Strategic Audit
Scott Randall
MGMT 479
24 April 2011
Synopsis:
Home Depot is a multinational company with over 2,000 interjects located crossways the United States, Canada, Puerto Rico, Mexico and Argentina. The company was founded in Atlanta, Georgia, by three men, Bernard Marcus, Arthur unoccupied and Kenneth G. Langone and went on to become the worlds largest home returns store and second largest retailer after Wal-Mart. (Wheelen, 20-2) By 1980, there were four Home Depot stores candid in mixed parts of Atlanta with total annual sales of $22.3 million. short after, Home Depot expanded further south and opened 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 formula 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 doubling from $1.10 in 2000 to $2.72 in 2005.
After co-founder Arthur Blank retired as President 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 Performance
* 2005Sales of $81.5 billion increased 11.5% from $73.1billion in 2004 (Wheelen, 20-27)
* Total assets on January 29, 2006 was $44.482 billion (Wheelen, 20-30)
* subject its 2,000 store in 2005 (Wheelen, 20-1)
* Employed over 345,000 associates in 2005 (Wheelen, 20-1)
* naturalised 16 import distribution centers in the U.S. and Canada (Wheelen, 20-20)
B. Strategic Posture
1. mission: A new mission statement was...If you want to fail a full essay, order it on our website: Orderessay
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