...Case Analysis Evaluation of New Phone Inc.’s Control Environment Strengths • Integrity and Ethical Values – New Phone Inc.’s management has high integrity and an established code of conduct. Since the behavior of employees can often stem from poor ethical behavior by management, it is important that they display a high level of integrity and ethical values. • Commitment to Competence – The Corporation has a reputation for hiring competent personnel which is vital for the success of the company. • Management’s Philosophy and Operating Style – The Corporation’s management is somewhat conservative in terms of accounting principles and practices. Weaknesses • Board of Director or Audit Committee Participation – New Phone Inc.’s Board of Directors and Audit Committee are not very active, which is important to maintain good internal controls and accurate financial reporting. Generally, auditors report their findings directly to the audit committee, who in turn reports to the Board of Director. The audit committee is also responsible for identifying potential risks. • Organizational Structure - New Phone Inc.’s organizational structure places the corporation at risk for unethical behavior by its upper management since it allows its individual divisions to operate autonomously. Managers are in a position to make decisions based solely on the performance of their division with little regard for the financial integrity of the entire organizational. In addition...
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...a beepers, flip phones, or the revolutionized smart phones, people are always characterizing themselves and others with the cellular devices they carry. Apple has created a phenomena when they released the innovated iPhone to the world in 2008 which took this company to new heights. Apple Inc started its revolution of the technological industry in 1976 with its found Steve Jobs. Apple Inc has evolved throughout the many years; starting with motherboards for personal computers to later developing their own systems. Apple has always been making strides to becoming the leading provider for personal devices. Upon the success of the iPods, Steve Jobs developed a new pioneering product that would take the cell phone industry to the next level, in 2007 Steve Jobs stood in front of a panel of consumers and demonstrated his new creation of the iPhone First Generation. The crowd stood up and gave a roaring applauds that echoed throughout the room. After that day, he worked to perfect his creation with adapting it to many different functionalities through his various versions of the project. Apple has always been in a leauge of their own until other companies decide to compete with the iPhone. The smart phone uproar has begun with companies like Samsung, LG, Pantech, and HTC started to develop their own interpertation of a smart phone. Companies utilize their consumer's different personality to find them a perfect suit for their needs. Apple started their smart phone as a monopoly for...
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...The following is a SWOT analysis of the Palm Inc. company based on From handhelds to smart phones – the pioneers of Palm Inc. (2011), Richard Ivey School of Business foundation. The strengths, weaknesses, opportunities and threats that this company is facing will be outlined to identify the positive and negative factors influencing the inside and the outside of the company. This analysis will help to develop an awareness of the factors that may affect strategic planning and decision making of Palm Inc. Strengths 1. Years of experience For Palm, years of experience at software development, marketing and device development are really a great strength. Palm start in 1992, 18 years let Palm experienced a lot of technological change, also made Palm earn a lot of experience. They know many marketing skills, they can avoid mistakes from previous products. So experience is one of the most important strength a company should have. 2. Loyal customers Customer is God. Everyone knows this truth. If you grasp customers’ hearts, you win. Palm is a company of 18 years history, so Palm has many loyal customers. Like Apple, if you get used to the IOS system, you can not get out of it, so the same as Palm OS system. Palm still have this part of people. 3. Value A company’s value comes from two parts, one is intangible value, another is tangible value. After those years, Palm already had its value. Intangible value such as reputation can make public believe in Palm. 4. Controlled...
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...potential customers, or potential buyers. The cell phone market is a massive market. Some studies conclude that more than half the world has cell phone accounts. One attribute that defines the cell phone market is the idea of consumers giving up their land line use. Many individuals are now giving up their land line use in favor of using only a cell phone. This causes a large influx of customers into the market for cell phones. As technology continues to advance new types of cell phones are developed and marketed to different segments of the population. Now cell phones are available for business purposes and social purposes such as social networking, text messaging, or gaming. Apple Inc., like any other corporation, has supply and demand that is affected by a variety of factors. In fact businesses create products and offer services based on their customers’ demands and the demands of the customers, or the lack thereof, affects the available supply. One of the main issues that drive demand of a product is customer preference. The preference of the customer and the desire of the product that a company sells can affect the demand curve. As more customers want a product like the iPhone, the demand curve shifts to the right. Families, friends and colleagues strongly contribute to a person’s choice of cell phone. When all of an individual’s friends and family members have an iPhone, the consumer is more likely to purchase the phone because everyone else is getting it...
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...Current Market Conditions Competitive Analysis Microeconomics 365 December 8, 2014 Introduction/ History of Apple, Inc. When participating in an increasingly competitive industry like the cell phone industry one must be prepared for any thing their competitors come out with. In order to stay ahead or at least in the game is to know your competitor and their product. Apple is one of the biggest cell phone competitors there is and knowing about them will always help out. Apple Inc. is a multinational corporation with 284 retail locations spanning 10 different countries. Apple has developed a unique reputation and is currently the largest technology firm in the world; with its stock market value reaching $500 billion in sales for 2011, (History of Apple, 2012). With headquarters located in Cupertino, California, Steve Jobs and Steve Wozniak successfully invented, and launched the first personal computer kit on April fool’s Day in 1976; known as the Apple I. The following year, the Apple computer, or Apple I, led to the incorporation of Apple Computer, Inc. As technology grew through the 80’s and 90’s, Steve and Steve continued to manufacture personal computers, or PC’s, including product lines such as Apple II, Macintosh, and Power Mac. Advancement of Apple Computer Inc. Steve and Steve continued to grow Apple Computer Inc., becoming the multinational leader in the consumer electronics industry and in 2001, dropped ‘computer’ from its name; after the successful...
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...Verizon Communications Inc. :The Future of Smartphones Verizon Communications Inc. is a telecommunications company that provides millions of Americans with innovating products. Verizon is a company that connects people everyday through their wireless technology. The technology that Verizon offers is top of the line high speed and power. Verizon is always looking for new ways to advance to the next level. Technology is always improving and advancing. Verizon has captured the best of technology and built it into their most innovating product. Verizon now offers a Super Smartphone that can truly do it all. This new Super Smartphone is like no other phone, and has unimaginable technology. The Super Smartphone created by Verizon will change the way we live, work, and play. This amazing product will lead Verizon to new opportunities and growth. Verizon’s Super Smartphone In today’s world, everyone has a cell phone. We depend on our phones to do everyday things. We rely on our phone to communicate with others and we also use them for entertainment. Many communications companies can offer you a pretty good phone, but only Verizon can offer you the Super Smartphone that is capable of truly doing it all. Our phones have already replaced our clocks, cameras, weather channel, maps, mail, and even our banking. The Super Smartphone is built with everything that a regular smartphone has. For example, on a regular smart phone you can make a call, send a text, take a picture, make a video...
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...well-prepared plan and vision in order to go ahead of the market and being the market leader, which would ensure the success and survival for the organization in long-term (Sadler and Craig, 2003). Failure to do so and the organization would see itself going bankruptcy in couple of years head. The case of Nokia is the typical example of the failure to catch the demand of the customers, to follow up the market and to struggle in the way to become powerful again. Nokia is well known about its products, which are mobile telephone and portable IT device. Used to be the market leader in the mobile phone industry, but the company now has been struggling in order to survive through the fast growing and many competitors of mobile phone industry. This report would invest the case study “Alarm ringing: Nokia in 2010”; analyze the situation and prospects for Nokia to be more competitive in the mobile phone market. II. Question 1: Nokia’s mission and vision The mission statement and the vision statement are created through the most inspiring words from the leader of the organization in order to give the operating direction for the organization in the most concise and clear manner. It can be seen that vision and mission are the two most basic type of motivating factors, which would motivate the team and let them aware about the success of the...
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...Apple Inc. Apple Inc., founded in 1976 by Steve Jobs and Steve Wozniak were looking to create a new type of computer. Thirty years later not only have they become one of the leading computer companies, but have also become successful in many other technological areas. Apple has branched out in computers (iMac, Macbook, Macbook Air, iPad), music industry (iPod, iTunes), cellular phone (iPhone), and have become leaders in these areas as well. To make an informed decision of whether or not to invest in Apple Inc., a business analysis must be done to determine the financial health of the company. The United States has been enduring an economic downturn since December 2007, according to The National Bureau of Economic Research (Isidore, 2008). Despite the recent economic downturn, Apple Inc. has turned a substantial profit for the past five years and is consistently one of the top performing firms in the Fortune 500. A review of their financial statement shows the extent of their success through the country’s struggles. Apple Inc.’s balance sheet, which is provides detailed information about a company’s assets, liabilities, and shareholder’s equity (U.S. Securities and Exchange Commission, 2007). Apple Inc. has reported steady grains of their assest from the preverious years. They reported a gain of 150% in 2007, 16% in 2008, 1% in 2009 and 11% in 2010. Apple Inc.’s total current assets went from $14 billion in September 2006 to $41 billion in September 2010 (Apple Inc. Balance...
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...Apple Inc. Management project Apple Inc. has stakes in several areas of technology including PCs, tablets, cell phones, portable media devices, and digital music distribution. There are threats from each area that Apple has to constantly monitor and overcome. Apple uses its own OS and on its own hardware which has both advantages and disadvantages. Since Apple has more control using this method their products are high-quality or sometimes referred to as premium. However there is less room for customization and the consequences can be seen on several of their product lines. One example is in the wireless market, where new cell phones are being released frequently. Apple has the iPhone and the iOS which are only updated once a year. Meanwhile there is another highly popular OS called Android and is developed by Google and given away for free. Several cell phone manufactures then create phones and use the Android OS which can be customized by the manufacture or simply left the way it is. With different manufactures, Android based phones are released more frequently and have different features which give consumers a variety of options. Features that are a direct threat to the iPhone include increased screen size, removable storage, and more options for customization. The latest iPhones always start at $199 USD with a 2-year contract and a similar Android phone is about the same. One major issue is the fact that the $199 version has 16GB of storage and for more storage (32GB)...
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...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 need to consider the external and internal factors, and choose the best way to implement their goals. Managers’ decisions are affected by the technological advances, competitors, government regulations, customers’ preferences, companies’ resources. When Steve Jobs returned to Apple, Inc in 1997, his decision to team up with the company’s then biggest...
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...Management & Situation Analysis Dr. Ronald Zallocco Trident University Constance E. St Julien-Mims August13, 2015 Iphone 7 by Apple Inc. U.S 2 Product Plan for iPhone 7 by Apple INTRODUC TION I have selected Apple’s needs to increase its market share for iPhone 7 for my SLP topic because it is a company that has designed top quality media products successfully. Apple has designed Mac, which is the best personal computer in the world along with OSX, iLife, iWork and professional software. Apple also leads the digital music revolution with its iPod and iTunes online store and has reinvented the mobile phone with its revolutionary iPhone and App store. It’s invention of the ipad is defining the future of mobile media and computing devices (Apple, 2012: n.d). Apple's Product Development Apple may release its next iPhone on September 25, according to the blog Mobile News, which claims to have obtained an internal staff email sent to employees of the British carrier Vodafone. The email reportedly outlined launch plans for the next iPhone, saying the phone would be released on September 25 with preorders starting September 18. Apple has always released the previous iphone in September in the past, but there's no telling exactly when the iphone 7 will be available. Even if Mobile News' email is legitimate, there's no evidence to prove that Vodafone has any knowledge of Apple's iPhone launch plans. Other than Force Touch, Apple is expected to...
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...Findings reveal that Amazon’s new Kindle Fire edged Samsung Galaxy Tab as the leading Android Tablet in North America, on par with interest for the iPad prior to its launch in April 2010, and second only to the Galaxy Tab globally with developers. Microsoft’s Windows Phone 7 also decisively moved ahead of RIM’s BlackBerry OS to become the clear number three mobile OS behind iOS and Android. Appcelerator and IDC also continued their research into how companies are making the move from the web to mobile. This quarter, the report dives deep into understanding the priorities companies are making with their mobile strategy and how mobile is fundamentally transforming customer relationships. The Rise of Amazon, Microsoft, and Samsung … and An Improved Outlook for Nokia As the mobile industry advances, contenders are finding success by securing new footholds and partnerships to compete against Apple’s dominance. Amazon announced the Kindle Fire, a smaller, cheaper Android-based tablet that leverages its large content library while Microsoft’s Window’s Phone 7 is building strong European developer enthusiasm thanks to its Nokia partnership. Developers and businesses gave high marks to these strong moves, which contrast sharply against BlackBerry OS, BlackBerry’s QNX-based PlayBook, and webOS, all of which collapsed in interest with developers this past quarter. Below are the topline findings from this quarter’s report: Copyright © 2011 Appcelerator, Inc. and IDC. All Rights Reserved...
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...Favorite Brand Paper There are several brands that I use on a daily basis but my favorite brand hands down is Apple, Inc. The product in particular that has created my romance with this company would be the IPhone. I have been using the IPhone since the first day it arrived on June 29, 2007 and I have been a loyal consumer up to my recent purchase of the IPhone 6 Plus, last month. Apple, Inc. has over $100 billion in sales and increased in sales every year consistently since its launch. I am committed to the quality, innovation, design, and simplicity that Apple, Inc. has provided to me consistently over the last 7 years. Apple, Inc. starts with a commitment to producing the very best product or service that you can imagine. This promise started when the late Steve Jobs took the CEO position at Apple, Inc. and created a marketing blitz with the launch of the IPhone, IPod, and IPad. On January 9, 2007 Steve Jobs delivered the most incredible keynote speech of his life and quite possibly the best in the history of consumer electronics (imore.com, 2014). Steve Jobs said,” That he would be introducing a wide screen IPod with touch controls, a revolutionary mobile phone, and a breakthrough internet device.” It was not going to be three separate products but one innovative product the IPhone. The world’s most successful brands don’t become (or remain) the world’s most successful brands without deep dedication to their customer’s needs. Apple’s customer service is legendary. Spend...
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...APPLE INC. [pic] APPLE COMPUTERS EXECUTIVE SUMMARY This research paper is fully depends upon the true information on the Apple Inc. This paper is specially made for the Apple Computers. The purpose of the paper is to provide the strategic analysis plan for the Apple Inc for the next three years i.e. 2011-2013. The strategic Management Model for Apple Inc gives the useful output from the analysis of all the factors that contributes. This project is based upon to find out the best suitable strategy for the Apple computers so that it can follow that strategy in next three years to carry out the desired goals for the organization. As per requirement of project, the external and internal analysis is carried out. Here we come up with TOWS analysis. From TOWS analysis, there is the 3 suggested strategies for the organization. From those three strategies, we have to pick the one which is best and justified it. OVERVIEW OF APPLE INC Mr. Steve Jobs and Mr. Steve Wozniak founded Apple Inc in 1976 after a long struggle. Before Apple was founded, IBM was already in the market and Apple came into existence when IBM launched its 4004 chip which makes the bulky parts of previous computers into the small chip size. (Aoki, 2009) Apple Inc is wholly owned subsidiary of Apple Inc. Apple Inc deals in designing, manufacturing the personal computers, mobiles, digital music devices, software related to items, services, peripherals and other networking services...
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...Strengths • Integrity and Ethical Values – New Phone Inc.’s management has high integrity and an established code of conduct. Since the behavior of employees can often stem from poor ethical behavior by management, it is important that they display a high level of integrity and ethical values. • Commitment to Competence – The Corporation has a reputation for hiring competent personnel which is vital for the success of the company. • Management’s Philosophy and Operating Style – The Corporation’s management is somewhat conservative in terms of accounting principles and practices. Weaknesses • Board of Director or Audit Committee Participation – New Phone Inc.’s Board of Directors and Audit Committee are not very active, which is important to maintain good internal controls and accurate financial reporting. Generally, auditors report their findings directly to the audit committee, who in turn reports to the Board of Director. The audit committee is also responsible for identifying potential risks. • Organizational Structure - New Phone Inc.’s organizational structure places the corporation at risk for unethical behavior by its upper management since it allows its individual divisions to operate autonomously. Managers are in a position to make decisions based solely on the performance of their division with little regard for the financial integrity of the entire organizational. In addition, there is little monitoring of the individual division unless they are underperforming...
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