It is no secret that Apple Inc. is one of the most successful companies worldwide, however, many individuals believe that they remain “the best company in the world,” . In order to receive a reputation this strong, both your business plan and style must be perfected.
It is easy for outsiders to take a look at the success levels that Apple Inc. has met and provide feedback as a satisfied consumer, however, taking a look at the inside operations of Apple Inc. will leave individuals impressed as well. The management style that Apple chooses to implement is a very effective style and it opens the organization to a great deal of opportunity.
The power of customers is driven by a handful of aspects such as “how many buyers or customers a company has, how significant each customer is, and how much it would cost a customer to switch from one company to another,“. Apple Inc. holds a pretty dominant stand when taking a look at the number of consumers that they have.
Apple provides very good quality products to their consumers, so the cost in switching from one company to another may not be a smart decision considering the decrease in quality that they could be taking.
The power of suppliers may be Apple’s biggest downfall. Apple has a lengthy list of suppliers that are located both in and out of the United States. Considering that Apple relies on 200+ suppliers, their suppliers hold a lot of power, however, they do have a lengthy list, which spreads out the amount that Apple depends on each individual supplier.
Apple has a comfortable stand in regards to the threat of substitutes. Apple provides consumers with very high quality products that can perform a handful of tasks; therefore it would not be easy or feasible to find a product that can out-perform an Apple Inc. product. Of the five forces that the Porter Analysis takes into account, this would be one of Apple’s most comfortable positions.
CEO Tim Cook implemented Apple’s most current vision statement:
“We believe that we are on the face of the earth to make great products and that’s not changing. We are constantly focusing on innovating. We believe in the simple not the complex. We believe that we need to own and control the primary technologies behind the products that we make, and participate only in markets where we can make a significant contribution. We believe in saying no to thousands of projects, so that we can really focus on the few that are truly important and meaningful to us.
We believe in deep collaboration and cross-pollination of our groups, which allow us to innovate in a way that others cannot. And frankly, we don’t settle for anything less than excellence in every group in the company, and we have the self- honesty to admit when we’re wrong and the courage to change. And I think regardless of who is in what job those values are so embedded in this company that Apple will do extremely well.”
Apple is a company that will continue reaching for success and growth within their profitable organization, the vision statement implemented really breaks that down and simplifies it in a sense of what the company values and is looking to obtain. The vision statement is a very detailed piece of work that puts into perspective their business plan and marketing strategies.
Apple’s mission statement has also been a piece of work that underwent changes and alterations over the years. The current mission statement is:
“Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App store, and is defining the future of mobile media and computing devices with iPad.“
Within the mission statement, Apple is outlining all of the devices that they are well known for. They used this opportunity to capitalize on what they do and the quality products that they put out while attempting to out-shine their competition. Apple makes their intentions for the future of their organization very clear within the mission statement, they are in a sense saying that they are not done taking steps forward and they will continue to further develop as time goes on. Apple’s mission statement is a very powerful piece of work and it was designed to outshine competitors.
Apple is a company that takes their corporate social responsibilities (CSR) very seriously, as just about any multinational company attempts to do. Apple has greatly satisfied and fulfilled their company stakeholders and their CSR. Apple’s success is largely influenced by their stakeholder groups, which consist of their consumers, employees, investors and employees of suppliers and distributors. Apple puts a huge emphasis on the satisfaction of their stakeholders.
Consumers remain categorized as Apple’s highest level of importance. They aim to keep their consumers satisfied and are constantly looking out for the “next best thing” that Apple Inc. has up its sleeves. Apple also strives to preserve everything that is produced at an acceptable price level. Apple also takes part in a handful of programs, such as one for recycling, which provides reassurance of corporate social responsibilities.
Apple puts their employees as their second priority in a sense of their stakeholders. These stakeholders remain loyal based on compensation and career development. Apple strives to treat their employees very well and they provide competitive wages, along with great opportunities for development. Not only does Apple Inc. provide competitive wages and great career development aspects, they also provide very good compensation packages to their employees.
Investors also remain very important to Apple, as they do any corporation. Apple Inc. provides their investors with very appealing aspects in regards to investing such as high profit margins and very strong and competitive financial positioning. It becomes very attractive to investors when a company is labeled as one of the most lucrative companies worldwide. As previously mentioned, Apple also takes their CSR very seriously, which is yet another aspect that attracts investors.
Apple’s employees of suppliers and distributors make up the indirect stakeholders that the company preserves. These individuals are treated comparably to their employees; they receive competitive wages and countless benefits. Apple looks out for their employees and their suppliers and distributors by making sure that they are well taken care of.
I personally would unquestionably be interested in joining Apple Inc. as an employee. I believe that they treat their employees very well and the benefits are incomparable. Their training and development opportunity is very appealing to me as well.
The aspect of Apple Inc. that I liked the most is that employees receive recognition and even benefits and/or advancements for their hard work within the organization. The aspect that I disliked the most was the fact that the hiring process seems to be very long and in a sense drug out, however, that is to be expected when applying to be a part of such an exceptional corporation.
