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Please extend the post from Management risk (culture)-Home Depot by providing additional information (e.g. additional sources that support the author's idea, additional data) or adding
Please extend the post from Management risk (culture)-Home Depot by providing additional information (e.g. additional sources that support the author's idea, additional data) or adding an appropriate explanation to support the author's points. Cite reference used. I'll provide my example of a responce but come up with a different response.
Posted by Ben Management risk (culture)-Home Depot Home Depot is the largest home improvement retailer in the United States with their headquarters located in Cobb County, Georgia. In 2006, China was in the middle of a housing market growth spurt, when Home Depot decided to dip their toes into China's DIY market. They opened 12 storesjust to realize that the Chinese didn't really do home improvements like Americans did for a hobby, A matter a fact developing countries look at DIY home improvements as a sign of poverty. In 2012, Home Depot had closed all their doors in China and had taken a $160 million dollar tax hit from the US in the process I feel like Home Depot jumped the gun on going international so quickly, they should have taken their time and research their customers before spending all that money. htios:l/wwwtrmextoom/resources/blog/seven-epic-failsbybusinessesthattried-exnanding; into-forelgn-markets/ My example Hi Ben, Really good example! As | research a little more, the Home Depot Considers Entering China In the early 20005, Home Depot faced both a major business opportunity and significant challenges as it considered potential strategies for expanding into the rapidly expanding Chinese market. There are many reasons why companies from around the globe are looking to China as a signicant growth opportunity Many mature retail markets have become quite saturated with retail stores and formats, with a good deal of competition centered on batttes for market share rather than absolute growth, Even companies such as Walmart, McDonald's, and The Home Depot, which have created tremendous growth within their domestic roots have found the China market to be extremely attractive. In one sense, China is hardly "new" to economic growth and development. httDs:/ldigitalcommons.kennesaw.edu/CQi/viewoontent.0ui?article=3669&context=facpubsStep by Step Solution
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