...Business Environment – Apple Inc. Erin Kelly Management/MGT 521 April 29, 2012 Walter Goodwyn Business Environment – Apple Inc. Researching a company’s business environment will provide large amounts of data that could be used by investors, consumers, and even competitors. A company’s business environment consists of many things; this essay will review the three most important business environment factors; income statement, balance sheets, and cash flow. This essay will also compare Apple’s (#36) financial health to two of its Fortune 500, Top 50 competitors in the Information Technology (IT) industry; Hewlett Packard (HP) (#11) and Microsoft (#38) (CNN Money.com, 2011). These factors are important and provide valuable information about a company concerning its general financial health. Although financial statements are important, a company’s technological advantages, globalization, and benchmarking are also important. These topics also will be discussed in more detail throughout this essay. First, the Income statement of Apple Inc., HP, and Microsoft. Income Statement “An income statement, otherwise known as a profit and loss statement, is a summary of a company’s profit or...
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...Learning Team Weekly Reflection : Week Two Learning Team B Learning as a team we all had to answer questions about real world examples of ethical and unethical practices we either read about or encountered in our place of employment. As team members generally most spoke about how their employer was trying to seek new guidelines to provide a more ethical environment. Many spoke of online training, having to take tests, or even go away to learn the rules of the company. Some spoke of how they had weekly meetings with both the staff and surveys from both staff and patients to get feedback on the way things were being handled to make changes based off of these results. It seems we were all exposed to both ethical and unethical business practices today whether reading about it in the news or seeing it first hand on the job. In reflecting on this week our team seemed to really take an interest in collaboration. Some shared about how important it is just to have ongoing teamwork just to produce innovative, cost effective, and targeted products and services. As being part of Team B I can see how important this is going to be toward our success. People need to be respectful and let everyone know their ideas without feeling that everyone knows as much as they do. Some team members when asking them a question answer the question with a tone that sounded as if I should have already known that answer. Why would I ask it? This does not set up proper ways of treating one another...
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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 strong...
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...Case Study on IB of Apple Inc. Introduction Apple Inc. is one of the world’s most successful multinational corporations engaged in researching, designing and producing electronic technology devices and solutions. The sensational success and tremendous profit of Apple Inc. are created through globalizing its businesses. According to Corteau and Milan (2011), globalization usually involves a series of interrelated activities such as internationalization of finance and trades. The company has realized significant globalization through extension in the global market. In the first half year of 2013, Apple’s revenue amounted to $98.115 billion. Only less than 35% of this revenue was generated in the US market. The global market was the source of over 65% of Apple’s revenue. This article intends to explain Apple’s globalization through analyzing one of Apple’s key creations: iPod. Special attention is given to the jobs and profits around the world generated by iPod, disparity in income and employment, and employee composition. Analysis of impacts of globalization on Apple Inc. since Jobs’ return Apple Inc. has undergone the golden time for business development and globalization from 2007 to 2011 under the leadership of Steve Jobs. The company was then on the verge of bankruptcy in 2007 when Steve Jobs returned to Apple. In order to save the company from bankruptcy, Steve Jobs took a series of restructuring and rebooting measures with a focus on innovation and internationalization...
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...Apple’s External Environment External environment is the environment or surroundings outside of the company such as economic component, demographic component, technological component, sociocultural component, political/legal component, and global component (Chapter 2, Management Environment, slide 5). As for Apple, they have their own factors which is P.E.S.T. (Political, Economic, Social, and Technological) factors that affect them to make a decision-making process. These are the explanation about PEST : 1. Political Factor Political factor is a factor by looking at federal, state, and local laws, as well as other countries’ laws and global laws, include a country’s political conditions and stability (Chp. 2 Management Environment, slide 5). Since 2007 until 2009 it is accounted for that more than a 50% of offers of their items originates from nations other than America. To decrease their working expense Apple likewise spread their item assembling to diverse organizations outside America. Cork, Ireland, Korea, China and Czech Republic are a percentage of alternate states where Apple put their organization. Awful universal relations, wars, terrorism, and general wellbeing issues between U.S. also, these states may give a negative effect that may harm the Apple Inc. notoriety and additionally their business process. Just like when there is political precariousness between to states where Apple works their business, a business postponement could be happen and subsequently...
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...employees. This paper illustrates Apple Inc.’s SWOTT analysis and how the company develops its vision, mission, and guiding principles based on this analysis. This paper also reviews how Apple’s strategic plans and objectives define quality as a core principle. Finally, an assessment of some tools Apple uses to measure customer satisfaction and how these measurements can enhance quality. Apple Inc. Apple designs, develops and markets personal computers, media devices, and portable digital music players. Founded in 1979 by Steve Wozniak and Steven Jobs, Apple has become a world leader in the personal electronic entertainment industry. Apple leads the digital music revolution with its iPods and iTunes online stores. The company reinvented the mobile phone with its revolutionary iPhone and application stores, and has recently introduced its magical iPad that is defining the future of mobile media and computing devices. The organization built this empire by sustaining the Four Basic Values establish from its conception. Honesty; Ensures Apple demonstrate honesty and high ethical standards in all business dealings. Respect; Treat customers, suppliers, employees, and others with respect and courtesy. Confidentiality; Protect the confidentiality of Apple’s information and the information of our customers, suppliers, and employees. Compliance; Ensure that business decisions comply with all applicable laws and regulations. These simple values have transformed Apple from a two...
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...Apple Incorporated is a U.S. based computer and electronics firm that manufactures products such as the iPod, iPhone, Macintosh computer, iPad, and Apple Watch. Apple Incorporated was founded in 1976 by Steve Jobs and Steve Wozniak, who released the Apple II computer in 1977 (Apple Inc…, 2015). The next product launched by Apple Inc. was The Apple Lisa which was released in 1983 and was the first computer to have a mouse and a graphical user interface (Apple Inc…, 2015). The first Macintosh computer came in 1984 however it was not successful due to the lack of market share to compete with IBM (Apple Inc…, 2015). After several years of financial losses, Steve Jobs launched a product redesign in 1997 that led to the iMac in 1998 (Apple Inc…, 2015). During the 2000s, Apple began to focus on portal MP3 devices such as the iPod and mobile phones like the iPhone. Then Apple began a new line of business in the music industry with iTunes. Today, Apple Inc. is a major competitor within the computer and consumer electronics industry. Apple Inc. is headquartered in Cupertino, California and has 76,000 employee based in the United States. Apple Inc. has directly and indirectly created and supported 1.9 million jobs in the United States (Israel & Johnson, 2016). Apple Inc. has stores located in 18 countries including the United States (Apple Inc., 2016). After a brief overview and history of Apple Inc., this critical analysis will take a look at the industry in which it operates,...
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...Environmental Analysis Apple BUS499 Mavasia Partman-Willis Dr. Love November 2, 2015 External and Internal Environments Analysis Apple Inc. November 02, 2015 Apple Inc. is a PC manufacturing organization that was propelled into the business sector through the shared endeavors of Steve Jobs and Steve Wozniak in the year of 1976 and is aimed for coming to the differing worldwide group. The changes in the external environment of the organization decide the choices that the company will make. Apple Inc. has legitimate systems that have been produced to survey the outer situations of the organization. The organization has distinguishes the particular areas that influence the operations of the organization all things considered. These powers on the company empower the operations of the organization to be affected. In a more extensive sense, the substances that fall outside the operations of the Apple Inc and identify with the organization are the external environment. These are the components that exist outside the organization limits and still influence the association and its operations. The quick development of e-commerce in the business domain is one of the significant external variables that influence the operations of Apple Inc. The organization will subsequently have inside conformities of its frameworks in order to stay aware of the evolving e-commerce. Apple Inc associates with its external surroundings to finish its set objectives. Apple Inc is gone for making...
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...Assignment 2: Challenges in the Global Business Environment Courtney N Carpenter Business and Society Professor Pamela Payne-Powell Strayer University August 30, 2015 Challenges in the Global Business Environment This paper summarizes Apple’s Supplier Code of Conduct and responsibility information. This paper describes Apple position on empowering workers, labor and human rights, health and safety, the environment and accountability related to Supplier Code of Conduct. Apple believes in making complex things simple and designs new products that enrich people’s lives. The company is one of the biggest supply chains in the world. Apple products such as iPhones, iPads, and Mac Books contribute to more than a million people lives in the world and employ the company and their hundreds of manufacturing partners. Apple’s Supplier Code of Conduct is one of the toughest in the electronics industry and the company’s made it even stronger through 633 audits at multiple levels of supply chains and trained more than 1.5 million suppliers on their rights (Apple Inc, 2015). Apple believes that each supplier or worker has the right to safe and ethical working conditions, so the company is audit deep into their supply chain and maintain their suppliers’ accountability to the strictest industry standards. Apple is committed to providing educational opportunities for workers by providing them educational resources in their supply chain. The company provides training to workers on their...
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...Preferred Organization: Apple Inc. - Organization Culture and Change Introduction/Organization: In this draft, we would like to discuss about Apple Inc.’s organization culture and major organization change happened in the organization and analysis of a successful organization change. Every organization has a culture of its own. And every organization undergoes organization change depending on the situation, change process is implemented by the organization for the benefits of employees, or change process may be implemented to satisfy customers or for the organization growth. The Apple Inc. story starts in 1976 with the birth of a company called Apple Computer around the creation of a system called the ‘Apple 1’ by Steven Wozniak and Steven Jobs. Apple Inc. went through a variety of dramatic changes to the company’s structure along with its performance and losses remained a continuing consistency. This project, we will discuss about organization change in Apple Inc., i.e. Restructuring of Apple Inc., implementing new technologies and shifting strategy. We believe this organization is a perfect example of undergoing major organizational change and it was a company where it started from nothing to become one of the top companies in computer and technological world. In near future we can only see rapid reaction of Apple Inc.’s growing tremendously. Approach: In this section we will discuss organizational culture and performance of Apple Inc. From the sleek design...
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...GB520: Strategic Human Resource Management Professor Susan Pettine Kaplan University Apple Inc. Case Study 2008 Apple Inc. Case Analysis Introduction The 2008 Harvard Business Case Study on Apple Inc, describes the illustrious company which is fast becoming the wealthiest company ever with a net worth of $500 billion dollars. It illustrates how the company has had some issues, but still find a way to yet sustain its’ name and position over the years. The status of the company was examined in detail by the article which revealed a number of strategic moves under the leadership of several CEO’s in marketing, the PC industry and the consumer electronics industry. This paper offers an analysis of how I view Apple Inc. using the Strategic Management Process. Therefore, the latter part will offer recommendations of some difficulties Apple Inc. faced as it made successful changes (Slind & Yoffie, 2008). Synopsis (Background) of the Situation April 1, 1976 Steve Jobs and Steve Wozniak cofounded Apple Computer in Los Angeles, California from Jobs garage; they built a computer circuit board and named it Apple I. In just a few months they sold 200, in less than three years Apple had annual sales of $1billion which quickly propelled them an industry leader. Apple was thriving to a degree that seemed to be beyond the capacity of Apple computer. Although Mac sales surged in recent years, Apple’s share of the PC market consistently...
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...Scanning of APPLE Adalei Padilla* MG485-44* 5/20/2012 ------------------------------------------------- Environmental Scanning of APPLE Adalei Padilla* MG485-44* 5/20/2012 External External Introduction The Apple Company was founded by Steve Jobs and Steve Wozniak in 1976 and incorporated in 1977 introducing the Apple Computer as their first product, ever since they have grown to become one of the largest growing technological organizations worldwide (History of Apple). The financial result for Apple’s 2012 second quarter ended on March 31, 2012 and was reported on April 24th 2012. The company posted quarterly revenue of 39.2 billion and quarterly net profit of 11.6 billion (Apple and the Environment ). Apples’ achievements do not go unnoticed, but we must also credit those individuals who work tirelessly to keep Apple on top. Individuals dedicated to constantly strategizing to ensure the continued success of Apple. Strategies like environmental scanning, that consists of a scan and evaluation of the external environmental to recognize potential threats or opportunities of the organization. The environmental scanning of an organization as large and as successful as Apple must be thoroughly performed and must incorporate the natural physical environment, the societal environment and the task environment. (Thomas L. Wheelen, 2012) Natural Physical Environment: Apple has been trying to diligently go greener to reduce their impact on the environment by improving...
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...Marketing Strategies Tyloria Evans Contemporary Business; 508 Dr. Horner-Smith Strayer University April 25, 2015 Corporate Responsibility and Marketing Strategies In todays society many corporations need the trust of the general public for their survival. Apple, Inc. which has been named #1 on the fortune top ten most admiral companies list has worked hard to gain that trust by producing quality products that appeal to diverse groups. According to Boone/Kurtz (2013), “an organization that wants to prosper over the long term is well advised to consider business ethics” (p.32). Business ethics can be defined as standards of conduct and moral values regarding right and wrong actions in the work environment (p. 32). Not only should a corporation consider business ethics, but it should also take social issues into account as well. Business ethics and social responsibility can work in conjunction to allow a corporation to thrive. These social responsibilities can include how a discussion will affect the work environment, employees, and its customers. Overview of Apple Apple, Inc. is a fortune 500 companies established in 1977 in California. Since 1977 Apple has designed, manufactured and markets mobile communication and media devices, personal computers, and portable digital music players. Apple also sells a variety of related software, services, accessories, networking solutions, and third party digital contents and applications. Apple was founded by Steve Jobs, Steve Wozniak...
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...BUS 508:Contemporary Business Corporate Responsibility and Marketing Strategies Dr. Hammad Elbedour Monique A. Newell 1/20/2014 [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] Apple Corporation is a computer company that sells consumer electronics and computer hardware/software. It was started by three men; Steve Jobs, Steve Wozniak and Ronald Wayne in Cupertino,CA. They wanted to make and sell personal computers. Later, Ronald Wayne sold his Share to Steve Jobs and Steve Wozniak. Back then, it was a very risky investment and too much of a risk for Ronald Wayne. Now, Apple is one of the biggest computer companies in the world. Today they are said to be worth around $705 Billion (Finger, 2013). It has very loyal customers that trust and buy only Apple products. This is because it is a company/product well known for its quality electronics. Despite its rather high prices, people will wait in line and pre-order Apples’ “Next big thing”. This company is well respected and well known. It must adhere to ethical business practices by being a socially responsible business. This paper will examine Apples’ current position as a socially responsible business. We will start by determining if Apple meets the standards it has made for itself as well as legal standards. Then we will...
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...| | |CORPORATE LEVEL STRATEGY | |APPLE COMPUTER, INC | | | |PREPARED BY: | |TETY JUANITA MOHD KAMAL | |WONG WAI SIONG | |LAI CHOON HOONG | |WAN HAZIRA WAN MUHAMMAD | |WAN HAMIZA WAN MUHAMMAD | |7/31/2010 ...
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