The Four Themes Of Entrepreneurship

This will help the company to prioritize and strategize the innovation, done by the research department. Lack of experience - Not everybody is impassive to be a businessperson. Analyze the strength and weakness of starting own business. It is important for entrepreneurs to self-starters who are great at arranging, sorting out, and settling on choices that can advantage their business in the long term.

Apple Inc. strives to limit the time between ordering for the goods and receipt of the same. Normally, long distribution channels do not only influence the pricing of the products, but also the time when the consumers receive the product. Apple Inc. commands a great power in the market because it has differentiated

“Think Different” is the technology company Apple’s slogan that has reflected on what the company has done and what they will always strive to do. Steve Jobs, the founder of Apple, is a great example of this statement. He helped to get people to think differently and innovatively (Isaacson). In his parents’ garage, Jobs built the first Apple computer. His computer, the Apple 1, was the beginning of Jobs career, and the start of technology revolution.

SWOT Strengths Opportunities • Apple has a highly reputable company that is known for creating simplistic yet technologically advanced products that usually go on to generate a large amount of sales. • The apple watch runs on the latest iOS software and is able to wirelessly connect with other apple products. • Apples announcement of the release of the apple watch had popularised the market of smartwatches and also taken it to another level with the many features of the watch that can be done with an iPhone. • Apple has a massive loyal consumer population that has formed into a community, strengthening the relation between apple and its consumers.

What historically have been Apple’s competitive advantages? Apple Inc. has rare case of building a real sustainable competitive advantage in comparison to other brands. These include brand appeal, and strong customer loyalty (Barney, 1991). Apple has successfully enabled strong customer loyalty through effectively fulfilling their customer needs using their unique designs and product innovations.

To access the industry in which Apple operates, we use the 5 Forces Matrix. This will help us to achieve a broader understanding of the industry itself, and how Apple in particular survived and become one of the most successful companies. Porter’s 5 Forces Analysis: 1. Rivalry among existing competitors – High. The industry is characterized by very intense and fierce competition against players like HP, Dell, Acer and etc.

This will affect customers loss of interest towards Apple products as they find it no longer unique (Slideshare, 2016). Technological advancement has always force Apple Company to invest a lot in technology as it is largely invested in product research and development field to push the product’s ranking into a much higher rank through their innovative side. For example, one of the most innovative and technologically product will be the IPod touch as it is a big step towards the replacement of basic mp3 (Slideshare, 2014). If Apple Company did not put any pressure towards the research and development department, it is clear to say that without the advance technology, the company will become obsolete. It is a fact that trends of the marketplace are slowing developing into something much more greater.

Microsoft vs. Apple As the great CEO of Apple, Steve Jobs quoted, “These technologies make life easier, can let us touch people we might not otherwise. You may have a child with a birth defect and be able to get in touch with other parents and support groups, get medical information, the latest experimental drugs. These thing can profoundly influence life. I’m not downplaying that.”

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

Not to mention the one thing people make mistakes at is not asking questions or the right questions. I would definitely ask questions about my projects that I would be on and the right ones of course based on the project. How would I create my own business, well I am actually in the process of potentially starting a startup company with my coworker. We have decided on the idea and how we are going to go about it. The necessary steps now are to establish a company and getting clients.