Home Depot Swot Analysis

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The reason of this paper is to apply a SWOT analysis as a tool for successful planning. Companies have to set some kind of a goals, in which describe and support their cause for being in business. Having successful plans is away to reach all your goals in a successful business. Strategic business plans are really knowledgeable guesses about what the future could hold. Selflessness must be made for what companies’ strengths and weaknesses they own on the inside along with the environmental opportunities and threats that company will deal with. By seeing the whole picture will allow manages to create a plan to improve a company’s chances to succeed. Strategic planning will also enlarge a manager’s view of their overall company. In the text book …show more content…
When creating the SWOT analysis, I learned that the Home Depot’s strengths are its brand its programs and its employees. The school has gone to great lengths to design courses that challenge students and f name, the wide range of products they offer and the customer services that is offered, along with employee training, and the capability for their customers to buying products at a small or low price. Knowing that Home Depot is one of the leading retailer in home improvement products in services tells us that has a strong brand name in which is automatically recognized by the community. Home Depot has a big impact with its customers’ decision making when it comes to deciding where to go and do any restorations. Customers can trust, and know what they are buying when they go into this company, they will be able to provide high quality products and services since they are at home with this kind of company. They are aware of their surroundings and know where things are …show more content…
This states that Home Depot’s competitors can offer the same products and services, which can also attract customers away from Home Depot. Their name is what carries them strong only because it is their brand name of Home Depot, if Lowe’s offers the same products and services and customers feel that they can get a better bargain with Lowe’s, then they will be more inclined to go to the competitor. In which this with cause a decrease in Home Depot’s buyer base, which will affect their customer’s loyalty and its
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