Home Depot's Functional Strategies

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Home Depot’s improvements are been seen from stock prices to better customer experience through new technologies (www.forbes.com, 2015). The company’s stock increased by 175% and introduced FIRST phones, a mobile in-store technology (www.forbes.com, 2015). Therefore, the strategic plan is for this device is to increase customer interaction for information on products and checking its availability (www.forbes.com, 2015). Also, Home Depot put together another strategy which made same day shipping on customers that order online before 5 p.m. (www.forbes.com, 2015). However, Finance and Information Systems can’t be the only strategy focus for the company. It must consider all entities to ensure that all functional strategies are working together. …show more content…

The company is increasing productivity by hiring 80,000 workers (www.forbes.com, 2016). However, the Research and Development are performing in a maturity stage by searching for ways to become more efficient in processes (Parnell, 2014). Home Depot is awaiting the Supreme Court to finalize their decision to decrease card payment swipes from $0.24 to $0.21 per transaction (www.forbes.com, 2016). This strategy will increase growth and the competitive edge for the company (www.forbes.com,

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