However, producers are the leading players in any business, as the core existence of a good or service depends on producers to supply the final product in the market. The items produced and sold anywhere around the world are determined by the mindset and goals of an immense group of creators. Furthermore, it is safe to assume that without suppliers it is tough or maybe even absolutely impossible for a business to run. Therefore, it is believed that in the future, organizations will gain competitive advantage depending on the relationship it has with its producers (Sheth and Sharma, 1997). This report will focus on producers in the business environment, while assessing the role of which they play in the business world today. In the following
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Nevertheless, their only goal is the maximization of profits rather than customer satisfaction. Apple and Samsung are one of the two biggest firms who tend to supply consumers with ongoing products every year (Eichenwald and McCabe, 2014), which puts them in an oligopolistic market due to being the two major suppliers. Each of these companies tend to create something new and introduce it to the consumers. Even though their ideas are expanding and their inventions are more dynamic, prices are still the same. Though, these big firms tend to treat their workers in an unacceptable way giving them wages lower than what they deserve and making them work in bad conditions. Furthermore, Apple has been accused of its unethical working conditions that the workers are striving in. Poor treatment of workers in Chinese factories that make Apple products has been discovered by an undercover BBC Panorama investigation (Bilton, 2014). Additionally, this shows that if a company such as Apple and Samsung are in an oligopolistic market, profit maximization is their only strategy, leading them to not have a corporate social responsibility. This states the fact that organizations that tend to find themselves in a dominant market share, they do not consider producers as a major factor in the business environment, as they are not cautious about the prices of the product due to them being the only suppliers to
Nevertheless, their only goal is the maximization of profits rather than customer satisfaction. Apple and Samsung are one of the two biggest firms who tend to supply consumers with ongoing products every year (Eichenwald and McCabe, 2014), which puts them in an oligopolistic market due to being the two major suppliers. Each of these companies tend to create something new and introduce it to the consumers. Even though their ideas are expanding and their inventions are more dynamic, prices are still the same. Though, these big firms tend to treat their workers in an unacceptable way giving them wages lower than what they deserve and making them work in bad conditions. Furthermore, Apple has been accused of its unethical working conditions that the workers are striving in. Poor treatment of workers in Chinese factories that make Apple products has been discovered by an undercover BBC Panorama investigation (Bilton, 2014). Additionally, this shows that if a company such as Apple and Samsung are in an oligopolistic market, profit maximization is their only strategy, leading them to not have a corporate social responsibility. This states the fact that organizations that tend to find themselves in a dominant market share, they do not consider producers as a major factor in the business environment, as they are not cautious about the prices of the product due to them being the only suppliers to