Answers to Final Exam: Commander Ajit Pal Singh Answer 1: Strategy After Mr Nardelli took over Home Depot‚ the sales‚ which were stagnating earlier‚ soared from $46 billion in 2000 to $81.5 billion in 2005. The average annual growth rate of company increased to 12%. The major reason for that was minimizing the cost through centralized purchasing and adoption of technology. He adopted technology to automate the stores‚ employed contemporary inventory management systems‚ automated of point
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| The Home Depot‚ Inc. | Suggested Growth Strategy | | Table of Contents Executive Summary……………………………………………………………………………….2 Strategic Audit Case Analysis………….........................................................................................4 Introduction 4 Past Corporate Performance 5 Financial Analysis - Ratios 5 Financial Analysis – Financial Statements 6 Financial Analysis – Industry/Competitor Comparison 7 Strategic Posture 8 Current Mission 8 Current Objectives 9 Current
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more effective one. There are two reasons that Nardelli was not more successful. First‚ most employees did not want to an outsider to “GE-ize their company and culture.” Employees in Home Depot did not trust their new manager‚ which led absent support when Nardelli carried out the new process. The second reason was also the more important reason. Nardelli used the concept learned from industrial businesses to conduct the customer businesses. Since Nardelli wanted to conduct Home Depot in his own approach
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Running head: THE HOME DEPOT VS. LOWE’S The Home Depot vs. Lowe’s AIU Online MGMT499-1302A-06 June 2‚ 2013 Abstract This research paper will compare and contrast two organizations in the same industry. There will be analysis on the two organizations’ elements of business. This includes the basic legal‚ social‚ and economic environment‚ the managerial‚ operational‚ and financial issues impacting the organizations‚ and an analysis on the impact of potential change
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to improve its performance? From 2000 to 2007‚ Robert Nardelli‚ a former senior executive at GE (General Electric)‚ served as CEO of Home Depot. Almost immediately‚ he transformed Home Depot’s logistics and leadership structure from decentralized to centralized. It was one way to respond to the pressures of competition from the Internet and other rivals‚ and sales increased. With that said‚ we can see in the scenario that Nardelli (Jones‚ p. 145): “Over time‚ he recentralized authority
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“The Home Depot is in the home improvement business and our goal is to provide the highest level of service‚ the broadest selection of products and the most competitive prices. We are a values-driven company.” The above sentence is the mission statement of The Home Depot. The mission statement itself reveals what kind of standard The Home Depot is looking for. The Home Depot Incorporation was established on 22nd June‚ 1978 by Bernie Marcus and Arthur Blank. Home Depot is the world’s biggest home
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Chief Executive Officers (CEO). Home Depot has undergone some recent changes that were affecting the company’s business overall. Robert Nardelli‚ the former CEO of Home Depot came under fire for the size of his pay package as well as his management style‚ stepped down and left company. “Nardelli had faced growing criticism from shareholders for what some
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Nardelli The Home Depot has been the under the leadership of Robert Nardelli since 2000. Since Nardelli has been CEO The Home Depot has delivered superior sales and earnings by improving its core retail stores‚ extending the business and has expanded into new markets. He is changing store formats‚ creating
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Home Depot A. Executive Summary * Introduction * The Home Depot Story - First Stage (1979-2000) * The Home Depot Story – Second Stage (2000 – 2006) * Problem Identification * Case Questions Introduction * Home Depot was founded in 1978 in Atlanta‚ Georgia by Bernie Marcus and Arthur Blank. * Both of them worked at Home Improvement Company in California and were fire by this company. * So instead of looking for a new job they decide to start up their own business
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Questions 1a. The way that Nardelli laid out his plan for change was one of the reasons I think it was so successful. He came in and addressed the problems that were easy to point out and also the ones that weren’t apparent to other employees. Nardelli needed to rebuild an organization that could easily compete with other big names‚ and this was relatively easy because the people at Home Depot knew the importance of taking advantage of its growing size. Nardelli did this by implementing a three
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