Home Depot Value Wheel Management Essay Research Paper

The Home Depot Wheel
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The Home Depot Wheel
Home Depot has grown to become the largest home-oriented retail chain since its founding on February 6, 1978. Leadership has played a large part and contributed to this success. Whether it is CEO Bob Nardelli or the current CEO Craig Menear, the leaders have always maintained the same commitment to the company's values and mission. The organization has been consistent in its efforts to provide seamless and interconnected shopping experiences for consumers. It leverages its stores' convenience to blend physical and technological experiences, promoting innovation in its products and delivery options. This essay analyzes leadership, different styles of management, and its effects using Home Deport as the case point.
Leadership theories are a school of thoughts conjured up to explain how and why certain individuals become leaders. In the Home Depot, leadership has been a crucial factor for the organization's success locally and globally. Contingency leadership theory best explains how Home Depot has been able to withstand the test of time to become the largest home improvement retailer in the United States. This theory supposes that their leadership style must suit a particular situation for a leader to be successful. The contingency aspect of the theory acknowledges that an individual can be effective in one circumstance but ineffective in another CITATION Ind20 \l 1033 (Indeed, 2020). A leader must be quick to examine different situations and what challenges each of them poses to maximize the possibility of productivity. It will require leaders to possess traits such as self-awareness, objectivity, and adaptability. Consequently, a leader will know when to delegate tasks and responsibilities to other entities that are much more capable of dealing with the situations at hand.
Modern workplaces present leaders with numerous factors that can affect their effectiveness. They include the size of teams, the scope of a project, individuals' personalities, and expected deadlines. Leaders are unique in their styles of management. Therefore, they will respond to such variables differently. For example, James, a project manager, believes communication to be the most important aspect of leadership. Therefore, his leadership style relies heavily on communication through writing. James sends his team encouraging and thoughtful emails regularly. However, recently there has been a new addition to the team, and the employee is less responsive to written communication. James feels the need to change his communication method to connect with the new employee. As such, he makes an effort to reach out to the employee in person and explain the roles and expectations of joining the team. Likewise, James would have found it fit to delegate this responsibility to the assistant manager that is more qualifies on reaching out to employees on a personal level.
The ability to influence others characterizes the qualities of a good leader. Influence is the individuals' ability to change or affect other people's actions, behavior patterns, opinions, and thoughts. Conflict, defeat, and success give rise to the need for an influential and powerful...