The Home Depot Essay

п»їDavid McGee Junior.

BUS 482

Strategic Analysis

Professor Bevensee

The Home Depot

Local hardware stores, Inc. (The Home Depot), based in Atlanta, US, is actually a home improvement merchant. The Company functions The Home Depot stores, which are full-service, warehouse-style stores. The Home Depot stores sell selection of building components, home improvement and lawn and garden companies provide a number of services. Local hardware stores stores normal approximately 104, 000 sq ft of encapsulated space, with approximately twenty four, 000 additional square feet of outside garden region. The Home Depot shops serve 3 primary consumer groups: do it yourself (diy) (D-I-Y) clients, do-it-for-me (D-I-F-M) customers and professional customers. As of January 29, 2012, the Company was operating two, 252 The Home Depot stores, including 1, 974 stores in the usa, including the Commonwealth of Malograr Rico and the territories states, Virgin Island destinations and Guam, 180 shops in Canada, 91 stores in Mexico and 7 stores in Cina. The Company also offers over three hundred, 000 items through it is Website, homedepot. com. Among the co-founders (1978) of The Home Depot along side Bernard " Bearnie” Marcus that is an American pharmacologist and price tag entrepreneur and philanthropist, is definitely NFL (Atlanta Falcons) group owner Arthur Blank.

Local hardware stores is the second largest merchant in the United States, at the rear of Wal-Mart; and the third most significant retailer in the world, behind Wal-Mart and French company Carrefour. Back in 2004 sales totaled up to $73. 1 billion dollars. It was positioned #13 for the FORTUNE 500 list, The Home Depot also is the owner of a chain of higher-end decorating and equipment stores. The continuous vitality and the function to maintain culture that produces great products, workers, and buyers has helped Home Website maintain its competitive advantage and lead the retail building industry over the years. The company's managing put a lot of focus on taking care of the employees, pushing an pioneeringup-and-coming spirit, treating each of all with admiration, and becoming committed to the very best standards. I am able to attest to this kind of 100% coming from experience, I've been there a complete now while an employee (non intern) and i also must the benefits together with the compensation are wonderful. No other job offers part-time benefits like The Home Depot, benefits such as medical, dental, eye-sight, 401K, and stock options. I myself got advantage of all of them, including the connect discounts they must offer. My sprint cellular phone bill is definitely 25% less expensive through The Residence Depot business associate low cost site. Various other discounts incorporate hotel rooms in discounted prices, different electronics like laptops, TV's and more. Local hardware stores makes the community better! I believe everyone should look to improve them eventually. SWOT EXAMINATION

Is an efficient strategic preparing tool in order to you determine and examine your industry’s Strengths, Weak points, Opportunities, and Threats. Pros and cons are descriptors of the internal operations of your company, although Opportunities and Threats define the external factors that your company encounters. Completing this analysis will allow you to focus on the company's talents and help you minimize and work on your company's weaknesses. Strengths

patents

strong brand or standing among

customers

top quality products and services

new one of a kind products and services

location of company

marketing and advertising tactics

price advantage (low costs)

good customer service

well-behaved staff

" Home Depot's diversified selection and solutions and its extensive network of stores permit it to enhance sales and increase earnings. Its retail store inventory includes almost 40, 000 different types of building elements, home improvement supplies, appliances, and lawn and garden goods. The products provided by the company generally fall into several categories, particularly plumbing, electric powered and kitchen; hardware and seasonal; building materials, timber and millwork;...

Cited: " Home Website Swot Analysis. " 123HelpMe. com. '08 Mar 2014

" Analysis Hub. " The Home Depot: A quick SWOT Research. N. g., n. g. Web. '08 Mar. 2014.

" Residence Depot (Team 2): Organization Strategy. " Home Lager (Team 2): Business Strategy. N. p., n. g. Web. 08 Mar. 2014.