Choose one public corporation in an industry with which you are familiar. Research the company on its own website, public filings on the Securities and Exchange Commission's Filings & Forms page, Strayer University's online databases, Strayer University's Lexis Advance database, and any other sources you can find. The annual report will often provide insights that can help address some of these questions. Use the Strategic Management and Strategic Competitiveness Template [DOCX] to ensure that your assignment meets the requirements.
Write a 4-6 page paper in which you address the following:
Assess how globalization and technology changes have impacted the corporation you researched.
Apply the industrial organization model and the resource-based model to determine how your corporation could earn above-average returns.
Assess how the vision statement and mission statement of the corporation influence its overall success.
Evaluate how each category of stakeholder impacts the overall success of this corporation.
Use the Strayer University Online Library or the Internet to locate and include at least three quality references. Note: Wikipedia and similar websites do not qualify as academic resources.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is the following:
Determine the impact of globalization and technology changes, strategic models, vision and mission statements, and stakeholders on a corporation's use the attached template and cite per strayer's standards
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Explanation & Answer
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Apple Inc. is a multinational technology organization that focuses on online services,
computer software, and consumer electronics. Apple Inc. began as an organization based in
America but nowadays, it operates in the international market. Apple products are developed to
reduce the effect on the planet by maximizing its strength and performance. Like other
companies, Apple also faces competition in the industry, but its considerable market share helps
conquer the market. The organization's management and leadership emphasize on application of
new technologies in the world. Thus, this brings in the primary focus of this paper, which is to
discuss how globalization and technology impact the organization, industrial and resource-based
model, how success is influenced by vision and mission statement, and how stakeholders impact
the company's success.
Impact of Globalization and Technology Changes in Apple
Globalization and technology changes have affected Apple Inc and how the company
performs. When Apple came into the market, it made a $20,000 per week profit. By 2020, the
company had grown and had 165,000 full-time workers and earned a revenue of $270 billion and
$58 billion net income. Apple company has manufacturing firms in various foreign states like
Japan and China. As the company takes manufacturing overseas, it assists in promoting
efficiency and lowering costs (Lu, & Lu, 2017). Apple manufactures upstream vital parts and
components in Southeast Asia and China, which helps the organization save the cost of
production as the labor cost is low.
Through globalization, Apple is allowed to use other nations for the final assembly
production of their goods. Hence, to increase revenue, the organization is planning to raise
production in other states. For example, the company may prefer taking India for all these
operations as the country has a labor wage that is 25% that of China. The global market
efficiently boosts Apple's performance, as revealed by the earnings it got from the first quarter of
2019. Apple's introduction of other services such as Apple Arcade, Apple Music, AppleCare, and
iCloud has enhanced its improvement in technology that allows users to have entertainment.
Thus, this also earns the organization the revenue it needs. Globalization also leads to reduced
production and increased sales for Apple Inc. The company can have more branches in other
countries to distribute the products, and the quality of their goods enhances the increased sales.
The impact of technological changes on Apple can be explained through the outcomes of
their inventions and the knowledge they have about the market. In this regard, Apple produces a
new version of their phone every year with new features that make consumers prefer having
Apple products. The company also knows that consumers like their products, and they use this
knowledge to increase their sales and customer base (Pattuglia & Amoroso, 2019).
Advancements bring the viability of the company's value in technology, and this makes the
organization ensure it maintains innovation as their priority to beat the competition.
Industrial Organization Model and the Resource-Based Model to determine how the
corporation could earn above-average returns
Apple can raise its earnings by using resource-based, organizational, and industrial
models. The organization's worldwide presence is essential in improving its performance by
providing unique goods and services to consumers in various parts of the world. The economic
theory of the industrialization model acts as a crucial tool that Apple can apply if it wants to
enjoy above-average returns. The leadership and management of the company know what
strategies can be required for higher performance, how the industry performs, and the
competitive environment. The theory is applicable in defining market competition, anti-trust
policies, regulatory policies, and firm behavior (Hutahayan, 2020). In this regard, when Apple
applies this theory, it would assist them in encouraging global presence and innovation and
developing organizational structure.
The corporate organization structure assembles interconnectedness, resources, and
workforce groups to develop an environment that can adapt to the new technology. Apple can
apply newer competitive advantages and capabilities to enhance product design that provides
competitive products and creative innovation (Donnellan & Rutledge, 2019). According to the
resource-based model, resources are the driving forces of performance as the model has to avail
to appropriate resources required in production. Apple Inc can apply the model by channeling its
resources to specific areas that can develop a competitive advantage over the competitors.
How vision statement and mission statement influence success of Apple
Apple's mission is to use software, services offered, and innovative hardware to bring the
best user experience to their customers. The organization ensures the stakeholders know about
how it reduces excellent products to fit in the world market. The mission and vision statement
can influence the company to achieve short-term and long-term goals. For example, ensuring the
quality products offered to customers can bring the best user experience. High-end consumers
are attracted by the organization's innovative hardware, which is luxurious and highly valuable.
When the company produces beautiful products, it shows its focus on user experience (Gardere,
Sharir & Maman, 2018). A clear mission statement indicates how the company can determine the
primary stakeholders who make their growth process quick.
Apple's vision statement focuses on making the best products globally and leaving the
planet a better place than it was before. Apple Inc. can apply its vision statement to maintain
excellent standards, emphasize critical projects, control leading technologies, maintain
simplicity, and enhance innovation. The concept from the vision statement of Apple is essential
as it states the...