...Global Fortune 500 Company Home Depot | Economics for SocietyAyesha MuhammadSeptember 1, 2014 | Global Fortune 500 Company Home Depot | Economics for SocietyAyesha MuhammadSeptember 1, 2014 | Global Fortune 500 Company Home Depot Home Depot is one of the largest home improvement retailer in the world. With stores in the United States, Canada, Mexico and China. Home Depot was founded in 1978 by Arthur Blank and Bernie Marcus, along with investment banker Ken Langone and merchandising guru Pat Farrah. Their vision was to open a store as a one-stop shopping for the do-it-yourself individual. Home Depot opened their first store on June 22, 1979, in Atlanta, Georgia. In 1981 Home Depot went public on NASDAQ and moved the New York Stock Exchange in 1984. Between 1980’s thru 1990’s the company saw tremendous growth, in 1989 the company celebrate their 100th store opening. The company wish to expand their store globally, so they open the first home improvement centers in 1994 in Canada with the acquisition of Aikenhead’s home improvement centers, in 2001 under the acquisition of Total HOME that expand the vision in Mexico, and 2006 the company extended its reach to China by acquiring the The Home Way, a 12 store chain. Their 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. They are committed to being a global...
Words: 2478 - Pages: 10
...Brad Sears Christy Mallory OCTOBER 2011 Economic Motives for Adopting LGBT-Related Workplace Policies Introduction This study evaluates the economic impact of corporate non-discrimination and benefits policies by analyzing the extent to which economic reasons motivate corporations to adopt such policies. The past decade has seen a large increase in the number of corporations adopting LGBT-related workplace policies. In 1999, 72% of Fortune 500 companies included sexual orientation in their non-discrimination policies, and only a handful included gender identity.1 By 2009, 87% of such companies included sexual orientation and 41% included gender identity in their non-discrimination policies.2 Over the same time period, the percentage of Fortune 500 companies offering domestic partner benefits increased from 14% to 59%.3 This study reviews statements issued when adopting such policies by the top 50 Fortune 500 companies and the top 50 federal government contractors. Since companies began to adopt these policies, and state and local governments began to amend their laws to prohibit sexual orientation and gender identity discrimination, arguments have been made that the requirements are costly and burdensome for private businesses. As recently as May 2011, the Tennessee legislature repealed an ordinance passed by the city of Nashville requiring city contractors to include sexual orientation and gender identity in their non-discrimination policies.4 The Tennessee Chamber of...
Words: 4464 - Pages: 18
...revisits the Center’s study of Inc. 500 social media usage for the third consecutive year, making it a valuable and rare longitudinal study of corporate use of these new technologies. (For a complete list and executive summaries see www.umassd.edu/cmr.) The new study compares adoption of social media over the last three years (2007, 2008 and 2009) by the Inc. 500, a list of the fastestgrowing private U.S. companies compiled annually by Inc. magazine. The 2009 Inc. 500 list was released in the September issue of Inc. magazine. In this third iteration, 30 percent (148) of the Inc. 500 participated. The companies include five of the top 10, 12 of the top 25 and 38 of the top 100 companies from the Inc. 500 list. All interviews were conducted with the chief marketing officer or other marketing professional at each company. Questions probed respondents about their familiarity with six prominent social media tools (blogging, podcasting, online video, social networking, message boards and wikis). This included the popular micro blogging service Twitter and other popular social networking sites like Linkedin, Facebook and MySpace. Respondents were also asked about their usage, level of success and their intention to adopt the social media technologies they were not currently using. The latest version of the study also includes new questions on the use of social media tools for recruiting and evaluating employees. marketing research 9 E xecutiv e S umma r y...
Words: 3502 - Pages: 15
...Equal Pay Act and the Family and Medical Leave Act. HR should also encourage these organizational leaders to better understand the legal and safety issues associated with the company. In addition, technology plays a major role in Human resources. There are legal issues associated with email usage as well as internet use and organizational leaders need to be aware of these issues. The Occupational Safety and Health Administration (OSHA) requires employees to keep records of safety practices and incidents. Companies must have records of the information they provide to teach employees of possible health concern and dangers present in the work place. The HR professional should ensure that sexual harassment guidelines, laws and prevention methods are presented and understood by the organizational leaders. The Xerox Company is on the Fortune 500 global document management company that was founded in 1906. It launched an aggressive turnaround plan that returned the company to full-year profitability, along with decreasing debt, increasing cash, and continuing to invest in research and development. It is a company known for increasing profits, however it is also a company also well known for its’ hiring practices. Xerox’s hiring practices improved profitability in several ways. Xerox understood that promoting both women and minorities would be profitable because drawing from a much larger labor pool would in fact help Xerox compete. There hiring practices...
Words: 814 - Pages: 4
...companies in terms of both business and HR level. In organization’s official site, Pfizer advocates that a great amount of its achievements resides on the importance placed on fulfilling its mission and values, as well as on its dedication to hire, retain and inspire its employees by offering the best growth and development opportunities available in the pharma industry within a positive environment. Pfizer’s moto “Every Colleague, Every Country, Every Day” coupled with “Many Paths, One Passion” expresses organizational culture regarding organizational HR strategy aiming to bind its leading business position to each and everyone’s employee’s excellence. However, the changing hiring requirements, knowledge sharing, leadership style in terms of employee motivation, promotion are some of the key challenges need to be addressed by the HR strategy implementation. i. INTRODUCTION An organization’s human capital management culture should value the workforce as the key asset which will define the organization’s business profile, effectiveness and performance capacity (Champion & Hughes, 2001). Good HR strategy and practices aligned with the organizational strategy and objectives may deliver best HR practices as a route to superior organizational performance (Pilgream & Corbridge, 2009). Abramson et al. (2002) argues that human assets constitute the critical factor that will lead either to organizational success or to failure. Current, globalized, unstable economic environment exerts...
Words: 1761 - Pages: 8
...regarded as one of the fasted growing, innovative and best managed businesses in the United States, the collapse of the energy giant highlighted a series of corrupt and criminal activities that were, according to several investigations, rife throughout Enron’s operations. Enron Corporation was formed in 1985 from a merger of Houston Natural Gas and Internorth. Enron held the title of operating the first nationwide network of natural gas pipelines in the United States as a result of the merger. Created on the basis of operating a regulated network for the transport of natural gas, Enron’s operating aim shifted during the early 1990’s to a new central focus. The corporation’s new focus was now in the unregulated energy trading markets of the United States. Until late 2001, nearly all observers- including professional Wall Street analysts- regarded this transformation as an outstanding success. (Jickling 2002, p1) Throughout the 1990’s Enron’s annual revenues grew significantly. In the early 1990’s, Enron’s annual profit was reported to be under $10 billion before ballooning to $101 billion in the lead up to 2000. By autumn of 2000, Enron was starting to crumble under its own weight. (Seabury 2003, p1) Enron’s CEO, Jeffery Skilling, who oversaw the company that only a year earlier had reported a $101 billion profit, resigned in August of 2001. At the end of September 2001, Enron reported its first quarterly loss since the 1990’s. Following this announcement, on December 2 2001,...
Words: 1366 - Pages: 6
...current operating cash flow for 2011 is 13.2 billion and its diluted net earnings (per common share) is $3.92. ("Financial highlights," 2011). According to Yahoo Finance, P&G announced that its board of directors has ratified a 7% hike to its regular quarterly dividend. This is the 56th uninterrupted year for which the company increased its quarterly dividend. (Equity Research, 2012) After comparing P&G to its two top competitors, Johnson & Johnson and Kimberly-Clark Corporation I discovered P&G’s power in this industry. P&G market cap is 183.55 billion while J&J market cap is 174.34 billion and KCC stands at 29.99 billion. (Nasdaq, 2012) Market capitalization represents the public consensus on the value of a company's equity and this is imperative to any company heath and future investors/stakeholders. After reviewing P&G’s various financial statements I learned that the cost of materials and goods...
Words: 1581 - Pages: 7
...The Anatomy of Dell Inc. MGT 534: Anatomy of Work Organizations Dell Incorporated is a Fortune 500 Company that not only manufactures and sells but also provides high quality customer service for their computers and related products. The company is leading the industry in research and development through the analysis of consumer needs, cutting edge solutions, and strategic partnerships. Michael Dell founded this company in 1984 out of his college dorm room on the premise to sell computer systems directly to customers. Dell’s business idea of selling direct was established in order to understand and meet the needs of the customer (Dell & Fredman, 1999). Over the years Dell has kept its business idea in tact through the company’s sales approach and emphasis on customer service. Dell has an evolving business strategy that combines the concept of working directly with the customer through established distribution channels in an effort to reach consumers around the world. Today the mission of Dell is to fully integrate environmental awareness into the business of providing quality products, service, and customer experience at the best value (Holzner, 2006). They are not only trying to keep environmental awareness at the forefront of business practices but they are also looking to help enhance the lives of people around the world. Aspects of Dell that set the foundation for its growing success include their structure, culture, and management...
Words: 3471 - Pages: 14
...refreshing consumers with more than 500 sparkling and still brands” (Coca-Cola Journey, 2013). Currently, as of 2013 when it was last reported, Coca Cola is ranked as 57th on the Fortune 500 List where they were previously ranked at 59th on the list (CNN Money, 2014). They created a 2020 Vision that helps to guide them to greatness by continuing to shape their business by the changing of the world. Their main mission, as a company is to refresh the world, inspire moments of optimism and happiness, and create value and make a difference (Coca-Cola Journey, n.d.). They accomplish these by following their vision and sustaining growth and empowerment. Culture of Coca Cola Company The organizational culture of Coca Cola revolves around their uniqueness. Their culture is built upon the uniqueness of the products in terms of the taste, how they build a better world, how they innovate new ideas into the company for consumers, how they brand their products, how they add value to their entire company, and how they integrate culture into the workplace. The company’s structure is made up of other regions of the world including, Latin America, Eurasia and Africa, Europe, and the Pacific (Coca-Cola Journey, 2012). Just recently this year, Coca Cola changed up the structure a bit to better suit the North American market, in which took effect, January 1st (Coca-Cola Journey, 2013). The artifacts of the company are much apparent to how the culture works within itself....
Words: 2029 - Pages: 9
...Ethics and Business Success Overview Ethics are the principles of right and wrong that are accepted by an individual, a social group, or society as a whole. When it comes to professional ethics, we take into consideration our personal values, family background, culture, education, and religion or philosophy before making important decisions. These factors provide the framework from which we base our decisions and justify our actions. Unfortunately not everything in life is so cut and dry, there often exist many gray areas that can lead to ethical dilemmas, since what one person thinks is the right course of action might not always appeal to everyone else’s ethical sensibilities. For many the words “business” and “ethics” form an oxymoron. We are frequently inundated with reports of ethical misconduct in the business world—misappropriated finances, inflated earnings, labor misconduct, and environmental recklessness are just a few of the many egregious acts to which we have become familiar. In this reading, we will explore the importance of business ethics and closely study how it relates to corporate success. We will take a look at several stellar examples of companies that regularly exhibit high ethical standards. While you read, consider how your personal ethics come into play when you make business and personal decisions that affect others. Codes of Conduct The first step towards implementing ethical business practices is to clarify what types of behaviors a company...
Words: 2750 - Pages: 11
...refreshing consumers with more than 500 sparkling and still brands” (Coca-Cola Journey, 2013). Currently, as of 2013 when it was last reported, Coca Cola is ranked as 57th on the Fortune 500 List where they were previously ranked at 59th on the list (CNN Money, 2014). They created a 2020 Vision that helps to guide them to greatness by continuing to shape their business by the changing of the world. Their main mission, as a company is to refresh the world, inspire moments of optimism and happiness, and create value and make a difference (Coca-Cola Journey, n.d.). They accomplish these by following their vision and sustaining growth and empowerment. Culture of Coca Cola Company The organizational culture of Coca Cola revolves around their uniqueness. Their culture is built upon the uniqueness of the products in terms of the taste, how they build a better world, how they innovate new ideas into the company for consumers, how they brand their products, how they add value to their entire company, and how they integrate culture into the workplace. The company’s structure is made up of other regions of the world including, Latin America, Eurasia and Africa, Europe, and the Pacific (Coca-Cola Journey, 2012). Just recently this year, Coca Cola changed up the structure a bit to better suit the North American market, in which took effect, January 1st (Coca-Cola Journey, 2013). The artifacts of the company are much apparent to how the culture works within itself....
Words: 2029 - Pages: 9
...programs needed. When the grant funding came to a halt in 1972, the group of statisticians agreed to chip in $5,000 apiece each year to keep the project running. The analytical software was licensed by pharmaceutical companies, insurance companies, banks, and also by the academic community that had given birth to the project ("SAS Company Stats," n.d.). With a growing customer base that already numbered close to 100 academic, government and corporate entities, it was evident that success as an independent operation was possible. Goodnight, Sall and two other facility members decided to leave NCSU and develop SAS Institute Inc. - – a private company "devoted to the maintenance and further development of statistical analysis systems." The Company’s mission is to deliver solutions that drive innovation and improve performance ("SAS Company Stats," n.d.). II. Organizational Strengths and Weaknesses A. First organizational Strength SAS Institute offers analytical software in over 24 industries from Automotive to Utilities. They have over 350 enterprise solutions, products, insights and trends. SAS software is installed at more than 75,000 business, government and university sites ("SAS Company Stats," n.d.). The company also has customers in over 141 countries and nearly 14,000 employees worldwide....
Words: 1965 - Pages: 8
...Nike Fortune 500 Company Analysis Park University MG495 Abstract This paper will discuss the successful, multi-national, athletic, and Fortune 500 company, Nike. Nike is one of the most recognized companies today and has created products and an image that companies all around the world dream to achieve. Through a straight forward mission statement that encompasses their vision, Nike is able to show how devoted they are to satisfying their customers' needs and going beyond that to ensure their customers only receive quality products and services. Nike’s extensive history, dating back to the 1950’s only adds to its impressive reputation in the athletics industry. It’s properly researched, developed and managed marketing strategy has given Nike the advantage over its competitors and has helped to ensure the company will lasts for years to come. The company was founded on the premise that it wanted to be the industry leader and develop products to help athletes perform at the highest standards. From the very begging Nike has done everything to achieve and maintain that balance and it still is the industry leader today. Nike History Bill Bowerman was a track coach for Oregon in the 1950’s. He was always seeking new ways to get a competitive advantage amongst his competitors. He tried everything from experimenting with running surface compounds, hydration, nutrition, and just about anything else you could think of to gain an advantage. He tried pitching it to all of the...
Words: 2858 - Pages: 12
...Organizing Paper MGT/230 January 21, 2013 Mark Hardee Organizing Paper The Ford Motor Company is an organization that is a Fortune 500 company and a staple of the American auto industry ever since the company was formed in 1903. Like any company that has many different functions of management there are also organizational resources that relate to how those functions come together and help ensure the success of a company. Monetary assets, human resources, and technology are some of the organizational resources that I will explain in the following paragraphs. Monetary assets are important to every company and Ford is no different. When Ford establishes their goals and the strategies associated with the different functions of management, funds will then be set aside for resources and labor that will ensure that the tasks and goals that were introduced can be achieved. When the money is spent, there are financial statements that change to show the reflection of what was spent. Analyzing these statements is the common method to monitor the progress of the plans and the progress that was set into motion by the management. The organization of monetary assets is one of the most important aspects of any company. It becomes a crucial part of planning in the function of management that Ford has the best people in position to make sure a proper system is set to maintain the high standards necessary for a successful company. Effective bookkeeping allows reports to be viewed by the...
Words: 1001 - Pages: 5
...Money, Wal-Mart Stores Inc., is a Fortune 500 and has topping the list for many years. It is the largest retail company Wal-Mart is a worldwide corporation with stores in all U.S. states and in 15 other countries (The New York Times, 2013). The company started with one small store in Arkansas and has since blown up into the biggest-earning corporation in the world. It has the most employees of any non-government company in the world. It has made its reputation and built its customer base on the basis of low prices (Business Insider, 2012). Wal-Mart is a huge, successful corporation that can serve as a useful case study for anyone who wants to build a successful business. There are a variety of factors that have impacted Wal-Mart’s international success. In order to properly understand this success, it is useful to perform a competitive analysis that looks at the firm's successes and weaknesses globally. Mexico Market Adapting to cultural differences in countries like Mexico has opened up a very prosperous international venture for Wal-Mart. Wal-Mart hired locals to manage their stores, let manager’s control the merchandise strategy, made sure that the merchandise they carried reflected the local surroundings, and built smaller stores in local neighborhoods to accommodate the majority of consumers who did not possess vehicles. Today Wal-Mart de Mexico controls over 60 percent of the market. Wal-Mart in Mexico has adopted much of the company's main business model but differs...
Words: 1801 - Pages: 8
