Home Depot Global Business Plan
When opening a Home Depot in a country in which there has never been a Home Depot before, the corporation must consider many things before moving forward with the project. With a company as large as Home Depot, it is imperative that the company evaluate the human resource management and cultural factors, supply chain management, research and development, information technology, and legal and ethical considerations. Moreover, Home Depot needs to evaluate the politics, economic, finance, social, health, environmental, cultural and terrorism of the host country and risks that would affect to the organization. All the topics are critical to the success of the new opening.
Home Depot is the largest home improvement retailer in the U.S., Canada and Mexico. The company entered Canada in 1994 and Mexico in 2001 through a combination of acquisitions and organic growth. They also operate 12 stores in six cities in China as a result of an acquisition made in December 2006. The global expansion demonstrates how The Home Depot combines its vast knowledge of the home improvement industry with the needs, shopping trends and customs of each unique geography to best serve customers (homedepot.com, 2008).
Home Depot Australia is exactly what this country’s Do-it-yourselfer needs. With over 2700 stores in three countries, Home Depot Australia will carry largest amount of merchandise at the best prices because it will use all of Home Depot’s corporate buyers and suppliers. The plan would be to eventually open over 75 stores all in the different sizes to meet the needs of the different regions of this country.
Mission Statement
Home Depot’s business is very simple—we help people improve the places where we live and work. Our business is also ...