Home Depot Business Level Strategy Analysis

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Description

Write a 1,050-word minimum strategic evaluation in which you include the following:

  • Evaluate potential business level strategies for the organization.
  • Assess potential corporate level strategies for the organization.
  • Assess potential global strategies for the organization.
  • Recommend a strategy or combination of strategies the organization should implement, and include a rationale for that recommendation.

Format your paper consistent with APA guidelines.

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Explanation & Answer

Attached.

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Running head: STRATEGIC EVALUATION

Part 3: Strategic Evaluation
Student's name
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STRATEGIC EVALUATION
Part 3: Strategic Evaluation
Business-level strategy
Home Depot's business-level strategy focuses on value provided to customers and
assisting the company in gaining a competitive advantage. The organization's business strategy
relies on product authority, customer service, and capital allocation as the three primary pillars. It
also focuses on enhancing efficiency and productivity. In this perspective, the business ensures
the growth of its market by engaging in the manufacture of innovative items such as machines
charged with lithium-ion batteries (ADS, 2015). Through such innovative products, Home Depot
provides affordable and timesaving commodities to customers, thus improving its business
operations.
Moreover, the organization concentrates on its pro clients through the pro segment. The
success of the program is evident through the heightened sales that exceed its primary do it
yourself (DIY) segment since it concentrates on supporting pro customers expand their business.
Home Depot also participates in integrated retail by connecting its offline and online channels.
Although offline channels form the most significant business platform, the company attains a
considerable amount of revenue from its online store as it provides a convenient ordering
platform (Trefis, 2017). Additionally, the organization participates in market development
through acquisitions as a way of entering into new markets or expanding its market share.
In this viewpoint, the acquisition of other companies allows Home Depot to create a more
extensive market presence and supports broad differentiation. Similarly, to promote the growth
of its business, the organization engages in the provision of discounts and special offers as a way
of market penetration. On the other hand, the organization participates in cost leadership and

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STRATEGIC EVALUATION...


Anonymous
Just what I was looking for! Super helpful.

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