The Home Depot (Ticker: HD) is the world’s largest home-improvement retailer along with being an American Fortune 50 company. The company operates 2,259 retail building supply/home improvement “warehouse” type stores all across the United States, Canada and Mexico. The Home Depot has over 340,000 team members and is based in Atlanta, Georgia. The average store size is just over 100,000 square feet along with an additional 24,000 square feet set aside for seasonal gardening.…
Home Depot and its subsidiaries provides excellent customer service for home improvements, lawn products, and building material. The company stocks about $30,000 to $40,000 different types of home improvement supplies and other merchandise. The Consolidated Financial Statement reports the assets, liabilities, expense, and the amount of revenues for the company. In fiscal year 2013, The Home Depot recent quantitative assessment were completed. In tax year 2014, Home Depot completed its’ annual assessment in order to recover the reporting units from the different countries.…
mission, vision, and an overview of management and the current structure. The strategy of the…
Founders, Bernie Marcus and Arthur Blank, forever changed the home improvement industry when they opened the first The Home Depot stores in Atlanta, Georgia on June 22, 1979.…
When I walk into Home-Depot, I seem a wonderland of projects I can get involved with but do not have the skills of know how to do, but would like to learn anyway. Building things or improving my home to suit my personal needs. Home-depot offers a wide verity of services along with a vast amount of products for home improvement needs. If I was to pick the best choice to describe Home depot from the four building blocks it would most defiantly be Innovation with Customer responsiveness following up behind responsiveness. As the mother of one of Home depot ex employee’s I learned thinks about the company that came as a surprise. Not only is there products top quality for the home re-building or adding addition on, it includes gardening and crafts.…
When an organizational culture is already established, people must unlearn the old values, assumptions, and behaviors before they can learn the new ones. Executives must lead the change by changing their own behaviors. It is extremely important for executives to consistently support the change. Culture change depends on behavior change. Members of the organization must clearly understand what is expected of them, and must know how to actually do the new behaviors, once they have been defined. The culture of the change is that the sales have plummeted significantly, employee layoffs, and the departure of the president (Townsend, 2013). The role culture played in the change is that the economy changes and so do people and what they desire. What might have worked in the retail business one year might not work the…
Operations strategy provides a plan that specifies policies that use organizational resources. This strategy focuses on specific capabilities that give businesses their competitive edge. Home Depot’s goal is to provide the highest level of service, a wide selection of products, and the most competitive prices to their consumers. Their competitive strategy and leadership approach supports all aspects of the company’s mission and business plan. Home Depot uses four competitive variables of cost, time, quality, and flexibility to become a top company within the home improvement industry.…
The two that stand out the most to me are the company’s “Commitment to Resilience” and “Deference to Expertise”. The Home Depot’s commitment to resilience can easily be seen over the years where the company produced a quick turn around after major natural disasters, as well as their response after the company’s latest reputational crisis Also, the company’s deference to expertise can be seen as top executives gave more power to the individual store managers. The executives realized that the specific store managers had more expertise for the individual store location than executives did. The fact that The Home Depot closely follows all five of the principles stated above shows that the company is a highly reliable organization…
When talking about the bankruptcy of Enron Corp, Welch, the former CEO of GM pointed out the Enron’s despise on corporate culture: " Enron is a first-class petroleum and natural gas supplier, but later they turned to the trade field, which they are completely not familiar with, and then they hired a lot of new staff. They changed their enterprise culture."…
Loblaw Companies Limited and its subsidiaries and divisions are committed to upholding the highest standards of ethical conduct and good corporate citizenship. All Loblaw employees, officers and directors are expected to conduct themselves ethically, lawfully and professionally and in compliance with the letter and spirit of the Loblaw Code of Business Conduct (Corporate Policy, 2011).…
Everyone deserves the right of respect, value and equal opportunities. He also believed that management was a big asset to the store. For a successful store and satisfied customers, it took the core values of Home Depot management. Blank was big when it came to diversity of opinions of building better opportunities not only for business but also for the community.…
The fact that an organization's culture is made up of relatively stable and permanent characteristics tends to make it resistance to change. A culture takes a long time to form, and once established, it tends to become entrenched. Strong cultures are particularly resistance to change because employees have become committed to them. The change may be slow, but leaders have to stay alerted to protect against any return to old, familiar…
Based on our aforesaid analysis, with the objective of increasing profitability in such a competitive industry as retail business, the failure of Sears Domestic was mainly caused by the shortage of resouces and capabilities as well as tactics definition and execution rather than strategy itself. Since Sears Domestic has a non-competitive cost structure in comparison with its key competitors (e.g. Walmart, Target, Home Depot, etc.) , it is wiser to pursue differentiation strategy than low-cost strategy. In addition, Sears need more focus on customer segments to compete. Therefore, in our recommendations, we will put emphasis on action plan in order to materialize Sears’ focus differentiation strategy, which includes two main groups of recommendations:…
Donovan's description of the behavior of leaders is not very accurate. I think his ideas that leaders inspire achievement, have integrity, and build good relationships are good descriptions of an ideal leader. However, I think some of the traits that he mentions are not good descriptions of a leader, including delivering results, acting strategically, driving excellence, and excelling in customer service. I think these traits are more ideal for a manager to possess.…
References: Anonymous (2007) Home Unimprovement: was Nardelli’s tenure at home depot a blueprint for failure? Knowledge@Wharton Retrieved from http://knowledge.wharton.upenn.edu/article.cfm?articleid=1636.…