Preview

Home Depot's Operations Strategies

Satisfactory Essays
Open Document
Open Document
340 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Home Depot's Operations Strategies
Operations strategy provides a plan that specifies policies that use organizational resources. This strategy focuses on specific capabilities that give businesses their competitive edge. Home Depot’s goal is to provide the highest level of service, a wide selection of products, and the most competitive prices to their consumers. Their competitive strategy and leadership approach supports all aspects of the company’s mission and business plan. Home Depot uses four competitive variables of cost, time, quality, and flexibility to become a top company within the home improvement industry.
Competitive Priorities
Cost: Home Depot’s capabilities of charging a reduced price to its consumers give them an advantage over their competitors. The company
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Home Depot Swot Analysis
    • 340 Words
    • 2 Pages

    Home Depot Swot Analysis

    Home Depot’s strategic goal is to expand into new markets, further develop existing markets, and explore opportunities around the world. Over the past four decades Home Depot has grown a great deal and currently has a market share…

    • 340 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Country Market Report - Home Depot to Brazil
    • 7835 Words
    • 21 Pages

    Country Market Report - Home Depot to Brazil

    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
    Read More
  • Best Essays

    Lowe's vs. Home Depot Financial Comparison & Analysis
    • 4325 Words
    • 18 Pages

    Lowe's vs. Home Depot Financial Comparison & Analysis

    Lowe’s (LOW) and Home Depot (HD) are competitors in the every growing market of Home Improvement. The following analysis of each company will examine the home improvement industry, the individual companies, their operating philosophies, their financial strengths or weaknesses, and a final conclusion on which company would be a better long-term investment.…

    • 4325 Words
    • 18 Pages
    Best Essays
    Read More
  • Good Essays

    Home Depot - Executive Summary
    • 797 Words
    • 3 Pages

    Home Depot - Executive Summary

    The Home Depot (Ticker: HD) is the world’s largest home-improvement retailer along with being an American Fortune 50 company. The company operates 2,259 retail building supply/home improvement “warehouse” type stores all across the United States, Canada and Mexico. The Home Depot has over 340,000 team members and is based in Atlanta, Georgia. The average store size is just over 100,000 square feet along with an additional 24,000 square feet set aside for seasonal gardening.…

    • 797 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Home Depot -vs- Lowes
    • 3739 Words
    • 15 Pages

    Home Depot -vs- Lowes

    An industry of competition, and tight margins The Home Depot, and Lowe 's Company are still at it. Both of these companies stand now as the industry standard for the home improvement sector. The numbers that will be presented in this study show proof that both companies have extremely strong financial positions, and a long future in the home improvement industry. Competition is good for the retailer, but even better for the customer. Each company has its strengths and limitations. The decision on which retailer is the better one must be decided by the individual analyzing of each company. The Home Leader -vs- Improving Home Improvements.…

    • 3739 Words
    • 15 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    An Analysis of Home Depot and Lowes
    • 5515 Words
    • 23 Pages

    An Analysis of Home Depot and Lowes

    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
    Read More
  • Powerful Essays

    Home Depot V/S Lowe's Competitive Analysis
    • 2556 Words
    • 11 Pages

    Home Depot V/S Lowe's Competitive Analysis

    This paper gives the reader an insight into how a manager in a competitive industry in a two-firm constant sum game makes decisions. The writer will be playing the role of a Home Depot, Inc. manager, and the major competitor is Lowe’s, Inc. Home Depot is the largest United States (U.S.) home-improvement retailer while Lowe’s is the second-largest U.S. home-improvement retailer. This is significant because what one company does affects the other. To compare the two companies their company profiles were reviewed. The latest news headlines on both companies were also used in the formation of this paper. There is a reason that Home Depot is number one in this industry. Top managers, excellent products and a strong business plan to name a few, but Lowe’s is not that far behind them.…

    • 2556 Words
    • 11 Pages
    Powerful Essays
    Read More
  • Better Essays

    Internal Risk Assessment - Home Depot
    • 1565 Words
    • 7 Pages

    Internal Risk Assessment - Home Depot

    A publicly traded global firm, The Home Depot, Incorporated leads the world in retail building supplies and home improvement goods. According to the 2009 Form 10-K reported to the Securities and Exchange Commission (SEC), the company maintains 2,244 retail sites “Located throughout the United States including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam (“U.S.”), Canada, China and Mexico” (The Home Depot: Annual Report, 2009).…

    • 1565 Words
    • 7 Pages
    Better Essays
    Read More
  • Powerful Essays

    Home Depot
    • 4370 Words
    • 18 Pages

    Home Depot

    Analysis of Strategic Factors, Strategic Issues, Strategic Alternatives and Recommendations, Evaluation and Control and Summary)…

    • 4370 Words
    • 18 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Competitor Analysis: Home Depot
    • 1820 Words
    • 8 Pages

    Competitor Analysis: Home Depot

    Home Depot competitors are primarily in the home improvement and hardware retail industry, but also compete in the building materials retail and distribution, consumer electronics and appliances retail, and convenience stores and truck stops sectors. Some of Home Depot’s main competitors include: Lowe’s, True Value, and Ace Hardware. Now, these competitors are the main competition of Home Depot and all three stores carry about 75% if not more of what Home Depot sells. Keep in mind, that there are also smaller companies, often family-owned lumberyards or hardware stores that compete with Home Depot and the other large chain stores. However, Home Depot’s biggest competition is Lowe’s. “Home Depot and Lowe’s are home improvement retailers with very different value propositions. Home Depot has very austere, functional stores that are designed to appeal to the contractor or homeowners on the basis of function and price” (Aaker, 7).…

    • 1820 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Internal and External Factors
    • 1673 Words
    • 7 Pages

    Internal and External Factors

    When two upper level managers decided to relinquish their jobs with the small hardware store they were working at, “Handy Dandy” they had a vision and set out to develop a company that catered to the “do-it-yourselfer,” and with that idea, The Home Depot was born. As the company exploded from one store into hundreds, it soon became the largest supplier of building supplies and home improvement materials in the United States. However, this was a short-lived, other companies were closing in on the same idea and the market was shrinking. The planning managers, at that time, needed to develop a strategic plan for The Home Depot that would take advantage of the current business landscape, “globalization, technological change, the importance of knowledge and ideas, and collaboration across organizational “boundaries”” (Bateman & Snell, pg. 6). In today’s business culture, many more industries are going global. U.S. retailers are looking internationally not only for sourcing and outsourcing products and services but for new consumer markets and growth.…

    • 1673 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Home Depot Observation
    • 1448 Words
    • 6 Pages

    Home Depot Observation

    If you stop and think about how much money is spent on repairs and changes to homes, it will make sense why I choose to look at the Home Depot to really understand my community. Walking around the store and talking to employees about their experiences I found out Home Depot is not a good representation of the surrounding area but its own little biotope. It seems to have to have a higher amount of special crowd that is attracted to the store, its own idioms and offer its own incentives.…

    • 1448 Words
    • 6 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Home Depot: Change In Corporate Culture And Business Decisions
    • 93 Words
    • 1 Page

    Home Depot: Change In Corporate Culture And Business Decisions

    For any organization, culture is its strongest asset. Culture can also be a liability when once adopted and widely used culture in an organization is changed. It will be difficult for employees to adapt to the new set of values. Home Depot had a decentralized, autonomous culture and business decisions were made by individual stores. Robert Nardelli after taking over as CEO of Home Depot in 2003 decided to change its culture by centralizing decisions which was met with stiff resistance. Despite getting good financial results he was forced to quit in…

    • 93 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Operations Management - Hayes and Wheelwright
    • 413 Words
    • 2 Pages

    Operations Management - Hayes and Wheelwright

    Operations function is perhaps the most important function in most organizations, be it a product manufacturing or a service oriented company. The day to day operations, when considered in their totality actually reflect and in turn also constitute the organization’s long-term strategic direction (David Barnes, Operations Management: An International Perspective, 2007). This is in other words the operations strategy impacting the overall business strategy or the corporate strategy.…

    • 413 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Best Essays

    CDS Case Study - Operations Management
    • 3932 Words
    • 12 Pages

    CDS Case Study - Operations Management

    Operations strategy looks at the patterns of strategic decisions and actions in a bid to set the roles, objectives and activities of the operations (Slack et al. 2010). An understanding of these strategies is important in ensuring that organizations are well aware of the requirements needed to meet the corporate objectives set about by management.…

    • 3932 Words
    • 12 Pages
    Best Essays
    Read More

Related Topics