Nobody downloaded yet

Home Depot - Essay Example

Comments (0) Cite this document
Summary
There are various outcomes that have been expressed in the current research investigation, and all of them have merit for Home Depot’s future operations. One must think of the worst-case scenario, in terms of the external business environment impacting Home Depot negatively…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
Home Depot
Read TextPreview

Extract of sample "Home Depot"

Download file to see previous pages the ability is to pay labor and get credit; the less the capital, and the less able an organization is to pay its employees and borrow money (Riesman, 2009). From this regard, it is possible that more personalized selling could be the solution to some of Home Depot’s problems. There is also the attention that needs to be paid to the customer, in terms of putting them first and giving a customer-centric experience.
It is the assumption of the current research investigation that intensifying the focus on the customer, while still remaining cost-effective, may be the best course for the organization of Home Depot to take. This involves an expanded awareness of, and attention to, the customer, whose loyalty will be encouraged through the presentation of a clear plan that knows what the customer expects, what they are finding in the competition that they are not currently finding at Home Depot, and other customer-centered factors. More often than not, these factors are based on the perceptions of those who hire the product or service of a large home improvement chain, with certain expectations in mind about what they are getting (and not getting). Home Depot can possibly take advantage of reducing the amount of time a transaction is going to take a customer, centralizing control of this process, and expanding operations without actually building any more brick-and-mortar branches, perhaps even by improving the customer-centric nature of its web operations. In many ways, this can be viewed as a win-win outcome for Home Depot, but there is also the obstacle of initial costs in setting up new operations and getting the operation moving primarily in a place where it can be subjected to external over-regulation. There is also the abovementioned danger of changes in the external environment.
In conclusion, there are various factors and outcomes which must be realized in the context of the Home Depot situation. One must think of the worst case scenario, cost ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Home Depot Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Home Depot Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1555614-home-depot
(Home Depot Essay Example | Topics and Well Written Essays - 500 Words)
Home Depot Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1555614-home-depot.
“Home Depot Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1555614-home-depot.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Home Depot

Home depot

...? The recent economic recession, has done a lot of damage to the sales prospects of both Lowe’s and Home Depot stores. The decreasing amount of sales, has indeed forced both the stores to find ways by which, they would very well be able to increase the customer satisfaction. Both the stores play a very vital role of providing service to their customers, in the home improvement market. Since the recession has hindered their plans to expand the current existing stores, they feel that the best way to increase the sales is by the improvement of customer loyalty, which currently does not exist for both the stores. This is the reason for the creation of so much competition between both these...
1 Pages(250 words)Essay

Home Depot vs Lowes

...?Home Depot Versus Lowe’s Service and Advertising The mission ment of Home Depot reveals that the company has a competitive advantage because of the excellent services it offers to its customers. The first core value of Home Depot is to offer excellent services to its customers. 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). Additionally, Home Depot goes beyond its mission to...
3 Pages(750 words)Research Paper

Home Depot

...? 3.3 – Task Environment 3.3 Threat Of New Entrants Threat of new entrants in the industry is low. Home Depot has an advantage over new entrants in this industry as it has maintained its brand name, a wide range of products and has established customer’s loyalty in the industry (Harrison and John). One of the major barriers in the home furnishing and decorating industry is the high capital requirement. The initial cost required to start a business is too high for the new entrants to afford (Harrison and John). Therefore, it is essential for the company in the industry to operate with contracts to establish credit with a financial institution in the long run. Home Depot operates with contracts, establishes credits with the bank... , which...
9 Pages(2250 words)Essay

Home Depot and Lowes

...Analytical Report on Home Depot and Lowes Introduction: Home depot and Lowes are one of the leading America's retail home improvement establishments.Both the organizations serve as chain of home improvements. "Home Improvement Centers cater for home renovations and alterations, by supplying a broad range of home repair and maintenance goods including hardware, tools, equipment, plumbing and electrical goods, lumber and structural material. Products are both sourced from domestic manufacturers and wholesalers, as well as international locations, and then retailed to the general public. The...
9 Pages(2250 words)Case Study

Home depot

...Home Depot Organization Culture Culture Change Introduction Home Depot was in trouble and they didn't even know it. Not unusual with bigbox stores that have stretched to increase the numbers of stores they have. However, in Home Depot's case, their cultural structure was such that there was no cohesion in what everyone was doing and then along came competition in the form of Lowe's. 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...
3 Pages(750 words)Essay

Home Depot

...factors. Lowe’s cater more to the women and those who are involved in providing finishing decorative touch to their homes. Home Depot however aims to capture the market of men and contractors and serious DIY individuals. It is also important to note that the number of stores and wider product choices are also the important factors which have resulted into the differentiation between the two stores. 3) Lowe’s has better competitive image because of the better customer services and the product choice which it offers to its customers. Though most of the factors on which competition can be done are similar however, what distinguish Lowe from Home Depot is...
1 Pages(250 words)Essay

Home depot

...There is a lot of competition between Lowe’s and Home Depot in the home improvement marketplace due to the fact that these two companies are the market leaders in this industry. Both companies have an impressive physical infrastructure throughout the United States. Lowe’s has 1,650 stores, while Home Depot has 2,278 stores. In a survey performed to US shoppers revealed that 53% of the corresponded preferred Lowe’s compared to 47% of the correspondents liked Home Depot better. The people that preferred Lowe’s claimed the store has better product selection and customer service. The combined sales of both stores surpassed...
1 Pages(250 words)Essay

Home depot

... Introduction Information technology has become a powerful and invaluable tool to drive development, support growth, promote innovation and enhance competitiveness. It offers opportunities for countries that are developing. Nations around should connect and join together as a networked community through information technology. Unlike the system based on paper that was unreliable, prone to errors and slow, information technology reduces cost, time and errors, and captures timely information. The role played by technology is evident in the development and growth of economy in many communities. Body Information technology affects the life of everyone in the society. The growth of technology support networks and these networks support...
1 Pages(250 words)Assignment

Lowe's vs Home Depot

...Lowe’s vs. Home Depot: Location, Location, Location. Discussion Questions. Question The two stores, Lowe’s and Home Depot sell very similar products. They try to keep their prices very competitive because they are both aiming at a mass market of ordinary people, who need all kinds of household hardware, and professionals in the fields of home construction, home maintenance and home improvement. There is evidence that customers may prefer one or the other, but they do use both stores, and so their loyalty is not fixed either way. This proves that there is overlap in the appeal of the two stores, and makes them obvious...
2 Pages(500 words)Essay

Home Depot VS Lowe's

...First and Home Depot VS Lowes The economic downturn has been an essential factor for many businesses and for the availability of consumers to use certain services. Thus, for a retailer of home improvement and construction products and services the Home Depot and its main competitor, a chain of retail home improvement and appliance stores Lowe’s have also come under such economic conditions, which discouraged consumers from maintaining and improving their homes and thus negatively influence the activities of both companies. It has been determined that about twenty- five percent of homeowners are in dents more than they...
3 Pages(750 words)Essay
sponsored ads
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.

Let us find you another Essay on topic Home Depot for FREE!

Contact Us