Monday, March 4, 2019
Home Depot Case Essay
1. On the rear of Home depots response to environmentalist issues, pull the attributes (power, legitimacy, urgency) of this stakeholder. Using the Reactive Defensive-Accommodative-Proactive Scale in Chapter 2, assess the companys strategy and performance with environmental and employee stakeholders. In 1990 Home Depot began to accomplishment off a basis of environmental principles. People in the company pushed for the company to become more eco-friendly. These principles jockstrap to guide a come in of different programs to help minimize the companys and shoppers wallop on the environment.2. As a publicly traded corporation, how can Home Depot dislodge budgeting so much money for almsgiving? What areas other than the environment, chance relief, affordable housing, and at-risk youth might be appropriate for strategic philanthropy by Home Depot? Home Depot volunteers many hours to help the needy. They bear money and help with disaster relief efforts. They also contribute mo ney to charities to help the less fortunate. Home Depot can justify budgeting so much money because they do not see it as a loss. They believe they are placing money back into the local biotic community and back into the economy. These actions build trust with customers and stakeholders.3. Is Home Depots deferralary strategy of eliminating debt and halting growth a wise one? What would you inspire to the CEO? In 2007, Home Depot foresaw an economic recession coming. This recession made them pull back money from opening new stores. The basis for pulling their money back was to ensure they would be able to reconcile their bills without having to borrow money from the government. I wouldnt recommend the CEO to do anything because I believe they are doing what they can to be economically responsibly for their stakeholders.
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