Called the grand strategy, this statement of means indicates how the objectives are to be achieved… (Pearce and Robinson, 2004, p. 14). Home Depot is a successful company. In a short time, they have amassed sheer size and scale over the market growing to over 80 billion dollars in sales in less than 30 years. The purpose of this paper is to discuss the company’s history, values, and culture analyzing the current and future market needs developing a strategic plan focused on the company’s long-term objectives to realize opportunities for continued growth, expansion, and profitability. Company’s History From the very beginning, The Home Depot was something special; a large-scale hardware store with a family approach and interesting marketing concepts.
Its Instagram unit has more than 300 million users, while mobile messaging app WhatsApp, which it purchased for $19 billion in cash and stock in 2014, has 700 million users and is growing. (“Forbes Mag.”) Zuckerberg made two major life changes in May 2012. Facebook had its initial public offering, which raised $16 billion, making it the biggest internet IPO in history. How Zuckerberg's company will handle this influx of cash remains to be seen (Williams 56). But Zuckerberg may be looking at more acquisitions.
They help major banks, retail companies and telecommunication companies. There is no doubt that Symcor is the best company for outsourcing services based on their work, reputation and commitment to deliver success. Weaknesses Even though Symcor is a very strong company it has some weaknesses. One weakness is that Symcor is increasing the unemployment rate. Due to giving companies outsourcing opportunities, these companies will fire their staff because staff overseas will work for cheaper and sometimes even better.
Amazon Evolution Amazon, the largest online retailer, has annual sales in excess of $10 billion but investors have not seen the consistent profit growth they expected (Rainer & Turban, 2008). Jeff Bezos started Amazon.com in 1995 by selling books because he believed that only the Internet could offer customers the convenience of browsing a selection of millions of book titles in a single sitting (Small Business Notes, 2009). According to Small Business Notes (n.d.), “Since 1995, Amazon.com has significantly expanded its product offering, international sites, and worldwide network of fulfillment and customer service centers.” Amazon continues to grow and evolve as an excellent e-commerce platform by giving customers more of what they want such as low prices, vast selection, and convenience (Small Business Notes, 2009). However, many analysts wonder if Amazon will ever fulfill its original promise to revolutionize retailing (Rainer & Turban, 2008). According to Rainer & Turban (2008), “By 2007, Amazon had spent 12 years and some $2 billion building the infrastructure of its online store, which is among the biggest and most reliable in the world.” However, Amazon does not use but a small amount of its processing capacity at any one-time so the company decided to provide a series of computing, storage, and other services that make its infrastructure available to companies and individuals to help them run the technical and logistical parts of their businesses (Rainer & Turban, 2008).
At the beginning it was just an online bookstore. Six years later, Amazon used their own inventory management, distribution infrastructure, fulfillment, and customer service model to become the one of the biggest online-shopping company. By 2000, over 75 percent of U.S. consumers recognized the Amazon.com brand, and the Interbrand ranked the company as the 48th most valuable brand worldwide. The number of customers increased from 14 million in 1999 to over 20 million in 2000. However, a successful company like Amazon.com also has its own actual problems.
Organizing is the foundation for thriving businesses. For any potential successful business, competition provides employers with the necessary tools to become a better business to better serve its customers. The members pay top dollar to be apart of our business. So, our costumer service is what determines the perseverance of our business. Therefore, a big part of business is accepting all people who are willing to pay for our services.
But most will tell you they are fuelled by a passion for their product or service, by the opportunity to solve a problem and make life easier, better, cheaper. Self-belief is a big one for Mark because he took many risks, he was 100% sure that his product would hit big time and since he took that risk it did. Actions that demonstrate Mark’s leadership ability Mark dreamt big, showed commitment and stayed focus. He focused on his dream, and by doing that he had to stay committed, the outcome of that made him a great leader in the business world. People look up to him every day by gaining what he has, which is mostly money and power.
Pleasing the personnel is one of the principal goals of any business to survive and develop in this huge competitive trade. This indeed is a vast trial that is to be reached by the business. For the personnel to be pleased it
Other individuals such as authors, musicians, and filmmakers are also able to sell their products using the same platform. Millions of products are offered through the website. The website may be accessed through PCs, and even mobile applications in just four months of operation, Amazon.com became a very popular site on the Web, making high marks on several Internet rankings. It generated recognition as the sixth best site on Point Communications' "top ten" list, and was almost immediately placed on Yahoo's "what's cool list" and Netscape's "what's new list. Amazon.com strived to set the standard for web businesses.
5. Describe how Amazon uses e-Business and e-Commerce for B2B and B2C a. E-Commerce i. Amazon uses e-commerce for the outside of the business ii. This would use the B2C, where the sellers are part of the corporation and the buyers are individuals iii. This would be in a sense like EBAY, the sellers are what make the business grow and the buyers are individuals looking for the best