Business Strategy for Apple: Applying Porter's Five Forces Model
Verified
Added on 2023/06/18
|8
|274
|266
AI Summary
This presentation discusses the importance of strategic management in an organization and how Apple uses Porter's five forces model to attain competitive advantages.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Business Strategy
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Content Introduction Porter’s five forces Conclusion References
Introduction Strategicmanagementinvolvesformulationand implementation of major goals and initiatives which is taken by management on behalf of shareholders. For each organization it is important to have strategic planning as it understand the requirement and allocate work between employees that supports to develop organizational productivity
Applying porter's five forces model evaluate the competitive forces of a given market sector for Apple Porter's five forces This can be explained as model which uses by organization to state strength and weakness for maintaining higher performance. Apple is larger organization that offers new design and features of phones with best quality. The organization is using porter’s five force model for shape the company operations. •Competition in the industry- (HIGH) •New entrants in the industry- (LOW)
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continue.. •Bargaining Power of supplier- (HIGH) •Bargaining Power of customers- (LOW) •Threat of substitute products-(moderate)
Conclusion From the analysis of above presentation, it can be concluded that the strategy management plays an major role in the given company's operation. Porter’s five forces used by Apple to attain competitive advantages.
References Dzhandzhugazova, E. A., and et.al., 2019. Innovative activity as a tool for the development of environmental industries in Russian Federation. EurAsian Journal of BioSciences, 13(2). Aliekperov, A., 2021. Creating Business and Corporate Strategy: An Integrated Strategic System. Routledge.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.