Home Depot Ratio Analysis
Audit Methods: the ten criteria are:
1. Foundation which is the essential area that the company stands on, so it is important to look at the leadership and also to make sure that there is accountability in place, by doing this it helps to make sure that the entire company is on the same page in terms of having clear company direction as well as complying with that direction the company is going in and spells out what the consequences are for not complying with said direction. As for Home Depot it seems that the company message has become diluted as it trickles down the leadership ladder into the stores. When I asked the in store associate development department supervisor which is the in store human resources person that does all the hiring, …show more content…
Internal which is made up of making sure the recruitment, advancement, and the development is being done in the company standard so that it allows everyone the equal chance regardless of sex, age, nationality, religion, and sexual preference. This is especially critical since in today’s legal as well as the increasing social environment that they are complying with the laws and also keeping up with the recent state rulings on same sex rights. The Home Depot does a decent job in regards to this, the only improvement would be to better communicate the advancement opportunities available to employees and also perhaps have a mentoring program set up so that employees can also see what they may need to do in order to move up into other …show more content…
External issues which are making sure that they are following all government regulations and laws as well as looking to the communities each store is serving to make sure that they are taking social responsibility by hiring locally which will in turn help the community grow stronger and forms a bond between the company and the community. Home Depot is big on giving back to the community since it is one of the eight values of the company, they do this by building playgrounds, planting gardens, helping renovate veteran’s homes, and participating in Habitat for Humanity projects.
Epstein, M. J., & Buhovac, A. R. (2014). Making sustainability work: Best practices in managing and measuring corporate social, environmental, and economic impacts. Berrett-Koehler Publishers.
5. Bridging is the key component that ties all three of the previous sides of the triangle mentioned above, the foundation, the internal and the external. By doing this each side of the triangle is responsible for making sure they are active participants in the triangle and helps to see any weak links that need to be addressed. I see the Home Depot having some bridging issues since in the foundation side there seems to be a lack of education of the job duties and essential reports that make sure compliance is being done, based on the example of the in store human resource not knowing the diversity report
1. Foundation which is the essential area that the company stands on, so it is important to look at the leadership and also to make sure that there is accountability in place, by doing this it helps to make sure that the entire company is on the same page in terms of having clear company direction as well as complying with that direction the company is going in and spells out what the consequences are for not complying with said direction. As for Home Depot it seems that the company message has become diluted as it trickles down the leadership ladder into the stores. When I asked the in store associate development department supervisor which is the in store human resources person that does all the hiring, …show more content…
Internal which is made up of making sure the recruitment, advancement, and the development is being done in the company standard so that it allows everyone the equal chance regardless of sex, age, nationality, religion, and sexual preference. This is especially critical since in today’s legal as well as the increasing social environment that they are complying with the laws and also keeping up with the recent state rulings on same sex rights. The Home Depot does a decent job in regards to this, the only improvement would be to better communicate the advancement opportunities available to employees and also perhaps have a mentoring program set up so that employees can also see what they may need to do in order to move up into other …show more content…
External issues which are making sure that they are following all government regulations and laws as well as looking to the communities each store is serving to make sure that they are taking social responsibility by hiring locally which will in turn help the community grow stronger and forms a bond between the company and the community. Home Depot is big on giving back to the community since it is one of the eight values of the company, they do this by building playgrounds, planting gardens, helping renovate veteran’s homes, and participating in Habitat for Humanity projects.
Epstein, M. J., & Buhovac, A. R. (2014). Making sustainability work: Best practices in managing and measuring corporate social, environmental, and economic impacts. Berrett-Koehler Publishers.
5. Bridging is the key component that ties all three of the previous sides of the triangle mentioned above, the foundation, the internal and the external. By doing this each side of the triangle is responsible for making sure they are active participants in the triangle and helps to see any weak links that need to be addressed. I see the Home Depot having some bridging issues since in the foundation side there seems to be a lack of education of the job duties and essential reports that make sure compliance is being done, based on the example of the in store human resource not knowing the diversity report