Lowe S Home Improvement Strategic And O
Lowe's Home Improvement Strategic and Operational Plan
This paper highlights the creation of Lowe’s Home Improvement strategic plans utilizing the SWOT analysis that are in alignment with the Lowe’s mission and vision statements. The strategic plan which is define as “plans cover a large span of time that is several years or decades” (Gabrielle Brown, 2014), that covers plans that are in general manner that pertains to nonspecific and less-detailed format. On the other hand, an operational plan usually covers one year and provides very fine details on how the tasks are done daily (Gabrielle Brown, 2014).
Lowe’s Home Improvement Strategic Plan Overview …show more content…
Our Vision and Values. (n.d.). Retrieved from Lowes.com: http://www.lowes.com/cd_Our+Vision+and+Values+Exceptional+Customer+Service_671793447_
Skariachan, D. (2012, April 03). Lowe's lays out plan to boost sales, eyes acquisitions. Retrieved October 13, 2014, from Reuters: http://www.reuters.com/article/2012/04/03/us-lowes-idUSBRE8320VQ20120403
Stephen Robbins, M. C. (2010). Management.
SWOT Analysis Lowe's Companies Inc. (n.d.). Retrieved from Virginia's: https://sites.google.com/a/email.vccs.edu/bus100015bsp13rec/swot
Organizational Planning Worksheet
1. Fortune 500 Company name
Lowe’s Home Improvement
2. The company’s internal and external stakeholders
The Business Owners primary concern is the welfare and wellbeing of the company and also the need to gain profit and wanting to earn more in the process.
Shareholders needs may include the company’s growth and expansion; on the other hand its wants may indicate increase on shares and yields.
Managers one of the needs of managers would be having a good benefit and the wants would be to gain stocks, bonuses and retirement.
The Suppliers / Vendors needs would be increase on product sales and the wants may include being able to be received faster in terms of product delivery and shipment
Employee’s one particular need of an employee would be having a good and safe place to