Session 5: Resource Based Theory of the Firm. Case Study Analysis Introduction In 2008 Apple Company change its name to Apple Inc. Also, in China Apple Inc. Adding the hardware should generate more hands-on awareness and use already established locations. As a result in periods of economic turmoil, prospective customers can gravitate towards affordable products and brands. It also gives a better idea of the existing trends. The technology has been fast changing in the world and the market for it has become gigantic, which has added to more and more competition and thus, as soon as technological change are concerned the product life cycle has been shortened drastically, which the Apple Inc.
However, with further innovation, the company can develop and introduce new products, like what it has already achieved with the Apple Watch. Having rare resources is only going to be beneficial to your bottom line if you put them to use effectively. These features are the finest quality of products, efficiency of production, customer loyalty and innovations. Moreover, the report contains analyses of Apple leadership, organizational structure, business strategy and organizational culture. Write a six to eight 6-8 page paper in which you: 1. A review of academic research from the last decade. So our team asks: why not a smartphone that can be worn as a watch? Without Steve Jobs hiring of only the most tech.
It has driven the Computer manufacturing market for more than two decades. As mentioned above, 2010 came with the launching of the iPad, which is a totally differentiated product in the market. Developing new product lines can support business growth in the international market. The beginnings of Apple started with Wozniak assembling a simple built computer machine. Nineteen Eighty-Four 716 Words 3 Pages.
Burrows This very innovative company exploits its second-mover position. We can measure these resources whether they are Valuable, Rare, costly to Imitate, and can be Organized to capture value. Apple Reports The iPod product line continues to drive the financial performance of the company. The second company to come to market will usually try to compete with a lower price, as the initial entry will already have brand recognition and some degree of loyalty. Incompatibility with other brands: Apple products have very little compatibility with the products by other brands.
It is essential to be constantly evaluating the capabilities that your company has on hand, as it is those capabilities that you will use to compete out in the market. Constraints 17 Firm Specific 17 Industry Wide 19 V. It is visible from the sales of its products as well as the frenzy around them. Internal Audit All organizations have strengths and weaknesses in the functional areas of business. Another big social influence to Apple Inc. Compliance costs are adding to the operational costs of brands and causing pressures and losses. In the 1980s, personal computers.
It was a period of low economic activity when millions lost their jobs and that led to lower dispensable income in the hands of people. This is because human resource plays a major role for the success of every organization. We consider that there are several Apple products with several appealing features such as: iMac, iPod, iPhone and iPad. Moreover, rising labor costs involving contract manufacturers, such as those in China, reduce profit margins or push selling prices even higher. For this write-up, please answer the following questions.
Its use of creativity and imagination is also clear in its advertising strategy. The Porter Five Force Model for Apple Inc. Premium products and consumer experience: Apple has designed premium experience for its consumers and pushed the bar quit high in this area. While you have a hard-to-find item at your disposal, the competition is forced to find substitutes. By knowing what kind of value you can get from all resources on hand, you can move forward confident that you are making the right decisions.
It may give the focal company a first-mover advantage but competitors will probably try to imitate these resources. In the long-run, Apple aims for the top of the market, becoming the number one leader. There are several aspects to the environment that faced the smartphone industry. These Processes are as given below. Journal of Strategy and Management, 3 3 , 215-251.
The reader has no breaks to contemplate the thoughts and feelings of the. Its move into digital music, with the. Implementing means mobilizing employees and managers in order to put formulated strategies into action. It currently operates in more than 80 countries Discussing weaknesses, Samsung does have some gaps, such as; there are too many models of smart phones in the market, considering that, there was a decline of 32% in its operating profits. Valuable: Yes, because it has been proven to keep production costs low. Apple is also feeling the rising pressure of compliance. There may be more than one strategic issue in the case but you need to pick the most important one at this time for the company.