Preview

Home Depot

Good Essays
Open Document
Open Document
862 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Home Depot
MGMT 407 HOME DEPOT ANALYSIS- CASE 1 Home Depot: Building Towards Success

1. The Home Depot gives back through volunteerism, philanthropy, product donations and sharing expertise.

The Home Depot is in the home improvement business and their goal is to provide the highest level of service, the broadest selection of products and the most competitive prices. Home Depot is 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 Text in Chapter 4 defines philanthropy as giving back to the communities and causes. Voluntary practices is also defined as including beliefs, values, and voluntary contractual obligations of a business.

The Home Depot Foundation in 2002, The Home Depot Foundation was established to serve as the charitable arm and to further the community building goals of the Company by providing resources to assist nonprofit organizations. The mission of The Home Depot Foundation is simple...to improve homes and improve lives. Through partnership with local nonprofits, grants and the efforts of Team Depot, our associate volunteers, we focus on repairing and refurbishing homes and facilities that serve disadvantaged families and individuals. In 2011, The Home Depot Foundation focused its financial and volunteer resources to help nonprofit organizations dedicated to improving the homes of economically disadvantaged veterans. To this date, the Foundation has committed $80 million to these efforts. Team Depot, the Home Depot’s associate-led volunteer force, uses the time and talents of associates to meet community needs through hands-on service. Team Depot Captains in each store coordinate volunteer efforts through non-profit organizations to benefit their local communities. Through Team Depot, thousands of Home Depot associates positively transform neighborhoods and perform basic repairs and modifications to homes and

You May Also Find These Documents Helpful

  • Satisfactory Essays

    2. As a publicly traded corporation, how can Home Depot justify budgeting so much money for philanthropy? What areas other than the environment, disaster relief, affordable housing, and at-risk youth might be appropriate for strategic philanthropy by Home Depot? The volunteers at Home Depot volunteer a lot of time to help out the less fortunate. They have raised and contributed to disaster relief projects and charities. Volunteering and donating time and money is a write of that Home Depot does not need to justify further. It builds trust with the community, customers, and stakeholders.…

    • 293 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Lowe's

    • 1533 Words
    • 7 Pages

    A company analysis requires analyzing the history, motives, goals, values, management plan, and etc of the company. Company analysis compremises of several large components like a companies historical aspect, SWOT analysis, marketing analysis, and Management analysis. Lowes historical prospective consisted of provides consumers with satatsfaction and products for improvement and building all sections of their dwellings. SWOT analysis is a corporations strengths, weaknesess, opportunities, and strenghts in a certain time span. It was originated by Albert S Humphrey in the 1960s. Performing a SWOT analysis on Lowes provides an important aspect on corporations standing basis in the business world. Lowes has grown tremendously over the years. SWOT analysis provides provides the company with opportunity to improve and grow. SWOT analysis establishes a cycle which helps in the growth of the company, economy, and ultimately a nation. Marketing is the self-expression of a corporation. Marketing analysis is a necessity for businesses. To gain profit Lowes is trying to beat their competitors by marketing in new and different manner to attract customers, and develop customer loyalty. Proper application of all these factors and techniques to Lowes business strategy will lead to a successful Lowes corporation.…

    • 1533 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Home Depot will direct their efforts towards both national and regional markets. They must first cater their products and services to do-it-yourself customers and home improvement professionals. Second, the nature of the merchandise and services should satisfy the needs of the customers through good customer service, an effective store design and display, convenient locations, merchandise management, and a low-cost pricing approach. Lastly, in order for…

    • 7835 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    Home Depot Research Paper

    • 874 Words
    • 4 Pages

    Since 2000 Nardelli has helped home depot increase their sales by nearly 80% and has added more than 35.5 billion in revenue. Under Nardelli's leadership the company has returned nearly 13 billion to shareholder in the form of stock purchases and dividends, thus earning the company a number one ranking on FORTUNE magazines list of most admired specialty retailers for the past two years. To continue the company's tradition of giving back to local communities, Nardelli has co-founded and co-chair's The Hands On Network Corporate Service Council, a national movement among corporations and non profit organizations to increase employee volunteerism. This group helped rebuild after hurricane…

    • 874 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Lowes

    • 916 Words
    • 4 Pages

    Shown below is the format that your case analysis MUST be in. You should number and label each section and each item in each section.…

    • 916 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Companies’ Solvency, Liquidity, And Profitability Based On Current Ratio, Return On Sales, Earnings Per Share (EPS), Debt Ratio, And Price Earnings Ratio, Compared With Industry Standards…

    • 5515 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Lowes Industry Analysis

    • 2516 Words
    • 11 Pages

    The Lowes Corporation operates in what is known as the home improvement industry. The home improvement industry is about $300 billion in the US and another $48 billion in Canada. This industry was formed out of a consolidation of the industry of local hardware stores. Local hardware stores still exist and are a small competitor in the home improvement industry. However, the home improvement industry took on a form of its own in the late 1970’s when The Home Depot Corporation made a decision to compete with a large regional chain of hardware stores called Lowes. Lowes recognized the threat of competition and both Lowes and Home Depot stores begun to invest in rapid expansion and grew their stores to be large big box retailers where customers could come to buy a variety of products ranging from appliances to tools, to paint, lumber and nursery products to improve their home. There have since been a few large regional chains that have been able to penetrate this market including Menards and Rona. This industry is largely confined to North America, with the exception of the recent expansion of Home Depot into China. Between the big box retailers in this industry, there is little differentiation and the margins are generally pretty low.…

    • 2516 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    The Home Depot is a company built under the principle of creating value for their stockholders while never forgetting the company’s main values: “Taking care of our people, giving back, doing the right thing, creating shareholder value, respect for all people, entrepreneurial spirit, building strong relationships, and excellent customer service”. These values were presented by Francis S. Blake (The Home Depot C.E.O.) on the company’s 2007 annual report.…

    • 2672 Words
    • 11 Pages
    Better Essays
  • Satisfactory Essays

    Analysis of Organization (VI) Mission, Vision, Core Values, Operating Guidelines, Core Competencies, Goals The mission and vision statement of Lowes is true and acquire statement that speaks to their customer and their internal personnel which is their employee as these person guides the company’s to success. The vision statement is where the image comes to place for the business and the mission speaks on the objectives and values of the company. Lowes is about Improving Home for their customers, they speak to beautification of homes and their core value is to ensure that employees consistently maintain high standards and exceed customers' expectations.…

    • 320 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Home Depot has identified four areas of focus in its responsibility toward the community including affordable housing, at-risk youth, the environment and disaster preparedness, response and relief.…

    • 1603 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Home Depot Mission Statement

    • 4262 Words
    • 18 Pages

    “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 improvement retailer with 2242 retail stores in the United States and other countries across the globe. According to the article in Reuters, The Home Depot Inc. stands on the fourth largest retailer in the United States and fifth in the world. Since…

    • 4262 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    The Home Depot revolutionized the home improvement industry by bringing the know-how and the tools to the consumer and by saving them money. According to the founders, the customer has a bill of rights at The Home Depot, and this entitles the customer to the right assortment, quantities and price, along with trained associates on the sales floor who are there to help customers (The Home Depot, 2011). Their philosophy of customer service – “whatever it takes” – means cultivating a relationship with customers rather than merely completing a transaction. The founders initially viewed the structure of the company as an inverted pyramid, with stores and customers at the top and senior management on the bottom. They demanded that associates take risks to succeed, saying, “It is your business, your division, your…

    • 3580 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    They believed strongly that their company should give back to the community in whatever way they could. Home Depot’s approach to social responsibility has four focus areas. These areas are affordable housing, the environment, youth at risk; and disaster preparedness and relief. Another way that Home Depot fosters social responsibility in the community is through its employee volunteer program, Team Depot. Team Depot consists of associates who volunteer their own time to work on projects in their communities. Team Depot has since evolved into a significant component of Home Depot’s efforts to give back to the communities where it operates. The company’s focus on giving back to the communities in which it operates helps build its reputation for being a good…

    • 561 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Philanthropy is the act of promoting what is human or a state of being productive of benefit to humans. Some believe that doing philanthropic activities decreases the benefits to be received by the stockholders in the short run but it will probably result to a positive outcome.…

    • 1311 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Women and Philanthropy

    • 13062 Words
    • 53 Pages

    Philanthropy is the voluntary act of donating money or goods or providing some other support to a charitable cause usually over an extended period of time. In a more fundamental sense, philanthropy may encompass any activity which is intended to enhance the common good or improve human well being. Someone who is well known for practicing philanthropy may sometimes be called a philanthropist. Although such individuals are often very wealthy, people may nevertheless perform philanthropic acts without possessing great wealth.…

    • 13062 Words
    • 53 Pages
    Better Essays