I.Introduction This part is aimed at examining the work of such companies as Canadian Tire and the Home Report. At first, one should pay close attention to their historical growth and operations. Apart from that, one should explain how these organizations achieved considerable success. On the whole, this information will be necessary for the analysis of these enterprises and identifying their major competitive strengths. II.Background of two companies A)Canadian Tire It should be noted that Canadian Tire is a retailer that sells various products such as car accessories, kitchen appliances, athletic apparel, plumbing tools, drills, and so forth. However, at the beginning, this company sold only tires. This organization was founded in 1922; …show more content…
For instance, this organization can offer paints, plastic sheets, roofing materials, insulation, and other products that can be required for construction or decoration. Thus, they can serve diverse needs of customers. This corporation was founded in 1978 (The Home Depot). Initially, this company was operating only in Atlanta and other cities located in Georgia. Nevertheless, the organization was able to achieve significant growth after becoming a publicly-traded company. This company was able to attract investment, and it opened its stores throughout the United States. The period between 1981 and 2000 was marked by its rapid development, and one can say that the Home Depot became a global company (The Home Depot). Furthermore, the success of this enterprise can be explained by such factors as the continuous development of the supply chain and training of the employees. In particular, these individuals were required to have in-depth knowledge of various products. They could identify the goods that best suited the needs of buyers; as a result, their expertise could be vital for gaining the loyalty of clients (The Home Depot). Among the main executives of this corporation, one can distinguish Bernard Marcus. He was one of the founders; moreover, he was a long-standing CEO. To some degree, his managerial decisions were critical for the sustainable expansion of this enterprise and its improved financial performance. These are some of the key points that can be