Evaluation of Growth and Expansion Strategies in Apple Company
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Added on  2023/01/19
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This article evaluates the growth and expansion strategies implemented by Apple company, including its expansion strategy and the suitability, feasibility, and acceptability of these strategies. It also discusses the impact of these strategies on the organization's performance and popularity.
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1 Running head: INTERNATIONAL BUSINESS MANAGEMENT International Business Managment Name Institution Author’s Note
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2 INTERNATIONAL BUSINESSS MANAGMENT APPLE COMPANY Introduction Apple company is one of the most reputable organizations that has been able to gain popularity across large in various parts of the world. Moreover, the organization has been on the fore front to offer adequate and reliable services to all the customers by providing them with quality materials that are long lasting irrespective of their areas of residence across the entire world (Al Hamed & Alenezi, 2016). On the other hand, the senior management team has been on the verge to adequately implement adequate and reliable strategies that are geared towards taking the whole organization to the next level thus ensuring that various goals are adequately met within the stipulated time frame. It is an organization that is known to be capable of manufacturing a wide variety of products with the major products being the apple iPhones that have adequately dominated the entire market platform as a result of the stiff competition that the products have been able to offer to several other products within the market platform (Al-Najjar & Kilincarslan, 2016). An evaluation of the growth associated with Apple organization The top management team for the organization has been on the forefront to ensure that the entire organization is capable of scaling up to greater heights in order to ensure that there is an adequate and reliable growth in terms of its performance. Due to this, quite a number of advanced strategies have been put into consideration through the implementation of various parameters thus ensuring that adequate growth in addressed in real time. As a result of its growth, the entire organization has been able to carry out an expansion of its products and services across various markets thereby being able to reach a large number of targeted
3 INTERNATIONAL BUSINESSS MANAGMENT individuals within the stipulated time frame. Moreover, there have been quite a number of key players within the organization that have been able to carry out quite a number of essential operations to ensure that the entire organization is capable of attaining its objectives in real time. The stakeholders are among the key players as far as this situation is concerned where they have been able to offer one of the most adequate and reliable recommendations to the top management team regarding what they should be doing in order to attain one of the most essential growths as far as the operations of the organization are concerned (González-Cruz & Cruz-Ros, 2016). One of the most interesting things that are attached to Apple growth story is that few personalities were able to forecast that Apple would actually scale up its revenue through the sales of various types of hardware. At the same time, many individuals also came on board and clearly postulated that various services would emerge as the major growth engine for the entire Apple organization (Gupt & Bhaskar, 2016). As it turns out, various issues are turning out in a different manner since for 12 months down the line; IPhone has been adequately responsible for approximately 57% of the growth of entire Apple organization. This has been followed very closely by various services that appears to be the second largest revenue drivers that covers an approximation of 23% of year over year revenue growth that is attached to the entire Apple organization. Additionally, as far as growth is concerned, quite a number of wearable have been able to clearly represent an approximation of 11% of the entire growth of the organization (Habidin et al., 2016). Expansion strategy being implemented by the organization The organization is known to have implemented quite a number of expansion strategies that aims towards bringing on board an adequate and reliable growth to the entire organization for it to reach out to large number of consumers within a short time frame. One of the major
4 INTERNATIONAL BUSINESSS MANAGMENT expansion strategies pursued by the organization is the adoption of a clear product strategy within the market platform. Through this, Apple has been able to come up with a leading age product that has been able to encourage the top management officials to carry out new expansions in various countries and regions (O’Neill, Sohal & Teng, 2016). Moreover, it has been able to fully utilize various associates who are found in various overseas markets with an intention of monitoring various types of new developments together with maintaining an adequate contact with a variety of decision makers (Manikandan & Ramachandran, 2015). On the other hand, the second expansion strategy is to partner up. Before carrying out quite a number of global expansion initiatives within Apple organization, the entire top management officials have been on the fore front to make sure that they are capable of protecting the entire organization by partnering with various top managed companies whose primary focus mainly involves recognizing quite a number of warning signs and being able to adequately understand some of the potential risks that are likely to emerge within the market platform (Randhawa, Wilden & Hohberger, 2016). Finally, Apple management team has been on the verge of making sure that the entire organization emerges as proactive organization in order to ensure that its expansion is adequately implemented (Halkos & Skouloudis, 2016). Global expansion appears to be a major parameter of any business plan. Establishing an advanced form of entry into another country appears to be a long term plan for the entire organization. Due to this, apple has been able to one of the most fundamental proactive approaches when entering a variety of new markets located in various regions across the world. Through this, it has been able to come up with an adequate and reliable research by making sure that all its employees together with several other relevant teams are fully aligned with the organization’s long term strategic plan (Maengwe & Otuya, 2016).
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6 INTERNATIONAL BUSINESSS MANAGMENT without any barrier related condition being encountered during various aspects of operations that are capable of taking place within the market platform. Conclusion Growth and expansion strategy within an organization is one of the most essential issues that should be clearly addressed by the top management team. Creating a reasonable relationship with all the employees of the organization will ensure that the entire organization is capable of growing to greater heights thus meeting the needs of all the customers (Ogunyomi & Bruning, 2016). Moreover, the implementation of a good number of ethical considerations under various aspects of growth and expansion strategies is set to come up with one of the most reasonable boundaries between the organization and targeted customers thus giving them an easy time to appropriately understand how the entire organization is capable of carrying out various mode of operations in order to obtain quite a number of objectives in real time. In conclusion, both growth and expansion strategies form one of the major pillars that are associated with the development of an organization thereby giving it one of the best opportunities to gain popularity across various groups of individuals.
7 INTERNATIONAL BUSINESSS MANAGMENT References Al Hamed, T., & Alenezi, M. (2016). Business continuity management & disaster recovery capabilities in Saudi Arabia ICT Businesses.International Journal of Hybrid Information Technology,9(11), 99-126. Al-Najjar, B., & Kilincarslan, E. (2016). The effect of ownership structure on dividend policy: evidence from Turkey.Corporate Governance: The international journal of business in society,16(1), 135-161. González-Cruz, T. F., & Cruz-Ros, S. (2016). When does family involvement produce superior performance in SME family business?.Journal of Business Research,69(4), 1452-1457. Gupta, S., & Bhaskar, A. U. (2016). Doing business in India: cross-cultural issues in managing human resources.Cross Cultural & Strategic Management,23(1), 184-204. Habidin, N. F., Salleh, M. I., Md Latip, N. A., Azman, M. N. A., & Mohd Fuzi, N. (2016). Lean six sigma performance improvement tool for automotive suppliers.Journal of Industrial and Production Engineering,33(4), 215-235. Halkos, G., & Skouloudis, A. (2016). Exploring the current status and key determinants of corporate disclosure on climate change: Evidence from the Greek business sector. Environmental Science & Policy,56, 22-31. Maengwe, J. O., & Otuya, W. I. (2016). A critical review on micro-financing of small businesses in Kenya.Pyrex Journal of Business and Finance Management Research,2(2), 6-11.
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