Introduction
Life is about planning. We all work to make money to make life worthwhile and as comfortable as we can. Having a winning attitude and efficient preparation is the key to making it in life. To live life at one point or another, we may own a business. Lest we forget, successfully operating a business is a task. You have to pay wages, manage stock and most importantly earn income. You also have to accomplish legal commitments such as paying taxes and at the same time keeping the business feasible. A small juggle on the obligations listed above may make the business run at losses, attract fines or worse still call it quits. Therefore, it is essential for all businessmen and women to examine the following case scenario of the Apple
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A common adage among businesses is that: “The only sure things in the life of a business are death and taxes”. What does this mean? It means that if a business will not efficiently manage its taxes requirement it might eventually wind up voluntarily or involuntarily. Despite all the tax obligations a business should not despair. As long as it is aware of the areas in the business normally taxed, tax management is an easy task.
The Apple company is one of the largest taxpayers in the United States and has defined a way of always being up to date with the taxes. In the US any profits realized from a company’s branch in Overseas goes untaxed. Incidentally, the Apple company has several affiliates in various countries for which their income, does not attract taxes. Nevertheless, this does not deter it from paying taxes as it should. Apple is always making efforts to expand overseas thus licensing fee automatically applies. Licensee fee is charged on yearly, monthly or weekly basis. Therefore, it is crucial that its financial analysts stay up to date with it. Failure to pay the fee attracts mandatory penalties which may eventually lead to the closure of the
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What does it mean for Apple? It simply means that its international operations are multifaceted as it has to consider diverse political, cultural and economic factors of each of these countries. Operating in the US and vast differences mark all the other continents. It is said that when you go to Rome do as Romans do; therefore, Apple has designed operation strategies to perfectly suit its area of operation. For example, in the Indian culture, a manager can’t confront his elder who in a business scenario is his junior. So, if any work has been done poorly, then the manager has to find solutions to deal with it without going beyond their cultural provisions. In some countries, you cannot negotiate a deal without first handing a gift to your counterparts. It is deemed as respect and a friendlier way of doing business. On the other hand, giving a gift before or after a negotiation in the US you might be sued for corruption. It is interpreted as a move to bribe your counterparts to influence their decisions to your favor on the matter at hand. It is crystal clear that Apple has done a lot to be able to integrate all these factors especially when it comes to
Even describing the apple as having a “…sweet taste and distinct juiciness and snap” (Dunn, 2013) Ms. Dunn, also talks about how even the creator of the apple is shocked by the price. She also describes how it is not the retailers getting the money, but the farmers receiving the money for the sale of the apples. She concludes the article, by talking about a new apple on the horizon
This is much more than some countries around the world. This means that Apple can afford
Sunday, January 31st, 2016 Internal Assessment Research question: At what extent was Apple´s innovative Apple Watch marketing strategy successful when launching the device? In recent years, cutting edge technology has been the gap through which society had maintained daily basic activities, businesses such as Apple Inc., in the attempt maintain ahead and wider the advantage over potential competitors, seek the innovative development as an important key to better meet the needs and wants of their customers in the future, this factor represents the arise of new chambers in the market as a new opportunity of growth where a proper marketing strategy that involves a correct manage of price and the product features, enabled a beneficial introductory
Apple’s vision Apple 's vision is to create and deliver electronic music and personal computers to individuals, teachers, employees, students, and computers used in government agencies and companies. Apple 's strategy focused on enhancing its ability to design and contribute to its development, It’s easy to use and distinctive design and innovative. Importance of knowledge management in Apple Company Knowledge Management (KM) is a discipline that improves Apple 's ability to better solve problems, adapt, evolve to meet changing business requirements, and survive with disruptive changes.
Weaknesses It is easy to produce different pricing levels and marketing methods for different regions. This is the result of the lack of Coordinating and communicating, cause the conflict of interests between each branch and the whole company. Apple’s Leadership
Apple Inc. runs a mobile device business that largely dominates the mobile phone industry. The
In this way, the sale of products in world-wide market will increase. • Increased labor costs in China could take away the cost advantage of some Apple products. • Decaying middle-class incomes in some developed countries, including the United States, could shrink the potential market for higher-end consumer goods such as those marketed by Apple. • A strong U.S. dollar could increase exchange rates, making it more expensive for Apple to do business in key markets like Europe and
ACHIEVING GLOBAL COMPETITIVE ADVANTAGE OF APPLE INC. Apple Inc. is an American conglomerate company located in one immeasurable loop, Cupertino, California in the middle of the Silicon Valley. (OPPapers, 2012). Apple is motivated on their designing, developing, innovating new products like the personal computers, other related software products, and the electronic products such as MP3 players and iPods. Apple Inc.’s main products are iMac, iPod, iPhone, iPads and its latest advanced product is iWatch, which is on the edge of creating another revolution after iPhone. Apple Inc. has transformed its image from an inventive computer manufacturer to a fully-fledged consumer 's electronic company.
Apple is always on top compared to all other leading brands. Apple has many competitors. It alone gives head to head competition to brands like Google, Microsoft, Sony, Amazon, Samsung. According to data from Counterpoint’s
Further, the growth of the world’s economy was also very slow in 2012 and was expected to be same in 2013-14 as obvious. Apple has been affected by a crisis such as the change in American regional sales for the current year was 9% in 2012-13 compared to 50% of 2011-12, in Europe, 4% in comparison to 31% and in greater China 13% in comparison to 78% (Apple INC, 2012). The unemployment rate in U.S was 7.9 during 2012- 13, 4.1 in China and 4.6 in Japan, was one of the significant causes of the downturn in sales growth (Trading Economics, n.d). Euro crisis, U.S fiscal problems and hard landing of large developing countries will likely continue in the coming couple of years leading Apple to more toughen economic situations (IMF, 2013). Moreover, stringing dollars had also source of problem for Apple product prices, transportation cost and profit margins (Apple INC, 2012).
Developing different devices like the iPhone, iPod, and iPad makes Apple Inc. the famous company it is and has always been. Their advanced
They also are in strategic alliance with companies like Microsoft for their Mac computers, Disney for Apple TV, and BMG, Sony for I-tunes and media
Apple Company. Is an American multinational firm that layout and manufactures shopper electronics and PC software products. Apple was founded on the first of April, 1976, at the hands of "Steve Jobs" and "Steve Wozniak" and "Ronald Wayne" for the sale of personal computers called "Apple. The company manages more than two hundred and fifty shop of retail stores in nine countries, and shop on the Internet sold by hardware and software products. The reason why I choose this organization is because it 's very successful and famous device everywhere in world.
According to Bullen and Rockart (1981), critical success factor is the significant skills, areas, or actions of a company that contributes to the competitive performance that can make it become successful. The main key success factor of Apple is its core competency, technology. The company that owns the advanced technology may get high revenue and a larger market share when imply this technology in its product or service (Roth & Miller, 1992). Apple has used this core competency to develop many highly functional and usable digital device and software which can develop the loyalty of customers to its brand (Laugesen & Yuan, 2010). For example, many electronics products in the market are use Google’s Android system, while Apple uses its own system, iOS in all of its digital devices (Johnson, et al.,
Accordingly Proper planning is one of the foremost factors for any entrepreneur to employ. Without an appropriate strategy, nothing can be achieved. Entrepreneurs who want to succeed should have a simple but effective realizable plan. A good planning plus sticking to it will be really an admirable act that any entrepreneur should do and succeed. 3.