Strategic Management of publically lisied company Essay

Strategic Management of publically lisied company - Essay Example The objective of the study is to measure Apple Inc’s current challenges and their strategies to cope up with them. Strategic analysis is the method of conducting research on a company’s internal and external business environment in which it operates, in order to formulate a suitable strategy (Rigby, 2001). There are a number of tools of strategic analysis such as PEST analysis, SWOT analysis, Porters five forces, Value chain analysis which will be described in details in context of Apple Corporation. Additionally, strategic planning involves defining the company’s mission, goals and objectives which initiates effective strategy formulation (Luo, 2008). Also, the viability of Apple Inc’s current strategy and recommended strategies depending on its business environment will be evaluated in details through this study. SWOT stands for strengths, weaknesses, threats and opportunities and provides a view of a company’s current and could-be position. SWOT analysis is conducted to evaluate Apple Inc’s current position and strategies with respect to its internal (strengths and weaknesses) and external (opportunities and threats) environment (Cravens, Piercy & Baldauf, 2009). PEST stands for political, economic, social and technological factors which are macro-environmental factors that affect the decision making and strategy formulation of an organization (Cravens, Piercy & Baldauf, 2009). In case of Apple Inc., this analysis will help to analyze the current and projected position of the company. Political factors- In the recent years, 52% of Apples sales were outside America and it also manufactures many of its goods outside the country (Barney, 2001). Political conflicts in any of the countries such as China, Korea and Ireland in which it operates will have terrible effects on the business of Apple Inc. Economic factors- The economic depression can result to a wide

Management Philosophy Final Paper Essay Example | Topics and Well Written Essays - 1000 words

Management Philosophy Final Paper - Essay Example The management model used by the management is also a determinant of the relationship that will be created with the employees. Competency is also required of the employees as it plays an essential role in ensuring that the mangers are able to carry out their duties effectively. The paper is thus a management philosophy regarding best management practices. As a manager, I prefer an organization that is flexible and the leadership is democratic. According to the participative theory of leadership, the leader should always take into account the input of the others and also ensure that the other people are encouraged to participate and make their own contributions. The use of such models encourages flexibility and teamwork which is essential in enhancing the success of an organization. On the other hand, I would like to work where the organizational culture promotes flexibility and teamwork. This is because a good relationship among the employees can be attained through teamwork and close working relationship among the team members. As a manager and employee, I also prefer working in an organization that has effective communication. Effective communication is an important tool that enables the employees to understand the issues that are taking place in the organization (Hatten, 8). I believe that ethics at the workplace is important and should be considered before making any managerial and business decision. On the other hand, it is also important to note that the brand image of an organization is dependant on how ethical it is. The confidence of the clients is usually enhanced by the presence of high ethical standards. Any form of unethical behavior has negative impacts on the image of the organization. I therefore believe that the concepts of ethics should also be incorporated in an organizational culture of an organization. As a manager and employee, I would not work in any organization that is engaged in unethical