StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Home Depot for Strategic management for mba class - Case Study Example

Comments (0) Cite this document
Summary
The Home Depot, Inc is a Georgia based organization which operates under home improvement industry. Porter’s five forces model is used to perform an industry analysis on the Home Depot for the year 2006. This paper also compares the results of the analysis with those of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
Home Depot case study for Strategic management for mba class
Read TextPreview

Extract of sample "Home Depot for Strategic management for mba class"

Download file to see previous pages Switching costs were low in this industry and this situation assisted consumers to change their retailers easily. In addition, the industry faced threat of substitutes because many products had close substitutes available. In 2006, buyers’ bargaining power was high as they had different market options and good understanding of various brand choices. In contrast, supplier power was low as majority of the retail players received suppliers from a large number of distinct vendors. Need of high initial capital investment eliminated the threat of new entrants to some extent at that time. The home improvement industry underwent tremendous changes over the next six years. Degree of rivalry got intensified because the price factor became paramount. As compared to 2006, threat of substitutes became higher in 2011 mainly because of the innovation and development of improved substitute products. By 2011, the industry adapted to a competitive pricing strategy and this situation added further value to buyer bargaining power. Naturally, suppliers were also forced to provide material to retailers at minimum cost; hence, supplier power further declined in 2011. Similarly, threat of new entrants also reduced to a considerable extent because new entrants found it difficult to confront with huge players like Wal-Mart.
2. While analyzing the market environment of the Home Depot for the year 2006, brand awareness seems to be the most competitive strength of the company. The Home Depot was the world’s largest home improvement retailer during that time, and this dominance boosted its brand awareness. Increased utilization of rapid deployment centers also added to the strength of the company as this strategy contributed to the efficient supply chain operations. In addition, the organization’s simple and distinct business model has entirely changed the way consumers shop home improvement ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Home Depot case study for Strategic management for mba class”, n.d.)
Home Depot case study for Strategic management for mba class. Retrieved from https://studentshare.org/miscellaneous/1587280-home-depot-case-study-for-strategic-management-for-mba-class
(Home Depot Case Study for Strategic Management for Mba Class)
Home Depot Case Study for Strategic Management for Mba Class. https://studentshare.org/miscellaneous/1587280-home-depot-case-study-for-strategic-management-for-mba-class.
“Home Depot Case Study for Strategic Management for Mba Class”, n.d. https://studentshare.org/miscellaneous/1587280-home-depot-case-study-for-strategic-management-for-mba-class.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Home Depot case study for Strategic management for mba class

Home depot

...to improve the service to the customers, which would play a very crucial role, in increasing the customer satisfaction, which would improve their business during such tough times. (www.bloggingstocks.com) In the consumer’s mind there exist different types of gradation, for both Lowe’s and Home Depot. In the case of the Lowe’s stores consumers really believe that, there is a very good scope for the selection of the best products. They also feel that when compared to the Home Depot store, the Lowe’s store renders much better customer service. Most of the men and contractors get their needs satisfied through the Home Depot...
1 Pages(250 words)Essay

Home Depot: Case Analysis

...tried to increase the number of part time workers from 15% to 50%. I strongly argue that this practice would destroy the potentiality of the Home Depot’s business operations since the majority of part time workers’ interests would be on other external matters. Moreover, the personal management decisions taken by Nardelli were not adequate to add shareholder values. The case study indicates that the share price rose the very next day after the announced change in leadership. Scholars suggest that pitfalls in company’s customer service have greatly caused its share price decline. The deteriorating housing market in 2006 has also badly affected the...
5 Pages(1250 words)Research Paper

Home Depot Case

...?Home Depot Case 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. That is the improvement in the company’s share prices. Chart 3 shows the value of HD shares to be generally declining and having a hard time recovering, while that of the competitor’s stocks have been steadily rising. Initially, the problem looked like a mere customer service issue. Further research reveals there is a top management challenge...
5 Pages(1250 words)Research Paper

Case Study: the Home Depot Company

...and qualifications of the board of directors point out the fact that they are experienced individuals who are competent in the running of the company. The strategic objectives of the company also indicate the competency of the board; the decisions made are for the benefit of the company, a fact that indicates that the board is efficient in their operations. From an analysis of the two companies, the best investment strategy would be to invest in the shares of Home Depot, because of the better performance compared to Lowe’s Inc. This conclusion is based on the analysis of the performance presented in the financial analysis. The share values of Home Depot...
4 Pages(1000 words)Case Study

Home Depot Case study

...was regained. This came with new challenges which had to be coped with and therefore the strategies employed were long term. Through a critical analysis of Home Depot I will show how it rose and managed to compete with others in the industry. It started with two stores in Atlanta and soon opened other branches all over the United States. For two decades it had a good reputation for its good customer services which differentiated it from most of its competitors. However this seemed to decline with time and cost the company greatly. This was noted due to the reduction of revenues and the amount of sales. The idea of the appointment of Blake was to restore the company’s reputation in the...
9 Pages(2250 words)Case Study

Home Depot

...to develop simple and direct relation with its customers. The company shall be more effective to cope with the customer services and simplify its store operations (Harrison and John). Home Depot aims to expand its business, in order to intensify its international concentrations by customizing its products to meet the local needs of other countries. Home Depot has included more product lines for its renewable energy products. Work Cited Bragg, Steven M. Accounting Reference Desktop. New York: John Wiley & Sons, 2002 Harrison, Jeffrey S Harrison and Caron H St John. Foundations in strategic management. Mason: South-Western Cengage...
9 Pages(2250 words)Essay

Marketing

..., this study will ask a number of current and past students about MBA program at Coventry Business School. We will use a questionnaire methodology and also use a sampling method in our investigation. After completing this investigation we will be able to know whether student’s perception about Coventry’s MBA is positive or not. Course Structure 1st Semester All MBA students study a number of core areas covering business strategy, the business environment and the main functions of business. These are outlined below: • Strategic Management • Financial Statement Analysis • Human Resource Management •...
16 Pages(4000 words)Essay

HRM Case Study on Home Depot

...1. At times companies entered into hiring and employment practices that are not ethically or legally correct. The case of Home Depot is a perfect example of corporate America being guilty of workplace discrimination. This corporation was guilty of multiple types of workplace discrimination which occurred due to societal factors that made this company was the right thing since it helped them gain a competitive advantage over other competitors. The main assumption this company made which led to the discrimination was that the company implemented hiring practices in which men and women were diverted to certain types of jobs based on their gender since the company believed that their...
5 Pages(1250 words)Essay

The Relevance and Importance of the Concept of Global Business Fitness

...on the household expenses. As a result people were focusing on the standardized low cost products. This is a great opportunity for the competitors to provide high class services at a cost lower than Kingfisher’s products. The company been the largest home retailer, it has a strong brand portfolio providing outstanding services worldwide especially in Asian markets. Being a market leader it has to face many challenges to establish them as a globally fit organization. It has performed very well in emerging markets of Europe and Asian earning high sales revenue that has offset the weak performance in the domestic market. (Kingfisher Plc, 2008, p.20-29)   Conclusions and Recommendations The report...
14 Pages(3500 words)Assignment

Managing Strategic Change: Home Depot

...Managing Strategic Change: Home Depot This paper gives a brief background of the events at Home Depot leading up to the resignation of Robert Nardelli, its Chairman and CEO in early 2007. There are two major challenges facing the in-coming CEO would face and they are represented as the problem statement in this paper. The paper identifies the problem of changing the organization’s culture as being the greater challenge due to its implications on the company’s falling customer service. The paper concludes that Home Depot’s current customer service crisis provides the best environment for implementing a...
5 Pages(1250 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 Case Study on topic Home Depot case study for Strategic management for mba class for FREE!

Contact Us