...Running head: Internal and External Factors Internal and External Factors MGT/230 Apple Inc. Apple is a household name because of the company’s ability to manage the changes of internal and external factors in the market. Internal and external factors influence the functions of management; planning, organizing, leading and controlling. Internal factors include the business’s reputation, their image, how there company is structured and how they operate. External factors are the things beyond control like lending conditions, government regulations and competition. Apple’s internal factors are functions they have control over like planning, and organizing leading. External factors would influence controlling; learning and changing with the market competition and the ever changing market. Internal and external factors specifically influence innovation, diversity, and ethics. Apple remains flexible and universal due to producing consumer needed products, products that are a common need and ethically leading the way as a successful company. Apple Inc. formerly Apple Computer, Inc. was founded by Steve Jobs and Steve Wozniak in 1976. During the first phase of management; the planning process, Steve Jobs and Steve Wozniak designed the Apple I, a handcrafted computer that was sold for $666.66. For more than twenty years Apple Computer was mostly manufacturing personal computers with their own integrated software called the Macintosh, marketed as Mac. The company suffered low...
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...Apple- Internal and External Factors Julietta Parker, Takesha Lee, Doan Clark, Dewey Privett, Brian Green October 08, 2012 MGT/230 Management Theory and Practice James De Clue Apple- Internal and External Factors Apple Inc. is an electronically based Fortune 500 company founded in 1976 by Steven Wozniak and Steven Jobs (Sanford, 2011). It is a corporation that designs, manufactures, and sells iPod, iPhone, iPad, and Mac. Over the years Apple has made drastic strides. A little bit more of an introduction into why Apple and factors covered would have better prepared the reader. Globalization Globalization definitely has evolved into an essential factor for big business organizations to exceed above the competitors. In the 1970’s the creation of an electronic device known to us now as a computer, would have come out of a garage to being a media mogul company that is worth millions. Globalization had a huge impact to Apple’s income. Financial statements display that Apple’s worldwide sales take the lead in technology sales and are ongoing to increase. This shows they have exceptional global management an example of that is, Apple had been attempting to market their products in Korea with the merchandise for many years. Only now are they able to have a product in their market that is acceptable to the MPEG-1 Layer 3 advances. So availability of technology is a factor for consideration for the plan as it allows or limits growth in a region? This allowed them to open...
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...Internal and External Factors D. Rams XMGT/230 8/10/2015 Beverly Williams Internal and External Factors There are four functions of management; planning, organizing, leading and controlling. Planning happens within these functions and helps to deliver strategic value to a business. Organizing builds a dynamic business, and leading helps to mobilize employees. Controlling is a part of learning and changing as a business grows and expands. All four of these functions are necessary and are key factors to having effective management. Internal and external factors influence the decision-making process, which therefore affects management. Competitive landscapes are constantly changing, so managers must consider businesses and people from around the world. Globalization, innovation, technology, diversity, and ethics require comprehensive planning, and are essential in every aspect of management. One such organization is Apple, who uses strategic planning and organizational tools to successfully manage and market technology. Globalization is an external, driving factor that has a major impact on the way managers run businesses. It is the result of a notable increase in cross-border trade, cultural exchange, investments, emergent economies and population growth (New World Encyclopedias, 2008). Globalization affects the four functions of management directly, or directly affects the core competencies...
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...External and Internal Factors External and Internal Factors Business organizations strive to be the best at what they do; however, to be the best, organizations must have good managers who understand how internal and external factors affect business operations and adjust accordingly. Business managers consistently use the four functions of management: planning, organizing, leading, and controlling, but the best managers understand how internal and external factors affect these four functions of management. Globalization, technology, innovation, diversity, and ethics are some of the internal and external factors that can and do influence routine decisions managers must make while planning, organizing, leading, and controlling their respective businesses. Managers also use delegation to manage the different internal and internal factors and the different management functions. Founded in 1976 in a garage behind a house, Apple Inc. through the visionary leadership of Stephen P. Jobs revolutionized the computer industry before his resignation in 1985 in large part because of his inability to respond to internal factors that should have affected his management decisions (Pollack, 1985). Over the next 10 years Apple struggled to maintain market share until Jobs returned and revolutionized the company again by deftly responding to external and internal factors to reinvent the Apple brand and return it to prominence by making products better (Bajarin, 2010). External and Internal...
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...External and Internal Factors Business organizations strive to be the best at what they do; however, to be the best, organizations must have good managers who understand how internal and external factors affect business operations and adjust accordingly. Business managers consistently use the four functions of management: planning, organizing, leading, and controlling, but the best managers understand how internal and external factors affect these four functions of management. Globalization, technology, innovation, diversity, and ethics are some of the internal and external factors that can and do influence routine decisions managers must make while planning, organizing, leading, and controlling their respective businesses. Managers also use delegation to manage the different internal and internal factors and the different management functions. Founded in 1976 in a garage behind a house, Apple Inc. through the visionary leadership of Stephen P. Jobs revolutionized the computer industry before his resignation in 1985 in large part because of his inability to respond to internal factors that should have affected his management decisions (Pollack, 1985). Over the next 10 years Apple struggled to maintain market share until Jobs returned and revolutionized the company again by deftly responding to external and internal factors to reinvent the Apple brand and return it to prominence by making products better (Bajarin, 2010). External and Internal Factors To be competitive, companies...
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...evaluation of a firm’s external and internal environments for detecting early signs of opportunities and threats that may influence current and future plans” (BusinessDictionary.com, 2011). In strategic planning, an environmental scan can help an organization increase understanding of the internal and external environmental factors that are required to reach the long-term goals of the company. This paper’s purpose is recognizing and exploring the external and internal situations of two successful organizations, Apple and Coca Cola. Also, to examine the competitive advantages and strategies used by these organizations, as well as sustaining value in an increasingly competitive market through creative strategic business plans. Another area being explored is the measurement guidelines used to substantiate the strategic effectiveness for these organizations and the effectiveness of these measurement guidelines. Internal and External Environments The whole process can be seen as beneficial knowledge for managers wishing to increase the long-term efficiency and develop strategic plans for the business. An organization’s environment can be broken into two separate divisions. First, the internal environment which is generally compiled of the factors or elements directly involved within the company. This would basically include the managers, employees, stakeholders, and especially the corporate culture of an organization. The external environment includes factors that are out of the...
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...Internal and External Factors MGT/230 Internal and External Factors The four functions of management are planning, organizing, leading and controlling. First, planning helps a company accomplish strategic goals. Second, organizing makes a company or business more productive. Third, leading includes communicating and encouraging employees and getting to know them on an interpersonal level. Fourth, controlling is used to change an organization and help it grow. All four functions are essential to management and can be influenced by internal and external factors. Internal factors consist of culture, employee relation, rules and other things within the business. External factors consist of competitors, customers, and laws outside the company. Globalization, technology, innovation, diversity and ethics are crucial in every part of management. In this paper, I will explain how the four functions and internal and external factors affect Apple. I will also give a concrete example of how the four functions are influenced by globalization, technology, innovation, diversity, and ethics. Globalization is an external factor because it consists of things outside of the business walls. Globalization connects businesses around the world (Dictionary.com). Globalization allows businesses of any kind or size here in the United States to connect with the foreign business. Globalization changes the way managers plan. They now must consider a global market to get the best and cheapest product...
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...External and Internal Environmental Analysis Apple Inc. is a computer product company that was launched into the market through the collaborative efforts of Steve Jobs and Steve Wozniak in the year of 1976 and is aimed at reaching the diverse global community. The changes in the external environment of the company determine the decisions that the corporation will make. Apple Inc. has reputable frameworks that have been developed to assess the external environments of the company. The company has identifies the specific domains that affect the operations of the company from the outside. These forces on the organization enable the operations of the company to be influenced. In a broader sense, the entities that fall outside the operations of the Apple Inc and relate to the company are the external environment. These are the elements that exist outside the company confines and still affect the organization and its operations. The fast expansion of e-commerce in the business realm is one of the major external factors that affect the operations of Apple Inc. The company will hence have internal adjustments of its systems so as to keep up with the changing e-commerce. Apple Inc interacts with its external environment to accomplish it set goals. Apple Inc is aimed at creating value and competition that is sustainable for the company to attain great profit maximization levels. Through the following internal competitive environments, Apple Inc can remain top in the computer market. The...
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...Social Performance of Organizations Apple Inc. is an American multinational corporation headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, online services, and personal computers (www.apple.com). Apple Company was developed on the 1st of April, 1976 by the co-founders named Steve Jobs and Steve Wozniak. The first 30 years of the company was named Apple Computer Inc. but later on January 9, 2007, the word “Computer” has removed (Business Insider, 2013). Apple is a very established and diversified company that offers consumers several choices in electronics that has the capability to simply our daily lives. In my opinion, Apple’s most successful product consists of their mobile devices with internet capabilities that allow you to access your information from any location that offers a wireless firewall (wi-fi). Apple has a unique organizational structure that follows the top-down model which influences accountability within the individual departments that create Apple products. Identifying and evaluating alternative strategies should involve many of the managers and employees who earlier assembled the organizational vision and mission statements, performed the external audit, and conducted the internal audit (Strategic Management Concepts, pg 22). Additionally, all other key players should be invited to attend the meeting to provide additional input to facilitate and recommend steps to improve their...
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...Internal and external affects the four functions of management Sherron Morrison, Jose Garcia, Melton Horne, James Gatson, Marisa Doporto MGT/230 April 30, 2014 Professor Mario Madrid Internal and external affects the four functions of management Introduction How does the human body operate? That is a complex question, because the human body responds differently due to internal and external factors. These same rules apply to management. The factors that affect management are planning, organizing, leading, and controlling. There are many moving parts and all of these pieces must work cohesively together for an organization, or body to exist. Management ensures that each branch is functioning properly or making the necessary changes to increase productivity. Throughout history, many organizations had to adapt to these internal and external factors due to globalization, technology, innovations, diversity, and ethics. An idea starts as a seed and that seed grows into a tree. Just as a tree, the idea branches out as it ages. The same theory applies when it comes to globalization. One would hope that his or her idea would multiply and flourish. To do so, one must properly plan for the proposed growth that they hope to attain. This feat requires organization of the internal resources to ensure stabilization of future growth. Just as the tree grows taller, it also grows wider to support the addition weight. The internal leadership must oversee and forecast the addition...
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...firm’s evaluations of internal and external environments to detect signs of early threats and opportunities that influence planning is Environmental scanning (Deresky, 2010). In order to help an organization understanding internal and external factors of the environment that they are requiring for their long-term goals, strategic planning is of the utmost requirement for them. In this paper, I will recognize and explore the situations of internal and external situations used to make these two organizations successful, Coca Cola and Apple. I will also examine the business plans used by the two companies that give them their competitive advantages and how their individual strategies are used to give them sustainability in the market place and increase their market strength through creative and competitive strategic business plans. The measurement guidelines is another avenue explored and how it is used to support the effectiveness for the individual organizations and the effectiveness of the measurement guidelines. This next process is to demonstrate beneficial knowledge for management that wishes to increase long-term efficiencies and develop strategic planning for current and future business endeavors. Dividing the organizations in 2 divisions; 1) The conditions, entities, events, and factors within an organization that influence its activities and choices, particularly the behavior of the employees.( http://www.businessdictionary.com/definition/internal-environment.html#ixzz2fulNSdhG)...
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...within the company. Apple Corporation, Inc. is a wonderful example of a company that is built on a firm foundation. When a company is up-to-date on their policies, plans, and procedures; that company is one step ahead of their competitors. In business, companies have to be a step ahead of the competition. Four management functions used to handle any situation: planning, organizing, leading, and controlling. Many factors impact these four functions of management and require careful consideration when planning committees are working out the details of their plans for the company Apple has an extraordinary excellence as the only computer business company to exist from the early days in the industry and is still challenging the competition in today's economy. In this paper, the Apple Corporation, Inc. will be discussed and how external and internal factors affect the four functions of management. Globalization, technology, innovation, diversity, and ethics within the Apple, Corporation, Inc. will be discussed in the following paragraphs. External and Internal Factors Planning is such an important aspect of management. Planning is the base upon which areas of management should be built. Many issues come up within a company and a good plan must be in place to deal with arising issues. One internal factor that can affect the plan of a company is conflict between employees. External factors that can change the plans are consumers. When thinking about external factors such as the consumer...
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...Environmental Scan Paper Tyrone Brown MGT/498 April 8 2013 John Gaze Environmental Scan Paper In today’s paper I intend to take an in depth look into two organizations and conduct an environmental scan on both companies. An internal and external scan on the companies will be used in determining what type of competitive advantages each company has in their perspective market. I also intend to look at the different types of strategies each companies use to meet their goals. I also intend to answer how each company sustain the competitive advantage and create value through business strategies. A brief discussion on the measurement guidelines each company follows in order to verify its strategic effectiveness will follow. Finally I will determine how effective the measurement guidelines that each company is using. Environmental Scan The first company I chose to discuss about their internal and external environmental scans is Starbucks. Many people throughout the world are familiar with Starbucks and the types of products they sell. Since their beginning in 1985 Starbucks has only grown as far as the growth of the company and sells. Starbucks offers premium coffee, tasty pastries, high quality coffee beans that consumers can buy to take home to brew themselves. While conducting my environmental scan I first began to look at the gender of the customers coming in to the establishment to purchase their Latte’s, Espressos’, and Danishes. I myself prefer to go without the coffee...
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...Apple Computer, Inc.: Maintaining the Music Business while Introducing iphone and Apple TV Fannie Person Professor Matthew Ademola BUS499- Strategic Management 10/25/2011 Describe the key strategic challenges facing Apple The technology world is a highly competitive industry and two friends Steve Jobs and Stephen Wozniak founded this company in their garage in 1976. Apple has been very successful in building cutting edge products and developing a brand that everyone knows and trusts. Apple is a highly innovative company but, they have had their fair share of highs and lows. A big challenge that Apple has faced is when Steve Jobs and John Sculley began not seeing eye to eye when it came to the direction Apple was going to take. Jobs left shortly after this to start his own business and Microsoft benefited from this. Since Apple was not successful in securing their own product ideas Microsoft was then able to make their own version of a windows system that used GUI technology. “Apple had effectively lost exclusive rights to its interface design”, (Hitt, Ireland, & Hoskisson, 2011). Being in this industry new technology is another big challenge that Apple faces. When Apple introduces a new product there is a craze among consumers that they have to it and it is sold out everywhere. This attracts Apple’s competitors and then they start to try to outdo them by producing similar products and sometimes even at lower...
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...Balochistan University of information techonology engineering and management sciences | Implementing Strategic Management | APPLE Inc. | Rabia Iftikhar 12285 | MBA 5th B | Jun 24, 2013 | | | | | | Ma'am Mehwish Shahid Think Different ACKNOWLEDGEMENTS Praise and thanks to “ALLAH” Almighty, the one testing us all at all times and making decisions about what we don’t know and can’t know. The report being submitted today is a result of collective effort. There are innumerous helping hands behind who have guided us on our way. Writing this report appeared to be a great experience to us. It added a lot to our knowledge. This report is one of our memorable experiences in student life. Though words are inadequate in offering thanks to our teacher but we owe our profound gratitude to Ma’am Mehwish Shahid for stimulating our creative abilities by assigning this project to us and for her able guidance and useful suggestions, which helped us in completing the project in time. Whatever we have learnt from her and this project report has put indelible impression on our minds and it is our conviction that this learning experience will always be a source of help in our practical life and professional career. Finally, yet importantly, we would like to express our heartfelt thanks to our beloved parents, for cooperation, help, kindness...
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