Apple Inc.
Apple Inc. Corporation utilizes of the master learning program goals as well as learning outcomes in different ways in its daily operations. The corporation aims at developing the oral skills of the employees in order to create better relations with suppliers and consumers. One of the major goals of the master’s program is to develop oral skills of communication. Communication is one of the most important parts of conducting business. Effective communication helps in the development of favorable working conditions since tasks and objectives are communicated effectively to individuals (Apple, 2016). In addition, the corporation encourages critical thinking because it generally believes in innovation and creativity. The corporation accomplishes this by ensuring that all the employees are provided with opportunities to raise their ideas. In addition, it offers different issues for the employees to develop their creative and individuals solutions. Through this those that develops the best solutions are always rewarded which intensifies the ability of individuals to think critically as the rewards as motivation (Horngren, Datar, & Rajan, 2015). The corporation additionally encourages analytical operations in which employees are encouraged to analyses the needs in the market so that the corporation can develop devices that fit their needs. Learning to understand the market concepts and needs helps in better research based on the acquired knowledge. The understanding of concepts and needs is then demonstrated in the different thoughts and solutions that the corporation develops. For the longest period, the company has been regarded as the most effective in terms of producing effective and innovative products that generates much consumer satisfaction. Through the success, the company has effectively been able to utilize the master’s learning outcomes as well as goals in its operation thus achieving market success.
Critical success factor can be described as a management term that is required for an organization or the progress of a project to achieve its stated mission. This is a critical factor or a project’s activity that is required by any business in order to achieve the success of the stated objectives. These factors help the business in the identification of business areas that the organization should focus on fully (Apple, 2016). In this critical success, the factor can be defined as the restricted number of sections in which the satisfactory of the generated result will generate a competitive person for individuals and the whole organization. In order for the business to achieve success, it is highly required to have several essential things that play a huge part in the determination of performance. The essential things are people, purpose, processes, physical resources, and consumers. In the context of people, these are the persons that ensure that all the operations of an organization are successful. In addition, the corporation is required to have a focused objective for being organized. There must also be activities in which individuals are involved in the quest of fulfilling their objective. This, therefore, requires the availability of consumers who are fully willing to pay the stated prices in acquiring the corporation’s product and a location where the employees can work effectively. However these are not the things that are responsible for success but what the corporation fully gets involved in (Horngren, Datar, & Rajan, 2015). The key success factors for Apple Corporation includes managing and people’s development, strategic objective, daily operations, physical resources and consumer relations. The corporation shows evidence of the factors of success (Apple, 2016).
In the context of managing and people’s development, the company holds well-structured and directed personnel’s who are given adequate freedom and motivation in the quest of developing their work and personal skills. In managing individuals effectively it is essential for the corporation to balance compelling forces with liberating aspects (Apple, 2016). The organization leaders are required to offer guidance to all the employees based on the fact that each individual in the organization holds different needs set interests and this, therefore, means that effective leaders should apply the same governance to all individuals. They offer management to all people based on the individual's need and their general motivation. This always seems to be a complicated thing but the apple corporation is adeptly doing this (Horngren, Datar, & Rajan, 2015).
In the rapid transforming, the world having an objective an organization is not enough. This is because the organization leaders are highly necessitated to focus all the resources in the organization on those opportunities that hold greater value (Benner, 2016). This, in other words, is term as strategic approaches which are highly flexible. There are constant changes that are characterizing the economic market in the international market today. Consumers’ expectations and trends keep changing and this thus requires the adoption of a strategic method (Apple, 2016). It is, therefore, a requirement for organization leaders to focus fully on the desired results such has developing sales, maximization of profit, consumer’s satisfaction and attaining a more competitive position in the market. The responsibilities of the focused leaders are to ensure that the success factors are aligned and linked together in order to maximize the general performance.
Operations of those things that individuals engage in are also a success determining factor. This is because the operations help in the creation of consumer’s value that is the key success determinant. Operations cannot be separated from the strategic focus of the general business as the objectives help in offering direction for daily operations (Horngren, Datar, & Rajan, 2015). Effective operations are thus meant to ensure that consumers accurately acquire everything that they want at the stated time period, actual quality and the actual price. Effective management of operations in an organization is mainly objected on the so-called cycle period. This is the act of generating products from the beginning up to the end while controlling both quality and cost simultaneously. The strategic objective is purely oriented but it necessitates constant effort (Apple, 2016). This, therefore, raises the fact that communication is highly needed in achieving efficiency in an organization. This refers to the high information flow to ensure that every one operation and every individual is directly connected.
For Apple facilities, finances, as well as equipment, are the largest existing physical resources (Apple, 2016). With adequate finances, the corporation is fully able to sustain the business. one of the largest and critical expense that the corporation incur is the provision of adequate equipment and facilities for individuals without interference. This clearly shows that without cash business operations may not operate effectively. The much that is owed by the corporation by the consumers does not matter as what really matters is the finances in the bank that can be used to fund operations. For Apple, it believes that business failure is achieved when an organization falls out of finances. The economy is characterized by rapid changes and in adopting of these changed the corporation should be able to maintain and sustain different projects (Benner, 2016).
Apple Corporation holds a positive consumer relation where the money to run operations are generated and this is an essential success factor. The purpose of the corporation is mainly to attract and retain consumers (Bennie, & Mozur, 2016). A healthy consumer value for the organization is achieved through meeting the expectations and the changing market trends. Through offering quality and valuable brands that completely meets the needs of consumers the corporation is fully able to create a favorable consumer value. Consumers are gathered best using effective marketing strategies such as sales promotion for the corporation. In developing an effective consumer relation they key thing is providing them with what they generally what and what the corporation needs. Effective marketing, therefore, begins by conducting effective research on the needs of the consumers, the existing trends, and preferences and what are some of the issues that they want the product to solve. By acquiring this information from the products consumers this helps the corporation in developing consumer loyalty thus gaining a better position in the market than the competitors (Benner, 2016). Consumer relation is the external connection of the corporation to the outside world which can help in tracking competitors operations and analyzing all the market’s surrounding changes and adequate adaptation.
Constraint theory is an approach that is utilized in the identification of the most significant limiting aspects that hinders the capability of an organization in achieving the stated goal (Chan, Pun, & Selden, 2013). With the identification, the corporation is able to develop based on the constraint until the hindrance is gone for the apple corporation the major limiting factor has always been competition and innovativeness. The primary objective of the corporation is to develop a sustainable profit in today’s market as well as in the future. Therefore developing high-quality products for the corporation is not only a priority by the major objective. The corporation, therefore, works at ensuring that there is a balance between its production and sales. This is to avoid utilizes more cost in production that may reduce the general profit. Workflow balance is also a major priority of the corporation mainly because quality production is fully determined by operations to flow (Chan, Pun, & Selden, 2013). Through this, the corporation aims at increasing its general sales value to cater for the operations and increase the generation of profit. For the corporations, the invested that are made in the development of inventories of equipment and raw materials are generally valued through the purchasing cost. The operations are directed linked to the products prices in the exclusion of the prices that are utilized in purchasing materials. The general products prices additionally act as a constraint to the operations of the company since the competitors offer their products at lower prices. The corporation is currently overcoming the challenge through product and prices differentiation to avoid losing consumers.
In the economic market today, it is clear that managers have established the impacts that can result from a performance by measures. A balanced scorecard can be described as a theory that measures the activities of the corporation in the context of strategies and vision in order to provide managers with a performance view that is more comprehensive in the business context. This enables the companies to clarify their approach and vision thus transforming them into practical actions (Farahani, Rezapour, Drezner, & Fallah, 2014). Through the utilization of a balanced scorecard, Apple Corporation has been able to achieve consumer satisfaction, process as well as financial growth. The use of a balanced scorecard has helped the corporation in attaining a competitive advantage. Despite the fact that the technology market is characterized by stiff competition Apple Corporation has been able to overcome the subjected challenges through focusing on meeting the needs and satisfaction of the consumers. Unlike the opponents who are fully objected and developing their revenues, the corporation has been able to gain consumer loyalty and increased sales through making consumers as the major priority. The corporation has additionally been able to achieve a well-organized management with more focused organization aims and options which help in adapting to the rapid market transformations (Farahani, Rezapour, Drezner, & Fallah, 2014). This is influenced by the change of consumer’s preferences needs as well as expectations. In addition, the strategy helps the corporation in being objective as this strategy helps in gathering relevant information that helps in products development. Through this, the corporation is fully able to understand the market and how best it can increase its sales in a unique approach distinct from the competitors. This facilitates effective communication and team work thus resulting in quality, effective production and relations (Chan, Pun, & Selden, 2013).
The general thought of value chain is grounded on the procedural view of a particular organization. This is the thought of viewing the manufacturing services as a general system. The activities of the value chain are performed by an organization in the determination of cost as well as profit implications (Chan, Pun, & Selden, 2013). For the Apple corporation, the most significant chain value operations are human resource administration, technological development , sales and marketing , procurement , service as well as logistics. Inbound and outbound logistics are some of the important value chain operations because the corporation believes in developing better relations with suppliers and distributor. This helps in marketing through effective communication. Marketing, as well as sales, is an important activity for the corporation as it aims at satisfying the general needs of consumers. Therefore it conducts different activities in informing the consumers about services and products thus inducing them to buy and develop the rate of the general sales. Procurement is also considered as important because this involves the acquisitions of materials that are required for production. Human resource administration is the most important activity of the corporation. This is because production and all other activities in an organization are fully determined by human labor (Chan, Pun, & Selden, 2013). It is, therefore, important to ensure that the employees are always motivated and taken care off. The corporation achieves these through incentives, rewards, and promotion. Technological development is another activity that cannot be ignored by the corporation as its success is mainly based on technological development. This generally involves software, hardware, procedures, equipment as well as technical and practical knowledge of transforming the final products.
Consume delivered value is described as the difference that exists amid the total consumer value and the general consumer cost (Chan, Pun, & Selden, 2013). In other words, this is the final value that is provided to the consumer from buying or utilizing the organization's product from subtracting the general cost from the general consumer value (Apple, 2016). The final value that is given to the consumers of Apple’s products can be regarded as high. This is because through innovativeness the corporation works at ensuring that the needs of consumers in the market are fully met. Through this the value that the consumer's gains from subtracting the cost of purchase from value can be regarded as favorable. The products are normally characterized by quality, innovativeness, and high cost. Through the high-cost, consumers can thus be able to substrate the cost from the value which is positive (Farahani, Rezapour, Drezner, & Fallah, 2014). The delivered value to the consumers through the offered goods as well as services should always be positive. This is because the value is an indication of satisfaction which helps in gaining consumer loyalty. Despite the high cost of products, the corporation is able to increase consumer delivered value through offering quality brands, services as well as solutions to the general needs of the consumers.
Quality cost generally refers to total quality coast quantification that is connected to deficiencies and efforts. In short, this is the price that is involved in the development of quality (Bennie, & Mozur, 2016). Apple Corporation incurs a quality cost that can best be described as good quality cost. This is the general cost that the corporation incurs in assessment and avoidance of things such as error proofing , employees training, quality operations, quality planning, innovations growth among others (Apple, 2016). This cost is acquired by the corporation based on the fact that its products productions are not free from weaknesses because they are based on technology. The quality cost that is incurred by Apple Corporation can be divided into two sections that are appraisal and avoidance costs. Appraisal in utilized in motivating the employees to increase efficiency and productivity, the avoidance cost is incurred through the elimination of errors that may be developed during the general process of developing products.
References
Apple Inc. (2016). Apple Inc. Retrieved from http://www.annualreports.com/Company/apple-inc
Charles T. Horngren, Srikant M. Datar, & Madhav V. Rajan. (2015). Cost Accounting. A Managerial Emphasis. Pearson Education.
Bennie, K & Mozur, P. (2016). Apple Sees Value in Its Stand to Protect Security. Retrieved from http://www.nytimes.com/2016/02/21/technology/apple-sees-value-in-privacy-vow.html?_r=0
Benner, K. (2016). Looking for Signs That Apple’s Runaway Growth Is Waning. Retrieved from http://www.nytimes.com/2016/01/25/technology/looking-for-signs-that-apples-runaway-growth-is-waning.html
Chan, J., Pun, N., & Selden, M. (2013). The politics of global production: Apple, Foxconn and China's new working class. New Technology, Work and Employment, 28(2), 100-115.
Farahani, R. Z., Rezapour, S., Drezner, T., & Fallah, S. (2014). Competitive supply chain network design: An overview of classifications, models, solution techniques and applications. Omega, 45, 92-118.
