Apple manage8/17/2023 This is how the company comes up with innovative ideas and solutions. The function-based grouping and spoke-wheel hierarchy make innovation, and changes within a department easier and smooth.įor instance, Apple's collaborative debate allows people from various departments and functions to gather, innovate, promote, reject or build on each other's ideas. As every department has its own Senior VP and VP, it has its own individuality. These management functions are the core of Apple's management and are the very factors that help the company cope with change and innovation. Lastly, the company takes corrective steps, if needed, to achieve its objectives. The next step involves comparing the current performance and the execution of goals. Measuring the current performance of the objective is the second step. The first step involves the quantitative evaluation process of the company's future objectives. Tools such as the Ansoff matrix and SWOT analysis help with the strategic definition. The Boston Box helps in understanding the internal capabilities of an organisation, whereas, PESTLE and Porter's five forces help to analyse the external environment. The strategic analysis analyses the internal capabilities and external environment of an organisation. Strategic planning consists of the strategic analysis and the strategic definition of a company. Planning is composed of three main steps: establishing the company's main objectives, evaluating the existing situation, and application of strategy. It is the basis of managerial tasks and functions. It guides an organisation's course of action and leads it in the right direction. Planning is done by the manager and is the process where he identifies suitable objectives for the company and develops the steps to fulfil them. Lifestyle and Technological Environmentįigure 2 shows the four pillars of Apple's management function: planning, organising, leadership, and controlling.Business Considerations from Globalisation.Risks and Rewards of Running a Business.Evaluating Business Success Based on Objectives.Information and Communication Technology in Business.Effects of Interest Rates on Businesses.Improving Employer - Employee Relations.
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