Strategic Management and Strategic Competitiveness Essay

 Strategic Management and Strategic Competitiveness Essay

Instructions/Descriptions

 Strategic Management and Strategic Competitiveness Essay

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UsingthecorporationyouchosefromAssignment1.docx

• Using the corporation you chose from Assignment 1: Strategic Management and Strategic Competitiveness, examine the industry in which the entity operates. Use any or all of the following resources to conduct research on the company:
• Company website.
• Public filings from the Securities and Exchange Commission EDGAR database .
• Strayer University’s online databases .
• The Nexis Uni database ,
• Other miscellaneous sources. Note: the company’s annual report will often provide insights that other resources may not include.

Requirements

Write a four- to six-page paper in which you do the following:

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• Choose the two segments of the general environment that would rank highest in their influence on the corporation you chose. Assess how these segments affect the corporation you chose and the industry in which it operates.
• Considering the five forces of competition, choose two forces of competition that you estimate are the most significant for the corporation you chose. Evaluate how well the company has addressed these forces in the recent past.
• With the same two forces in mind, predict what the company might do to improve its ability to address these forces in the near future.
• Assess the external threats affecting this corporation and the opportunities available to the corporation. Give your opinions on how the corporation should deal with the most serious threat and the greatest opportunity. Justify your answer.
• Give your opinion on the corporation’s greatest strengths and most significant weaknesses. Choose the strategy or tactic the corporation should select to take maximum advantage of its strengths, and the strategy or tactic the corporation should select to fix its most significant weakness. Justify your choices.
• Determine the company’s resources, capabilities, and core competencies.
• Go to Basic Search: Strayer University Online Library to locate quality references. Note: Wikipedia and similar websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

• This course requires use of new Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow SWS or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

Week 3 Assignment 1 Introduction Business organization often operate with the sole purpose of making profit. Both private and public companies therefore strive to achieve the goal albeit through various processes. Effective planning coupled with strong organizational culture remain key pillars in the success of organizations.

Through mission and vision, companies often inform their customers as well as employee on their course of actions and objectives that inform of their operations. Through vision and mission, employees are made aware of their goals and target. However, technology and globalization must be taken into consideration.

This study therefore intends to offer a comprehensive analysis of Apple Inc. It will delve into analyzing how the company’s mission and vision have contributed to its success besides explaining the role of technology and globalization in its operations and achievements.

Globalization

Globalization has impacted on different business organizations. Apple Inc. has therefore benefited from globalization in various ways. The most outstanding ways through globalization has impacted on Apple Inc. and its activities are through profit and resource maximization (Cruikshank, 2006).

Through globalization, the company was massively widened its floor of operation thereby acquiring more customers thus increasing its profit margin. Moreover, through globalization, the company has full access to best and quality human resource globally.

Globalization has enabled Apple Inc. to source for workers and skilled personnel from different parts of the world hence increasing its level of innovativeness. Additionally, the company makes more sales from the expanded market prompted by globalization (Cook, 2014). The increased level of innovation enjoyed by the company is as a result of globalization.

Technology

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Technology is regarded as one of the most imperative contributors in the success of organizations. Through technology, small and big business organizations equally benefit from technology. Apple Inc. celebrates various breakthroughs and achievement due to technology. The productivity of the organization has highly been improved through technology.

Employee’s level of productivity as well as the overall productivity of the organization. Moreover, through technology, the rate of service provision has been tremendously improve through technology (Hitt, Ireland & Hoskisson, 2012). Technology has further enabled the corporation to cut on costs on labor as well as employee benefits. Quality of products and services has further been improved through technology. Lastly, technology has positively impacted on employees’ performance.

Industrial Organization Model

Industrial organization model refers to the analysis of influences, operational that donate to a company’s overall approach and product placement. The model involves a conducting a comprehensive study of various elements such as market authority to product diversity and industrial policy (Miles, 2005).

The analyzed factors often influence operations within an organization hence their analysis. Through industrial organization model, Apple Inc. deploys the use of product differentiation to acquire competitive advantage over other players within the industry. Through product differentiate the customers are able to distinguish the company’s products’ from those sold by other organizations in the market hence winning more customers.

Resource-Based Model

Business organizations often operate in an environment full of competition. Companies must therefore operate in a manner that ensures that remains operational. Through resource-based models, business firms must make good use of their resources to acquire competitive advantages over their peers in the market.

Resources owned by the organization are thus a subset that contribute in the development of competitive advantages of organizations. Location and brand are the main unique resources enjoyed by the corporation. The company is located within a cosmopolitan city that serves a large number of customers.

This increases the volume of sales hence giving the company a lot of profits. Quality brand is another essential unique resource owned by the organization. Through strong brand, the company acquires many customers thereby controlling the big share of the market hence a competitive advantage.

Vision

The business is dedicated to providing proper computer services to its customers. Being an essential member of the computer industry, accountability for the consequences connected with the products and services provided. The company is further dedicated in development a surrounding that promotes safe, efficient, and profitable use of computer (Miles, 2005).

Apple Inc.’s vision statement is “We believe that we are on the face of the earth to make great products and that’s not changing” (Hitt, Ireland & Hoskisson, 2012). Through this statement, the company highlights that they are always determined to deliver quality products for its clients.

Through the vision, the company’s workers are informed of their responsibility in providing quality services to the customers. The innovative nature of the company is consequently drawn from its vision thereby ensuring that improvements are made on products and services. Technology is however the main driving point of the vision.

Mission

Effective triangulation and accomplishment in the business sector requires a consistent and well-organized strategic plan as well as elaborate set aims. The business, consequently, wants to network its resources towards increasing the otherwise slender industry or market subdivision (Cook, 2014).

The mission of Apple Inc. has over the years informed of its great success. The company informs the workers of their responsibilities as well as roles in steering the success of the organization. The company’s mission is, “Apple is dedicated to provide the best special computing skills to educators, students, creative professionals and consumers around the world via the innovative software, software as well as Internet offerings to its esteemed customers” (Miles, I. (2005).

Dominance is the single and greatest important core value exhibited through Apple’s mission statement. Through this value, the company strives to ensure that it produces high quality products hence outstanding her competitors (Cruikshank, 2006). No matter the economic and financial challenges, the company is ever committed to provide quality services to its customers.

Provision of meaning computer practice is thus its main target. The company’s mission has therefore played a vital role in introducing a culture of innovation and provision of quality services to the customers. The company’s customers are thus effectively attended.

Stakeholders

The success of an organization highly depend on its stakeholders. Stakeholders play different roles that collectively contribute to the overall progress of the company. Apple Inc.’s stakeholders therefore have different roles to play in the overall success of the company. The main stakeholders in the company are; customers, investors and vendors, employees, the community, and the government (Cruikshank, 2006).

Stakeholders have lawful decision-making privileges hence may regulate project scheduling as well as budgetary issues within an organization. Stakeholders of Apple Inc. the employees and owners of the company often offer education to developers and investors on the best plans and initiatives to invest on.

Investors on the other hand play the role of financing different projects and innovative activities that contribute to the overall success of the organization (Cook, 2014). Other group of stakeholders create the parameters as well as schedules vital in making milestones hence the overall success of the organization.

References

Cook, T. (2014, September 9). Apple reveals the Apple Watch. Fortune. Retrieved from http://fortune.com/video/2014/09/09/apple-reveals-the-apple-watch/

Cruikshank, J. L. (2006). The Apple Way. McGraw-Hill.

Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2012). Strategic management cases: competitiveness and globalization. Cengage Learning.

Miles, I. (2005). Knowledge intensive business services: prospects and policies. foresight, 7(6), 39-63.

 Strategic Management and Strategic Competitiveness Essay

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