Final Assignment – Home Depot, Inc.

– Complete all sections for the final paper, the final section and the conclusion should provide an opinion about the organization’s overall assessment.Instructions:You will submit the final portion of your organizational assessment on Home Depot, Inc. Theorganizational assessment will proceed by analyzing factors such as leadership, ethics, strategy,economic, demand analysis, financial factors and the overall assessment and conclusion.Exceptions to this must be approved by the professor to ensure you have access to thenecessary information to complete the study.The final project will be about 15-20 pages of narrative, excluding the cover page andreferences. Papers should be APA style, with one-inch margins and 12-point font.Week 1 – Choose an organization to study.Week 2 – Leadership AnalysisWeek 3 – Ethical FactorsWeek 4 – Strategic AnalysisWeek 5 – Economic AnalysisWeek 6 – Demand AnalysisWeek 7 – Financial FactorsWeek 8 – Overall Assessment and ConclusionIntroductionThe Home Depot Inc. was founded in 1978 by Bernie Marcus and Arthur Blank. The two wished to establish a superstore that would offer various products, employing highly skilled staff, and selling products at reasonable prices. They envisioned a store where employees do not only target to sell to visitors but also guide them through different home improvement methods. The pair got assistance and a merchandising guru and opened two Home Depots in Atlanta in 1979. The store soon became successful and posed significant competition in the region. It had more items than any other hardware store in Atlanta. However, the founders were not convinced they had achieved their goals. They desired a Home Depot with expert associates who could train customers and using and repairing home equipment such as how to operate a power tool.Furthermore, the Home Depot started offering DIY clinics, customer workshops and interacted and trained customers face to face. One of the policies in the Home Depot stated that clients were entitled to the best assortment, good quality products and services, affordable prices, and the help of an expertly trained sales associate when they visit the store (About us. 2020). Marcus and Blank also implemented a “Whatever it takes” philosophy in the business.The Home Depot Inc. went public in 1981, and the founders decided to extend the “Whatever it takes” motto to the community hosting the store. The Home Depot Foundation-backed up legions of Team Depot volunteers, and together they used their free time to provide assistance to the United States’ veterans and communities countrywide.Today, Home Depot has more than 2200 stores spread across three countries. The sole purpose of the stores across the regions is to earn customers’ respect by offering high-quality services at competitive prices and offering a variety of products for customers to have options.Leadership AnalysisThe organization has three levels of managementThe CEO of the company who doubles as the chairman is Craig Menear.The executive team is comprised of:Ted Decker, the President, and Chief Operating Officer.Anne-Marie Campbell, the executive Vice President-U.S. Stores and International Operations.Matt Carey, the executive vice president, and chief information officer, and six other members (Board of directors. 2020).The Board of Directors is comprised of twelve members.Ethical FactorsThe organization is led by a code of ethics. Home Depot Inc. has a page titled corporate governance overview with a subtitle named code of conduct and ethics.The policy also contains Home Depot’s values, strong relationships, respect, creating shareholder value, and doing the right thing section, which is the most important (Values wheel. 2020).The company highlights stories on its website of how they are doing things better every day.Focus on the peopleOperate sustainably.Strengthening communities.Corporate governance.Bribery allegations at Home depot.Strategic AnalysisSWOT AnalysisStrengthsBrand awareness due to the length of time in the industry as the largest home improvement retailerCompetitive pricing in the market.Diversification hence a wide variety of products.Excellent customer service.Significant profitsAdequate investment in M-commerce.Loyal and broad customer base.WeaknessesLack of geographical diversification.Negative publicity due to unfair employee dismissal in 2018.Delayed E-commerce adoption.OpportunitiesMarket to millennials, women, and minority groups like Hispanics.Expand globally.Increase online presence and expand online marketing and sales.Expand partnerships to different continents (Gao, 2013).Consider making acquisitions for purposes of growth.ThreatsStiff competition from companies like Amazon.Economic slowdown due to the coronavirus pandemic.Price deflation.Economic AnalysisThe company suffers a drawback in that it over-depends on macroeconomic conditions.Its performance correlates with the performance of the US economy since most of its stores are located in North America.Demand AnalysisCurrently, the demand for Home Depot products is relatively average due to the ongoing recession resulting from the covid-19 pandemic (Adegboye, Adekunle, Rahman, McBryde & Eisen, 2020).Before the outbreak of the virus, the company’s sales had shown a rising trend.Affordability of Home Depot products played an essential role in the demand for products from the store.Financial FactorsThe company financial reports indicate that the company is among the best performing in the world.In 2015, it featured among Forbes World’s Most Valuable Brands appearing number 37 in the US and 134 globally.In August 2020, the company reported $38.1 billion in sales for the second quarter of fiscal 2020.The results showed a 23.4 percent increase compared to 2019 despite the world facing an economic crisis due to coronavirus.Overall Assessment and ConclusionHome Depot remains to be the world’s largest home improvement retailer. The company has been in operation for close to 5 decades, which makes it a famous brand. Thus. , its policies that aim to provide the best to its customers and promote the well-being of its environs contribute significantly to its success.ReferencesAbout us. (2020). The Home Depot. https://corporate.homedepot.com/aboutBoard of directors. (2020). The Home Depot. https://ir.homedepot.com/corporate-governance/board-of-directorsGao, M. H. (2013). Culture determines business models: Analyzing Home Depot’s failure case in China for international retailers from a communication perspective. Thunderbird International Business Review, 55(2), 173-191.Pak, A., Adegboye, O. A., Adekunle, A. I., Rahman, K. M., McBryde, E. S., & Eisen, D. P. (2020). Economic consequences of the COVID-19 outbreak: the need for epidemic preparedness. Frontiers in public health, 8.Values wheel. (2020). The Home Depot. https://corporate.homedepot.com/about/values

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