An Effective Manager of Home Depot Essay Example for Free

An Effective Manager of Home Depot Essay According to Robbins and Coulter (2005), effective managers all over the world acknowledge the role that strategic management plays in their organization’s performance. Moreover, Drucker (2004) said that the gauge of an effective manager or executive is the ability to get the right things done. This typically entails doing what other individuals have ignored in addition to avoiding what is unproductive. Imagination, intelligence, and knowledge might all be wasted in an executive job without the attained habits of mind that form them into results. I believe that Bob Nardelli is exhibiting these characteristics and management style of an effective manager as he leads Home Depot to become continually successful in its operations. As he triumphed over various problems in managing the company and a s a result oh his managerial strategy, Home Depot is now has now increased sales by 60 percent and earnings per share by 105 percent (Business Week Online, 2006). During his first day as CEO at Home Depot in the year 2000, the company has various problems to deal with, some of which, were as follows: it lacked the necessary infrastructure to send even a companywide electronic mail, Home Depot stores were already run-down and was being known as a store with poor customer service, the stores’ shipments were logged using pencil and clipboard, and Home Depot stores did not have automated inventory systems (Sellers, 2001). Being a visionary leader that he is, Nardelli believed that better processes must lead to better quality ad higher profits for Home Depot. He employed strategic management in planning to improve the company. As asserted by Robbins and Coulter (2005), the prevailing belief in management theory and society on the whole is that managers are completely responsible or accountable for an organization’s success or failure. However, Nardelli demonstrated that aside from the fact that much of an organization’s success or failure is because of external forces outside of the manager’s control, the manager has a big responsibility in making decisions for the success of the organization. A major component of Nardellis far-reaching move to reform Home Depot, which is considered to be the world’s third-largest retailer, into a more centralized company, include importing people, ideas, and platitudes from the military (Business Week Online, 2006). This might be an unwelcome concept in management circles; however, Nardelli couldnt care less. He believes that it is a vital aspect of his strategy to lead in a cumbersome 2,048-store chain and get ready for its next leg of growth (Business Week Online, 2006). In an uncertain and dynamic environment, real world organizations employ strategic decision-making when making decisions offers managers with a comprehensive and systematic means for taking into consideration the external environment, concentrating on an organization’s strength, reducing weaknesses, and recognizing opportunities in which an organization can have a competitive edge (Shafritz Hyde, 2004). As maintained by Holstein (2004), the Nardelli decision-making model might help create a pattern for other CEOs who have been extremely frustrated and disillusioned by their lack of success in harnessing technology. In transforming Home Depot to what it is now, Nardelli increased information technology spending by almost 20 percent (Sellers, 2001). Then in year 2003 Nardelli spent a total of $400 million on inventory shipping and tracking systems (Sellers, 2001). Aside from these, Nardelli also spent around $250 million refurbishing Home Depot stores (Pellet, 2001). This included the installation of self-checkout systems in 800 stores to lessen customer lines and ease up salespeople. This also included the establishment of two-way cordless scanners, which enabled products to be price-scanned in the shopping cart, in this manner shortening lines. Being an effective manager, he also paid attention to motivating the organization’s workers. Armstrong (2002) said that in providing rewards to employees, supervisors and managers should identify what rewards will succeed for specific employees at any given time. Even though supervisors and managers might not be able to have power over certain rewards like benefits or wages, they have the liberty to give out rewards like recognition and praise. In Home Depot, Nardelli instituted innovations in providing rewards and in human resource management. First, he substituted 157 different employee evaluation forms with two (Pellet, 2001). In addition, coworkers, above and beneath them, rated aalaried personnel from the CEO down and salaries were derived from the scores. Then during a period when Home Depot was planning to hire approximately 100,000 new employees, Nardelli did not automatically fire those employees with poor scores (Pellet, 2001). Nardelli first requested for the advice of others and informed underperformers precisely what they were doing wrong. This way, Nardelli showed that it is important for a manager to vigorously seek opposing opinions and inquire regarding the basis for those opinions before selecting a course of action is being stressed, instead of acting on the basis of tacit or pre-arranged agreement. Necessarily, this needs constantly listening with real curiosity so as to promote development of different opinions and supporting rationales, instead of merely setting forth suggestions and working to make agreement around them (Drucker, 2004). Furthermore, Nardelli seemed to follow step two in Peter Drucker’s model (204) that executives require both themselves and their staff or subordinates what they contribute presently to the organization and what they could contribute to the organization in the future. In Home Depot, Nardelli asserted that in spite of whether a person’s belief of what he/she now contributes, or could contribute, equals his/her managers belief, emphasizing and bringing out the importance of everybody’s role as a contributor is necessary to the organizations general effectiveness. In initiating change in Home Depot, Nardelli showed that everybody in the organization makes decisions; nevertheless, decision-making is specifically vital in a manager’s job. I think that he followed what Robbins and Coulter (2005) said that decision-making is part of all four managerial functions – planning, organizing, leading, controlling, and that decision-making is synonymous with managing. Holstein (2004) has written that when Nardelli joined Home Depot, the challenge of improving the company’s supply chain and logistics became apparent because the company is way behind other stores in these areas. Hence, he established a model called â€Å"full truckload to the store,† which means that the more you brought, the more it would oblige you to sell, since you get kind of jammed (Holstein, 2004). In terms of information technology, at Home Depot, Nardelli has established a system of checks and balances (Sellers, 2001). The manner is which Nardelli is managing the technological transformation is attracting attention and interest from other executives and managers. Sellers (2001) said that Nardelli has borrowed from the CE playbook to establish a system of checks and balances on how technology is managed, and Nardelli has likewise incorporated technology decisions deeply into his business strategy in runring and managing Home Depot. Furthermore, Nardelli likewise employed building deeper relationships with fewer vendors. As stated earlier, the Nardelli decision-making model might possibly help create a pattern for other CEOs who have been exceedingly frustrated and disillusioned by their lack of success in utilizing technology. In conclusion, in transforming Home Depot to become the earning company that it is now, I believe that Nardelli demonstrated that leadership is the capability to influence people or groups toward the accomplishment of goals. As a process, Nardelli showed that leadership forms the goals of an organization or group, inspires behavior toward the attainment of those goals, and helps characterize organizational or group culture; hence, it is fundamentally a process of influence. # References Armstrong, M. (2002). Employee Reward (3rd Edition), CIPD: London. Drucker, Peter. â€Å"What Makes an Effective Executive,† Harvard Business Review, Vol. 82, No. 6, June 2004. Holstein, W. (2004). â€Å"The Depot goes digital: how CEO Bob Nardelli is managing a $2 billion technology transformation,† The Chief Executive. Pellet, J. (2001). â€Å"Mr. Fix-It Steps In,† Chief Executive. â€Å"Renovating Home Depot. † (2006). Business Week Online. Robbins, S. , M. Coulter. (2005). Management, (8th ed. ). Prentice Hall. Sellers, P. (2001). â€Å"Exit the Builder, Enter the Repairman: Home Depots Arthur Blank Is Out. New CEO Bob Nardelli Is In. His Job: To Tackle the Companys Renovation after Two Decades of Nonstop Expansion,† Fortune. Shafritz, J. M. A. Hyde. (2004). Classics of Public Administration, 5th ed. Belmont , CA : Wadsworth/Thompson

Essay --

In the 1950s, space exploration represented the epitome of human scientific achievement. However, beginning in the 1970s, long-term goals of space exploration were shelved in favor of smaller projects that kept astronauts closer to Earth. Throughout the years, advocates have pushed for a return to space exploration, noting that valuable discoveries and technological advancements would likely emerge from such a program. In 2011, the United States ended its space shuttle program. While other countries such as China and Russia continue to expand their space programs today, American space exploration has been put to a halt. Many Americans believe that the United States space program requires a huge chunk of government funding. In reality, NASA (National Aeronautics and Space Administration) spending typically comprises of less than one percent of the federal government's budget ("Space Exploration"). Many Americans have called for an end to government-funded space exploration because they feel like the space program does not offer any benefits to the average citizen and that the money would be better spent on Earth-based efforts to improve the nation ("Space Exploration"). What if by traveling to space and exploring the unknown territory, we in fact improve our nation? What if Mars is capable of sustaining life? What if the cure for cancer is lying beneath the surface of a planet? If space exploration remains halted, there might be many questions left unanswered. In 2004, President George W. Bush announced the end of the US space shuttle program in 2010. He planned to replace it with a space program named Constellation, which aimed to return Americans to the moon to do more research and to tap into that body's frozen water for mak... ...chael Lind, an author and policy director at the New America Foundation, said: When the Apollo astronauts landed on the moon, many assumed that this was the first step toward the permanent colonization of the moon and journeys by astronauts to other planets. From today's perspective, though, the space race was like the races to the North Pole and the South Pole. Once explorers had reached those destinations, the world lost interest. Space exploration is something that is extremely important to the future of our nation. Leaving space undiscovered would leave many questions unanswered. The solution to many of our nation's problems could be found in space, but Americans will never know unless space exploration continues to be successful. If the government no longer wants to fund a space program, space exploration should become privatized so that progress can be made. Essay -- In the 1950s, space exploration represented the epitome of human scientific achievement. However, beginning in the 1970s, long-term goals of space exploration were shelved in favor of smaller projects that kept astronauts closer to Earth. Throughout the years, advocates have pushed for a return to space exploration, noting that valuable discoveries and technological advancements would likely emerge from such a program. In 2011, the United States ended its space shuttle program. While other countries such as China and Russia continue to expand their space programs today, American space exploration has been put to a halt. Many Americans believe that the United States space program requires a huge chunk of government funding. In reality, NASA (National Aeronautics and Space Administration) spending typically comprises of less than one percent of the federal government's budget ("Space Exploration"). Many Americans have called for an end to government-funded space exploration because they feel like the space program does not offer any benefits to the average citizen and that the money would be better spent on Earth-based efforts to improve the nation ("Space Exploration"). What if by traveling to space and exploring the unknown territory, we in fact improve our nation? What if Mars is capable of sustaining life? What if the cure for cancer is lying beneath the surface of a planet? If space exploration remains halted, there might be many questions left unanswered. In 2004, President George W. Bush announced the end of the US space shuttle program in 2010. He planned to replace it with a space program named Constellation, which aimed to return Americans to the moon to do more research and to tap into that body's frozen water for mak... ...chael Lind, an author and policy director at the New America Foundation, said: When the Apollo astronauts landed on the moon, many assumed that this was the first step toward the permanent colonization of the moon and journeys by astronauts to other planets. From today's perspective, though, the space race was like the races to the North Pole and the South Pole. Once explorers had reached those destinations, the world lost interest. Space exploration is something that is extremely important to the future of our nation. Leaving space undiscovered would leave many questions unanswered. The solution to many of our nation's problems could be found in space, but Americans will never know unless space exploration continues to be successful. If the government no longer wants to fund a space program, space exploration should become privatized so that progress can be made.

Saturation Sampling

The parameters that underpin quality research especially qualitative research keep changing and so the need for more clarity and transparency. The lucidity and transparency of reports from qualitative research form the basic philosophical foundation upon which the rigor as well as credibility of the qualitative study is evaluated. Qualitative studies are highly anchored on the quality of the reports generated and thus there is increased emphasis on the data collection stage. Given that all reliable targets may not be available to the qualitative researcher, the concept of saturation sampling allows the researcher to survey all the identifiable targets. In other words, saturation sampling helps researchers to overcome problems of lack of intentional sampling frames. For that reason, the researchers will attempt to survey all samples available. In addition, Fontanella et al (2008) add that saturation sampling allows the researcher to take a multifaceted approach in the study by removing the limits to the techniques of data collection, the mode of use, and the type of data collected. This boosts the reliability of the investigation by providing as much information as possible (Fontanella et al 2008). An example of a research study that employed data saturation is found in the ‘Public Understanding of Science- Journal’ titled ‘Ethno-cultural community leaders’ views and perceptions on biobanks and population specific genomic research: a qualitative research study’ by Godard et al (2010). The authors of the article note that due to the large gap existing due to lack of sufficient data on views and perceptions of communities on biobanks, their qualitative study required an in-depth interview of ethno-cultural leaders but the public’s involvement was also important. In the conclusion of the study, the researchers found that leadership and general public must equally be involved in the partnership even if the public is not informed of the significance of the biobanks. In addition, the model allowed the researchers to identify various socio-cultural and ethical issues that impact on the effective performance of biobanks.

How and Why to Comment in Your PHP Code

A comment in PHP code is a line that is not read as part of the program. Its only purpose is to be read by someone who is editing the code. So why use comments? To let others know what youre doing. If you are working with a group of people or plan on anyone else ever using your script, the comments tell the other programmers what you were doing in each step. This makes it much easier for them to work with and to edit your code if needed.To remind yourself what you did. Although you may just be writing a quick script for yourself and dont see the need for comments, go ahead and add them in anyway. Most programmers have experienced coming back to edit their own work a year or two later and having to figure out what they did. Comments can remind you of your thoughts when you wrote the code. There are several ways to add a comment in PHP code. The first is by using // to comment out a line. This one-line comment style only comments to the end of the line or the current code block, whichever comes first. Here is an example: ?php echo hello; //this is a comment echo there; ? If you have a single line comment, another option is to use a # sign. Here is an example of this method: ?php echo hello; #this is a comment echo there; ? If you have a longer, multi-line comment, the best way to comment is with /* and  */ before and after a lengthy comment. You can contain several lines of commenting inside a block. Here is an example: ?php echo hello; /* Using this method you can create a larger block of text and it will all be commented out */ echo there; ? Dont Mix Comments Although you can nest comments within comments in PHP, do so carefully. Not all of them nest equally well. PHP supports C, C and Unix shell-style comments. C style comments end at the first */ they encounter, so dont nest C style comments.   If you are working with PHP and HTML, be aware that HTML comments mean nothing to the PHP parser. They wont work as intended and are likely to execute some function. So, stay away from:   !--Comment--

How Is The Theme Of Suffering Shown Throughout All Three...

How is the theme of suffering shown in all three poems? Chinua Achebe’s sonnet is a story of a defiant mother, in a poorly kept refugee camp loving and caring for her ill son whose death is inevitable. The theme of suffering is prominent across the whole poem. For instance the mother’s son who is suffering in pain and will eventually die, this is shown in the poem when it says, ‘she soon would have to forget’, this statement suggests that her son is dying and that she will soon have to move on. Not only that the mother is suffering due to the fact she herself is starving this shown when there is a sudden ellipsis in the paragraph, the ellipsis is a projection of her own thoughts being interrupted due to the fact that she is suffering from hunger. The mother would also be suffering from distraught and stress due to her circumstances. The villanelle is structured quite freely and flows without interruption. The tone softens as the poem goes on this is to represent the fact that the boy is dying. Soft language is u sed towards the end such as, ‘a ghost smile’ also, ’flowers’ which lay on his somewhat of a grave. I used the word somewhat due to the fact that his grave is describe as, ‘tiny’ which suggests that his grave is not designated to his size. The boy has suffered enough and even in his grave the boy’s body will be suffering due to the lack of space and a proper burial. The villanelle that is War photographer is about a war photographer that seems to care about doing goodShow MoreRelated Exile And Pain In Three Elegiac Poems Essay912 Words   |  4 PagesThere is a great similarity between the three elegiac poems, The Wanderer, The Wife of Lament, and The Seafarer. This similarity is the theme of exile. Exile means separation, or banishment from ones native country, region, or home. During the Anglo Saxon period, exile caused a great amount of pain and grief. 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The Iliad and Greek Heroes - 1500 Words

The Iliad is an epic tale of war and heros within the Greek way of life. A predominant and consistent theme of honor and glory reside throughout the poem. The motivation for any Homeric Greek is glory, or Kleos, that is to be honored and respected among their people. Emphasis is put on living by the heroic code. Honor is essential to the Greeks and life would not be worth living without it. When a warrior or hero is advised to avoid risking their life in battle it almost drives them even further towards the deed. It is better to be killed in action rather than to live and be thought a coward. By our rational standards one would certainly not be thought a coward if they didnt rush into battle to almost†¦show more content†¦In contrast, the Greeks always remember their heros and would respect and honor that warrior for the rest of their lives. A Homeric hero wins glory by performing great deeds, the memory of which will outlive him For instance, an athlete in ancient times would be taken care of and all his basic needs met if he were to win a medal in competition. Hunting was another way for someone to achieve Kleos, however no methods were greater and looked upon with more respect than defeating your enemies in battle. Achilleus felt some shame in letting his good friend Patroclus die in battle while wearing his armor. He refused to eat or drink and deprived his body of any satisfaction until he got a chance to avenge his loyal friends death. He finally did so by risking his own life and taking on Hektor in the great individual battle. Hektor had the chance not to risk orphaning his son, but Hector knew that fighting among the front ranks represents the only means of winning his father great glory, he says. Paris, on the other hand, chooses to spend time with Helen rather than fight in the war; accordingly, Homer and the other characters treat him with less respect and honor. The characters prize so highly the inherited values of honor, noble bravery, and glory that they willingly sacrifice the chance to live a longShow MoreRelatedEssay on The Iliad of Homer and Greek Heroes1495 Words   |  6 Pages The Iliad is an epic tale of war and hero’s within the Greek way of life. A predominant and consistent theme of honor and glory reside throughout the poem. The motivation for any Homeric Greek is glory, or â€Å"Kleos†, that is to be honored and respected among their people. Emphasis is put on living by the heroic code. Honor is essential to the Greeks and life would not be worth living without it. 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Harmonization And Statement Comparability -Myassignmenthelp.Com

Question: Discuss About The Harmonization And Statement Comparability? Answer: Introducation The audit fees included in the operating expenses comprises of service charges for tax compliance services, advisory services linked with accounting standards and crisis management training and cyber security training as these are the additional services provided by the auditors. The wages and salary that is included in the operating expenses of the company includes the salaries drawn by the Chief Executive Officer, General Manager (Sales and Marketing), General Manager (Technical) and Chief Financial Officer which are $255000, $223000, $185000 and $181000 respectively. The members of the staff draw salary in between the range of $121000 to $110000 (as per NZ IAS 27). The income tax that is deducted from the profit before tax leads to the final net profit that is further deducted from the retained earnings (as per NZ IFRS 10). The net profit is added to the retained earnings of the year of 2016 and then the amount of total is arrived at. This is done because this gives the amount of profit that is incurred in a particular financial year including the dividend that has to be paid to different stakeholders of business (as per NZ IFRS 10). The interim dividend and final dividend paid is subtracted from the retained earnings in order to get the final amount of revenue that is really incurred by a company in the financial year (as per NZ IFRS 10). In the statement of changes in equity the share capital in the year of 2017 increases by the amount of $17000. This is because in the year of 2017 new share capital was issued by the company. This also indicates the fact that the company is doing enough profit and its reputation among the investors is increasing which is why more shares are purchased by them. Thus the new increased share capital becomes $157000. Again the net profit is added in the same way as in the year of 2016 for the same reason and the total amount is arrived at (as per NZ IFRS 10). In the balance sheet of the company the total current asset of the company is recorded, that is the assets that are used by the firm in the daily operations of business. In note 10 the accounts receivable is recorded. It is generally a current asset . In note 11 the provision for impairment of trade receivables is recorded as a current asset, as this is a provision that offsets the accounts receivables in the financial the non-current assets are recorded. These assets are non-current in nature that is they are not used in the course of day to day operations of business. The accumulated amortization is recorded under the head of non-current assets and it is always a negative figure, hence subtracted (as per NZ SIC 32). The same goes for accumulated impairment goodwill and it is also a negative figure hence subtracted (as per NZ SIC 32). The inventory or stock in hand has been recorded under non-current assets. The inventory is evaluated either on the base of lower cost or on the basis of net realizable value. At the end of the financial year of 2017, finished goods became 30% and raw material became 25% and the remainder became work in progress (as per NZ SIC 32). The investment at cost is recorded under non-current assets and essentially represents the cost incurred while making investments. At the date of balance the investment at cost of the company was valued at an amount of $8820000. This was done in accordance with the IFRS 9 standards (as per NZ SIC 32). The PP and E represents the property and equipment. In regarding to this it was decided by the directors that land and building with a developed historic cost should be subjected to revaluation as at 30th June, 2017. The Land and Building was revalued separately at $1550000. The current liabilities are incurred or generated in the day to day course of a business thus is current in nature (as per NZ IFRS 10). The GST Liability refers to the liability that is kept aside by the company for the purpose of paying the goods and services tax (as per NZ FRS - 43). The Income Tax payable or the income tax expenses come down to $11260000 which is payable by the company and therefore is recorded under current liabilities (as per NZ FRS - 43) There are two borrowings done by the company. Firstly the company has arranged for a mortgage loan on the basis of land and buildings. Secondly a bank loan has been obtained by the company from the Westpac Bank. The company also can avail the facility of bank overdraft of $100000 (as per NZ FRS - 43).the mortgage is included in the borrowings as mentioned above. The asset revaluation reserve is the reserve that is kept aside for the purpose of reserving the revalued amounts of assets. It is also included in the statement of equity (as per NZ FRS - 43). He issued and paid up capital is the total amount of share capital that is required to distribute among the shareholders. It was decided by the company that a final dividend of 25 cents per share would be paid (as per NZ FRS - 43). The retained earnings in the provided in the trial appears twice. Once in the Equity section ofthe balance sheet and another time in the statement of equity (as per NZ FRS - 43). References Biondi, Y. (2014). Harmonising European public sector accounting standards (EPSAS): issues and perspectives for Europes economy and society. Accounting, Economics and Law, 4(3), 165-178. Brown, P., Preiato, J., Tarca, A. (2014). Measuring country differences in enforcement of accounting standards: An audit and enforcement proxy. Journal of Business Finance Accounting, 41(1-2), 1-52. Cordery, C. J., Simpkins, K. (2016). 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