Answer & Explanation:Instruction followed please with proper requirements. Based on the two documents attached.Introduction. Provide a brief overview of the successful company that you have chosen to benchmark for management best practices. Consider including specific examples relating to the fundamental principles of management and the company’s mission and vision statement. Profile of a Successful Company Explain how the company has communicated its mission and vision within the organization. In other words, explain how the company demonstrates the importance of the mission and vision to employees and other stakeholders. Identify the role management played in helping this company execute its strategic management plan. Justify your response. You could consider including a specific example of a time when this management plan led the company to success. Describe how management has helped to positively influence the organizational culture within this company. You could consider using some specific examples, actions, or strategies that show how management has positively influenced organizational culture. Explain management’s pivotal role in the decision-making process within this company. Be sure to include specific decisions made by management based on principles of ethics. You could discuss specific decision-making models used by the company that may have helped the company be successful. Evaluate how the use of the functions of management within this company has adhered to the principles of ethics. You could consider how using the functions of management while adhering to the principles of ethics may have impacted the employees of the company. Explain how this company strategically uses human resources to develop its personnel. You could consider how this use of human resources has enhanced the company’s business processes. Conclusion Summarize how the company utilizes the fundamental principles of management to ensure optimal performance. You could consider the actions taken by this company if optimal performance is not met. Analyze the decision-making strategies of the company for how they consider all the parts of the company as an interrelated system. You could consider how the decision-making strategies of the company align with a system thinking approach. IV.Guidelines for Submission: Final Project One must be three to four pages in length (plus a cover page and references) with double spacing, 12-point Times New V.Roman font, one-inch margins, and APA formatting. Include at least two references cited in APA format. Introduction Meets “Proficient” criteria and includes examples relating to the fundamental principles of management (P-O-L-C) and the company’s mission and vision statement Successful Company: Mission and Vision Meets “Proficient” criteria and details chosen demonstrate insight into how the company crafts its communication for differing audiences Successful Company: Strategic Management Plan Meets “Proficient” criteria and justification includes an example of a time when this management plan led the company to success Successful Company: Organizational Culture Meets “Proficient” criteria and includes specific examples, actions, or strategies that show how management has positively influenced the culture Successful Company: Decision Making Meets “Proficient” criteria and details discuss decision-making models that have helped the company be successful Successful Company: Principles of Ethics Meets “Proficient” criteria and details include how using the functions of management while adhering to principles of ethics may have impacted the employees of the company Successful Company: Human Resources Meets “Proficient” criteria and details show insight into how the strategic use of human resources can lead to a company’s success Conclusion: Principles of Management Meets “Proficient” criteria and details include insight into actions taken by the company if optimal performance is not met Conclusion: Interrelated System Meets “Proficient” criteria and details include how the decision- making strategies of the company align with a systems thinking approach Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-to-read format
apple.docx

apple_inc.docx

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Running head: INTRODUCTION OF A SUCCESSFUL COMPANY
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Apple Inc.
Apple is an American multi-international technology company headquartered in Cupertino
California. Apple over the years has developed and marketed various electronics, computer
software, and online services. The company is an innovator of developing the latest and greatest
technology. The techniques in developing hardware products year after year have by far made
Apple a leader in the market to date. The online service includes the iTunes store and the app
store, Apple music, and cloud. Apple consistently follows the vision and mission statement to be
a competitor to maintain their dominating position as number one in the market for consumers.
Apple vision statement is considerably detailed and reflects their comprehensive approach in
ensuring continued growth and success (Rothaermel, 2015). The concept employs best practices
by developing an integrated business model for product and design development from beginning
to end. As an owner and a die-hard Apple fan, I find they just get better with time. The user
interface provides friendly and easy to use devices that in return help improves daily activities.
Although the mission has changed with time, it was done to meet the needs of the consumer i.e.
applying listen to the voice of customer concept. The primary objective in their line of business
is effective management always being enforced. Apple being a publicly held company and
assuming responsibility to a shareholder to pay close attention to detail on all legal and ethical
lines and to comply with the applicable laws. (Selden, 2013). Apple has a clear understanding
that each employee is responsible for his and her action when representing the company. The
business manager will always be involved in the decision-making process. Having that in mind
that every team will always aim at maximizing profit, a perfect manager will be able to decide on
which method to use to achieve this. Every employee will always need to work with the best
management, and this might be a motivating factor. Their best practices to follow in the field of
INTRODUCTION OF A SUCCESSFUL COMPANY
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managerial economics and globalization. Can include; avoiding mistakes, planning, general
consideration. For the above practices, they might be related in one way or another. Managerial
skills are important for the success of any organization. The goal for every organization is to gain
success and profit.
Running head: PROFILE OF A SUCCESSFUL COMPANY
1
Apple operates a multinational technology corporation based in the United States, the
company designs, develops and distributes electronics, computers, and software as well as offer
online services. The hardware products from the apple company include the iPod tablet
computer, iPhone smartphone, the iPod portable media player, the Mac Personal computer, the
Apple TV digital media player and the Apple smart watch.
Software developed by the company includes the MacOS operating system, the IOS
Operating system, iTunes media player, the and the Safari web browser. The online services that
generate additional revenue for Apple include the Apple Store, the iTunes Store, and the iCloud.
The Apple Company was founded in 1976 by Steven Wozniak, Steven Jobs, and Ronald Wayne
to develop and sell personal computers. The Apple Computer Inc. was incorporated in the year
1977 and afterwards renamed as the Apple Inc. in the year 2007.
The Apple Company has communicated its mission and vision statement clearly by
redefining the products they offer to the consumer’s time after time. It gives assurance of
remaining competitiveness and continues its position in the worldwide market as the innovative
leader in technology. The Mission and the vision statement have been changed from time to time
to ensure customer satisfaction (Rothaermel, 2015).
The company’s strategic management plan does not micromanage the employees. Apple
focus is on each employee taking responsibility for their actions. The primary consumer product
is the production of smartphones (iPhones) which are in direct competition with Microsoft.
The Apple Company develops its staff by offering continued training and development
programs for the staff. The ongoing development is made possible through the growth strategy,
PROFILE OF A SUCCESSFUL COMPANY
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business strategy, and the increased franchising outlets the organization sees at a rapid pace. The
decision making in the firm in the past was left for Steve Jobs, the former CEO. The current
CEO makes the decision for the enterprise. The managerial staff are involved in all the decisionmaking activities.
The organizational structure is categorized by business lines, regions and functions. The
principle of ethics restored by its CEO, Timothy Cook transpired by publishing the Fair Labor
Report in regard the Chinese factory claimed of being unethical. It supports ethics in the
workplace. The reinstatement of the principle of ethics managed to afford the company profit
increases.
By notifying every employee that he or she is responsible for his or her actions within the
organization has positively influenced the Apple Company. With doing this, every employee
does his or her best in ensuring that the company’s goals are achieved and ensuring that the
mission statement is adhered to and vision kept in focus.
PROFILE OF A SUCCESSFUL COMPANY
References
Al-Laham, A., & Huth, S. (2011). The Strategic Repositioning of Apple Inc. Fallstudien Zum
International Management, 641-664
Apple surpasses Microsoft as the world most valuable tech company. (2010). Physics Today.
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