HD vs Lowes

1097 WordsSep 15, 20145 Pages
Running head: THE HOME DEPOT VS. LOWE’S The Home Depot vs. Lowe’s AIU Online MGMT499-1302A-06 June 2, 2013 Abstract This research paper will compare and contrast two organizations in the same industry. There will be analysis on the two organizations’ elements of business. This includes the basic legal, social, and economic environment, the managerial, operational, and financial issues impacting the organizations, and an analysis on the impact of potential change factors. The two organizations in the same industry that will be compared and contrasted are The Home Depot and Lowe’s. The Home Depot and Lowe’s are both clearly success stories, with 4,000 stores between them.…show more content…
Lowe’s also offers several development opportunities and resources through the company’s Generous Tuition Reimbursement Program, Certified CPE course offerings, Management Development programs through the Lowe’s Leadership Institute, and skill and competence development courses (“Learning and Developing”, n.d.). The Home Depot continues to give raises, bonuses, and develop and promote employees with good work ethics. Home Depot typically promotes from within the company. Strategic Decisions Making When it comes to strategic decision making The Home Depot management was criticized for its lack of progress under Bob Nardelli (previous CEO) (“Home Depot tries”, 2007). The company was criticized for paying Nardelli way too much as CEO and still too much even after he left (“Home Depot tries”, 2007). Management Style and Leadership Style Frank Blake, CEO of Home Depot, has a participative leadership style that increasingly wins support from business leaders (“Home Depot tries”, 2007). Blake is known for great motivators with reward policies and thank you notes which made him good at both task orientation and people orientation in his management style. Robert Niblock, CEO of Lowe’s, has a balance of task orientation and people orientation with more employee participation and engagement. Use of SWOT Tool Both

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