Home Depots Social Responsibility Approach - 1611 Words

Home Depot is the worlds largest home improvement retailer operating in 45 states, Canada, Chili and Puerto Rico. Home Depot stores aim to serve both do-it-yourselfers and professional contractors with home improvement superstores carrying between 40,000 and 50,000 different products. Home Depot has also been listed as one of Fortunes most admired specialty retailers for the past six years. In order for companies to succeed in the competitive current marketplace they must consider not only the bottom line and their investors but also their impacts on the community, their employees, and their customers. Home Depot was founded on the idea that treating employees well is an important responsibility. Home Depot believes employees that are†¦show more content†¦Disaster Relief and Preparedness When disaster strikes, The Home Depot is among the first organizations on the scene to ensure its customers have the supplies, resources and support they need to rebuild their homes and communities. Last years destruction in the Gulf reinforced the importance of disaster preparedness. The Home Depots dedication to providing customers with the tools they need to minimize the loss of personal items during such devastating events remains a staple in the companys long-standing tradition of safety and preparedness. The Home Depot takes an integrated approach to its disaster relief efforts through ongoing support of local and national non-profit partners and the mobilization of the Team Depot associate volunteers. In 2005, The Home Depot partnered with organizations such as The Home Depot Foundation, American Red Cross, Salvation Army, Hands On Network, United Way and other community leaders to donate more than $11 million to the long-term recovery and rebuilding of the Gulf region. Through its associate led and managed volunteer force, Team Depot, the company invested $1.7 million in volunteer activation and management in the Gulf. As an example, in Pass Christian, Miss., The Home Depot engaged more than 500 volunteers to build the communitys first permanent structure completed afterShow MoreRelatedA SWOT Analysis for Home Depot1061 Words   |  4 Pages The Home Depot is in the home improvement business and their goal is to provide the highest level of service, the broadest selection of products and most competitive prices. They are a value driven company that abide by their 8 core values which will be discussed later in the essay. Home Depot is the world’s largest home improvement retailer operating in 45 states. Home Depot stores aim to serve do-it-yourself, do-it-for you and professional contractors with home improvement superstores carryingRead MoreHome Depot Case Study7713 Words   |  31 PagesCSR Case Study: The Home Depot Giving back to communities Prepared for: Interdepartmental Working Group on Corporate Social Responsibility (CSR) Corporate Social Responsibility: Lessons Learned Final Home Depot Case Study 1 Corporate Overview Home Depot was founded in 1978, and has grown to become the world’s largest home improvement retailer and the second largest retail chain in the USA with total sales of $53.6 billion in 2001. The company employs a workforce of more than 250Read MoreHome Depot : The Largest Home Improvement Retailer1780 Words   |  8 PagesHome Depot is the largest home-improvement retailer in the world, employing more than 300,000 people in more than 2,257 stores in the United States, Mexico, Puerto Rico, China, the Virgin Islands, Guam, and Canada. Despite being challenged several times by difficult times and economic downturns, Home Depot has managed to continue being the number one home-improvement retailer. Furthermore, Home Depot has omitted itself to being more than just a home-improvement retailer contributing to their successRead MoreHome Depot Business Proposal2903 Words   |  12 PagesHome Depot Business Proposal Easter B. Fulton ECO 561 June 22, 2015 J. Carl Bowman Home Depot Service The Home Depot was founded in 1978 in Atlanta, Georgia as the first home retail store by Bernie Marcus and Arthur Blank (Home Depot, 2014). To give an extent of mixes to customers the Home Depot affiliation made key item examination. This helped clients who request to complete structure extends on different business ranges the affiliations innovative stock revolved around internal and outsideRead MoreA Centralized Structure Transforms. Home Depot1050 Words   |  5 PagesIn 1979 Bernie Marcus and Arthur Black opened their first Home Depot store in Atlanta, GA. The mission of Home Depot was to create a superstore for home improvement that would offer customers a variety of products at a low price that other hardware stores would not be able to match. Managers were able to order and stock products that meet the needs of their local and regional customers. Jones (as cited by Pearson, 2013) states â€Å"when the authority to make important decisions about organizationalRead MoreMar keting Strategy1138 Words   |  5 Pages2 State Farm Insurance http://www.statefarm.com 1. What elements of branding are visible on State Farm’s website? 2. How is State Farm’s positioning relative to competing firms evident on its website? Chapter 8 Ethics and Social Responsibility in Marketing Strategy Exercise 8.1 Lockheed Martin http://www.lockheedmartin.com/us/who-we-are/ethics.html 1. Read about ethics at Lockheed Martin. How has the firm successfully integrated marketing ethics throughout its corporateRead MoreEnvironmental and Industrial Analysis of Home Depot6707 Words   |  27 PagesBUSINESS MODEL ANALYSIS 7 Step 1: Value Proposition: (Advantage: Home Depot) 7 Step 2: Target Segment: (Advantage: Lowe’s) 8 Step 3: Determine Competitors 9 Step 4: Evaluation of Value Chain and Cost Model: (Advantage: Lowe’s) 9 Step 5: Evaluate the Value Network: (Advantage: None) 11 Step 6: Determine the Revenue Model of the firm: (Advantage: Home Depot) 12 Step 7: Critical Success Factors: (Table 3) (Advantage: Home Depot) 12 Business Model Analysis Grid 13 III. STRATEGIC RELATIONSHIPRead Morecase study: the Home Depot19454 Words   |  78 PagesCase 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 theRead MoreS16019 Words   |  25 Pagesstation for some time now. I do not think Apple even needs iTunes radio because those who follow Apple use iTunes and would rather use their iPods to listen to iTunes than Internet radio. Chapter 2 Understanding Business Ethics and Social Responsibility Questions for Review: 2-1. What factors determine an individual’s ethics? For you, which factor has been the most significant? The factors that determine an individual’s ethics are legal interpretations, organizational factors, and individualRead MoreStrategic Management and Lowe25663 Words   |  103 PagesAnalysis.............................................................................................................. 2 Lowe‟s SWOT Matrix ................................................................................................................. 2 Home Depot‟s SWOT Matrix ..................................................................................................... 3 Ace‟s Hardware SWOT Matrix.................................................................................................