Economic Environments Assignment Help

 Introduction

Economic Environments Assignment Help proper strategy for the growth and success of a business can only be formulated and adopted if the internal and the external environments related to the economic aspect of that business organization are thoroughly analyzed and evaluated. The analysis of the internal environment should be conducted on the basis of the strengths and weaknesses of that environment. Whereas the analysis of the internal environment may seem to be a rather simple and straightforward job for the organizations, the analysis of the external environment is quite complex and laden with a number of peculiarities. This is because of the fact that the analysis of the external environment should not only be based on the general analysis of the external environment but also on the critical understanding of the market competition, the competitive entities, the viability of the implemented strategies to handle the level of competition, and the threats and opportunities involved in the scenario that is being analyzed(De Giovanni, 2012) . Therefore, it is a critical process which needs immense effort. However, successful business strategies can be adapted and developed by the collection of proper analysis of both the internal and the external economic environments related to an organization. Furthermore, it is also important for an organization to properly identify and evaluate the core resources of the organization, the fields of the core competency, the level of the capability, thorough analysis of the value chain and its relationship with the capabilities and the available resources of that organization (Menguc, Auh, & Ozanne, 2009). This paper attempts to critically analyze the internal and the external economic environment of the Apple Inc., a leading brand from the information technology sector on the global scenario, in order to develop a proper understanding of the impact of these environments on the organizational operations of the company and how the potential strategies can be developed and implemented in to properly handle the implications and ensure the organizational success.

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Economic Environments Assignment Help

Introduction

Economic Environments Assignment Help proper strategy for the growth and success of a business can only be formulated and adopted if the internal and the external environments Economic Environments Assignment Helprelated to the economic aspect of that business organization are thoroughly analyzed and evaluated. The analysis of the internal environment should be conducted on the basis of the strengths and weaknesses of that environment. Whereas the analysis of the internal environment may seem to be a rather simple and straightforward job for the organizations, the analysis of the external environment is quite complex and laden with a number of peculiarities. This is because of the fact that the analysis of the external environment should not only be based on the general analysis of the external environment but also on the critical understanding of the market competition, the competitive entities, the viability of the implemented strategies to handle the level of competition, and the threats and opportunities involved in the scenario that is being analyzed(De Giovanni, 2012) . Therefore, it is a critical process which needs immense effort. However, successful business strategies can be adapted and developed by the collection of proper analysis of both the internal and the external economic environments related to an organization. Furthermore, it is also important for an organization to properly identify and evaluate the core resources of the organization, the fields of the core competency, the level of the capability, thorough analysis of the value chain and its relationship with the capabilities and the available resources of that organization (Menguc, Auh, & Ozanne, 2009). This paper attempts to critically analyze the internal and the external economic environment of the Apple Inc., a leading brand from the information technology sector on the global scenario, in order to develop a proper understanding of the impact of these environments on the organizational operations of the company and how the potential strategies can be developed and implemented in to properly handle the implications and ensure the organizational success.

Background and Products of Apple Inc.

Apple Inc. is a multinational organization that initially started its operations as a manufacturer and seller of the computers but it later developed its organizational operations and went on to become one of the leading manufacturers, distributors and sellers of consumer electronics, software, and several kinds of web-based services. In 1976, this company was established by Steve Jobs, Steve Wozniak and Ronald Wayne with a purpose to manufacture and sell personal computers (Rawlinson, 2016). However, it shifted its focus to the sector of the consumer electronics within a year. In 1991, the Apple Inc. introduced its power book product to the market. This product is generally considered as the layout of the designs of the modern laptops. The first online store of this company was introduced in 1997. In 1998, this company brought a revolution to the market of the computers when the iMac computers were introduced and immediately met with immense success and popularity (Linzmayer, 2004). The Apple Inc. open its first set of the retail stores in Virginia and California states of the United States of America in the year of 2001 (Lashinsky, 2012). Currently, almost 115,000 people work under the organization of the Apple Inc. throughout the whole world as the full-time employees and it has about 480 retail stores that are situated around seventeen countries across the globe (Yu, 2015). In the previous fiscal year that ended in the month of September in 2015, the total revenue of the Apple Inc. collected throughout the world measured in about 233 billion USD (Apple Inc, 2016). Apple is popular for its wide range of products and services. In 2001, Apple introduced a music player titled iPod and it immediately became a huge success. In 2006, Mac Book Pro was introduced to the market. This product was a computer in which the Apple used the intel chip for the first time (Montgomerie & Roscoe, 2013). The widely popular iPhone and Apple TV were introduced by Apple in 2007. The revolutionary iPad was introduced to the market in 2010. As of now, the Mac computers, iPad, iPhone and iPad are among the most popular and critically successful products that are manufactured and sold by the Apple Inc (Halliday, 2016). Apple also produces a smart-watch, laden with a number of technical features and advantages, named as the Apple watch. This company is also well-known for producing and distributing a number of software suits such as iLife and iWork (Montgomerie & Roscoe, 2013). Moreover, all of the mobile smart-phones and tablets, produced by the Apple, use a distinguished operating system named as the iOS. Apple has also developed the media player named iTunes and the web-browser named Safari. Apple hosts a online cloud storage and productivity database titled the iCloud. Other online services offered and operated by the Apple Inc. are the Mac App Store, iOS App store and the specifically customized store for the iTunes.  It has a global brand value that has helped this company to attain a number of feats of success. But in the current scenario, the products and services offered by the Apple Inc. are facing tough competition from several other globally established and recognized brands. Therefore, it would be really critical and vital to analyze the internal and the external environments of the Apple Inc. so that the policy makers and the decision shapers develop a proper understanding of the current scenario on a wholesome level in order formulate potential strategies to not only ensure its survival but also to enhance the level of success of this organization.

Economic Environments Assignment Help

Mission and Vision of Apple

Apple has based its operations on some determined standards of mission and vision. Such determinEconomic Environments Assignment Helped standards help this company to operate according to some specified guidelines related to some fixed goals and objectives in order to become a successful organization on a wholesome level. Moreover, the mission and vision of this organization help to motivate the employees so that they continue to effectively contribute to the company’s growth and introduce various kinds of innovations in order to gain significant competitive advantage. The mission of Apple is clearly reflected by the implemented strategies and the products that are manufactured and distributed by this company. It sets the pathway for the operations by defining and determining the objective of the company. It is intricately related to the designs of various kinds of products. These designs are considered to be the standard baselines upon which the future operations of Apple should be based on. Apple clearly wants to establish itself as the leader in the mobile and computing market on the global level. The company is also focused on conducting critical and extensive research on this particular segment so that new products can be introduced and the existing products can be further developed in a progressive and sustainable manner (Jose, 2014). The main focus of the mission of Apple is on the mobile media and it includes extraordinary mobile devices, online applications, and integrated software services. The mission of the Apple helps this company as well as the business analysts to have a proper understanding of the situation of this company in this current market as well as what this company plans to do in future in order to achieve higher growth. However, it is quite difficult to assess the possibilities for this company in the current market because this company itself has not specified any particular policy. However, it is important to note that the current official mission of the Apple Inc. has somewhat deflected from the original mission as was specified by Steve Jobs. Under the authority of Steve Jobs, the mission of Apple was to introduce tools and devices that best suits the development of the human minds so that the company can effectively contribute to the growth of the society by boosting the progress of the mankind. But currently, the mission of Apple is specifically based on the development of the products and services from a peculiar end of the business.

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