Div2000.comDiv2000.com Multicultural Business News Print Article  |   Close Window
“Share the Business”
Lasertone’s Vision for Success through Supplier Diversity

June 21, 2004

Lasertone, the nation’s leading woman-owned manufacturer of networked printer supplies, services, and hardware was founded in 1989 by Nancy Connolly, President and CEO. Since then, the company has grown from a two-person, home-based operation to an industry leader with over 70 employees, state-of-the-art manufacturing facility, and national sales and distribution outlets.

Over the past 15 years, Lasertone’s support of workplace diversity has grown steadily because we understand it makes good business sense. Our commitment is reflected in our hiring practices -- 60% of our employees are either minority or women. We celebrate the differences among our employees and benefit from the unique ideas a multi-cultural workforce brings to our business.

Our dedication to diversity extends far beyond our workforce. We also incorporate diversity into our key business objectives and marketplace strategies. That commitment enhances our understanding of the business community and broadens our marketplace -- and that translates into more business

A strong commitment to supplier diversity is a key component of our strategy. We recognize that women and minority-owned businesses contribute enormously to the economy. According to the Center for Women’s Business Research, businesses owned by women or women of color increased 37% from 1997 to 2002, and today number over 1 million. Supporting minority owned businesses adds value to the supply chain and enhances each participant’s competitive position. We believe minority and women-owned businesses must share the business with each other to:

  • Leverage buying power
  • Grow start-ups into thriving small businesses by supporting one another and sharing best practices. 

Our belief in share the business is a core value at Lasertone. Since the inception of our Supplier Diversity Program in 2001, we increased our spend with minority and women-owned suppliers from 5% to more than 10% for the first quarter, 2004, surpassing our goal for 2004.   

By tying diversity-marketing initiatives directly to our strategic business plan, we continue to develop new markets and share ideas and practices with other women and minority-owned businesses. Consequently, our integrated diversity program includes developing strategic alliances with other minority and women-owned businesses. Partnering with other businesses allows us to respond more effectively to competitive bid situations where singly, our businesses may not have the scope to compete and win.

If we share the business we will reap the rewards. Doing business with each other helps us all increase our sales, develop new markets, and enhance our competitive advantage. Our businesses will become stronger, more competitive, and more profitable, if we share the business.

Contact Information:

Cindy Hendelman

Supplier Diversity Manager

Lasertone Corporation

265 Foster Street

Littleton, MA  01460                

800 660-3855

diversity@lasertone.com 

www.lasertone.com

Source: Lasertone Corporation

 

Close Window



DiversityBusiness.com is the online hub for Minority Business. Supplier Diversity Program of DiversityBusiness is the best online centralized upto date tool utilized by all major corporations including OfficeMax, Bellsouth, Master Foods, Deloitte and Waste Management. The heart of this website is its' informative database of Women and Minority Business Enterprises (W/MBE's) and contact's within Fortune 1000 companies. DiversityBusiness.com also facilitates your ability to remain abreast of activities and news that affect W/MBE's and Blue Chip Companies. DiversityBusiness.com is the only e-procurement resource that maintains a national database with up to date information, as well as providing all the data necessary for the expansion of Minority Businesses on a national basis.