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  • Casual Articles - Stock Research – Home Depot Rocks Investors With CEO Resignation – Can Corporate Culture Survive

    How to Easily Make at Least 300% More Money With Your Business Without Finding a New Customer
    Without question, the most overlooked, under-valued and under-utilized asset in practically every business is its customer base.The fact of the matter is that most businesses only look at each customer they acquire as being worth a single purchase. They simply fail to realize that the easiest money they'll ever make is selling additional products, upgrades and services to their existing customers.Customers that already trust them, like them and will gladly buy from them again without the need for expensive incentives, bonuses, marketing/selling skill or otherwise effort of any kind.Folks, almost ALL of your expense in business is acquiring new customers. So why in the world would you only sell to them one time!?This is called the backend profit model - which is
    principles and values that Home Depot was built on were cast aside in favor of an imperial CEO style. General Electric is the finest run company of its kind in the world, but its style is not appropriate for an entrepreneurial based company like the Home Depot. GE is known for working people all types of hours including all nighters and weekends.

    Read any of former GE CEO Jack Welch’s books and he will tell you about how fighting for the CEO slot were the worst years of his life. It was pure politics. It was this atmosphere that Nardelli brought to Home Depot. Nardelli blew up the customer service excellence that Home Depot was known for, by killin

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    Our stock research has come up with an interesting play. As you know, Home Depot through its Board of Directors forced the resignation of General Electric trained CEO, Robert Nardelli, who had only been with Home Depot a couple of years. Somehow, Nardelli managed to get the Board to give him a $200 million severance package, which has Home Depot shareholders up in arms. How did a long-time General Electric guy like Nardelli screw up so bad that he was forced to resign, and not because he didn’t deliver the numbers? Our stock research we believe has provided the answer.

    Many CEO’s have what is called the cult of personality. They make the corporation about them. Sumner Redstone of Viacom is like this, as was Harold Geneen of ITT in the 1960’s. Certainly Charles Revson, creator of Revlon was this way also. Nobody expected Nardelli to be the imperial CEO that he became very quickly once he was given the reins to Home Depot.

    There’s an expression that people like to use. It’s called, “If it ain’t broke, don’t fix it” concept. Nardelli violated this cardinal rule of management. He came in, basically said I know how to run things, imposed his will, and then blew it. In the end, he may have blown much more than his own career. Our stock research shows that this company may need much more than Nardelli’s resignation, to effectuate the change that is now needed to reestablish Home Depot as the undisputed heavyweight champion of home improvement.

    You might be aware that Lowe’s is breathing down Home Depot’s back as we speak. Wall Street loves Lowe’s, and for the moment dislikes Home Depot big time. Why is Home Depot in trouble? It’s because our work shows that Nardelli may have wiped out much of the original corporate culture that founders Bernie Marcus, and Arthur Blank instilled in the corporation over a 20-year run.

    Home Depot is one of the truly great success stories of late 20th century corporate America. It is a classic roll-up (home improvement) of a multi-billion dollar fragmented industry. It was also a vertical roll-up. Prior to Home Depot, you went to one store for plumbing, another for paint supplies, and another for lumber. HD was the first mega store that carried it all.

    What you have to keep in mind is that Home Depot was founded on a number of ethical principles, and values. As verbalized by founder Bernie Marcus, they included:

    • Superb Customer Service
    • Taking Care of the Employees
    • Galvanizing, Recognizing, and Promoting Entrepreneurial Spirit
    • Respecting all People
    • Doing the Right Thing

    When Bob Nardelli walked in the door, these principles and values that Home Depot was built on were cast aside in favor of an imperial CEO style. General Electric is the finest run company of its kind in the world, but its style is not appropriate for an entrepreneurial based company like the Home Depot. GE is known for working people all types of hours including all nighters and weekends.

    Read any of former GE CEO Jack Welch’s books and he will tell you about how fighting for the CEO slot were the worst years of his life. It was pure politics. It was this atmosphere that Nardelli brought to Home Depot. Nardelli blew up the customer service excellence that Home Depot was known for, by killin

    Goals Are Necessary (Part 19)
    Well everybody this series is quickly coming to an end. There are only a couple of submissions left. I encourage everyone to go ahead and use these. Practice them. I use all of these in many ways. I use them for my writing, my affiliate marketing and most importantly for everyday life. Go ahead and get your friends and families to read them as well. Go ahead and print them out. I still may take all these excerpts and make them into an e book that I could easily charge for but for now it’s absolutely free so enjoy.91. Are Budgets ImportantYou absolutely are damn straight that a budget is important. How can you go ahead with your business if you don’t know what your costs are going to be? So many people jump in to their businesses and don’t have a clue as to what it’
    about them. Sumner Redstone of Viacom is like this, as was Harold Geneen of ITT in the 1960’s. Certainly Charles Revson, creator of Revlon was this way also. Nobody expected Nardelli to be the imperial CEO that he became very quickly once he was given the reins to Home Depot.

    There’s an expression that people like to use. It’s called, “If it ain’t broke, don’t fix it” concept. Nardelli violated this cardinal rule of management. He came in, basically said I know how to run things, imposed his will, and then blew it. In the end, he may have blown much more than his own career. Our stock research shows that this company may need much more than Nardelli’s resignation, to effectuate the change that is now needed to reestablish Home Depot as the undisputed heavyweight champion of home improvement.

    You might be aware that Lowe’s is breathing down Home Depot’s back as we speak. Wall Street loves Lowe’s, and for the moment dislikes Home Depot big time. Why is Home Depot in trouble? It’s because our work shows that Nardelli may have wiped out much of the original corporate culture that founders Bernie Marcus, and Arthur Blank instilled in the corporation over a 20-year run.

    Home Depot is one of the truly great success stories of late 20th century corporate America. It is a classic roll-up (home improvement) of a multi-billion dollar fragmented industry. It was also a vertical roll-up. Prior to Home Depot, you went to one store for plumbing, another for paint supplies, and another for lumber. HD was the first mega store that carried it all.

    What you have to keep in mind is that Home Depot was founded on a number of ethical principles, and values. As verbalized by founder Bernie Marcus, they included:

    • Superb Customer Service
    • Taking Care of the Employees
    • Galvanizing, Recognizing, and Promoting Entrepreneurial Spirit
    • Respecting all People
    • Doing the Right Thing

    When Bob Nardelli walked in the door, these principles and values that Home Depot was built on were cast aside in favor of an imperial CEO style. General Electric is the finest run company of its kind in the world, but its style is not appropriate for an entrepreneurial based company like the Home Depot. GE is known for working people all types of hours including all nighters and weekends.

    Read any of former GE CEO Jack Welch’s books and he will tell you about how fighting for the CEO slot were the worst years of his life. It was pure politics. It was this atmosphere that Nardelli brought to Home Depot. Nardelli blew up the customer service excellence that Home Depot was known for, by killin

    Business Groups - Make the Most of Your Membership
    Business groups provide excellent marketing and networking opportunities. There are many different ones to join. What you need to do is make sure you join the right business group for you and your needs, and then you need to be an active member of the business group.There is usually more than one business group in your area. You don't want to spend all your time going to different business group meetings so you need to choose carefully. When you are looking for a group to join one rule is almost always universal:The bigger they are the better they are. Big business groups will pull more active members out to networking events. Generally the more people that are in the room, the better the odds are that you are going to connect with the right kind of person who could be
    i’s resignation, to effectuate the change that is now needed to reestablish Home Depot as the undisputed heavyweight champion of home improvement.

    You might be aware that Lowe’s is breathing down Home Depot’s back as we speak. Wall Street loves Lowe’s, and for the moment dislikes Home Depot big time. Why is Home Depot in trouble? It’s because our work shows that Nardelli may have wiped out much of the original corporate culture that founders Bernie Marcus, and Arthur Blank instilled in the corporation over a 20-year run.

    Home Depot is one of the truly great success stories of late 20th century corporate America. It is a classic roll-up (home improvement) of a multi-billion dollar fragmented industry. It was also a vertical roll-up. Prior to Home Depot, you went to one store for plumbing, another for paint supplies, and another for lumber. HD was the first mega store that carried it all.

    What you have to keep in mind is that Home Depot was founded on a number of ethical principles, and values. As verbalized by founder Bernie Marcus, they included:

    • Superb Customer Service
    • Taking Care of the Employees
    • Galvanizing, Recognizing, and Promoting Entrepreneurial Spirit
    • Respecting all People
    • Doing the Right Thing

    When Bob Nardelli walked in the door, these principles and values that Home Depot was built on were cast aside in favor of an imperial CEO style. General Electric is the finest run company of its kind in the world, but its style is not appropriate for an entrepreneurial based company like the Home Depot. GE is known for working people all types of hours including all nighters and weekends.

    Read any of former GE CEO Jack Welch’s books and he will tell you about how fighting for the CEO slot were the worst years of his life. It was pure politics. It was this atmosphere that Nardelli brought to Home Depot. Nardelli blew up the customer service excellence that Home Depot was known for, by killin

    Elements of a Successful Payment Page
    In an interview with Jonathan Hedvat, President of FashionJobsCentral.com, Hedvat stressed the importance of a well designed payment page.“The payment page is where your customers pay. It is just as important as your homepage or any landing pages you might have. I see the same mistakes on different payment pages all the time. When designing the page, I think most people tend to forget that the goal of the page is for the user to pay.”K.I.S.S. Keep it Simple Stupid. You have already sold an item to all the people on this page, now let them pay! There’s no need for fancy graphics or animations, leave those on the selling page. You don’t want to sell your customer again, because that would be giving them more reasons to not pay. Any change in color themes, fonts, t
    mprovement) of a multi-billion dollar fragmented industry. It was also a vertical roll-up. Prior to Home Depot, you went to one store for plumbing, another for paint supplies, and another for lumber. HD was the first mega store that carried it all.

    What you have to keep in mind is that Home Depot was founded on a number of ethical principles, and values. As verbalized by founder Bernie Marcus, they included:

    • Superb Customer Service
    • Taking Care of the Employees
    • Galvanizing, Recognizing, and Promoting Entrepreneurial Spirit
    • Respecting all People
    • Doing the Right Thing

    When Bob Nardelli walked in the door, these principles and values that Home Depot was built on were cast aside in favor of an imperial CEO style. General Electric is the finest run company of its kind in the world, but its style is not appropriate for an entrepreneurial based company like the Home Depot. GE is known for working people all types of hours including all nighters and weekends.

    Read any of former GE CEO Jack Welch’s books and he will tell you about how fighting for the CEO slot were the worst years of his life. It was pure politics. It was this atmosphere that Nardelli brought to Home Depot. Nardelli blew up the customer service excellence that Home Depot was known for, by killin

    Market Your Book
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    principles and values that Home Depot was built on were cast aside in favor of an imperial CEO style. General Electric is the finest run company of its kind in the world, but its style is not appropriate for an entrepreneurial based company like the Home Depot. GE is known for working people all types of hours including all nighters and weekends.

    Read any of former GE CEO Jack Welch’s books and he will tell you about how fighting for the CEO slot were the worst years of his life. It was pure politics. It was this atmosphere that Nardelli brought to Home Depot. Nardelli blew up the customer service excellence that Home Depot was known for, by killing the handoff rule. This procedure allowed every Home Depot customer to be brought directly to the store location where the merchandise he was seeking was shelved.

    Nardelli injured the entrepreneurial spirit of the store managers by forcing them to comply with the GE management style template. As for taking care of the employees, it starts from the top. The imperial CEO systematically went about replacing as many of the key people in the company as he could with his own General Electric alumni.

    The GE alumni are now in Charge at Home Depot

    Our problem as a premiere Internet financial advisory firm is that the General Electric style of management which works work if your end user is another company, fails miserably when the end user is a consumer. At Home Depot the consumer was king, and treated appropriately. The employees, known as associates were treated great, because they were the intermediaries to the consumer. Give the employee a bad attitude and the customer picks up on it immediately.

    I saw it today in a Home Depot store in Norwalk, Connecticut. We visit several stores each week to gauge for ourselves what is going on. The associate couldn’t be bothered by the customer, and it was obvious. Now if this continues, Lowe’s will eat Home Depot for lunch.

    Nardelli gone – What’s the Problem?

    The problem is the culture has been changed. The senior management of Home Depot is now a group of General Electric trained executives. All of whom have joined the company in the last five years. They are still there. The Board of Directors has handed the CEO and Chairman slots to Frank Blake who joined the company five years ago in 2002 from where? You guessed it – he spent the bulk of his career at General Electric. Oh yes, he served as deputy secretary for the U.S. Department of Energy. What does any of this have to do with dealing with a guy who wants to buy a paintbrush and a gallon of paint? The answer is very little to nothing. New CEO Blake has a law degree from Columbia, and was a law clerk to Supreme Court Justice Stevens. He’s a good guy in the wrong slot with the wrong background.

    When we looked at the biographies of the rest of the senior management team, we noticed they too were basically all General Electric former executives brought in by Nardelli. These are people who spent the bulk of their careers at General Electric which means their corporate culture is the GE culture, not the Home Depot culture based on satisfying the customer.

    At Home Depot, the customer ALWAYS CAME FIRST. Walk into a store now, and you don’t get that feeling. The stores are in wo

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