Principles of Management Touchstone 4 Template APPLE INC.ppt.pptx

This is an exercise from sophia milestones

1. Apple Inc Kelvondra Carmichael April 3, 2024

2. Executive Summary Key Recommendations L everaging its strong brand identity and innovative product offerings to maintain market dominance. Seize external opportunities by strategic expansion into new product categories Uphold ethical considerations

3. Organization Background History of the organization Major products and services offered Markets served.

4. Internal Strengths Strong brand that is recognized worldwide Solid financial performance and high profits A high level of customer base and brand loyalty An efficient supply chain management ensuring deliveries are timely

5. Internal Weaknesses Overreliance on sales of iPhone to generate revenue Limited products in large emerging markets such as Africa and India labor practices and environmental impact concerns High-priced products

6. External Opportunities Expansion of product portfolio Penetration into the emerging markets Leveraging AR and AI Collaborating with other industries

7. External Threats Competition from major rivals like Samsung and Google. Global markets and regulatory challenges Changing consumer preferences and trends. Supply chain disruptions due to natural disasters and geopolitical factors.

8. Macro Environment Analysis: PESTEL Political Factors Economic Factors Sociocultural Factors Technological Factors Environmental Factor Legal Factors

9. Micro Industry Analysis: Porter’s Five Forces Threat of New Entrants Threat of Substitutes Supplier Power Buyer Power Industry Rivalry.

10. Generic Strategy Recommendations Continued focus on product differentiation through innovation and design. Emphasis on customer-centricity and personalized experiences. Exploration of cost leadership strategies in certain product segments.

11. Organization Design Recommendations Streamlining decision-making processes to enhance agility. Enhance customer data analytics for tailored experiences. Train service teams for exceptional customer support. Invest in automation; optimize processes for savings.

12. Ethical Considerations Implement environmentally sustainable policies and practices. Contribute to community development and social responsibility initiatives. Commitment to fair labor practices and worker rights.

13. References (1) Apple Inc. (2022). About Apple - Company Overview. Apple. Retrieved from https://www.apple.com/about/ Bajarin, T. (2021, June 2). Understanding Apple’s formula for Success . Forbes. https://www.forbes.com/sites/timbajarin/2021/06/02/understanding-apples-formula- for-success/ Gibbs, T., Heywood, S., Weiss, L., & Jost , G. (2012). Organizing for an emerging world. McKinsey Quarterly, 3 , 81–91. Goksoy , A., Ozsoy , B., & Vayvay , O. (2012). Business process reengineering: Strategic tool for managing organizational change an application in a multinational company. International Journal of Business and Management , 7 (2). https://doi.org/10.5539/ijbm.v7n2p89

14. References (2) Kotler, P., & Keller, K. L. (2016). Marketing management (15th ed.). Upper Saddle River, NJ: Pearson Education Inc. Macher, J., & Mayo, J. (2012). The world of regulatory influence. Meyer, P. (2023, April 29). Apple’s generic strategy & intensive growth strategies . Panmore Institute. https://panmore.com/apple-inc-generic-strategy-intensive-growth- strategies Ruël , H. (2018). International Business Diplomacy: How can multinational corporations deal with Global Challenges? Emerald Publishing. Tracy, B. (2015). Business strategy . American Management Association.