On the basis of Home Depot’s response to environmental issues, describe the attr

Question

On the basis of Home Depot’s response to environmental issues, describe the attributes of this stakeholder. Assess the company’s strategy and performance with environmental and employee stakeholders.

As a publicly traded corporation, how can Home Depot justify budgeting so much oney for philanthropy? What areas other than the environment, disaster relief, and affordable housing might be appropriate for strategic philanthropy by Home Depot?

How does Home Depot’s desire to be passionate about customer service relate to their social responsibility?

Explanation / Answer

Hi,

Thanks for the question.

Answer 1)

Home Depot is one company which is very much into social responsibility. Their founders are also aligned with the fact that enironment should be protected. They have launched various campaigns for the same:

All the stakeholders are equaally involved in the saving of environment from the unatural sources and are totally dediacted to it.

Answer 2)

Philantrophy is not about protecting the environment only, but also creating empathy and brand image in the minds of the customers. This in turn will increase their sales revenue as they increase their customer base.

They could also venture into woman emmpowerment. With their hold on the government and other policies, they can definitely help the females there.

Answer 3)

with the minimal amount of rework, and top quality product, they ensure an extremely high level of customer service. Since there are few defects in the products, the rework is minimal and hence no need for the exttra wood and human efforts. This is how they will be serving for the environment.

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