Home Depot Swot Analysis Essay

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Recommended: Porters five forces model

It is apparent that Home Depot is not only one of the largest home improvement retail stores, however, it has surpassed it to be the one and only leading home improvement retail stores in Canada. This fact resonates, without any doubt, with the successful attempt adopted by managers and senior leadership team in analyzing the external competitive environment, mainly Porter’s 5 Forces Model. In spite of the economic fluctuations, the bargaining power of customers has been steady, where Home Depot managed to gain the loyalty of its customers in the face of another strong competition such as Lowe’s and Rona. Home Depot also succeeded in maintaining low/moderate costs in order to lessen the move and switch of customers to other competitors. Regardless

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