Home Depot is one of my favorite stores, I can actually get lost between the isles, it may sound little strange for a women but I really enjoy the store. There is so many ideas items and thoughts floating around the store that I end up learning new things. I decide to write about Home Depot for my assignment, and do a little more research about a place that I enjoy. Home Depot is a publicly traded company, it was rated as number thirty three for the 2014 top 500 companies in the United State (Fortune 500, 2014). It is known that Home Depot is the world's largest home improvement specialty retailer, with 2,263 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and …show more content…
(Hitt et al., 2013), Home Depot set eight corporate values and or visions would help them continue their success and be able to compete and make necessary changes based on need for their mission. 1)Taking care of their employees because they are the key to their success they encourage them to voice their opinion, Home Depot identify and reward great performance by help and develop good talent. 2) Giving back to the communities by participating and partnering, with local communities to help develop a great society and be a good neighbor. 3) Doing the right thing by using best judgment and strive to recognize the impact of any decision then accept the responsibility of their activities.4) Excellent customer service they recognize quality customer service is the key to success by using large variety of high quality products, great services and competitive low prices and the customers use the maximum of these benefits.5) Creating shoulder value to create and provide the stockholders with what they need to allow Home Depot to expand and grow by getting them high returns on their investment 6) Building strong relationship by creating high integrity and honesty atmosphere with listing and promptly respond to the needs of the customers, employees, vendors and communities this way they know we treat them like partners.7) Entrepreneurial spirit by creating and inviting climate for innovative and creative ways to serve customer and help improve customer service and use best practices. 8) Respect for all people Home Depot believe that to stay successful respect to all diverse segments of the populations and no discrimination or harassment to any. (Farfan, 2015).The groups, individuals, or institutions that
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According to Hills, Jones, & Shilling (2014), A SWOT analysis is used to create, affirm, or fine-tune a company’s business model. In this chapter, Publix’s strength, weaknesses, opportunity, and threats will be examined and explored to pinpoint which area of the company needs to be strengthened or improved. Taking into consideration will be the four managerial functions leading, controlling, planning and organizing. Following an explorations or Porters five forces and Macro-Environmental forces as they apply to Publix.
The total 2014 combined annual revenue for retail drug industry was $305 billion, according Drug Channels Institute. The biggest retailers in this industry are Walgreen Co., CVS Caremark, Corp. and Rite-Aid, Corp with Wal-Mart and Target developing more of a presence in recent years. Those 3 major retailers make up %70 of the industry revenue. The industry had grown substantially in the last 50 years and will continue to innovate and develop well into the near future. The average age of the U.S. consumer is increasing rapidly as the Baby Boomer generation grows older which leads to increased demand for health services to those who are 65 year old and above.
The Home Depot today averages 105,000 square feet of indoor space. Also today Home Depot still remains the largest retailer with nearly 400,000 orange associates and more than 2, 200 stores in the United States, Canada, and Mexico. There are 478 warehouse stores across the nineteen states today. Warehouse stocks sell 40,000 items ranging from building materials, plumbing, walls and floors, paint, electrical provides, tools, and lastly landscaping. The difference in the Home Depot is that they are all about leadership, and they care what their customers think of
This commercial structure is from State Farm 's "Get to a Better State" campaign that premiered in June 2011, with an increased spending budget. As a result, State Farm’s brand awareness and favorability has gone up considerably. This campaign focuses on making humor out of unfortunate problems that are commonly faced. These commercials then make light of the situation by demonstrating how easy it is to contact an agent and correct the problem that has occurred. 5.
Many people throughout the time of the largest retailers existence have argued that the negatives outweigh the positives. I beg to disagree, there are 1.4 million people employed by Walmart. That is approximately 1.7% of the US workforce. To put that in
A mission statement is designed to focus on consumer needs, and ensure proper fit is made prior to leaving the locations. This companies mission statement is very thorough. Their mission statement ensures coverage of the consumer satisfaction, the companies goal for market and investors, it is realistic and more. The Home Depot has ensured they have developed the most-strong suited mission statement. I imagine that with this company being a home improvement location the concept of obtaining customer buy-in and other concepts are very
The All Stars Project-Chicago SWOT Analysis Through the All Stars Project, over 53, 820 inner-city youth are given opportunities to transform their lives through the power of performance. This nonprofit reaches some of our nation’s most marginalized youth in six different cities: New York, Bridgeport, Chicago, Dallas, and the San Francisco Bay Area. The All Stars Project of Chicago has many strengths, including its direct response to the surrounding community’s need, and its status as a privately funded nonprofit; which overshadow its weaknesses of having a small staff and office space. There are many opportunities for growth including expanding partnerships with Chicago Public Schools and other similar organizations, and eventually expanding
In today’s market, Walmart and Target are two of the top competing companies within the market system. According to Loudenback and Lee (2015) research on Walmart and Target stated, “We just released a list of the 50 most powerful companies in America, and Walmart came out on top as the most powerful company in the nation with Target a close second”. Walmart was founded 60 years after Target was founded. The two companies have found different ways and techniques to stay a top of their competitors. Within my SWOT analysis, I plan on pointing out each company’s strengths, weaknesses, opportunities, and threats.
Dr. J.R. Bester founder of Science Applications International Corporation (SAIC) is headquartered in McLean, Virginia and employ 40,000 people in 2013. This Aerospace and Defense industry offer products and services in the system integration, technical services and solution and scientific engineering. SAIC strengths are their loyalty they have from their clients by proving their customers with innovative merchandise that put the company ahead of others in their industry, with management marketing teams improving services through services and merchandises increasing company growth. The distributors that the support the company provides the company supplies are better than their competition (A, 2012).
In order to maintain this experience Home Depot has in place a team of committed leaders, that believe in the company values. One thing that is at their forefront is their commitment to great customers service with this in mind, they believe it create value for all stakeholders. Home Depot is built on the principle of creating value for our stockholders while never forgetting our values. We seek to be profitable, responsible and balance the needs of our communities. Throughout our company, our associate are challenged with
Annual Reports and Press releases The annual reports and press releases of both companies slightly differ though with a portion of similarity. Although, Home Depot’s annual report is composed at the headquarters of giving an inclusive report on all of the retail stores in the world, through the company’s website these reports posted can be found. Therefore, this being impartial and all-inclusive to an extent of analysis it would have to be done on the contrasts, similarities, profitability, and performance of different retail stores in different regions or countries. However, the shareholders and customers analyze the summary provided to know the general performance.
“Today, Home Depot is the world’s largest domestic improvement retailer with almost 400,000 orange-blooded associates and it operates via approximately 2,278 stores, such as 1,977 inside the U.S.A., inclusive of the Commonwealth of Puerto Rico, the US Virgin Islands, Guam; 182 in Canada; and 119 in Mexico. “Home Depot,
-Providing a return on family investment, sharing the Lord’s blessing with our employees, and investing in our community. The Hobby Lobby company is based in North America, Oklahoma, and operates in over 600 hundred stores across the nation. Its top competitors includes Jo-Ann crafts and arts stores, and American Crafts.com, and Craft Warehouse. Because of its
Lowe 's Company Inc was originated in North Carolina in 1946. Carl Buchanan, proprietor of Lowe 's Co can be accredited for the Lowe’s evolution. Lowe 's evolved from a small hardware store to the 2nd largest home improvement retailer worldwide (History, n.d). In addition, Lowe 's is an international company with multiple stores located in U.S, Canada and Mexico. The organization 's extensive product collection comprises of appliance, hardware, building supplies, plumbing and more.
SWOT Analysis Before we implemented our opioid addiction and rehabilitation service, it was important for us to examine what obstacles we might face and need to overcome as well as what we might be able use in our favor to help with our service. We performed a SWOT analysis to help identify the external opportunities and threats that were present as well as our internal strengths and weaknesses so that we might more efficiently jumpstart our service. External SWOT Analysis