5-2 Final Project One Submission: Application of the Fundamental Principles of Management for a Successful Company

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Business Finance

Southern New Hampshire University

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Instructions

Submit the final version of your paper for Final Project One, which includes all critical elements (introduction, profile, and conclusion) within a single document. It should be a complete, polished artifact containing all of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course.

For additional details, please refer to the Final Project One Guidelines and Rubric document in the Assignment Guidelines and Rubrics section of the course.

The final project for this course is the creation of a decision-making and principles of management paper.

As you continue on your path to earn a degree in business administration, you will deepen your understanding of how effective management is a crucial aspect of overall business success, especially in today’s complex business world. As business and society continue to evolve, there will continue to be a demand for managers who are able to organize their resources and strategically implement the functions of management to achieve the goals of an organization.

The final paper for the course is divided into two parts: Final Project One and Final Project Two. Both parts of the assessment will focus on decision making and the fundamental principles of management.

In Final Project One, with the help of your instructor, you will select a successful company from the list provided. You will analyze the company’s best practices and effective implementation of the fundamental principles of management. Final Project One is divided into two milestones which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Module Two and Module Three. Final Project One will be submitted in Module Five.

In Final Project Two, with the help of your instructor, you will select a struggling company from the list provided in the Final Project Two Document. You will analyze the company’s ineffective implementation of the fundamental principles of management. Once you analyze the struggling company, your task will be to make recommendations for a management improvement plan explaining how the company’s management team can improve in areas such as decision making, employee performance, and sustainability. Final Project Two consists of one milestone, which will be submitted to scaffold learning and ensure quality final submissions. The milestone will be submitted in Module Six. Final Project Two will be submitted in Module Eight.

In Final Project One, you will demonstrate your mastery of the following course outcomes:

 OL-215-01: Analyze how an organization’s goals influence organizational planning that informs strategic decision making

 OL-215-02: Analyze the functions of management and ethical principles for executing effective decision making inorganizations

 OL-215-03: Apply management techniques that ensure the continuous improvement of personnel and business processes to measure organizational performance

 OL-215-04: Apply communication techniques aimed at increasing employee performance, thus achieving organizational goals and objectives

 OL-215-05: Illustrate the important connection between management and organizational culture

PROMPT

Your employer recently conducted an employee survey and the greatest area of concern was related to management. The survey revealed that many employees are not satisfied with management’s performance, and the employees feel like the company’s poor performance is directly related to a lack of effective management. The general manager has learned that you are currently pursuing a business degree and would like you to champion a team to help improve management’s effectiveness. The general manager would first like to understand some best management practices from successful companies.

For the first part of the final project, you will identify a successful company. You must select a company from the list of suggested companies below. Resources related specifically to the successful companies listed are provided.

APPLE

https://www.apple.com/sitemap/

http://www.businessinsider.com/how-to-run-your-com...

http://www.businessinsider.com/management-lessons-...


THESE ARTICLES ARE TO HELP WITH THE PAPER. THE COMPANY I CHOSE WAS APPLE. PLEASE READ THESE ARTICLES AND THE VIDEO THEY ARE NEEDED FOR REFERENCE ASIDE FROM ADDITIONAL ARTICLES OF YOUR CHOICE THAT IS RELEVANT. EVERYTHING THAT IS NEEDED FOR THIS ASSINGMENT IS TYPED ON THIS DESCRIPTION OR ATTACHED. I HAVE COPIED AND PASTED THE GUIDELINES AS WELL AS ATTACHED THEM.

PLEASE FOLLOW THE RUBRIC AND GUIDELINES THAT ARE ATTACHED. I HAVE ATTACHED THE LAST TWO ESSAYS WRITTEN WITH THE GRADES THE GRADES ALSO HAVE FEEDBACK PLEASE READ CAREFULLY AND PLEASE FOLLOW THE GUIDELINES (NOT TO COPY BUT FOR FEEDBACK) I WOULD LIKE A BETTER GRADE PLEASE. TIP WILL BE GIVEN. EVERYTHING NEEDED FOR THIS MILESTONE IS ATTACHED PLEASE FOLLOW. THIS ASSIGNMENT IS WORTH 150 POINTS I WOULD LIKE TO GET ALL POINTS.

I HAVE TO BE THOROUGH SO THAT THERE ARE NO MISTAKES I HAVE HAD MISTAKES BEFORE.

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OL 215 Final Project One Guidelines and Rubric Overview The final project for this course is the creation of a decision-making and principles of management paper. As you continue on your path to earn a degree in business administration, you will deepen your understanding of how effective management is a crucial aspect of overall business success, especially in today’s complex business world. As business and society continue to evolve, there will continue to be a demand for managers who are able to organize their resources and strategically implement the functions of management to achieve the goals of an organization. The final paper for the course is divided into two parts: Final Project One and Final Project Two. Both parts of the assessment will focus on decision making and the fundamental principles of management. In Final Project One, with the help of your instructor, you will select a successful company from the list provided. You will analyze the company’s best practices and effective implementation of the fundamental principles of management. Final Project One is divided into two milestones which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Module Two and Module Three. Final Project One will be submitted in Module Five. In Final Project Two, with the help of your instructor, you will select a struggling company from the list provided in the Final Project Two Document. You will analyze the company’s ineffective implementation of the fundamental principles of management. Once you analyze the struggling company, your task will be to make recommendations for a management improvement plan explaining how the company’s management team can improve in areas such as decision making, employee performance, and sustainability. Final Project Two consists of one milestone, which will be submitted to scaffold learning and ensure quality final submissions. The milestone will be submitted in Module Six. Final Project Two will be submitted in Module Eight. In Final Project One, you will demonstrate your mastery of the following course outcomes:   OL-215-01: Analyze how an organization’s goals influence organizational planning that informs strategic decision making OL-215-02: Analyze the functions of management and ethical principles for executing effective decision making in organizations   OL-215-03: Apply management techniques that ensure the continuous improvement of personnel and business processes to measure organizational performance OL-215-04: Apply communication techniques aimed at increasing employee performance, thus achieving organizational goals and objectives  OL-215-05: Illustrate the important connection between management and organizational culture Prompt Your employer recently conducted an employee survey and the greatest area of concern was related to management. The survey revealed that many employees are not satisfied with management’s performance, and the employees feel like the company’s poor performance is directly related to a lack of effective management. The general manager has learned that you are currently pursuing a business degree and would like you to champion a team to help improve management’s effectiveness. The general manager would first like to understand some best management practices from successful companies. For the first part of the final project, you will identify a successful company. You must select a company from the list of suggested companies below. Resources related specifically to the successful companies listed are provided. SAS     SAS.com SAS: A New No. 1 Best Employer How SAS Became the World’s Best Place to Work An Interview With the Godfather of Data Analytics, SAS’s Jim Goodnight Google      Google.com How Google Motivates Their Employees With Rewards and Perks Lessons From Google’s Management Style Google’s Management Style Grows Up Google’s Greatest Innovation May Be Its Management Practice   Zappos.com No Managers Required: How Zappos Ditched the Old Corporate Structure for Something New   Zappos: A Workplace Where No One And Everyone Is The Boss Zappos Company Culture (5:41) Zappos Southwest Airlines  SouthwestAirlines.com  Southwest Airlines Opens for Business Customers   Effective Management at Southwest Airlines Southwest Airlines: Strategy Genius or Common Sense? (8:32) Apple   Apple.com Apple Management Lessons Every Company Should Steal  8 Management Lessons I Learned Working at Apple  Steve Jobs Talks About Managing People (2:26) Once you have selected a successful company, you will then analyze its application of the fundamental principles of management. Specifically, the following critical elements must be addressed: I. Introduction. Provide a brief overview of the successful company that you have chosen to benchmark for management best practices. Consider including specific examples relating to the fundamental principles of management and the company’s mission and vision statement. II. Profile of a Successful Company a. Explain how the company has communicated its mission and vision within the organization. In other words, explain how the company demonstrates the importance of the mission and vision to employees and other stakeholders. b. Identify the role management played in helping this company execute its strategic management plan. Justify your response. You could consider including a specific example of a time when this management plan led the company to success. c. Describe how management has helped to positively influence the organizational culture within this company. You could consider using some specific examples, actions, or strategies that show how management has positively influenced organizational culture. d. Explain management’s pivotal role in the decision-making process within this company. Be sure to include specific decisions made by management based on principles of ethics. You could discuss specific decision-making models used by the company that may have helped the company be successful. e. Evaluate how the use of the functions of management within this company has adhered to the principles of ethics. You could consider how using the functions of management while adhering to the principles of ethics may have impacted the employees of the company. f. Explain how this company strategically uses human resources to develop its personnel. You could consider how this use of human resources has enhanced the company’s business processes. III. Conclusion a. Summarize how the company utilizes the fundamental principles of management to ensure optimal performance. You could consider the actions taken by this company if optimal performance is not met. b. Analyze the decision-making strategies of the company for how they consider all the parts of the company as an interrelated system. You could consider how the decision-making strategies of the company align with a systems thinking approach. Milestones Milestone One: Introduction of a Successful Company In Module Two, you will submit a one-page (maximum) document that will identify your chosen successful company from the suggested list. You are expected to provide a brief overview of the successful company that you have chosen to benchmark for management best practices. You should also include specific examples related to the fundamental principles of management and the company’s mission and vision statement. This milestone will be graded with the Final Project One Milestone One Rubric. Milestone Two: Profile of a Successful Company In Module Three, you will submit a one- to two-page document that will provide a profile of your chosen successful company. This milestone will serve as a rough draft and must cover the six critical elements described in Part II of Final Project One. You are expected to provide a minimum of two to three sentences for each of the six critical elements: mission and vision, strategic management plan, organizational culture, decision making, principle of ethics, and human resources.. This milestone will be graded with the Final Project One Milestone Two Rubric. Final Submission: Application of the Fundamental Principles of Management for a Successful Company In Module Five, you will submit Final Project One. It should be a complete, polished artifact containing all of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course. This assignment will be graded using the Final Project One Rubric. Final Project One Rubric Guidelines for Submission: Final Project One must be three to four pages in length (plus a cover page and references) with double spacing, 12-point Times New Roman font, one-inch margins, and APA formatting. Include at least two references cited in APA format. Critical Elements Introduction Exemplary (100%) Meets “Proficient” criteria and includes examples relating to the fundamental principles of management (P-O-L-C) and the company’s mission and vision statement Proficient (85%) Provides an overview of the company that was chosen to benchmark for management best practices Needs Improvement (55%) Provides an overview of the company that was chosen to benchmark for management best practices but details lack relevance or are cursory Not Evident (0%) Does not provide an overview of the company that was chosen to benchmark for management best practices Value 7 Successful Company: Mission and Vision Meets “Proficient” criteria and details chosen demonstrate insight into how the company crafts its communication for differing audiences Successful Company: Meets “Proficient” criteria and Strategic Management justification includes an example Plan of a time when this management plan led the company to success Explains how the company has communicated its mission and vision within the organization Does not explain how the company has communicated its mission and vision within the organization 11 Does not identify how the company has successfully executed its strategic management plan 11 Successful Company: Meets “Proficient” criteria and Organizational Culture includes specific examples, actions, or strategies that show how management has positively influenced the culture Successful Company: Meets “Proficient” criteria and Decision Making details discuss decision-making models that have helped the company be successful Describes how management has helped to positively influence the organizational culture within this company Describes how management has helped to positively influence the organizational culture within this company but details are irrelevant or cursory Explains management’s pivotal Explains management’s pivotal role in the decision-making role in the decision-making process within this company, process within this company, citing specific decisions made citing decisions made by by management based on management based on principles principles of ethics of ethics but details lack relevance or are cursory or examples lack specificity Does not describe how management has helped to positively influence the organizational culture within this company Does not explain management’s pivotal role in the decision-making process within this company or cite decisions made by management based on principles of ethics 11 Identifies how the company has successfully executed its strategic management plan, justifying response Explains how the company has communicated its mission and vision within the organization but details are either inaccurate or cursory Identifies how the company has successfully executed its strategic management plan but does not justify response or details are inaccurate or cursory 11 Successful Company: Principles of Ethics Meets “Proficient” criteria and details include how using the functions of management while adhering to principles of ethics may have impacted the employees of the company Evaluates how the use of the functions of management within the company has adhered to principles of ethics Evaluates how the use of the functions of management within the company has adhered to principles of ethics but details are irrelevant or cursory Does not evaluate how the use of the functions of management within the company has adhered to principles of ethics 11 Successful Company: Human Resources Meets “Proficient” criteria and details show insight into how the strategic use of human resources can lead to a company’s success Explains how this company strategically uses human resources to develop its personnel Does not explain how this company strategically uses human resources to develop its personnel 11 Conclusion: Principles Meets “Proficient” criteria and Summarizes how the company Explains how this company strategically uses human resources to develop its personnel but details are inaccurate or cursory Summarizes how the company Does not summarize how the 11 of Management Conclusion: Interrelated System Articulation of Response details include insight into actions utilizes the fundamental taken by the company if optimal principles of management to performance is not met ensure optimal performance utilizes the fundamental principles of management to ensure optimal performance but details are inaccurate or cursory Meets “Proficient” criteria and Analyzes the decision-making Analyzes the decision-making details include how the decision- strategies of the company for strategies of the company for making strategies of the company how they consider all parts of how they consider all parts of the align with a systems thinking the company as an interrelated company as an interrelated approach system system but details are cursory company utilizes the fundamental principles of management to ensure optimal performance Submission is free of errors Submission has no major errors related to citations, grammar, related to citations, grammar, spelling, syntax, and organization spelling, syntax, or organization and is presented in a professional and easy-to-read format Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Does not analyze the decisionmaking strategies of the company for how they consider all parts of the company as an interrelated system Earned Total 11 5 100% Running Head: APPLE INC. 1 Apple Inc. Milestone Two Julianmy Paulino Southern New Hampshire University APPLE INC. 2 Apple Inc. Apple Inc. Is a Company founded by Steve Jobs and is headquartered in California, USA. The entity is majorly involved in development, designing and marketing of different innovative services and products such as digital music players that are portable, media devices and the computers. It also sells network solutions, applications, digital contents and the software. It has over 60, 000 employees and it primarily operates in the United States but has got a global market. They offer products, for example, OS operating systems, iPhone, Mac, iPad among others (Apple's Vision, 2017). Moreover, Apple Inc. has got a mission statement that says "Apple is committed to bringing the best personal computing experience to educators, students, creative professionals and consumers around the world through innovative hardware, software and internet offerings." This is through the creation of an era in the online platforms, for example, iTunes and iPods by differentiating and satisfying customer needs. The company’s vision is to provide products and services of high quality and to maximize stakeholder's wealth (Apple's Vision, 2017). The vision categorically gives an indication which is crystal clear on its operation agenda. Apple is flourishing because of the company’s strategic management plan which is broken down into four management functions that include controlling, planning, leading and organizing. This extensive assortment is the major contributory factor to the effective management plan. The company has set up distinct and brief organizational and management devices that set up the pace and bring an ability to productively and effectively compete in the market (Rothaermel, 2015. The organizational culture of Apple Inc. is a central factor in the success of the apple which determines the capabilities of giving support to new strategies, policies and the change. The organizational culture of apple seems like a horizontal system which operates in small APPLE INC. 3 teams that regularly meet per week to discuss the company’s progress. Effectively, employees are integrated and developed into the organizational culture to contribute and facilitate innovation. The attributes of Apple's culture are to make sure that Apple has got a front position in the market (Mathis & Jackson, 2011). Those features include creativity in skills, abilities, and knowledge; top-notch excellence through using a human resource selecting policy that fit into the cultural requirements of the company. The excellence of Apple Inc. can be confined to the managerial decision making spearheaded by the current management led by Tim Cook the General Manager. Given that the telecommunications firm is vast and global they face enormous scenarios that need a well-structured policy for decision making. The company's decision making is based on the uniformity and the results which enables workplace ethical prowess, consistency and fairness. The ethical background is the epicenter of organizational culture and philosophy of Apple Inc. The company has prioritized integrity in any business interaction which is primarily driven by the employees of the company (Farrel & Fraedrich, 2015). Honesty, confidentiality, respect, and compliance are the fundamental principles that encourage the company's moral stamina. To ensure that these principles apply Apple has drafted them together with relevant policies in the business conduct across all their operations including overseas (Rothaermel, 2015). According to Steve Jobs (2010) Apple Inc. human resource management is structured in a framework that provides maximum use of technical skills and talent for innovation development on the emphasis on competitive advantage concerning the competitors. Concerning the Apple's production strategy, Apple has got a principle of integrating the Employees into the business strategy for the creation of value to the customers via their products. According to Cania (2014), the company motivates and satisfy the human resources APPLE INC. 4 through special discounts when buying Apple products, flex benefits and proper remuneration which is evident in the company's product market excellence. In conclusion, Apple Inc. is flourishing because its system of management has a uniquely vibrant principle of management which spearheads company's innovation culture and customer satisfaction. The ethical consideration, the enormous decision making and excellent selection method and motivation of the human resources is the key to the company's success and achievement to the objectives through maintenance of the mission, vision and the adherence to the company's core values. APPLE INC. 5 References Apple's Vision Statement & Mission Statement - Panmore Institute [Video file]. (2017, January 29). Retrieved from http://panmore.com/apple-mission-statement-visionstatement Cania, L. (2014). The impact of strategic human resource management on organizational performance. Economia. Seria Management, 17(2), 373-383. Ferrell, O. C., & Fraedrich, J. (2015). Business ethics: Ethical decision making & cases. Nelson Education. Steve Jobs talks about managing people [Video file]. (2010, June 12). Retrieved from https://www.youtube.com/watch?v=f60dheI4AR Rothaermel, F. T. (2015). Strategic management. McGraw-Hill Education Running head: INTRODUCTION OF A SUCCESSIVE COMPANY Introduction of a Successful Company Julie Paulino Southern New Hampshire University 05/18/2018 1 INTRODUCTION OF A SUCCESSFUL COMPANY 2 Apple Inc. Apple is one of the most successful companies in the world due to its valuable brands compared to other companies' brands. According to Yarow (2012), besides, the management used by the company is a lesson that every company should benchmark to improve its performance in the global mobile company. The Apple's company attributes success to the corporate culture which extremely engineering focused, stresses on less bureaucracy and the management values its people. Despite the fact that company most top managers have a strong engineering background, there is great respect for the product manager and “coding personnel." The Apple Company focuses on perfecting its products where staffs specialize in different fields of expertise. Apple Company operates on principles based management. First, the company is very innovative to use different management systems. That makes Apple unique from other competing companies leading to identify customer’s needs (Male, 2010). Secondly, the company combines engineering with art, the engineers are motivated to create and design gadgets they would prefer to use making their product to have most used features (William, 2012). Thirdly, Apple targets the few customers to sell more products; they differentiate their products for specific customers’ loyalty. The technology focuses on making all products as perfect as possible. Apple's fourth principle is based on the company being their best critic and the company strives to achieve beyond what set as a target rather than competing with other companies. The Apple’s company has its mission and vision. The company's mission is to "design best personal computers in the world and lead the digital music era with innovations like iPods and iTunes in the online platforms (William, 2012). The company focuses on reinventing mobile INTRODUCTION OF A SUCCESSFUL COMPANY 3 phones by defining the future of the computing and mobile devices". Lastly, the vision of the company states man is the creator of the change in the world therefore he should be above the structures and systems but not subject himself to a lower ranking. INTRODUCTION OF A SUCCESSFUL COMPANY 4 References Male, B. (2010, August 2). 8 Management Lessons I Learned Working At Apple. Retrieved from http://www.businessinsider.com Williams, Y. (2012, May 5). Steve Jobs talks about managing people. Retrieved from http://ed.ted.com Yarow, J. (2012, February 15). Apple Management Lessons Every Company Should Steal. Retrieved from http://www.businessinsider.com 60 / 80 С Individual Feedback 2-2 Final Project One Milestone One: Introduction of a Successful Company Overview: You provided a solid overview of the company. This will serve as a foundation in which to launch the various parts of the Milestone assignments. Principles of Management/Company's Mission and Vision: What you identified as Apple's mission is actually not their mission. While I appreciate the 3 factors you identified as evidence of Apple's application of principles of management - there was elaboration to support your assertion. For example: First, the company is very innovative to use different management systems. That makes Apple unique from other competing companies leading to identify customer's needs. What different kinds of management systems do they utilize? How do you know Samsung doesn't do the same thing? It is important to elaborate and support your assertions, so the reader walks way believing you've done your research and it is accurate. Articulation of Response: While I saw no major spelling, grammar, or syntax errors, there were APA errors in formatting your citations. Citations for direct quotes from books should look like this: (author's last name, publication date, page number). Citations for direct quotes from websites, blogs, etc. should look like this: (author's last name, publication date, paragraph number). Citations for paraphrased material should look like this: (author's last name, publication date). 90 / 100 A- Individual Feedback 3-2 Final Project One Milestone Two: Profile of a Successful Company Mission and Vision: You did a good job discussing how the company communicates mission and vision within the organization. Strategic Management Plan: I really like that you identified specifics on how the company has successfully executed its strategic management plan Organizational Culture: You clearly identified how management has positively influenced the organizational culture within the company Decision Making: While you did address Apple's decision making, I would have liked to see you discuss management's decision making in more controversial times. Decision making is easy when things are good, but when things aren't good - how does Apple approach it? For example, the controversy over Apple using software to cycle down the battery or when folks working for Apple in China were committing suicide. Principles of Ethics: Similar to the discussion on decision making, there have been some ethical missteps made by Apple such as battery-gate and how they handled workers committing suicide at their China operations. Human Resources: Human Resources is a critical area for a company's strategic operations. You did a good job discussing how the company strategically utilizes its people. Articulation of Response: There were no grammar, spelling, punctuation, or syntax errors. However, be careful with your citations. They do not include all the necessary information needed for APA formatting. For example, paraphrased material need to include the author and publication date. Citations for directly quoted material need to include author, publication date, and page number (for print material) or paragraph number (for websites).
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Running head: MANAGEMENT SUCCESS OF APPLE INC

MANAGEMENT SUCCESS OF APPLE INC
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MANAGEMENT SUCCESS OF APPLE INC

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Introduction
Success is earned through hard work. A successful company is a result of proper planning,
optimum allocation, and utilization of resources, hard work while focusing on the laid down
objectives and embracing other essential management elements. Planning, management, employee
satisfaction and financing are the main elements that will dictate the success of any particular
company. A company is a complex association with individuals of various age, race, culture and
even working capability. Coordination, understanding, and appreciation together with upholding
ethical standards are required to keep this diversity in harmony. Apple Inc. is one of the companies
that has demonstrated success (Morris, 2011).

Apple Inc. success
Apple Inc. is a USA based international technology company. Its headquarters are located
in Cupertino, California. Steve Jobs was the founder of the company. It develops, designs,
implements and markets high-tech products like computers and phones. It also offers online
services like IOS app store and Apple Music. It employs more tha...


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