Home Depot Memo

of Home Depot, Inc. , reproduced in Appendix A of this textbook. (The 2012 financial

The visual representations of their mission and vision are utilized to instill core values and principles for their associates, define the scope and purpose of the organization, and reiterate and support their competitive position as the world’s leading home improvement retailer. The Home Depot accredits its success to their values. They believe that treating people well, encouraging risks, recognizing and awarding performance, and developing and leading people are the factors. In order to remain successful they maintain an environment of mutual respect, and have a zero tolerance policy for discrimination and harassment.

From its roots as a vision in 1978 of a home improvement superstore The Home Depot has become a giant in this sector. Influenced by the “do-it-yourself” customer or the corporate contractors each policy and business plan is developed with a consumer stake holder emphasis. As its founders stated “We’re in the people business” (Planning), and this is maintained in its business structure today. Set up as a direct to consumer warehouse of home improvement and building products

You are like me. Scrambling around the aisles of the local home improvement store attempting to grab all of the items needed to complete a project or projects on this quiet, cool September night. It is 9:45 pm, 15 minutes until the store closes, and the pressure is on to locate everything on the list. I think that you and I are the only two customers in the store surrounded by the sea of orange aprons restocking the shelves.

Company Q is a corporation whose stakeholders have not placed a major emphasis on social responsibility, instead it appears that the primary focus is placed on profit. With their profits on the decline, they are shying away from opportunities to help their community. By placing a higher priority on social responsibility Company Q will have the opportunity to help the community through charitable donations, employee volunteer initiatives, and creating quality jobs for the persons who live in the community. At the same time, Company Q will can also improve their public image and potentially increase profit.

Several different accounting concepts resulted in the 3% reduction of earnings felt by Home Depot in 2007 and 21% lower than 2006.

Home Depot strives to provide the highest quality service to its customers. Home Depot achieves this by hiring professionals such as, carpenters, plumbers, and paint specialists. These experts are invaluable resources for less knowledgeable customers looking for a certain product or working on a new project. The Home Depot staff can help customers pick out larger and more difficult items such as showers, vinyl siding, carpet, appliances, and plumbing. After the purchase, Home Depot will have the items delivered and installed in the customer’s home. Home Depot’s focus on “product authority” is one of the main and drivers for the company’s high quality service.

Before I begin this paper, I would like to explain that this paper is based on my experience working at the Home Depot. Things might have changed since I left in November, and that this does not represent anything other than what my experience was working there. I worked as a freight team member and the duties include unloading the trucks and stocking the stores at night when the customers are not at the store. During the night shift there is less than ten people working in the store so most of the time we are stocking the shelves by ourselves unless we were unloading the truck.

In the stakeholder model, the shareholders are the people that legally own a share of stock of The Home Depot Inc. The Home Depot first became public in 1981 through the National Association of Securities Dealers Automated Quotations (NASDAQ) and 3 years later, in 1984, they moved to the New York Stock Exchange (“Our History”). In general, The Home Depot’s stock price increased during the year 2014 (see fig.1). The closing stock price in January 2014 was $76.85 and by the end of December the stock price increased to $104.97(“Historical Lookup”). This is approximately a 36% increase from the beginning to the end of 2014. Lowe’s, another home improvement retailer, is one of The Home Depot’s biggest competitor. Though The Home Depot’s stock price

The company believes in always giving back to the surrounding community. They have programs such as Partners in Time (an employee volunteer program), Cause Marketing, Corporate Giving, and many more. The company is proud of the community service they have been involved in and the amount of donations they have given throughout the country.

Lowe’s home improvement warehouse logo consists of a stunning blue boxed home, it screams home improvement, through the slogan “Never Stop Improving”. They crave customers and allure them in through their great promotions and advertisements. The logo’s slick blue finish invites customers to purchase their merchandise, while straying them away from their competitors. Lowe’s sense of hospitality is brought by their kind staff in red and blue uniform; they welcome you, and assists you in purchasing the best materials to improve your home, to best outcome it can possibly encompass.

Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.

First, before I start doing anything about my plan, I will announce it to the people, and let the government know that there is a new law about building/using factories inside of a fence that is soon going to be built. The main rule of this law is that only workers or security are allowed to go into the fence or near it. Next, I will be starting to make the fence that the factories will be in. The fence will be made out of iron and on the outside, they will have electric wires to shock people who are not part of the security or are workers. The fence will be at least 350 meters tall, and I will make sure to make it higher than the factory. Inside of the fence, we will either move or just start making new factories and machines in it. Then,

Corporations address these issues by donating money, products, or services to charities – a temporary solution, but between the need to satisfy investors who want to maximize short-term profits and critics who demand higher levels of social responsibility, companies can only give so much before having to justify the charitable expenditures against their needs as a company.

Corporate social responsibility (CSR) is a topic under spotlight in recent years, firms become more committed to involve in corporate philanthropy by giving away gifts or monetary contributions to social and charitable causes. However, different firms tend to have a different level of commitment towards corporate philanthropy, which means that some firms are more committed to corporate philanthropy than others. Therefore, this essay discusses why some firms are more committed to corporate philanthropy than others by analyzing the motives of the firms on the individual level, firm level and field level.