Home Depot Strategic Audit

abode storage, Inc. strategic Audit Scott Randall MGMT 479 24 April 2011 Synopsis: central office pole is a multinational company with over 2,000 interjects turn up crossways the United States, Canada, Puerto Rico, Mexico and Argentina. The company was founded in Atlanta, Georgia, by collar men, Bernard Marcus, Arthur unoccupied and Kenneth G. Langone and went on to become the worlds largest billet returns caudex and second largest retailer after Wal-Mart. (Wheelen, 20-2) By 1980, there were four sign of the zodiac transshipment center stores candid in intricate parts of Atlanta with total annual sales of $22.3 cardinal. lilliputian after, Home Depot expanded further south and open up up four more store in Florida and by 1988, there were 100 stores in place. This number expanded to store number 2,000 in 2005. The corporation consists of several entities, including Home Depot, Home Depot Supply, Home Depot Landscaping Supply, EXPO mandate Center and Home Depot Floor Store with a combined total of 345,000 associates. Annual sales reached $81.5 one million million in 2005 with earnings per share more than double from $1.10 in 2000 to $2.72 in 2005. After co-founder Arthur Blank retired as electric chair and CEO in 2000, Robert L. Nardelli took over the reins as the new CEO. Nardelli was a successful executive director at General electric and appeared to be a undischarged fit with Home Depots culture.

However, Nardelli had his own strategies that would rapidly boost Home Depots growth, but with a lot of negative results. Strategic Audit * Current Situation A. Current P! erformance * 2005Sales of $81.5 meg increased 11.5% from $73.1billion in 2004 (Wheelen, 20-27) * Total assets on January 29, 2006 was $44.482 billion (Wheelen, 20-30) * opened its 2,000 store in 2005 (Wheelen, 20-1) * Employed over 345,000 associates in 2005 (Wheelen, 20-1) * naturalize 16 import distribution centers in the U.S. and Canada (Wheelen, 20-20) B. Strategic stupefy 1. mission: A new mission statement was...If you call for to fail a full essay, order it on our website: OrderCustomPaper.com

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