Friday, December 27, 2019

Introduction (Summary Of The Case). Lowe’S Companies Is

Introduction (Summary of the Case) Lowe’s Companies is a Fortune 500 American company that operates a chain of retail home improvement and appliance stores in the United States, Canada, and Mexico. Lowes was founded in 1946 in North Wilkesboro, North Carolina the chain has 1,840 stores in the United States, Canada, and Mexico. I work for the Lowe’s located at 1520 E 79th Ave Merrillville, IN 46410. The company’s website is www.lowes.com. Job satisfaction is essential to Lowe’s. Job satisfaction Is the positive attitude towards one’s job (Daft, p. 462). The topic of job satisfaction is important to top management because when organizations keep their workers happy it helps strengthen a company by lowering the turnover rate, increasing†¦show more content†¦They want to feel a sense of pride and accomplishment when they can perform their jobs. When there is a lack of training, the employees do not understand their job functions or what is expected of them. Poor management is creating a negative working environment and effecting employee retention. Poor management skills of the team is causing a disconnect with the employees which results in disengagement from the employees and a lack of motivation. Employee engagement means that people enjoy their jobs and are satisfied with their work conditions, contribute enthusiastically to meeting team and organizational goals and feel a sense of belonging and commitment to the organization (Daft, 2012, p. 552). Employees do not understand what is expected of them because the management team is not effectively communicating expectations. The lack of communication within the store is causing major conflicts between management and employees. The lack of communication is causing the management team to ineffectively communicate directions. According to Daft (p. 565), communication is the process by which information is exchanged and understood by two or more people. The employees are confused about their job assignments or the goal that they are working towards because of poor communication skills from the management team. Innovative Management Idea/Solution Alternate Courses of Action The first solution that I recommend to help reduce theShow MoreRelatedLowes Case Study Essay examples3044 Words   |  13 PagesExecutive Summary This general case study on Lowes will convey the conclusions drawn by our team along with our recommendations on how this company should proceed. As discussed in the introduction (1 A/B) there is one key problem with Lowes and that is the fact that they are not number one. The introduction further outlines some areas of improvement within the Lowes company such as maintaining and improving current success, increasing market share, boosting sales growth and offsetting increasingRead MoreLowes4268 Words   |  18 PagesAccounting/Financial Analysis Of Lowes Inc. 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