500 company currently ranked number 35.The home depot was founded in 1978 by Bernie Marcus‚ Arthur Blank and Pat Farrah.Today‚ Home Depot‘s stores stock up to 35000 different kinds of building materials and lawn and garden products. The chief executive officer (CEO) and chairman of Home Depot is Frank Blake .Headquarter of Home Depot
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| | Home Depot’s Business Strategy Home Depot ’s target market is individual homeowners/small contractors. Even though the traditional ideology is that cost leadership and product differentiation business strategies are mutually exclusive‚ Home Depot was successful at using a combination strategy. First‚ Home Depot optimized the cost leadership strategy by offering low and competitive prices to its customers by emphasizing higher sales volumes with lower margins‚ while instituting a high
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MGMT 407 HOME DEPOT ANALYSIS- CASE 1 Home Depot: Building Towards Success 1. The Home Depot gives back through volunteerism‚ philanthropy‚ product donations and sharing expertise. The Home Depot is in the home improvement business and their goal is to provide the highest level of service‚ the broadest selection of products and the most competitive prices. Home Depot is a values-driven company. The above sentence is the mission statement of The Home Depot. The mission statement itself
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Executive Summary Submitted By: Usman Riaz Industry & Company Description Home Depot is a home improvement and construction company. It has its headquarters located in Georgia‚ Atlanta. Founded in 1978‚ Home Depot is the largest home improvement retailer in the United States with 2248 stores. This includes 1976 stores in US and the rest in Canada‚ Mexico‚ China‚ UK‚ Argentina and Chile. Home Depot serves three primary customer groups; do-it-yourself (D-I-Y)‚ do-it-for-me (D-I-F-M)
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Business Finance Final project paper 03-14/14 The Home depot financial report Table of contents Company introduction..............2 Executive summary...................2 Company financial position.......3 Questions from assignments.......3-4 Graph with weekly analysis..........6 Weekly analysis of the change in the price of your stock...7 A weekly analysis of the change in the S&P 500....7 Major competitors....7
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1. Evaluate Home Depot’s business strategy. Do you think it is a viable strategy in the long run? There are three aspects of strategy can be analyzed‚ mainly industry analysis‚ competitive analysis and corporate analysis. Since Home Depot carries only one business‚ corporate strategy analysis is not relevant for this question. 2.1 Industry Analysis The Home Depot is the leader in the industry‚ but the market share is almost negligible (0.9%). However‚ it obtained 62% growth in 1985 which
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