Strategic Management and Strategic Competitiveness Essay
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
Strategic Management and Strategic Competitiveness Essay
Strategic, Management, Strategic, Competitiveness, Essay
- 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.
Write a four- to six-page paper in which you do the following:
- 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 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 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.
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.
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.
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.
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.
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.
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). 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APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. 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Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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