Hello! I Need The Below Assignment By July 15 At 7 PM Easter
Helloi Need The Below Assignment By 6 Jul 15 By 7 Pm Eastern Timei Ha
Hello I need the below assignment by 6 Jul 15 by 7 pm eastern time I have additional document need to complete this assignment that willl be in the actually post Review the example SWOT Analyses located in this week's Electronic Reserve Readings to see the types of information companies include. Complete the following tasks in the University of Phoenix Material: Organizational Planning Worksheet. Cite your resources. Part One (hand in early): Select a Fortune 500 company. Research the selected company by first clicking on the Business Source Complete: SWOT Analyses link in this week's Electronic Reserve Readings.
Note that additional research is needed to complete this assignment. Identify the company's internal and external stakeholders. Identify the company's goals and identify the following, specifically: The company's mission and vision At least one goal that can be accomplished through a strategic plan At least one goal that can be accomplished through an operational plan Conduct a SWOT analysis on the selected company Part Two: Write a paper that creates strategic and operational plans based on the SWOT analysis, and includes explanations for the following: How these plans will achieve the related goals The effect of planning decisions on the internal and external stakeholders identified Required Elements: No more than 700 words Cite research in your paper to support your writing Format your paper consistent with APA guidelines
Paper For Above instruction
The strategic and operational planning process is essential for guiding a company towards its long-term success and sustainability. For this assignment, I have selected a Fortune 500 company—Apple Inc.—and conducted an analysis based on its internal and external environment to develop targeted strategic and operational plans. These plans are designed to leverage Apple’s strengths, mitigate weaknesses, capitalize on opportunities, and address threats identified through a comprehensive SWOT analysis.
Internal and External Stakeholders
Apple’s internal stakeholders primarily include employees, management, shareholders, and board members who influence and are affected by company decisions. External stakeholders encompass customers, suppliers, channel partners, competitors, government agencies, and the wider community. Understanding these stakeholders enables Apple to align its strategic goals with stakeholder expectations, fostering sustainability and growth.
Goals, Mission, and Vision
Apple’s mission statement emphasizes innovation and user-centric design: "To bring the best user experience to its customers through its innovative hardware, software, and services" (Apple Inc., 2023). Its vision is to be the most innovative company that enriches people's lives through technology. A strategic goal identified for Apple is expanding its services segment, including Apple TV+, Apple Music, and iCloud, which can be achieved through strategic planning initiatives aimed at increasing subscription revenues. Operationally, Apple aims to streamline its supply chain to reduce costs and improve product delivery times.
SWOT Analysis of Apple Inc.
- Strengths: Strong brand reputation, innovative product lineup, loyal customer base, extensive ecosystem integration, robust financial performance.
- Weaknesses: High product prices, dependence on iPhone sales, occasional supply chain disruptions, limited product diversity outside core offerings.
- Opportunities: Growth in 5G technology, expansion into emerging markets, increasing demand for services, potential for new product categories such as wearables and smart home devices.
- Threats: Intense competition in tech industry, regulatory scrutiny, global supply chain uncertainties, rapid technological changes.
Strategic and Operational Plans
Based on the SWOT analysis, Apple’s strategic plan focuses on expanding its service offerings and entering new product markets. A key strategic initiative involves increasing investment in original content for Apple TV+ to boost subscriptions and customer engagement. This aligns with the goal of diversifying revenue streams beyond hardware sales. To support this, Apple also plans to enhance its ecosystem integration, making its devices and services more interconnected to increase customer lock-in.
Operationally, Apple aims to optimize its supply chain by adopting advanced inventory management techniques, such as just-in-time inventory, to reduce costs and minimize disruptions. Investing in supplier diversification is also a priority to mitigate risks associated with geopolitical tensions and supply chain disturbances.
These plans will facilitate achieving Apple’s goals by creating a seamless customer experience that encourages loyalty and increases revenue. For example, expanding services directly correlates with the goal of increasing subscription revenue, while supply chain improvements support operational efficiency.
The planning decisions will have significant effects on stakeholders. Internally, employees and management are positively impacted through clearer objectives and resource allocation aligned with strategic focus areas. Externally, customers benefit from improved product delivery and innovative services, while suppliers may experience increased collaboration and demands for higher standards. Additionally, stakeholders such as regulators may influence planning through compliance requirements, emphasizing the need for Apple to maintain ethical and sustainable practices.
Conclusion
Strategic and operational planning are fundamental for positioning a company like Apple in a competitive landscape. By analyzing internal and external factors via SWOT, Apple can develop targeted plans that promote growth, adaptability, and stakeholder value. The success of these plans hinges on comprehensive understanding, effective execution, and continuous review to respond to ever-changing technological and market conditions.
References
- Apple Inc. (2023). Annual Report. https://investor.apple.com
- Johnson, G., Scholes, K., & Whittington, R. (2017). Exploring Strategy (11th ed.). Pearson.
- Kaplan, R. S., & Norton, D. P. (2001). The Strategy-Focused Organization. Harvard Business Review, 79(5), 72–80.
- Porter, M. E. (1985). Competitive Advantage. Free Press.
- Barney, J. B. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99–120.
- Prahalad, C. K., & Hamel, G. (1990). The Core Competence of the Corporation. Harvard Business Review, 68(3), 79–91.
- Chaffey, D., & Ellis-Chadwick, F. (2019). Digital Marketing (7th ed.). Pearson.
- Mintzberg, H. (1994). The Rise and Fall of Strategic Planning. Free Press.
- Grant, R. M. (2019). Contemporary Strategy Analysis (10th ed.). Wiley.
- Smith, P. R., & Zook, Z. (2016). Marketing Communications: Integrating Offline and Online. Kogan Page.