We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Home Depot Case - Research Paper Example

Comments (0) Cite this document
Home Depot Case Subject: Management I.Executive Summary The Home Depot (HD) leads all competitors in the industry. Although the outgoing CEO had greatly improved the process to arrive at higher sales and profitability, there is one important result required by the Board but not yet achieved…
Download full paperFile format: .doc, available for editing
Polish This Essay97.4% of users find it useful
Home Depot Case
Read TextPreview

Extract of sample
"Home Depot Case"

Download file to see previous pages Further research reveals there is a top management challenge to develop a good Strategic Plan, one that will retain the accomplishments of the previous CEO in terms of process and at the same time add missing ingredients. HD needs a Strategic Plan that will provide the finest customer services across all branches and that will convince the financial analysts in the stock market to recommend HD shares so as to push up the prices of its shares of stock. To win in that challenge without much experimentation, it is advisable for the new CEO to tap one expert financial adviser who is familiar with the stock market and has contacts with financial analysts, and another expert in the field of Retail Management and Customer Relations for the industry wherein HD belongs. With these two experts, and with good relationship and coordination with the Board, the right performance indicators can be agreed upon. Once people are all directed towards the accomplishment of action plans in the Strategic Plan, Home Depot value of shares will soar to the satisfaction of the Stakeholders. II. Background A.Problem Statement After the resignation of Home Depot’s CEO, Robert Nardelli, who had served the organization from the years 2000-2006, the new CEO, Frank Blake, has to decide what to do in order to satisfy Home Depot Stakeholders who wanted the value of the corporation to increase. Re-stated in a question, what should be the strategies of the company to achieve desired results? B.Symptoms Although the profit margins and sales increased during the term of office of CEO Nardelli, and the number of store outlets grew yearly, the Stakeholders were not impressed and were in fact dissatisfied. The cumulative shareholders’ returns in 5 years was reported in the case to be at negative (-13%). This obliged them to tie up the income of the CEO to the share prices of Home Depot which have been down. In terms of financial performance, more details are in the Appendix Figure 1B. In one article by Simpson, Stephen D. (2006), the author noticed how sales growth of Lowe was much faster than that of Home Depot. He said: “All that said, it is clearly true that Lowe’s is the pluckier and faster growing of the two concepts. Sales in the 4th quarter climbed over 26%...and earnings per share rose nearly 36%. Certainly those numbers outstrip what Home Depot managed to accomplish.” Stephen furthermore added that it was generally known that Lowe’s had “better customer service”. Compared to Lowe in 2006, Home Depot was growing in sales by only 11.14%. C.Critical Factors The experiences of both CEOs Robert Nardelli and Frank Blake were not in the Retailing or Marketing Industry. Both came from GE or General Electric. Nardelli came from the Power Systems Division while Blake was a lawyer. Thus, the former CEO was good at cost cutting and improvements in the process, but weak in customer handling and probably even marketing. The new CEO, on the other hand, was faced by circumstances he did not have expertise on. Shareholders were dissatisfied by the relatively poorer performance of the share prices of Home Depot in the stock market. The graph showed HD shares declining in value. Checking on the financial side, it can be seen that Nardelli actually did a fine job of providing the profitability, growth in sales, and liquidity. Further research revealed the presence of an aggressive competitor, Lowe, which was penetrating the market of HD since it opted to expand by ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Home Depot Case Research Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/management/1430550-home-depot-case
(Home Depot Case Research Paper Example | Topics and Well Written Essays - 1250 Words)
“Home Depot Case Research Paper Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/management/1430550-home-depot-case.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Supply Chain Management of Lowe's Home Improvement Stores
The supply chain is a very significant part of any business entity and enormous resources and manpower are normally put in place for its efficient management. A poorly managed distribution channel could spell doom to a whole business while a supply chain that is efficient can catapult a business to high levels.
10 Pages(2500 words)Research Paper
Home Depot: Case Analysis
The firm was the US’ largest specialty retailer and the second largest American retailer after Wal-Mart. Although the company had improved revenues and profits, its share price value considerably declined at the beginning of the 21st century.
5 Pages(1250 words)Research Paper
Business - Multinational Business
The company’s headquarters are in Atlanta, Georgia. It was established in 1978 and over the years, the company has grown into an international company. Through the application of its favorable business model, Home Depot has become the largest home improvement retail store in America, in terms of sales revenue (Roush 23).
5 Pages(1250 words)Research Paper
Home Depot Case study
Frank Blake was appointed the new CEO in 2007 having served as the vice president of the board of directors and also the vice of business development and corporate operations.
9 Pages(2250 words)Case Study
Home Depot vs Lowes
Others include taking care of employees, giving back, ethical values, entrepreneurship spirit, and creating shareholders value. Despite the many years of operation, the company maintains its core value in the mission, which is to satisfy their customers effectively (CCK web).
3 Pages(750 words)Research Paper
Social Media Metrics
As the report declares a description of various major metrics that it should be monitoring is provided. The various platforms and tools that it could use to capture data are also described together with ways through which it can use data to develop as well as improve a social media marketing strategy.
6 Pages(1500 words)Research Paper
Large corporations, such as Wal-Mart and Home Depot, have been criticized for driving mom-and-pop shops out of business. Is this
From the corner drug store to the neighborhood ice cream parlor, countless millions of people have relied on the friendly and personal service that a so called ‘mom and pop’ shop provides them with. Recent years, however, have seen the small business owner suffer due to a trembling economy, rising prices, and the inclusion of big corporations into the mix.
8 Pages(2000 words)Research Paper
Emotional inteligence and the Cognitive resource theory of The Home Depot
Even at schools, according to several authors emotional intelligence helps to predict outcome. Nonetheless, all of these factors have insufficient academic backup. The subject of emotional intelligence has not been analyzed extensively. In the current paper, the cognitive resource theory of Fielder and Garcia has been presented to provide sufficient back as well as a research conducted by Boyatzis, Cowan, & Kolb, (1995) to testify the intelligence of MBA students is forwarded.
13 Pages(3250 words)Research Paper
Home Depot's Blueprint for Culture Change
As a function of the primal importance of this eight step model, the following analysis will seek to determine the similarity between this eight step change model presented by Kotter and Cohen as compared to the approach for change and leadership that Bob Nardelli, CEO of the Home Depot beginning in the year 2000, leveraged within this particular organization.
3 Pages(750 words)Research Paper
Home depot
Lowe's was not only customer friendly but also appealed to women as well as men. It was easy to find what one was looking for and the customer service was quite good. This paper will discuss how Home Depot approached the inevitable culture change that had to occur to compete.
3 Pages(750 words)Essay
Let us find you another Research Paper on topic Home Depot Case for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us