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Strategic Management and Strategic Competitiveness Overview Choose one public corporation in an industry with which you are familiar. Research the company on its own website, the public filings on the Securities and Exchange Commissions Filings & Forms page, the Strayer Universitys online databases, the Lexis Advance database, and any other sources you can find. The annual report will often provide insights that can help address some of these questions. Use the Strategic Management and Strategic Competitiveness Template [DOCX] to ensure that your assignment meets the requirements. Requirements Write a 4–6 page paper in which you address the following: Assess how globalization and technology changes have impacted the corporation you researched. Apply the industrial organization model and the resource-based model to determine how your corporation could earn above-average returns. Assess how the vision statement and mission statement of the corporation influence its overall success. Evaluate how each category of stakeholder impacts the overall success of this corporation. Use the Strayer University Online Library or the Internet to locate and include at least three quality references. Note: Wikipedia and similar websites do not qualify as academic resources. This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions. The specific course learning outcome associated with this assignment is the following: Determine the impact of globalization and technology changes, strategic models, vision and mission statements, and stakeholders on a corporations success. 1 Tomia Willingham Strayer University BUS499 Business Administration Capstone Dr. Grizzell August 7, 2021 2 Week 3 Assignment 1 Introduction My paper will discuss both strategic competitiveness and strategic management of Apple Inc. Company. This will provide a clear picture on how different processes and projects are carried out for the success of the company. Again, the paper will focus in summarizing different articles for the purposes of ensuring that awareness is created on how the organizations in a country should be run for quality products and services to be provided to the customers. This will play significant roles in the encouragement of the people to engage in productive activities leading to the success of their businesses. The paper will again discuss the different strategies utilized by Apple Inc. Company in ensuring that its competitive advantage is enhanced and the operations carried out made effective for the satisfaction of the customers to be achieved. The discussion on the strategies used will motivate the people to come up with businesses which focus on quality standards for the set goals and objectives to be achieved (Burke, 2021). 3 Globalization Globalization is among the important aspects which have contributed to the success of Apple Inc. Company by changing the manner in which the processes in the company were carried out. It is through this whereby the company’s supply chain has been impacted positively therefore enabling it to record high sales within a short time. As a result of the proper utilization of the globalization concepts, the company has had its profits increased because of its ability to produce the products at low cost hence selling them to the customers at high costs. On the other hand, globalization has led the company to an effective competition which has made it easy for the management to come up with strategies of ensuring that the competition is managed in ways which contribute to the success of the business. The competition experienced by Apple Inc. Company is mainly related to aspects such as prices, target market, adaptation of the available technology and quick production. For the issues in the company to be addressed, the management has been able to come up with global strategies which have contributed to the satisfaction of the customers. The business has again been able to create a robust global brand therefore attracting competing with other companies effectively. One of the global brand introduced by the company is the iTune stores which has played a role in the discovery and the delivery of third party digital content. One of the concepts of globalization used in the company is the economic globalization which has enabled to business to contribute to the growth and the development of the economy of different countries. This has been achieved by its ability to come up with other branches in the entire world. It is through that whereby employment opportunities are created in the country hence contributing positively to the success of the country’s economy. Finally, globalization has impacted the company in a positive way by ensuring that international human resource management strategies 4 are utilized. This has made it easy for the company to hire experts and professional from different parts of the world therefore improving the performance of the corporation (do Carmo, 2021). Technology Technological changes are among the contributors to the success of the corporation. For the past few years, the company has invested in technological advancement for the purposes of ensuring that quality products and services are provided to the customers. Some of the technological changes such as MacPaint software have impacted the business positively by bringing in place programs such as Photoshop and PageMaker which have brought about transformations in publishing. Being one of the technologically advanced corporation in the entire world, it has been able to benefit from the advanced technology by improving the rates of production and human resource management. These have therefore led to a demonstration of planning, long term thinking, consistent marketing and careful and thoughtful research. Some of the technological aspects such as social media, cloud computing, program apps, texting, email, robotics, Internet of Things, Artificial Intelligence, crowfunding, websites, data and analytics and e-commerce have impacted the corporation in a positive manner by ensuring that the standards of the products and the services provided are high. These have therefore improved the competitive advantage of the company. On the other hand, the company has been impacted by diffusion and disruptive technologies in way which has led to increased rates of production through effective innovations (Edeh, 2021). Industrial Organization Model The company could earn above average returns by ensuring that it focuses on consumer centric devices and innovation. This leads to increased numbers of sales made by the company within a short time. The consumer centric devices and innovation lead to the increment of the 5 morale of the customers therefore encouraging them to purchase more of the company’s products. The data migration to new products and the easy to use devices by the company have played important roles in the improvement of the financial performance of the business. This is facilitated by the ability of the company to safeguard the welfare of the customers by improving the quality of the products made (Hitt, 2020). Resource-Based Model The resource based model has been used in different cases in ensuring that the company is able to utilize the available resources and assets effectively. One of the ways in which the company has utilized this model is by providing a foundation which has been used to develop the capability of the organization. The development of the capabilities has helped the company in the improvement of its performance hence ensuring that it earns above average returns. For the above average returns to be earned by the company, unique resources are effectively utilized. Some of the resources include; product quality, brand equity, global presence, effective marketing, customer loyalty and supply chain (Patrushev, 2021). Vision For the last 20 years, the activities and the processes carried out by the company have been controlled by its vision statement. The vision statement has again influenced the overall success of the business by ensuring that it focuses on innovations which lead to product of quality products. The company has been determined to deliver high quality products therefore improving its market share. The actual vision statement of the company is “We believe that we are on the face of the earth to make great products and thats not changing”. The vision statement has again contributed to the overall success of the corporation by inspiring both the customers and the employees to work for the success of the business (Smizer, 2021). 6 Mission In different cases, the actual mission statement of the company has influenced the company positively. It is through the mission statement whereby the organization has been enabled to remain honest and genuine to its ideals. This has therefore impacted the management of the company to think critically on how the business operations can be carried out to change the entire world. The mission statement influences the overall success of the organization by providing the management and the employees clear and effective guidelines on how quality decisions should be made for the success of the entity. The mission statement of the company is “to bring the best personal computing products and support to students, educators, designers, scientists, engineers, businesspersons and consumers in over 140 countries around the world”. Stakeholders The success of the company has been facilitated by the collaboration of different categories of stakeholders. Some of the stakeholders include; employees, customers, investors, communities, government and suppliers. The employees are some of the important stakeholders of the company which have contributed to the overall success of the company ensuring that quality products are produced. This has enabled the company to manage the available competition effectively. The other stakeholders are customers. The customers contribute to the success of the business by ensuring that they purchase the products in large numbers therefore improving the financial performance of the company. This has helped in facilitating an improved sustainability. Investors are the other stakeholders who contribute to the overall success of the company by ensuring that the capital of the business is raised. This makes it easy for the company to fund the different projects carried out. On the other hand, communities are stakeholders who have contributed to the success of the company by ensuring that a conducive environment is provided to the employees. 7 This has helped in the improvement of the performance of the business. For the obstacles to the success of Apple Inc. Company to be reduced, the government should be engaged effectively. However, the government contributes to the success of the company by ensuring that effective policies are introduced to control the operations of the company. Finally, suppliers are important stakeholders due to their ability to bring the products close to the customers. This enables the company to record high sales as well as profits within short time (Srinivasan, 2021). 8 Sources 1. Hitt, Ireland, & Hoskisson. 2020. Strategic management: Concepts and cases: Competitiveness and globalization (13th ed.). Mason, OH: South-Western Cengage Learning 2. Burke, J. J. (2021). FinTech. In Financial Services in the Twenty-First Century (pp. 107-130). Palgrave Macmillan, Cham. 3. do Carmo, M. J., Neto, M. S., Donadone, J. C., & Cavenaghi, F. (2021) FINANCIALIZATION INDICATORS IN LARGE CORPORATIONS: MAXIMIZING SHAREHOLDER VALUE IN THE CASE OF APPLE INC. 4. Edeh, F. O., Teoh, K. B., Murugan, Y., Kee, D. M. H., Wong, J., Wong, X. S., ... & Jacinta, O. B. (2021). Contributing Factors to Apple’s Sustainability in Malaysia’s Information and Communication Technology Industry. Asia Pacific Journal of Management and Education (APJME), 4(2), 74-84. 5. Patrushev, V., & Popov, V. (2021). Modeling the process of innovative transformations at the industrial enterprise. In SHS Web of Conferences (Vol. 116, p. 00005). EDP Sciences. 6. Smizer, E. C. (2021). Epic Games v. Apple: Tech-Tying and the Future of Antitrust. Loy. LA Ent. L. Rev., 41, 215. 7. Srinivasan, S., & Jayaraman, V. (2021). Orchestrating Sustainable Stakeholder Value Creation: A Product Life Cycle Extension Perspective. Pursuing Sustainability: OR/MS Applications in Sustainable Design, Manufacturing, Logistics, and Resource Management, 239-254. Globalization Technology Industrial Organization Model Resource-Based Model Vision Mission Stakeholders Sources