Topic > Byte Products, Inc. - 864

Byte Products is a leading manufacturer of specialized electronic components used in business and engineering computers. With their headquarters located in the Midwest, they are the largest supplier with 32% of the market and an industry leader with annual sales of $265 million and for the last six years sales have increased annually by an average of 12% . Operating at maximum capacity, Byte has three facilities in the United States and all operate three 8-hour shifts, 24 hours a day. Growing demand for computing components has created an immediate need to ramp up production, but Byte lacks the physical space to do so. With competitors entering the market due to high profit margin and consumer demand, Byte fears buyers will go elsewhere if demand isn't available. THESIS…..Strategic alternativesStakeholdersStakeholders are those who have an interest in the business and are directly or indirectly influenced by the success of the company's objectives. In any strategic decision, the interests of one stakeholder group may conflict with those of another. The analysis of the company's relationships with its stakeholders provides conclusions based on how Byte engages in corporate social responsibility. The specific stakeholders focused on are employees, customers, government, suppliers, shareholders, communities and competitors. Employees In relation to corporate social responsibility, Byte Products Inc. employees are directly affected by company operations. As the company expands to meet market demands, Byte employees play a significant role. Without their initiative and drive to succeed, the company would not be able to provide electronic components at a price... of paper......ga solution to maximize demand, apart from the impact of the shutdown of the plant in three years for the Plainville community and stakeholders. Milton Friedman's traditional view of business predicts that a company's responsibility is exclusively to maximize profit. He believes that “there is one and only one social responsibility of businesses: to use their resources and engage in activities designed to increase their profits as long as they remain within the rules of the game, that is, they engage in open and free activities.” competition without deception or fraud” (Wheelan & Hunger, 2012, p. 72). Byte Products, Inc. is an example driven by Friedman's theory because its main priority is to maximize profit by increasing the supply of computer components. Byte is not concerned about the difficulties the Plainville community will face if the temporary facility is left abandoned within three years.