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I need some assistance with these assignment. the home depot: swot analysis Thank you in advance for the help!
I need some assistance with these assignment. the home depot: swot analysis Thank you in advance for the help! Right from its establishment, Home Depot has intensively and extensively pursued business success. This process has never been an easy task for the company. Diverse and dynamic challenges came up along the company’s operations, all of which derailed the success course in one way or another. In general, Home Depot’s performance in its business is commendable. Strategies were designed and implemented, subsequently helping the company to work on its organizational goals and objectives.
Given the strategies Home Depot employed in its business operations, a number of elements that informed these strategies are noted. To start with, the company is noted to be highly sensitive to the manner in which its leadership and management conducts its business. In other words, leadership and management are critical factor in Home Depot’s business. Senior management in this company was drawn from highly competitive fields. This move is strategic in the sense that the company sought to employ highly-skilled, knowledgeable, and competitive parties.
The second element of strategy relates to business expansion, growth, and development. After the founders of the business had set the pace, the business was subjected to vigorous expansion, growth, and development (Hess 3). This was a strategic move to have the company realize its organizational goals and objectives. Although challenges were part and parcel of the growth and development process, the expansion of the business was not adversely affected by these challenges. Pursuing expansion, growth, and development, therefore, became a critical element of laying out strategies that would inform Home Depot’s business operations.
Internalization of Home Depot’s business operations is another element that defines the company’s strategy aspect. In executing its business, the company considered going international. In other words, the company targeted international markets in offering its .products. .
