Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Corporate social responsibility theoretical frameworks
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Corporate Social Responsibility challenges businesses to go beyond the general practices of customer service from a social standpoint. This tool has enhanced many companies into doing what is social right among society. Lowe’s has gained many third-party vendors by being socially responsible in many of the business practice. The framework of corporate social responsibility has engaged society to look further into Lowe’s and hold them responsible for the customer service and the product that they sell. Social media has facilitated a two-way communication with companies paying attention to social media postings and responses. I believe that social media plays more as the devil’s advocate in some social posting. Corporate websites contain …show more content…
information about the product and services from a commercial standpoint. Organizations are given the ability to provide information directly to consumers on social media cites. Companies have consumers more engaged with certain products using the awareness with social media. The virtual world is open to both companies and consumers. Social media as provided a platform for many companies to showcase the great things that are going on with the company. The customers can give a company a bad reputation that could hinder future sales (Adi, Grigore, & Crowther, 2015, p. 39). Social media can destroy a reputation in just a views, comment and shares. Lowes has more than three million fans on Facebook alone. Consumer will generate positive outcomes with the company does well with CSR. The efforts of retaining customers is based on the communication that is given at the time of the sale, install, and the call to ensure that the customer is satisfied with the product. Misbehavior is more easily monitored and widely spread on social media cites. The character of an organizations is defined on social media with today’s society. Many people search the internet for companies and go over reviews and determine where they want to spend money. Social media plays a power part in many consumer’s decisions on what companies they will get product from. The pyramid by Archie B Carroll that is based on CSR prove that these contents are necessary for a company to stay socially acceptable. Philanthropic has had a great impact with Lowes. Lowes has several programs that help with the community throughout the year such as Habitat for Humanity, Educational Foundation, back to school supply drive and over ten other organizations donations are given to regularly. Employees gave more than one million dollars and Lowes did match the fifty percent of monies given (Lowes, 2016). This improves morale, increase staff retention and builds relationships beyond just monetary. Ethical responsibility Lowes takes great pride helping customers love where they live. The challenge has been with the third-party vendors that are so ethical when doing installs. Many customer complain of craftmanship, items taken or not being professional. Ethically Lowes does not want their reputation slandered due to the partnership with another company. Third party companies are held liable and responsible for installations as Lowe’s. Treating everyone equally in the workplace has some ethical challenges. Some third -party vendors do not have the same set of values or morals. Often this is not displayed in when hiring the vendor. Unfortunately, after complaints and bad craftmanship issues come to the forefront and Lowe’s is left with the job of resolving the problems for the customer. Developing a relationship between the customer and the company is very important for retainable and future business.
To have control over CSR it is best to have an open line of communication with the people that are effected by issues. Lowe’s does have a corporate complaint phone number and email address for these types of issues. Sometimes the customer’s reaction can be based off emotions and not primarily facts. Lowe’s still has a responsibility to address the customer in a timely fashion with empathy in order. Many issues come from employees not following up with a customer when it comes to simple needs. This effect the trust that a customer has in the company. Understanding the customer’s business needs is very vital to the company. Assuring that the customer has the service provided as stated in the Lowe’s values can make a huge difference with the customer. The ability to gain a customer’s trust and confidence can gain more moral value and retain a customer (Verman, 2015, p. 57). The customer’s expectations if for Lowe’s installs to get the service right the first time. This includes the timing and error free for the services that was purchased. Reliability plays a major role in corporate social responsibility by maintaining an ethical and legal responsibility within the company (Saghier, 2013). Company growth depends on reliability and trust of the company. According to Matt Buchanan “Customers want the problems resolved and it is not all about monetary. Getting the customer taken care of is our priority”. For most customer’s this is true if there is a minor fix that needs to be made in the home. Many consumers just want what they pay for installed correctly. These are simple fixes that can be resolves easily with employees and vendors having the knowledge about the product and what is needed to satisfy the customer. If not fixed in a timely manner. Due to the phone calls that I have taken to resolve issues many people do want some type
of compensation for their time and pain and suffering. Lowe’s expense account can increase dealing with compensation that is given to the customer. Compensation classes along with customer resolution classes could decrease the amount of compensation given to the customer. Skills can increase performance allowing an employee the ability to determine how to satisfy a customer (Sung & Ashton, 2016, p. 26). Customer service will have some services that do not meet the customer standards. Perception of what the customer expects and the actual product or service could vary depending on many levels. Customers want honesty when purchasing a product, this includes duration, how to clean the product and any flaws. Lowe’s does offer what to except in the contract given to the customer, but, there is something that are missed. The salesman should be held accountable for ensuring the customer has all knowledge of the product and services. Educating employees on how to handle these instances has been proven that this skillset could be a basic training class. Most of the employees that get compensation calls cannot handle the pressure of the customer yelling and stating what they want from the company. Not handling the issues accordingly has created a culture at the Lowe’s Central Production office. Satisfaction influences relative attitude, repurchase, and recommendation to others. Policy and procedures for handling customer can help increase the quality of customer service. High quality of customer service increases profit, cost sharing and market shares. Understanding the nature of the business has increased the goals in the company. Gaps in the process has cause for many consumers to not want association with Lowe’s. There must also be clear definitions of goals, expectations, and deliverables. There must also be clear definitions of goals, expectations, and deliverables. Implementations require that key people throughout the organization create a clear, compelling vision of how the company should operate to satisfy customers, empower employees ("Enterprise resource planning: Implementation procedures and critical success factors," 2003). Knowing the scope of the business by processes can create a clear objective for a positive outcome. These implementations could create a more inviting culture when it comes to processing complaints and speaking about compensation. Tish Dowdy stated that “if there were a clear process Lowe’s could hold employees accountable for not following procedures”. At this very time, there is not any real consequences for how the customer is handled and the outcome of the compensation.
Opening its doors for the first time in 1946, Lowe’s is now the second largest home improvement chain in the world, operating over 1,800 stores in the United States, generating $56.2 billion in sales and $2.6 billion in net income for 2014 (Lowes Newsroom, 2015). Employing around 265,000 personal making them one of the top employers in the nation, there is no question that Lowe’s must be doing something right. According to Lowes Newsroom, “Lowe’s professional customers represent approximately 30 percent of total sales, approximately 16 million retail and professional customers are served each week. (2015, para 3) “Never Stop Improving”, is Lowe’s slogan; encouraging employees and customers to work together to maximize their in store
Their mission: ‘Customer service and community service are core commitments at Lowe's — and they have been for more than 60 years. Being a good neighbor means being committed to improving the places our employees and customers call home. We see that as an investment in our future. We've grown that investment as Lowe's has grown from a small-town hardware store in North Wilkesboro, N.C., to the second-largest home improvement retailer in the world.’
...s, and their customers. Lowe’s makes a difference in all these areas by simply taking the time out to listen to people’s concerns. The bottom line is, like Lowe’s motto says, they are simply Improving Home Improvement.
|Business |The Home Depot, Inc. is the world's largest home improvement retailer. The company incorporated in 1978 in |
Modern Lowe’s began with new store expansion in the United States in 1994. Lowe’s expanded its products offering and enlarged its new stores with larger selling space. At the end of 1996, Lowe’s had more than 400 stores with the sales of $8.6 million. In 1998, the company announced joint venture with Snap-on to sell an exclusive line of professional quality mechanics’ tools, Kobalt brand. They also allowed the commercial consumers to order special items which are not stocked in stores. This partnership was achieved as the new Kobalt tools outperformed other competitor brands from rival retailers such as Husky brand from Home Depot and Craftsman brand from Sears. A year after that, Lowe’s purchased Washington-based, Eagle Hardware & Garden stores which were gradually re-branded as Lowe’s.
Lowe’s should renew its efforts to acquire Rona since opting to enter the Canadian market as a green-field is more costly. By acquiring Rona, an already established company operating 79 big box locations and 700 smaller stores, Lowe’s would avert the costs of producing French ads and signage for Quebec customers, building French website as well as changing its weight metrics and measurement units. This will also give the company a chance to penetrate the Canadian market and strengthen its distribution network and cost-effectiveness and thus boost its operating efficiency. Moreover, gaining a chunk of
The outdoor recreation market is a market that is often overlooked due to recreation being considered a commodity rather than a necessity. However, the market continually grows with more and more people beginning to find the outdoors personally satisfying. Bicycling, camping, fishing, hunting, motorcycling, off-roading, snow sports, trail sports, water sports, and wildlife viewing all constitute outdoor recreation. Consumers spend an estimated $646 billion dollars every year to take part in such outdoor activities and the outdoor recreation market provides the American economy with approximately 6.1 million jobs1. For consumers to partake in outdoor recreation, they need necessary clothing and equipment which fall into
By being a customer oriented company Lowe’s uses the information that is given to them to help build upon their great reputation. To help show that Lowe’s is willing to help others they continue to help with disaster relief not only by donating money and supplies but also help rebuilding. Compared to its rivals I am certain that Lowe’s will be able to carry out its goals and missions. With having one of the best customer service programs in its market Lowe’s does its best to not only help its customers out as a whole but also on an individual level. Lowe’s will continue to grow across the nation to ensure to help you with your every home improvement need.
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
Tractors: From Then to Now “The farm implement industry has profoundly shaped both American agriculture and the national economy. Of all farm implements, the tractor has had the greatest impact on rural life” (Robert C. Williams, qtd. in Olmstead). To understand the history of the John Deere company, one must know its origin, development, and its impact on the farming community.
Corporate Social Responsibility (CSR) is about how companies manage their business processes to produce a positive impact on society. Companies introduce new products in markets, usually after testing concludes that the product is safe for use or consumption. It is nearly impossible for a company to truly know all of the potential risks a brand new product may have, even after thorough testing. However, once a company receives reports that its product may be causing harm to consumers, it is their responsibility to conduct more research and tests to rule-out any possible truth in the reports. This is what a socially responsible company would do, one who is preoccupied not only with their bottom-line, but one that is also worried about its customers.
The corporate social responsibility is a commitment by a business to contribute to economic development while improving the quality of life for employees and their families’ as-well as contributing to the society. Walmart is a well-known company that offers customers the items they want and need at a low cost, with nearly 4,000 stores in the United States. According to the Fortune 500, Walmart was ranked number 1 in 2015. Just like any other superstore Walmart needs to continue the use of social responsibility by recreating a relationship between business and the community especially if they want to dominate the competition in 2016. The use of sustainability, strategic philanthropy, causing market, shared values, stakeholders and global perspective will help readers understand the purpose of social responsibilities in the corporate world.
Service recovery refers to a series of actions in which customer complaints are identified, and immediately resolved. Additional steps may be required, and should be taken if needed to defuse a potentially damaging customer service related issue. The primary focus of the service recovery is claiming responsibility; admit to the customer that you are at fault and apologize to the customer for the problems caused - whether or not you are at fault. It’s natural to want to blame someone for a mistake, but the customer doesn’t care whose mistake it is, it’s the CSRs responsibility to correct the wrong. If further compensation is required, you must do what it takes to assure customer satisfaction. It is the responsibility of the CSR to own the problem, apologize and take the necessary steps to resolve it - preventing further breakdowns in service. Service breakdowns occur when customers are dissatisfied with the service they received.
The arguments for and against corporate social responsibility have captured two points of view. Those who believe that organizations should not be concerned about social responsibility base many of their arguments on the costs involved and whether organizations should shoulder those costs on behalf of society. And those who are in favor feel that organizations benefit from society and, therefore, have an obligation to improve it. Although there is no universal agreement, surveys and other reports express that many organizations are, becoming increasingly active in addressing social
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...