Home Depot History

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Home Depot History The Home Depot Inc, was founded in 1978 by Bernie Marcus, Arthur Blank, Ron Brilland Pat Farrah in Atlanta, Ga. (Roush, “Inside Home Depot”). In that same year, The Home Depot filed articles of incorporation in the state of Delaware (2008 AnnualReport). The owners initially opened two stores on June 21, 1979 in the metro Atlanta area. In 1981, Home Depot went public with a stock offering. In 1989, the company celebrated the opening of its’ 100th store The company began its’ international expansion in 1994 with the acquisition of home improvement stores in Canada. In2001, Home Depot expanded into the Mexican market and in 2006 the company expanded into China by purchasing The Home Way, a twelve store home improvement chain…show more content…
Quality control, employee qualifications and experience, maximum working hours with mandated time off, and various other controls should be paramount in a Health Care organization. This means management must take a strong hand at policy and practices implementation. However, when it comes to some autonomy for mid-level leaders, Nardelli’s style would cause problems. Even in a military hospital, where the type of leadership style Nardelli seemed to admire would be the norm, there is less in the way of controls than what was apparently common at Home Depot. Arbitrarily creating metrics for number of patients seen on specific wards coupled with the amount of supplies utilized and time spent on administrative functions, then using those metrics to determine when personnel needed to be fired (as a parallel to what Nardelli did to measure store’s performance) would lead to changes in the way people treated patients. This is not conducive to a Health Care setting. Most businesses could handle that if they are factory driven, or create a specific product away from the customer. When dealing with people, however, there has to be some flexibility with controls. Nardelli’s style does not lend itself well to a customer service environment overall. Some aspects could be useful, and many controls he implemented including hiring…show more content…
Retreived from:http://money.cnn.com/2007/01/03/news/companies/home_depot/index.htmMcNamara, C. (2007). Management Function of Coordinating / Controlling: Overview of Basic Methods. Retrieved from:http://www.managementhelp.org/cntrllng/cntrllng.htm8 ------------------------------------------------- Problem MCS design that would put home depot back to growth and profitability POV Business consultant for Blake Framework: * Management and leadership style Nardelli * Chosen by co-founders Marcus and Arthur Blank to bring scale and organization to Home Depot No experience in retail Came from GE – a culture of cost cutting and efficiency Emphasis on data & processes rather than people and services Blake * Lawyer by training Not rally-the-troops type Lacked experience but first move as CEO was to seek advice from the founders * Strategy Nardelli * Shifted from retail and expanded into contracting and building supply resulted to improved financial performance Focus on operational efficiencies and savings at the expense of customer satisfaction Dirty stores, rude and fewer employees Made little effort to restore customer

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