Principles of Management: Lowes
A Look inside Lowe’s Companies, Inc.
Abstract This paper explores Lowe’s Companies, Inc’s management practices and how these practices have impacted the company. The paper starts with a history of the company and a brief overview, and then it explores the culture and a SWOT analysis of the company. Then the areas of managerial decision making, planning and strategy organizational structure and organization are looked at. The paper finishes with an investigation of the leadership, human resource management and diversity amongst the workforce.
TABLE OF CONTENTS I. Introduction page 4 II. Company Overview page 4 III. Culture and SWOT page 7 IV. Managerial Decision Making page 9 V. Planning and Strategy page 11 VI. Ethic and Corporate Responsibility page 12 VII. International Management page 14 VIII. Organization Structure and Agility page 15 IX. Human Resource Management page 16 X. Diversity in the Workforce page 17 XI. Leadership page 17 XII. Key Learning page 18 XIII. References page 19
Introduction When most people think of a home improvement store two companies come to mind, Lowes and Home Depot, these two companies have been at the top of the home improvement industry for many years. I have been a long time patron of both Lowes and Home Depot, but recently I find myself turning to Lowes for my hardware and home improvement needs. I have chosen to write this paper on Lowes for a number of reasons, but the most prominent reasons are they recently built a new store in the town where I live, ...; and they are an extremely successful company that continues to grow, even during the
Abstract This paper explores Lowe’s Companies, Inc’s management practices and how these practices have impacted the company. The paper starts with a history of the company and a brief overview, and then it explores the culture and a SWOT analysis of the company. Then the areas of managerial decision making, planning and strategy organizational structure and organization are looked at. The paper finishes with an investigation of the leadership, human resource management and diversity amongst the workforce.
TABLE OF CONTENTS I. Introduction page 4 II. Company Overview page 4 III. Culture and SWOT page 7 IV. Managerial Decision Making page 9 V. Planning and Strategy page 11 VI. Ethic and Corporate Responsibility page 12 VII. International Management page 14 VIII. Organization Structure and Agility page 15 IX. Human Resource Management page 16 X. Diversity in the Workforce page 17 XI. Leadership page 17 XII. Key Learning page 18 XIII. References page 19
Introduction When most people think of a home improvement store two companies come to mind, Lowes and Home Depot, these two companies have been at the top of the home improvement industry for many years. I have been a long time patron of both Lowes and Home Depot, but recently I find myself turning to Lowes for my hardware and home improvement needs. I have chosen to write this paper on Lowes for a number of reasons, but the most prominent reasons are they recently built a new store in the town where I live, ...; and they are an extremely successful company that continues to grow, even during the
References: Baker, Mallen. (2010). Corporate Social Responsibility- what does it mean?. Retrieved from http://www.mallenbaker.net/csr/definition.php Bateman T Bingham, T., & Galagan, P. (2009). TRAINING AT LOWE 'S. T+D, 63(11), 34-39. Retrieved from Business Source Complete database. Blake, Brock J. (2000). Lowe’s Companies, Inc. Retrieved from http://www.fundinguniverse.com /company-histories/Lowes-Companies-Inc-Company-History.html Coco, C Lowe’s Companies Inc. 2009 Annual Report. Retrieved from URL http://www.lowes.com/AboutLowes/AnnualReports/annual_report_09/pdf/Lowes_2009AR_bookmarks.pdf Lowe’s Companies Inc Pascual, A. (2002). Lowe’s is sprucing up its house. BusinessWeek, (3785), 56-58. Retrieved from Business Source Complete database. PRNewswire. (August 24, 2010). First Stores Expected to Open in 2011. Retrieved from http://media.lowes.com/article_print.cfm?article_id=1208 (2009) (2009). Lowe’s forms Woolworths Australia joint venture. Retrieved from http://corporateacquisitionnews.com/joint-ventures/lowes-forms-woolworths-australia-joint-venture-643372a (2010) (2010). Robert Niblock. Retrieved From http://topics.wsj.com/person/N/robert-niblock/1603