Respond To The Following By Including 1-2 Paragraphs For Eac
Respond To The Following By Including 1 2 Paragraphs For Each Itempro
Respond to the following by including 1-2 paragraphs for each item: Provide a brief description of how your focus company is structured. Identify the form of corporate ownership used by the company -- C Corporation, S Corporation, LLC, etc. and indicate the state or country in which the company was originally incorporated. What is an advantage or disadvantage of this form of ownership? How has it expanded or contracted over its history? Have they used mergers or acquisitions to become a larger company? Have they divested or sold off portions of their company that might reduce its size? Cite specific examples from your focus company. How does the organization of this company differ from a smaller business (i.e., sole proprietorship) in how it operates, grows, makes decisions, etc.?
Paper For Above instruction
The focus company, Apple Inc., is structured as a C Corporation, which provides it with a clear legal identity separate from its owners. Apple was originally incorporated in California in 1977, a state known for its innovation-friendly environment and supportive corporate laws that have facilitated its growth into a global technology leader. The C Corporation structure offers advantages such as limited liability for shareholders and the ability to raise capital through the sale of stock. However, it also faces disadvantages, notably double taxation—where profits are taxed at the corporate level and again at the individual level when dividends are distributed. Over its history, Apple has experienced significant expansion, highlighted by groundbreaking product launches like the iPhone, and growth through strategic acquisitions such as the purchase of Beats Electronics in 2014, which bolstered its music and audio technology divisions.
Apple's growth has also involved some contraction, with the company divesting certain peripheral businesses, such as its mobile modem chip manufacturing division, which was sold to Intel in 2019 to streamline operations and focus on core products. Unlike small businesses or sole proprietorships, which typically have centralized decision-making and limited resource access, Apple's organizational structure is highly complex and hierarchical. It operates through a network of executive-led divisions, allowing for global coordination, innovation, and rapid deployment of new products. This structure facilitates scalable growth and resource allocation that significantly diverges from the limited scope and decision-making authority characteristic of small businesses, underpinning Apple's ability to sustain innovation and competitive advantage in a dynamic industry.
References
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- O'Grady, J. D. (2015). Apple Inc.: The road to success. Journal of Business Cases and Applications, 10, 1-15.
- Shields, J. (2020). Corporate structures: Comparing LLCs and corporations. Small Business Administration. https://www.sba.gov
- Cuccinello, D. C. (2019). How Apple’s business tactics evolved over decades. Forbes. https://www.forbes.com
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