• Home Page
  • Home Depot's Three Legged Stool Framework

Home Depot's Three Legged Stool Framework

Decent Essays
Show More
Home Depot displays a business strategy, which addresses who they serve (the Do It Yourselfers); the need for the company is to assist with the improvement or update of homes. The company can positioned itself to assist and help our customers, empower the frontline employees, the support system of field leadership, support from the support systems and strategic leadership from the CEO. Home Depot utilized the inverted pyramid. “We lived by a simple premise by our founders: Put customers and associates first and the rest will take care of itself (corporate.homedepot, 2016).” Home Depot has a strategy of a three legged stool framework. This framework provides lasting customer service and shareholder value. Home Depot delivers outstanding

Related Documents

  • Improved Essays

    Lowes Strengths And Weaknesses
    • 1036 Words
    • 5 Pages

    Lowes Strengths And Weaknesses

    Lowe’s SWOT Analysis: Never Stop Improving The global company known as Lowes offers its customers everything needed to build, maintain, and enhance their homes. Subsequently, Lowes provides major appliances and home electronics. With their main headquarters in North Carolina, Lowes has established over one thousand eight hundred stores across the United States. Ever since the 1940s, Lowes has continued to promote innovation and internal development, which involves offering high quality products and providing excellent customer service.…

    • 1036 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    Compare And Contrast Lowe's Vs Big Lots
    • 631 Words
    • 3 Pages

    Compare And Contrast Lowe's Vs Big Lots

    Since I’ve been shopping for furniture in the past few weeks, I decided to select for this project two of the many stores I have visited so far, Lowe’s and Big Lots. To me, it seems like fan acquisition is not the first priority for Lowe’s. To find the links to social networking sites in the Lowe’s website, you have to scroll down all the way. In the section “Get Connected” you will find the icons to Lowe’s Tumblr, Facebook, Twitter, Pinterest, YouTube, and Instagram sites. On the other hand, as soon as you enter the Big Lots website, a pop-up window displays asking you to enter your e-mail address to win $5 dollars off on your $15 dollars purchase.…

    • 631 Words
    • 3 Pages
    Improved Essays
    Read More
  • Decent Essays

    Home Depot: The Art Reordering System
    • 251 Words
    • 2 Pages

    Home Depot: The Art Reordering System

    Home Depot strives to stay ahead of the competition by building numerous, large warehouse type stores in lucrative locations and employing skilled staff to service its customers. The company utilizes a state of the art reordering system, which maintains a favorably high rate of inventory turns. Since its inception Home Depot goal is to be the largest supplier of home building supplies. Home Depot offers do-it-for-me installation programs that include products such as carpeting, flooring, cabinets, counter-tops, and water heaters. When the floors of our needed to be redone we purchased the flooring from Home Depot and had a contractor perform the installation.…

    • 251 Words
    • 2 Pages
    Decent Essays
    Read More
  • Improved Essays

    Home Depot History
    • 562 Words
    • 3 Pages

    Home Depot History

    They carry wide variety of low-cost products, and offer expert advice and exceptional customer service. As the world’s largest home improvement chain and one of the biggest US retailers, the company operates nearly 2,270 stores in the US, Canada, and Mexico, an in addition an online business. The average Home Depot store is roughly 130,000 square feet and is stocked from floor to ceiling with some 40,000-50,000 distinct products. The size and volume permits Home Depot to stay profitable by offering more for less. This, in turn, permits Home Depot to negotiate lower costs from the merchandise vendors, with the savings handed on to the consumer.…

    • 562 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Home Depot Financial Ratio
    • 448 Words
    • 2 Pages

    Home Depot Financial Ratio

    Industry Averages and Financial Ratios Home Depot is one of the world’s largest specialty retailer stores for home improvement and a one stop shop for people who is considered as do-it-yourselfers. Home Depot offers customers a wide variety of home improvement ideas and support with their customer service. Home Depot has become the leading home improvement store that provides online service, retail, delivery, and do-it-yourself training. The comparison between Home Depot and other similar company within the industry will show the profitability, solvency, and efficiency based on the industry average and financial ratios. Home Depot management plans to conduct their just in time inventory to facilitate a user friendly environment for its customer.…

    • 448 Words
    • 2 Pages
    Improved Essays
    Read More
  • Improved Essays

    The Four Structural Dimensions Of Ternary Software's Organizational Structure
    • 1100 Words
    • 5 Pages

    The Four Structural Dimensions Of Ternary Software's Organizational Structure

    Comparing Organizational Structure When people think of organizations such as Apple and Walmart, the building is not what most people think of to define the organization; the customers love the product or the low cost the organization provides. Each organization has an established culture and a competitive advantage plan that is understood in their respective market (Zismer, 2011). The purpose of this paper is to identify the Ternary Software’s organizational structure. Next describe the four structural dimensions of Ternary Software and how the dimensions affect the efficiency and effectiveness of the Ternary Software. Third, systhesis the Porter’s competitive strategies model to Ternary Software.…

    • 1100 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    Ethical Issues In Home Depot
    • 780 Words
    • 4 Pages

    Ethical Issues In Home Depot

    In the New York Times article "Front Line in Day Laborer Battle Runs Right Outside Home Depot", Steven Greenhouse discusses problems facing Home Depot and day laborers. Home Depot is a large home improvement retailer that offers goods to contractors and homeowners with in-store assistance from trained and licensed staff. The current problem plaguing Home Depot involves its stakeholders which are contractors, customers, communities, day laborers, and the company 's corporate social responsibility. Home Depot is under scrutiny because communities and local governments are depending on the company to assist with social disparities involving labor for immigrants. In Austin Texas and many other cities across the nation, day laborers gather outside…

    • 780 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Earth Cafe Case Study
    • 984 Words
    • 4 Pages

    Earth Cafe Case Study

    They started with their core grocery store and seen there was a market to use their grocery store products and create a product that is finished and has more value. Having the deli business allows them to have a greater return on product that simple selling the ingredients. Their grocery store has a 30% return while the deli boasts a 50% return. Their business level strategy is focus differentiation. They sell organic products.…

    • 984 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Supply Chain Analysis Of Wal-Mart
    • 1848 Words
    • 8 Pages

    Supply Chain Analysis Of Wal-Mart

    So far, this project has shown that the shelf availability has increased by 5.7% to 93%. The Multi Channel Strategy now allocates a broader selection of products that are exclusively on Wal-Mart’s online store, to then promote online shopping, reacting to the booming online shopping market, like Amazon.com. These strategies are new, so it is hard to see the outcome, but so far it seems like these implementations have made a good impact on the company. Wal-Mart differentiated itself from the startup by using EDLP, and should continue to use this pricing strategy. Wal-Mart stores are known for its low prices, and redefining the company by changing the prices and qualities of its products (like implementing a hi-lo pricing strategy) would be a long and difficult thing to do, and a majority of customers would not be happy with the change.…

    • 1848 Words
    • 8 Pages
    Improved Essays
    Read More
  • Improved Essays

    The Four Cultural Beliefs Of Sam's Club
    • 1086 Words
    • 4 Pages

    The Four Cultural Beliefs Of Sam's Club

    The four culture beliefs of Sam’s are respect for the individual, service to our customers, strive for excellence, and act with integrity these help the company stay strong with people. Having respect for employees and its customer is a great way to show that a company not only cares about the money being made but the people contributing. This culture belief started when the company was small as a way to show its employees and customers they are valued. Ways to show respect is by listing to its employees and then being able to communicate back to them the results. Sam’s has a Sundown policy this is when an employee voices their issues to members of management the manager has until the end of the day to give that employee an answer.…

    • 1086 Words
    • 4 Pages
    Improved Essays
    Read More
  • Decent Essays

    Case Analysis Of Exxon Mobil
    • 768 Words
    • 4 Pages

    Case Analysis Of Exxon Mobil

    Business Level Strategy (Exxon Mobil) Definition :( Business Level Strategy) “Business- Level strategies are actions firms take to gain competitive advantages in a single market or industry”. (BLS, 102).ExxonMobil is one the few companies that has been able to lead the oil and gas industry through its cost leadership. Its large economies of scale makes it dominant firm in the market as well as cost leader in the industry.…

    • 768 Words
    • 4 Pages
    Decent Essays
    Read More
  • Great Essays

    Allianz's Business Model
    • 2229 Words
    • 9 Pages

    Allianz's Business Model

    About Allianz Allianz SE Allianz SE was found by Wilhelm Finck and Carl Thieme in 1890 and its headquarters are in Munich Germany. It is engaged in the provision of insurance and investment advisory services. Its business includes four different segments; life/health, property-casualty, asset management, and corporate and other. The life/health segment offers endowment and term insurance, annuities, unit-linked and investment-oriented products, long-term care insurance, and private and supplemental health. The asset management segment functions as a global provider of the institutional and retail asset management products and services to third party investors.…

    • 2229 Words
    • 9 Pages
    Great Essays
    Read More
  • Improved Essays

    Home Depot's Corporate Strategy
    • 657 Words
    • 3 Pages

    Home Depot's Corporate Strategy

    Home Depot differentiates itself from its competitors by offering expertise from their knowledgeable employees and value-added services such as delivery, installation, design, service agreements, tool and truck rental, special orders, do-it-yourself clinics, and online ordering with in-store pick-up. Home Depot’s focus is on DIY-ers, professional…

    • 657 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Never On A Sunday Essay
    • 800 Words
    • 4 Pages

    Never On A Sunday Essay

    Businesses today are built on philosophies and organizational cultures for different reasons. Because culture is very important to an organization, business sometimes mirror the owner of the company culture, philosophies and values. As a result, they implement what the owner want and stand for as the company core values. For example, Barnes and Nobles Bookstores is a large business built for people who love books. They build their foundation on learning and the benefits reading has on learning.…

    • 800 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Formal Analysis Of The Organizational Structure Of IKEA
    • 867 Words
    • 4 Pages

    Formal Analysis Of The Organizational Structure Of IKEA

    In general, the organizational structure can be defined as the system used to draw round the chain of command inside the organization (Grant& Jordan, 2015).The organizational structure is draw guide for how the organization functions with a specific end goal to accomplish their objectives and development. The organizational structure can be reflected through the organizational chart. This essay paper will discuss the proposed organizational structure for IKEA on the light of the shifting in the concentration of the strategic to be expanding globally. IKEA is established in 1943, as a design and sells company that focus on furniture, home accessories, and appliances ("IKEA," 2012).…

    • 867 Words
    • 4 Pages
    Improved Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings