Home Depot Organizational Structure

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The story behind the largest home center retailer all began in early 1978. Home Depot was formed in 1978 by Arthur Blank and Bernie Marcus along with an investor banker known as Ken Langone and merchandising expert Pat Farrah. They envisioned a chain of home-improvement warehouses, larger than any of their competitors' facilities, filled with a vast array of products and staffed by customer-service experts. Home Depot virtually revolutionized the do-it-yourself home improvement industry in the United States almost overnight. Marcus and Blank opened two stores on June 22, 1979, in Atlanta, which made the city the official home of the Home Depot. In 1981, The Home Depot went public on NASDAQ and moved to the New York Stock Exchange in 1984. Marcus and Blank initiated an aggressive yet …show more content…

Now Home Depot continues to evolve towards leveraging their digital assets to support customers shopping in their stores, and leveraging their stores to support customers shopping through their digital assets. Home Depot’s strategy continues to be rooted in their three-legged stool, which stands for customer service, product authority for home improvement and disciplined capital allocation. Lowe’s second largest home improvement is Home Depot’s largest competitor. Home Depot and Lowes have very similar product offerings and large warehouse formats. In many major markets Lowes and Home Depot stores go head to head for the support of the do-it-yourself customer, however Home Depot clearly comes out ahead. Mission Statement Home depot’s is more directed towards its employees to provide the most exceptional customer service to its customers. Instead a short mission statement, Home Depot has eight corporate values that are designed to guide the actions of its employees at all levels. Home Depot is a value-driven company and has eight core values that are Taking care of our people Giving back to our communities Doing the right

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