An analytical competitor is defined as “an organization that uses analytics extensively and systematically to outthink and out execute the competition.” (Davenport, p23) According to Davenport and Harris, the measure of a successful analytical competitor lies in its ability to meet the following: 1) must possess the four key characteristics that form the pillars of analytical competiton and 2) transition through the five stages of development of the analytical competitor.
In order to compete successfully, a company…in this case, The Home Depot, must display certain characteristics and perform at high levels in several areas. Home depot has invested billions of dollars in becoming competitive on analytics. They use analytics in many …show more content…
Home Depot competes internally on anyalytics by employing analytical studies in various areas of internal operation. For example, analytics were used to determine how to encourage a team mentality among associates and train them form long term growth within the company. Home Depot has expansive training systems which not only allow for cross training within departments but also prepares associates to move into leadership roles as managers or even executives. By employing analytics, Home Depot also determined a need for more personalized interaction with professional contractors and thus the Pro Desk was …show more content…
Location analysis uses geographic analysis and digital maps for the optimization of locations for stores, distribution centers, manufacturing plants. To accomplish this fete, HD has invested in the expertise of retail consultant company, MapInfo. “MapInfo’s consultants provide a site selection strategy for HD’s “mega store” format: large asles; varied inventory; comprehensive in-store centers, such as the garden and home decorating centers; all under one roof. As such, HD has become a “category killer” in home improvement and is the second largest retailer in the United States, after Wal-Mart. Prior to the big box concept, “mom and pop” hardware shops were the mainstay of this retail category. Most of those have disappeared and some of the niche hardware retailers that had franchised are now being acquired by the big box companies.” (
In order to compete successfully, a company…in this case, The Home Depot, must display certain characteristics and perform at high levels in several areas. Home depot has invested billions of dollars in becoming competitive on analytics. They use analytics in many …show more content…
Home Depot competes internally on anyalytics by employing analytical studies in various areas of internal operation. For example, analytics were used to determine how to encourage a team mentality among associates and train them form long term growth within the company. Home Depot has expansive training systems which not only allow for cross training within departments but also prepares associates to move into leadership roles as managers or even executives. By employing analytics, Home Depot also determined a need for more personalized interaction with professional contractors and thus the Pro Desk was …show more content…
Location analysis uses geographic analysis and digital maps for the optimization of locations for stores, distribution centers, manufacturing plants. To accomplish this fete, HD has invested in the expertise of retail consultant company, MapInfo. “MapInfo’s consultants provide a site selection strategy for HD’s “mega store” format: large asles; varied inventory; comprehensive in-store centers, such as the garden and home decorating centers; all under one roof. As such, HD has become a “category killer” in home improvement and is the second largest retailer in the United States, after Wal-Mart. Prior to the big box concept, “mom and pop” hardware shops were the mainstay of this retail category. Most of those have disappeared and some of the niche hardware retailers that had franchised are now being acquired by the big box companies.” (