case study: the Home Depot

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Case Study: The Home Depot Preface This Essentials of Strategic Management assignment has been made by three persons which have been working together and individually to finish the assignment properly and in time. Secondly, we would like to thank the company whose websites we were able to visit and use, to get additional information that we could use for leading the assignment of Home Depot to a successful ending. We can say, that it was a pleasure to work on this assignment and would, in the third place, like to thank each other. The persons who worked on this assignment, for the effort and time that is put in the assignment, that brought us to this finished version. Content 1.Preface 2.Introduction 3.Problem definition 4.Summary…show more content…
-What conditions were necessary to stimulate the growth of the home improvement industry? -Would you purchase Home Depot stock? Why (not)? -What competitive strategy is Home Depot following? -What corporate strategy is the company following? Why? -What is the importance of corporate culture to Home Depot? Can it be transferred to the new smaller stores? Internationally? -How important are the current strategic managers to the success of Home Depot? The first question will be answered with the EFAS (External Factor Analysis Summary), the second will be answered with the IFAS (Internal Factor Analysis Summary) and the answer to the third question will contain a summary of the first to, put into the SFAS (Strategic Factor Analysis Summary). The definitions will be explained in the dedicated chapters. What we can say already is that the EFAS and IFAS were designed to deal with criticisms of the famous SWOT analysis. Some of these criticisms are; that the SWOT generates lengthy lists, uses no weight to reflect priorities and there is no logical link to strategy implementation. Summary. In the summary we will summarise briefly all the questions and the corresponding answers. For the first three questions and the question about the two store chains, we would like to refer to the corresponding chapters (External Analysis of Home Depot, Internal analysis of Home Depot, Strategic factors and Large box (endless selection) versus smaller stores

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