BUSINESS STRATEGY
Apple Case Study
MQP-Business[Group 1]
Chinedu Madubuike (Murphy)
Siyan Zhu (Laceiz)
Yucheng Li (Levy)
Hongrui Xu( Carey)
CONTENT
LO1. 4
INTRODUCTION 4
HISTORY 4
MISSION AND VISION 5
DEFINITION OF STRATEGY AND STRATEGY PLANNING CONCEPTS 6
APPLE CURRENT STRATEGY 7
LONG/ MEDIUM TERMS GOALS 8
PRODUCT LIFE CYCLEProduct Life Cycle 9
LO2. 10
PESTEL ANALYSIS 10
SWOT ANALYSIS 17
ANSOFF MATRIX ANALYSIS 21
ANAYLIZING APPLE INC WITH PORTER'S FIVE FORCE 24
BOSTON MATRIX 33
LO3. 38
STAKEHOLDER NEEDS 38
STRATEGY OPTIONS THAT APPLE COULD CONSIDER 41
LO4. 47
COMPARE THE ROLES AND RESPONSIBILITIES FOR STRATEGY IMPLEMENTATION 47
EVALUATE RESOURCE REQUIREMENT TO IMPLEMENT A NEW STRATEGY FOR A GIVEN ORGANIZATION. 51
DISCUSS TARGETS AND TIMECALES FOR ACHIEVEMENT IN A GIVEN ORGANIZATION TO MONITOR A GIVEN STRATEGY 54
REFERENCE 56 Reflection……………………………………………………………………..61
LO1.
INTRODUCTION
Apple Company Inc., is a multifunctional company for specializes on the production of consumer electronics, computer software and personal computers, they also produce hardware such as OSX and IOS operating systems, most of the apple products are known all over the world and gadgets such as I Phone smart phone, IPod music player, personal computers, IPod tablet computers, it was founded by Steve Wozniak and Steve Jobs and Pound Wayne at the year April 1st 1976 and was incorporated on January 3, 1977.
HISTORY
With the development of history, apple also developed then changed the world. Apple started the personal computer revolution with the AppleⅡ in the 1970s and made computers even more easy to use in the 1980s with the Macintosh. Then Apple created a low barrier to entry by creating software that is usable and intuitive so users can begin without reading the manual. Few years later, the I Mac and I Book allowed customers to get online within 15 minutes of opening the box and set a new standard for Internet access that is still the envy of the industry. In recent years, Apple popularized technology, like FireWire for high-speed data access and Wi-Fi for wireless Internet access, making data move faster and without the clutter of wires. Nowadays, I phone revolutionized mobile phones and I Chat AV made it easy to videoconference with family and colleagues across the globe.
MISSION AND VISION
Mission statement
A Mission Statement is defined as an announcement of what your business does today and why it exists.
Apple’s mission statement is that Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings.
In additional, Apple had a classical and traditional mission statement: “To make a contribution to the world by making tools for the mind that advance humankind.”
Vision statement
A Vision Statement takes into account the current status of the organization, and serves to point the direction of where the organization wishes to go.
Apple’s vision statement is that to become the “best” at designing and manufacturing electronic devices in the world.
DEFINITION OF STRATEGY AND STRATEGY PLANNING CONCEPTS
Strategy is perspective, position, plan, and pattern. It is the bridge between policy or high-order goals on the one hand and tactics or concrete actions on the other. In the strategy model, the top management defines medium and long‐term goals and activities of a company in order to persist on the market.
The process of making business strategy is described as strategic planning and management. A strategy planning includes mission; vision; values; grand strategic objectives; specific organization; benchmarks, metrics, targets, goals within those plans; functional area strategic plans; action plan; implementation; monitoring and adjustment of plan implementation.
APPLE CURRENT STRATEGY
Apple Company’s strategy is formulating a business plan to help it achieve a
What is strategy? At the most basic definition, strategy is defined as "a plan of action designed to achieve a long term or overall aim" (Oxfor Dictionaries definitions: Strategy, 2013) . But in the context of the business environment, strategy is a very important tool used by all successful entities in almost every facet of their operation. We will look at an in depth definition of what strategy means in a business context. To understand this is to understand the business environment, and the…
Business Strategies -Home Depot and Lowe's dominate the market. Volume discounts allow large companies to offer extremely competitive prices. Home Depot In the 1990’s, Home Depot followed a differentiation business model. It focused on distinguishing itself from the competitors with knowledgeable, helpful employees, brand-name products, and a unique customer experience (Brown, 2007). As the home improvement retailing industry matured and became less fragmented, Home Depot recognized the need…
Systems Strategy Triangle a. Relates the business strategy with the IS strategy and the organizational strategy b. Purposely design the organization and there IS strategies to complement their business strategy c. Business, IS, and organizational strategies must be adjusted constantly d. Alignment – the situation in which a company’s current and emerging business strategy is enabled, supported, and unconstrained by technology i. Higher states are synchronization and convergence 3. Strategy – coordinated…
Diversification Strategy OUTLINE • • • • • • Introduction: The Basic Issues The Trend over Time Motives for Diversification - Growth and risk spreading - Diversification and Shareholder Value: Porter’s Three Essential Tests. Competitive Advantage from Diversification Diversification and Performance: Empirical Evidence Relatedness in Diversification Objectives • Define corporate strategy, describe some of the reasons why firms diversify, identify and describe different types…
BUS6A2 - BUSINESS STRATEGY Fall Term Academic Year 2012/2013 Module Outline Booklet Module Leader: Mikko I Arevuo BA in International Business European Business School London Faculty of Business and Management, Regent’s College, London Module Code: Bus6A2 Module Name: Business Strategy – Managing and Thinking Strategically in a Rapidly Changing International Environment Academic Level: 3 Credit Value: 20 RC/10 ECTS Status: Core Formal student hours: Contact: 48 hours Self-directed…
Running Head: FACEBOOK Business strategy for Facebook Table of Contents Executive Summary 3 Introduction 5 External analysis (Industry analysis) and internal analysis 5 Strengths of company 5 Weaknesses of Company 6 Opportunities of company 7 Threats of Company 7 Problem Statement 8 Criteria for evaluating Strategic alternatives 9 Three strategic alternatives and evaluation 10 Expand the global user community 10 Build engaging mobile practices. 11 Advance ad products…
Task 1.a Business organisations often try to acquire their customer’s interest and activity from their competitors. To compete with others they have to find out which financial commitment needed to make, which services or products needed to pursuit, which HRM implication needed, which organizational structure need to be adopted in terms of their internal strengths and weakness. This analysis is known as business strategy. According to Johnson et al (2004) business strategy is the path and opportunity…
Frank’s Enterprises for Express Foods, Inc. Small Business Management – BU-3000 Marie Kight March 3, 2013 Executive Summary Frank’s Enterprises for Express Foods, Inc. is a small food service company that was open in 1997 in California. Frank’s specialized in fast food for company owned portable carts in high density urban office locations. The board of director approved for them to borrow $1 million dollars from three different banks in order to improve and expand their marketing…
HND in Business and Finance Unit Name: Business Strategy – 7 Assessors: Egya Gyamfi Student: Sulaiman Adebakin Introduction In this part of the assignment I will be defining and explaining mission, vision, objective, goals & core competencies, I will also be distinguishing the difference between each point and the role they play in the operation of a business, I will be reviewing the issues involved in strategic planning and explain the different planning techniques. 1…