Question

Scenario : Lysol is a brand name of cleaning and disinfecting products distributed by the Reckitt Benckiser Company. The line includes liquid solutions for hard and soft surfaces, air treatment, and hand washing. In the last three months, the demand for Lysol products and similar products has been increased due to Corona virus spreading out all around the world. People are demanding more of the products to sanitize the areas with which they are in close contact and for this reason the price jumped up and aisles of retailers are running out of these products. 

 

Identify the internal & external stakeholders that are affecting in the company?

Considering the Corporate Social Responsibility, explain how Lysol can be socially responsible in this health crisis?

What would be the best interaction of government with the business in this period in which the price of those products has gone up due to the high demand? 

The company has a “make-to-stock” production strategy. Explain the strategy and what needs to be considered?

Answer 1

-internal stakeholders are managers, employees, the board of directors, patients, physicians.

external stakeholders are customers, suppliers, creditors, society, local community, and the govt.

- the maker of lysol disinfectants said it has already obtained a strain of the novel coronavirus, known as SARS- COV-2 from an independent lab and plans to use the strain to test whether its products kill the virus. product must be tested in a regulator approved lab to prove it can be effective against 99.9% of a virus before it can make a virus killing claim on its label or in ads.

the lab, which reckitt declined to name, is in the process of duplicating the virus samples to enable sufficient quantities for testing. the lab can test six products per week, with results of the first batch expected by the end of april.

-a. increase competition among health care providers.

b. let medicare negotiate prescription drug costs for consumers.

c. promote payment rates within global targets

d. use competitive binding for all commodities

e. require exchanges to offer tiered products

f. require full transparency of prices

g. reduce the cost of defensive medicine

- make to stock production strategy is a traditiional production strategy that is used by buusiness to match the inventory with anticipated consumer demand. the MTS method requires an accurate forecast of this demand to detemine how much stock it produces.

It is needed because to manufacture products for stock based on demand forecasts, which can be regarded as push type production. MTS has been rrequired to prevent opportunity loss due to stockout annd minimize excess inventory using accurate forecasts.