Home Depot Strategic Audit

abode storage, Inc. strategical Audit Scott Randall MGMT 479 24 April 2011 Synopsis: position storage is a multinational company with over 2,000 interjects set crossways the United States, Canada, Puerto Rico, Mexico and Argentina. The company was founded in Atlanta, Georgia, by tercet men, Bernard Marcus, Arthur unoccupied and Kenneth G. Langone and went on to become the worlds largest lieu returns stock certificate and second largest retailer after Wal-Mart. (Wheelen, 20-2) By 1980, in that location were four plate entrepot stores candid in merge parts of Atlanta with total annual sales of $22.3 one thousand million. lilliputian after, Home Depot expanded further south and assailable 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 reflex ion 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 two-bagger from $1.10 in 2000 to $2.72 in 2005. After co-founder Arthur Blank retired as chairperson and CEO in 2000, Robert L. Nardelli took over the reins as the new CEO. Nardelli was a successful executive director at General galvanizing 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. Strateg ic Audit * Current Situation A. ! Current Performance * 2005Sales of $81.5 one million million million increased 11.5% from $73.1billion in 2004 (Wheelen, 20-27) * Total assets on January 29, 2006 was $44.482 billion (Wheelen, 20-30) * consequence its 2,000 store in 2005 (Wheelen, 20-1) * Employed over 345,000 associates in 2005 (Wheelen, 20-1) * naturalise 16 import distribution centers in the U.S. and Canada (Wheelen, 20-20) B. Strategic impersonate 1. mission: A new mission statement was...If you expect to fail a full essay, order it on our website: OrderCustomPaper.com

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