Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank. Along with investment banker Ken Langone and merchandising guru Pat Farrah. These three visionary had their sight on a one-stop shopping for the do-it yourselfer. They opened there first two Home Depot on June 22, 1979 in Atlanta Georgia. Home Depot is known as the largest home improvement specialty retailer and the 9th largest retailer in the world. Let’s define what leadership is and what it means to be a leader? Every business owner and CEO desire excellent leaders, it makes their job much easier, when you have that element in place. Leadership is defined as act or instance of leading; guidance; direction (dictionary.com). Unfortunately, leadership does not …show more content…
Now that I have define what a leader/leadership is, let’s talk about Home Depot’s leadership. The question at hand is what type of leadership exist within Home Depot? Does Home Depot have a transformational, transactional or is it done by a committee/team leadership approach? The leadership roles within Home Depot varies. The company is dedicated to serve their customers and providing an excellent shopping experience. In order to maintain this experience Home Depot has in place a team of committed leaders, that believe in the company values. One thing that is at their forefront is their commitment to great customers service with this in mind, they believe it create value for all stakeholders. Home Depot is built on the principle of creating value for our stockholders while never forgetting our values. We seek to be profitable, responsible and balance the needs of our communities. Throughout our company, our associate are challenged with …show more content…
There eight core values still stands as a elements of their success today. I personally feel that Home Depot would not have stood the test of time if they did not have transformational leaders like Marcus, Blank, Blake and now Menear to motivate the company to achieve their highest level of performance. Many leaders are competent but few qualify as remarkable as those individual. Home Depot is a highly diverse business that is highly committed and decided to its customers. The leadership at Home Depot started with the inverted pyramid, customer and store associated at top and senior level management at the bottom. Their philosophy is “whatever-it takes” and delegates the frontline managers to lead “it is your business, your division, your market, your stores, your aisle and your customers (Home Depot 2009).” Finally , transformational leaders by definition seek to transform. Sometime when a organization does not transform it’s, employees become unhappy and leaders will
According to Hills, Jones, & Shilling (2014), A SWOT analysis is used to create, affirm, or fine-tune a company’s business model. In this chapter, Publix’s strength, weaknesses, opportunity, and threats will be examined and explored to pinpoint which area of the company needs to be strengthened or improved. Taking into consideration will be the four managerial functions leading, controlling, planning and organizing. Following an explorations or Porters five forces and Macro-Environmental forces as they apply to Publix.
Since the company was founded as a corner store, the company’s business plan has always emphasized on expect more, pay less brand promise that sets it apart from its chief rival, Walmart. Although, Walmart is known for its low prices and offers a large selection to its customers; it’s customer service is often found to be nonexistent. This
Lisa Cash Hanson said, "Leadership is the ability to guide others without force into a direction or decision that leaves them still feeling empowered and accomplished. " Hanson continues to remind me of the selfless nature that great leaders continue to practice. To me, leadership is not a title or destination. Leadership isn't about remembrance or fame, it's about the impact, inspiration, and the influence you have on others.
To me, leadership mean being responsible and someone who can manage time really well. A leader can walk their followers to the right path of success. Someone who is in control because of their personality of trustworthiness and always deliberative from the world which is unpredictable. I currently exhibit leadership while working on any project for my college or high school classes. I take the role of a leader and always work diligently enough to get good compliments from peers and instructors.
Evaluate two to four (2-4) weaknesses that are evident in the selected organization’s product life cycle. Generate a new product design and product selection, and then determine three (3) strategies that the organization needs to strengthen the operation. Product Life Cycle (PLC) is known as the stages in its lifetime that a product goes through, where the demand changes over time. [Rei132.
TRANSFORMATIONAL LEADERSHIP Transformational Leadership is defined as leadership style focused on effecting revolutionary change in organizations through a commitment to the organization’s vision. (Sullivan & Decker, 2001) Transformational leaders are usually given higher position and are known for their charismatic sense and ability to develop high visions and regards in the work they do. They often give their best performances due to the low morale or self esteem Example: Steve Job, Bill Gates and Ratan Tata. As the existentialist rightly said, we always have a choice, in doing what we already have done or doing that which we have never done.
The leadership behaviors at CVS reflects the aforementioned leadership philosophy. In an interview with leaders at CVS headed by Merlo motivates their employees to accomplish more than what is usually expected of them. According to Northouse (2013), the transformational leader plays a vital role in initiating change, where followers and leaders are inextricably bound together in the transformation process (Northouse, 2013). In the case of CVS, this is clearly evident by what Scott Baker, CVS Senior Vice President has to say : “nobody works in solos, we collaborate on concepts and ideas with the goal of providing our customers with best-in-class service and high quality merchandise” (CVS, 2015). CVS’ encouragement of open communication
Leadership is the ability of one to organize or lead a group of people. A leader should be respectful, a leader is bound to know what goal is attempted to be reached. My favorite leadership quote is by Chris Hadfield, “Ultimately, leadership is not about glorious crowning acts. It 's about keeping yourself and people around you focused on a goal and motivated to do the best to achieve goals in life, especially when the stakes are high and the consequences matter greatly. It is about laying the groundwork for others ' success, and finally standing back and letting them shine.”
Each store designed as a warehouse, stocking a large amount of supplies. In 2006 The home depot builded the first fuel center. The first Home Depot Fuel was located in Brentwood, Tennessee. They also build four more stores across the country.
Lowe 's Company Inc was originated in North Carolina in 1946. Carl Buchanan, proprietor of Lowe 's Co can be accredited for the Lowe’s evolution. Lowe 's evolved from a small hardware store to the 2nd largest home improvement retailer worldwide (History, n.d). In addition, Lowe 's is an international company with multiple stores located in U.S, Canada and Mexico. The organization 's extensive product collection comprises of appliance, hardware, building supplies, plumbing and more.
Leadership is can mean different things to different people. To me, leadership is more than having a title and subordinates. Leadership is having the courage to make the right choices, engage others in a vision, and empower your subordinates with a shared purpose and to achieve positive impacts. Leadership can also be relational which means it takes teamwork, requires you to be able to work with others in various backgrounds and that may have difference perspectives. Leadership also requires continuous learning, discerned decision making, and savvy communication skills.
Our text states, “transformational leader is one who influences, inspires, mobilizes, and transforms followers to achieve
There are many different views and perceptions on leadership and what it exactly means. This is because there are many different types of leaders and many different views on them. But the basic meaning of leadership is an individual who can select the right group of followers and influence them through their distinct gifts, abilities, skills and knowledge. A leader focuses on the follower and puts out a roadmap to the overall mission and vision; hereby the follower is influenced to willingly and enthusiastically in achieving the mission and vision. The leader achieves this influence by humbly delivering a visionary perception of the future in clear terms that resonates with the follower in terms of their believes and values.
Introduction Leadership is the art of empowering people around you to achieve a goal. As a leader I want to help others become leaders themselves. I firmly believe that by leading based on my values this will be accomplished. I have had many leadership influences throughout my career. Some of them showed me the way I wanted to someday lead and others showed me exactly how not to.
Leadership: Definition Leadership is the process of influencing the motive of the employees and so directing, guiding them to the proper completion of the short-term goals and the mission, vision of the firm. Leadership referring to achieve a specific set of goals of the business enterprise by minimizing risk and more advantage of opportunities is also called Entrepreneurial Leadership (Rao, 2015). Today leadership is such an iterative process when the leaders should have a variety of qualities and expertise in different area of management. Here, different theories will be explained which can clearly identify the scope, the responsibilities and the area of expertise required to be successful leader.