The Home Depot: Leadership in Crisis Management Introduction Established in 1979‚ The Home Depot has proved to be a leading retail company founded upon providing excellent products at competitive prices sold from knowledgeable sales representatives. Through this concept‚ The Home Depot has dominated both professional and do-it-yourself sales across the world. In 1992‚ The Home Depot was faced with a new challenge. Hurricane Andrew struck with vengeance and devastated 75‚000 homes across
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Strategic Audit of Motorola Corporation Motorola Corporation is a main supplier of wireless communication systems‚ wireless accessories‚ wireless handsets‚ digital entertainment devices‚ and broadband systems. They are well known for their MOTORAZR‚ MOTORIZR Z3‚ and MOTOKRZR handsets and are the only provider of iDEN network to Sprint Nextel which uses infrastructure equipment. They also are leading providers for the delivery of networks which are used in the delivery of video‚ voice and
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of 2007 has not looked to well for Home Depot. The company has seen a 3% decline in revenues and that resulted in a 21% decrease in earning as compared to the last half of 2006. The prudence concept is the accounting concept that best describes the situation that Home Depot is currently facing. The prudence concept is an approach that does not report revenues until they have been realized or very certain to be realized (Edmonds‚ Tsay‚ & Olds‚ 2011). Home depot 3% decline in revenues in the first
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the basis of Home Depot’s response to environmentalist issues can be measured in their power‚ legitimacy‚ and urgency. They possess power because they are willing to not shop at a company that is not environmentally responsible‚ so this put greater pressure on Home Depot to certified by the Forest Stewardship Council (FSC) and continues to keep them “honest” as far as their environmental contributions and practices. The stakeholder has legitimacy because they want to make sure that Home Depot’s appearance
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In 1979 Bernie Marcus and Arthur Black opened their first Home Depot store in Atlanta‚ GA. The mission of Home Depot was to create a superstore for home improvement that would offer customers a variety of products at a low price that other hardware stores would not be able to match. Managers were able to order and stock products that meet the needs of their local and regional customers. Jones (as cited by Pearson‚ 2013) states “when the authority to make important decisions about organizational
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Home Depot A. Executive Summary * Introduction * The Home Depot Story - First Stage (1979-2000) * The Home Depot Story – Second Stage (2000 – 2006) * Problem Identification * Case Questions Introduction * Home Depot was founded in 1978 in Atlanta‚ Georgia by Bernie Marcus and Arthur Blank. * Both of them worked at Home Improvement Company in California and were fire by this company. * So instead of looking for a new job they decide to start up their own business
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RUNNING HEADER: ETHICAL DILEMMA Home Depot Ethical Dilemma Problem Statement In 2008‚ the CEO‚ Frank Blake was implicated for failing to report employee abuse. The allegation indicated tends from forgery‚ falsifying documents‚ harassment‚ and retaliations. Blake was aware of‚ and in numerous instances‚ participated in the alleged abuse‚ cover-ups and retaliatory actions‚ which involve the stockholders to demand the termination of Blake. His violation of ethics breaches were numerous‚ deliberate
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Part Two-Business Strategy Home Depot’s mission statement can be summed up in these eight core values • Excellent customer service • Taking care of our people • Giving back • Doing the “right” thing • Creating shareholder value • Respect for all people • Entrepreneurial spirit • Building strong relationships The founder of The Home Depot had this for his vision statement back in 1976 when their first store was opened in Atlanta‚ Georgia: “a vision of warehouse stores filled with a wide
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Strengths • Home Depot is the world’s largest home retailer. The fourth largest retailer in the U.S. and the fifth largest retailer in the world. • Home Depot ranks #37 on Forbe’s “ World’s Most Valuable Brands” list. • Offering the largest selection of home products‚ Home Depot can cater to three distinct target audiences‚ do-it-yourselfers‚ do-it-for-me consumers and professional customers. • The company has alliances with many exclusive brands giving them a competitive advantage. • Home Depot is ahead
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Communication Assignment Communicating at Home Depot The company has a plan to install hire new staff to install curtain rods. This requires expert guidance on kitchen modeling; hence the company to hire a new staff in order to provide a helping hand. In addition‚ the co-founders‚ Arthur Blank and Bernie Marcus have to design a retail culture to tackle the Home Depot improvement and repair projects by hiring contractors. In addition‚ the company has realized
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