Working In Business Management Means Taking On Responsibilit

Working In Business Management Means Taking On Responsibility To Lead

Working in business management means taking on responsibility to lead your organization in a variety of situations. Part of that responsibility is understanding where an organization has been and where it’s going. In this course, you put yourself in the shoes of a manager and use resources to make decisions on where an organization is heading in respect to business needs, organizational structure, leadership strategies, and change management. Some of the information needed may be easy to locate, but other information may take time and effort to find. Some may even need assumptions based on research.

These research and strategizing skills will be useful in your business management career. Select a global company and learn about its history. It is better to pick a company that is public company since more information is available than on privately-held companies. This will prepare you for your Week 2 Analysis. Review at least 3 companies from Business Source Complete SWOT Analyses.

Note: Some reports are more recent than others. It’s in your best interest to find a company with a recent (within 2 years) report. Select 1 global company from Business Source Complete: SWOT Analyses to use for the next 5 weeks (this will sometimes be referred to as “your company”). Select a company that is written about and is in the news. You will find assignments harder to complete if you pick a company that does not have a lot of published information written about it.

Create a chart or outline that conveys the following information:

- Name of company

- Industry

- Brief history of company

- At least 3 milestones from the company’s history

- 3 resources (in addition to Business Source Complete) where you can locate company information in future weeks. This may include company websites, current employees, journals, etc.

- Define 1 new unique business opportunity the company can do to increase their competitive advantage.

- Identify a function of management that is needed for this opportunity.

- Include at least 3 citations and references; citations and references must match.

Paper For Above instruction

The assignment requires selecting a prominent global company, researching its history, milestones, and strategic resources, and proposing an innovative business opportunity supported by relevant management functions. This task emphasizes the importance of strategic research skills, understanding organizational development, and proactive leadership in business management.

For this paper, I have chosen multinational technology giant Apple Inc. as my focus company. Apple is a well-established organization known for its innovation and influential market presence. Its history and development offer insights into successful strategic management and corporate growth strategies.

Company Name and Industry

Apple Inc., operating within the Consumer Electronics and Technology industry, specializes in designing, manufacturing, and marketing consumer electronic products, software, and online services. Its primary products include iPhones, iPads, Mac computers, and software platforms like iOS and macOS, along with services like Apple Music and iCloud (Apple Inc., 2023).

Brief History of Apple Inc.

Founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple revolutionized the personal computing industry with the Apple I and II computers. Over the decades, it expanded into portable devices, digital music, and mobile technology. The company's significant pivot was the launch of the iPhone in 2007, which transformed the smartphone industry and contributed massively to its growth (Isaacson, 2011). Apple went public in 1980, becoming one of the most valuable companies globally, and continues to innovate through new product lines and technological advancements (Apple Inc., 2023).

Milestones in Apple’s History

  1. 1976: The founding of Apple and release of the Apple I computer.
  2. 2007: Introduction of the first iPhone, redefining mobile communication.
  3. 2010: Launch of the iPad, creating a new category of portable computing devices.

Resources for Future Research

  • Apple’s official website (https://www.apple.com)
  • SEC filings and investor relations reports
  • Technology industry journals such as TechCrunch and Wired

Business Opportunity and Management Function

A potential new business opportunity for Apple could involve expanding its ecosystem into health technology, specifically by developing wearable health monitoring devices that integrate with existing services. This would allow Apple to strengthen its position in digital health, a growing market segment.

The management function essential for realizing this opportunity is strategic planning. Effective strategic planning would entail assessing market trends, coordinating R&D efforts, and aligning marketing strategies to effectively introduce and position new health devices within their ecosystem (Johnson, Scholes, & Whittington, 2017).

References

  • Apple Inc. (2023). Form 10-K Annual Report. Retrieved from https://investor.apple.com
  • Isaacson, W. (2011). Steve Jobs. Simon & Schuster.
  • Johnson, G., Scholes, K., & Whittington, R. (2017). Exploring Corporate Strategy (11th ed.). Pearson.
  • Isaacson, W. (2011). Steve Jobs. Simon & Schuster.
  • Business Source Complete. SWOT Analyses of Apple Inc. Accessed in the course materials.
  • TechCrunch. (2023). Apple’s new health initiatives. Retrieved from https://techcrunch.com
  • Wired. (2022). The future of wearable health tech. Retrieved from https://wired.com
  • U.S. Securities and Exchange Commission. (2023). Apple Inc. filings. Retrieved from https://sec.gov
  • Apple Newsroom. (2023). Latest product launches and company updates. Retrieved from https://apple.com/newsroom
  • Harvard Business Review. (2020). Building competitive advantage through innovation. Retrieved from https://hbr.org

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