Principles of Business Assignment: Apple Inc. Functions and Strategies

This report provides a comprehensive analysis of Apple Inc., examining its business functions, including accounting, finance, information systems, management, and marketing. It explores the advantages and disadvantages of company ownership, along with the domestic and international business environments, considering social, technological, legal, ethical, economic, and competitive factors. The report delves into the company's ethical practices, business situations, financial condition, and its integrity, ethics, and social responsibility, particularly in leadership and management. It also outlines Apple's nature, functions, mission statement, and company vision, followed by a SWOT analysis. The report references key sources and provides a thorough overview of Apple Inc.'s operations and strategies.

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Management
(Apple Inc.)
Scholar ID:

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 Business’s functions of accounting
 The function of accounting in Apple Inc is to
provide the accounting data to their business
stakeholders, investors, management as well
as, creditors.
 Managers should provide feasibly and well-
timed accounting information to create
intelligent decisions as well as, accountant is
an individual who produces this data
(Chikhale, & Mansouri, 2015).
Discussion on functions of business


Business’s functions of finance


Business’s functions of
information systems


Business’s functions of
management


Business’s functions of marketing

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 Advantages of ownership
 Smart Money Involvement
 Institutions Can Be Good Citizen Shareholders
 Institutions Market the Stock
 Disadvantages of ownership
 Inconsistency can avoid
 Selling Leads to Excess Supply
Explain the type of ownership; including
the advantages and disadvantages


Social and technological
Social factor
 Brand acquisition in different nations
 Potential marketing opportunity in global nation
 An accessory related to high status lifestyle
Technological factors
 Competitors use same technology as Woolworths
 Restricted market in relation to launching the new
product
 Preferences to screen size
 Assessing the mind of consumers
Identify and explain the domestic and
international business/companies
environment


 Legal and ethical
 Consumer law
 Discrimination law
 Employment law
 Health and safety law
 Antitrust law
 Employment law
Cont’d


 Ethics
 Integrity in business
 Exposing the data
 Security for intellectual property
 Whistleblower safety as well as security
Cont’d


 Economic and competitive
 Customers spend low on Apple products
because they are costly as compared to key
market participants
 Europe’s economic complexities and declining
Pound led to decline in sales of Apple products
in Europe
Cont’d


 International
Cont’d


Discuss the importance as well as, effects of
ethical practices that the company utilizes


 Providing minimum compensation rate to
employees
 Negative working atmospheres
 Environmental risks in supplier factories
 Increasing rate of suicides of workers due to
intensive work regimes in factories and it can
impact on business operation of Apple Inc.
Discussion on company’s business situations


Describe the company’s
basic financial condition


 Company’s integrity
 Apple is making efforts for providing quality
assurance to workforces and those people,
with which, they deals in the future.
 It supports in business success related to
delivering high-quality products and services,
creating innovative, as well as, demonstrating
integrity in every business communications.
Evaluation of company’s integrity, ethics, and social responsibility


 Ethics
Cont’d


 Safe working conditions
 Use environmentally responsible
manufacturing
 Disclosure of data
 Protection of intellectual property
 Treat employees with respect and dignity
(Wallen, et. al., 2016).
Social responsibility related to leadership and management


 Company nature
Explain the company’s nature and functions
of, mission statement, and company vision.


 Management philosophy
Cont’d


 Apple designs personal computers as well as,
Macs at Global level together with, OSX, iLife,
iWork as well as, professional software.
 It aids in revolution of digital music such as,
iTunes online stores as well as, iPods.
 It has reinvested into mobile as well as, in its
revolutionary App store and iPhone .
 It will focus on computing systems with iPad
with better quality in Future (Garton, et. al.,
2018).
Mission statement


 Apple is “committed to delivering the best
personal computing practice to educators,
creative professionals, students, and
consumers in around globe through its
hardware, innovative software, as well as,
internet offerings”.
Company vision


Identify companies (SWOT) strengths,
weaknesses, opportunities, and threats of other
competitors in their line of businesses.


 Chikhale, M. M., & Mansouri, M. (2015). An agile and
collaborative framework for effective governance to enhance
management in large-scale enterprise business systems: The
case of Apple Inc. Global Journal of Flexible Systems
Management, 16(3), 283-293.
 Garton, W. J., Mazzola, M., Dasgupta, N., Alexander, T. R., &
Miles, C. A. (2018). Efficacy of excision, cauterization, and
fungicides for management of apple anthracnose canker in
maritime climate. HortTechnology, 28(6), 728-736.
 Wallen, M. P., Gomersall, S. R., Keating, S. E., Wisløff, U., &
Coombes, J. S. (2016). Accuracy of heart rate watches:
implications for weight management. PloS one, 11(5),
e0154420.
References