Entrepreneurship in the international business of Apple Inc.
Part 1: Introduction and current position: Entrepreneurship in the international business of your chosen company:
Clear presentation of organization:
The selected company is Apple Inc. which is an American multinational technology company. The company deals with advanced technological aspects and maintains higher growth in the industry of technology. Apple Inc. provides different types of sources that can change the entire growth and boost the strategic values. The headquarter of Apple Inc. exist in California.
Apple Inc. is the world’s largest technological company that runs the operations of the business. Apple Inc. is the largest technology company by revenue. With the 394.3 billion dollars of US in the year 2022. As of March 2023, Apple Inc. is the biggest company by the capitalization of the market, the company is the 4th largest personal computer vendor by unit sales. Different competitors affect the performance of the company and determine the board changes related to the plans. Amazon, Meta platforms, and IBM with Microsoft are the main competitors that affect the progress and success of Apple company.
The company generates its success or reliable policies related to certain techniques and admired the most reliable practices. The company is formerly related to the Apple computer, from year 1976 to 1977. It is a public limited company that traded as the NASDAQ AAPL and NASDAQ 100. The company is related to the industry of consumer electronics software services and online services. The company was founded in the year 1976 as 47 years ago.
Steve Jobs, Steve Wozniak, and Ronal or Mike are the main founders of the Apple company. The company has its location more than 535 retrial stores. Airpower, Apple Watch, iPad, iPhone, and Mac are the main products of the Apple company that affect the progress of the Apple company in the global market. The company is based on the entire predicts, Apple company swerved with the services that are beneficial for the entire products of the company. App Store, Apple Card, Apple Music, Apple TV+, AND Apple Pay are the main savvies offered by the company to its customers.
Read more: Global Strategy and Implementation of Apple Inc.
Scope for enterprise and entrepreneurship:
An enterprise is defined as a legal entity possessing the right to conduct business on its own. The enterprise is the platform or property that can be managed as the greater aspects or trying to enhance the progress. The enterprise allows the customers and the employees for utilizing their skills as it required the most effective and sustainable trends.
A legal entity is possessing as the right to conduct the business at its own risk. The businesses will change the entire structure as it obtains the most preferred and reliable success. An enterprise may be a corporation, a not-for-profit organization, or an incorporated enterprise that can change the shape of the business and determine the most required areas of success.
To develop reliable areas and get higher success, the company’s success can be followed. Another word for a non-profit is a business or company enterprise. It is most often associated with the entrepreneurial aspect as required to get the change and motivate the reliable change. People who have entrepreneurial success are referred to as the enterprising.
Entrepreneurship is the process of creation as well as extraction of economic values. It is viewed as the change and generally entailing the risk beyond what is normally encountered in starting the business which may include other values than supplying the economic ones. Entrepreneurship provides advice strategies that can be observed and the most reliable planning related to innovation and creativity. Developing the unique idea of the business is called entrepreneurship which changes the entire structure of the business.
For Apple Inc., innovation and creativity are the quality of the products and the name of the brand. Everyone is familiar with the brand name of Apple Inc. That’s why the company develop strong success referred to the clear change and obtain the most required terms. To start the business and generate the values determine the specific values as the future progresses. Apple Inc. launched a new model every year in the different model.
The company develop the strategies of entrepreneurship that help to reach the overall plan and gather success in the clear or most reliable practices. There are a lot of operations and activities at Apple company that promote its unique and creative options to generate success in the future. An entrepreneur generates success by launching a new idea and maintaining higher practices. Apple company invest a lot of money in creativity as well as innovation in their products and services. The company’s success and overall performance depend on its strategies of entrepreneurial.
The business decisions and their overall reliability can be observed to generate the higher plan and understand the goriest practices. Entrepreneurs are the people that can manage change and boost the most required areas of success. MacBook, iPhone, iPad, and different other unique products are offered by the company to enhance creativity and innovations.
Approaches and advantages are taken by entrepreneurship.
Entrepreneurship is necessary to run the operations of businesses in this modern world. By creating new ideas and generating creative approaches, the overall planning and policies can be referred to as better or sustainable change. The company’s overall policies depend on the most required areas as it changes the future growth values and estimates the most reliable values. Autonomy, motivation, flexibility, career orientation, developing skills, economic development, meeting people, new experiences, building the own team, and getting their full rewards are the key processes and advantages that gain by the company from entrepreneurship.
The development of experiences of the business generates higher success. Building their team is also an effective area that affects the performance of the business. The company will get a higher profit after developing unique or creative opportunities from time to time.
Apple Inc. generates a higher level of satisfaction for the customers that are unique or creative terms for the company. The company’s goals and its overall policies relate to the broad change and determine the broad change. Apple Inc. generates flexibility in its entire growth that can change the overall success and boost higher growth. Apple Inc. creates its one density and makes a difference from its key competitors in the industry of technology after creating unique ideas and generating higher satisfaction among customers.
Apple Inc. can contribute to society and be recognized for its efforts as well as needs. The company will resolve the issues and the needs of the customers by generating unique ideas and growth of the entire area as it is inessential terms. Apple company creating opportunities for employment by developing the higher capacity of the products with its u8iqie and advanced areas.
Indication of competition advantages:
Competitive advantage is the concept that helps the company to compete in the given market with the use of preferred or most reliable practices. By changing the needs and preferences of the customers, the competitive advantage of the company can be achieved. The company can improve the current values by creating employment opportunities and building higher success, entrepreneurship can gain a competitive advantage in the limited or required goals of success. Various strategies affect the performance of the business and motivate the better areas related to advanced practices.
Apple Inc.’s competitive advantage is derived from the capacity of the company to provide customers with products that are innovative as well as higher quality. There is a strong brand reconviction developing among the company that can be reliable or sustainable toward future practices.
Apple Inc. develops unique ideas to get a competitive advantage and expand its operations into the global market. The competitive advantages of the company can increase performance by creating more opportunities in the given or reliable areas. Its competitive advantage of Apple company comes from the design of its products which are offered in the global market.
Part 02: Analysis of the company’s entrepreneurship business strategy:
Understanding and evaluation of competing in the global marketplace and required skills and attributes:
Apple Inc. needs to develop a strong environment that can help to raise customer awareness and generate employment opportunities. There is a strong need to develop the analysis of the company and generate some effective skills related to certain or required terms. The company’s success and its possibility of operations deals with the change as a unit determine the growth values.
Apple Inc. should improve its organizational plan and determine the environmental practices as it obtains the preferred records. The entrepreneurship strategy of the business is to gain a competitive advantage with unique and creative strategies. Apple company’s involvement of the customers in the process of decision-making and getting a higher level of growth are required to getting the success.
Various skills are required to increase the progress of the business and maintain the most specific or central techniques required to get the change. The employ mess of Apple company is skilled and talented which affects the performance of the firm and maintains the most reliable options.
The determination of the firm’s goals and reaching the specific activities, the determination plans are developed. The environment of the company can be strong as it raises higher or sustainable actions. The entrepreneurship strategies of the business will raise future options and involve the customers in the process of decision-making.
The employees of the company are skilled or talented which increases progress and mainly maintains most specific operations as required to get the change. Apple Inc. invests money in employee training and development which increases the capacity of production and generates a higher level of success. So, the unit is the skill, or attribute of the Apple company that enhances the performance and manages the reliable growth activities of the businesses.
The company’s values and growth rely on advanced options through the capabilities and most reliable trends. The growth of Apple company can be determining higher success and maintain the best growth values in reliable or authentic techniques.
By developing strong plans and environmental relationships, the management of the business can explore the core change that will be suited in the future. Apple Inc. always involves the customers in the development of new designs of products and services that can be effective or reliable toward clear plans. Organizational success and its most effective efficiencies rely on higher plans.
The employees of the company must be skilled which increases the organizational values and determines the growth values. Different functions of the Apple company that generate it are attributed toward gaining the competition as the higher sales and the overall functional tools.
Theories of analyzing the stages and development of entrepreneurship growth:
Here are some theories and models that relate to the stages and development of entrepreneurship growth in the global market. Entrepreneurship is the development of creativity and unique options that can maintain better values and build higher success in the future. Organizational success and its higher profit depend on the skills and attributes of the firm for gaining a competitive advantage.
New growth theory:
According to the new growth theory, there is an economic concept that positions the human’s desires and unlimited wants fostering ever-increasing productivity. Economic growth can be raised by developing the higher growth theory of the company. Apple company implement this model to increase the gross domestic product and update the most required areas of the businesses. Certain changes and their overall reliable activities also depend on the growth theory.
This theory improves the efforts of Apple company and its innovative products that raise success and generates higher growth. The economic growth of the country in which Apple Inc. operates its functions direct increases by implementing reliable and sustainable terms. This will develop positive results for the company and generate higher progress in the future. Apple company’s success and its overall vision becomes increase related to its core strategies and activities.
Hofstede’s cultural theory.
According to the cultural theory, there is a relationship between the social and cultural changes. The development of high growth of culture represents the internal and external change toward future decisions. Hofstede’s cultural theory is a branch of anthropology that relate to the social sciences and disciplines of the political economies related to sociology and communication. The power distance, masculinity, individualism, long-term orientation, and uncertainty avoidance are the main dimensions that affect the performance of the business.
Apple Inc. implements the cultural theory, to develop entrepreneurial activities and express the organizational behaviors very well. The sociology and communication activities represent h company in front of overall growth practices.
Innovation methods:
The business strategy of Apple company has been to create a market out of disruptive innovation and the competition as irrelevant to it. The competitive advantage of Apple company relies on the development as well as creation out of destruction through the reinventing of the services and products.
Apple company develop higher success by competing in the global market and developing unique methods of innovation. Apple company redefine its strategies with personal computing that represent the overall planning and determines the broad areas of success. With innumerable ground-breaking products and offering unique products, the innovation of the company becomes increased.
The business model of Apple company is based on consumer-centric devices as well as innovation that change the entire plans and boost the overall growth values of the business. The company develop advanced strategies to generate higher success and maintain the most effective or reliable goals. Due to the easy-to-use designs and data migrations, there is a new line of products is developing by Apple company. Innovation and creativity are the broad terms that affect the future operations of Apple company. Steve Jobs uses the open innovation technique as the entrepreneurial strategy of their business.
The international dimension of innovation:
Paradigm, process, position, and product are the main dimension of expanding the business operations into the international market. The development of innovation will help to gather the success and understand the nature of the businesses. Apple company offers unique products to the global market through the process of innovation and building a positive image of the company in the minds of customers. The paradigm of the company is radical and incremental that develop a new image of the company and generating a higher level of success.
Stakeholder communication:
There are different stakeholders of the Apple company including which the customers, employees, managers, suppliers, and the government exists. The company develop strong frameworks to improve communication with these methods. Stakeholders of Apple company increase the organizational growth and its reliable strategies. The satisfaction and motivation of the stakeholders can be determined as they relate to future growth policies.
Stakeholders represent the company in the international market and generate a higher level of success. Apple Inc. involves the stakeholders to improve performance and collaboration with advanced methods. The management of stakeholder activities can be explored in reliable and most-centered networks.
Relationship management:
To develop a positive relationship with the customers and other stakeholders, the Apple company uses different strategies. Knowing its customers, anticipating the needs of the customers, stores focusing on the experiences of the customers, and branding that speaks to the generation. All of these strategies will help Apple company to improve its relationship with its customers. Apple company effectively manage its clients and their overall processes as it raises business decisions.
This process involves the analysis of data and using the software to attract new relationships which increases as well as protects the loyalty of the brand. The satisfaction of customers is the most effective and reliable process that will expand the entire operations and manage the internal reputation of the Apple company.
The retention of customers and their acquisitions becomes increase with the development of strong relationships and adopting the CRM practices in the given time. The operational, collaborative, and analytical tools of the business become strongly connected with the entire values of relationship management.
Part 03: Conclusion and Recommendations:
Conclusion:
In this report, the role of entrepreneurship and enterprises are defined that affect the growth of the business. Entrepreneurship is the innovation and creativity that give something beneficial to get success and maintain change. The development of advanced strategies increases the organizational plan for future growth activities.
Three parts define in this report relate to the entrepreneurship and its activities for innovation or relationship management. Every business wants to expand its operations all over the world and determine the board changes in the future growth terms. The company’s strengths and weaknesses can be evaluated related to the current and authentic process.
The entrepreneurship business strategy increases the operations of the company and maintains the competitive advantage in the given or reliable success. The company’s growth and its policies relying on broad techniques become strong.
Many techniques motivate the company to get success and develop innovation or creativity from time to time. Apple Inc. is the company that was selected to analyses the role of entrepreneurial business strategy. The relationship management and the innovation strategies with the international innovation dimension of the Apple company are also defined into a clear and authentic process.
The company’s pricing strategy increases the organizational practices and builds the position of the company in the minds of the customers. Entrepreneurship strategies increase the organizational plan and develop broad or reliable change. The company invest the amount in the process of research and development or relationship marketing to involve the stakeholders in the process of the company’s success.
Recommendations:
Entrepreneurship risks operating in the international market:
Different risks faced by entrepreneurship in the international markets. These risks can affect the business progress and its overall efficiencies related to the company’s values and its overall or reliable approaches in the future. The political risks, economic risks, and social risks are affected by the company related to the clear or reliable plans. The political as well as economic risks affect the progress of Apple Inc. and its entire practices in a reliable manner.
The company’s success can be tackled through the analysis of risks and its proper management. The change of preferences of the customers and the entire society is also the key factor that appears as a risk to the company. These risks impact the entire change and determine the core ideas related to the given or reliable terms.
Various components and activities that required to get the change in the boundary of the organization. The risks of political scenarios, economic change, and lack of advanced growth strategies impact the working capability of the company and its entire responses whether it relates to their success. These risks decrease the performance of Apple company in the international market. With the use of technological advancement, the risks can be mitigated by the management of the Apple company.
It is the company that gives the responses to the entire stakeholder of the company. These risks impact the business progresses and evaluate the future threats in reliable and authentic terms. Apple company can build higher success by resolving these issues or challenges.
Ways to mitigate the risks:
Here are some methods or ways to resolve the risks of Apple Inc. as its entrepreneurship and other business activities.
Apple Inc. should develop the proper analysis of the external environment that improve the knowledge of the forces which are essential for the business success. The success of a company depends on advanced technology and raising clear progress related to better change. Apple company should use the PESTEL analysis model that increases the progress of the firm and determines the core areas related to the broad and authentic change.
The company should involve the stakeholders in the different processes of the business that will help to raise the growth that relies on the growth strategies in terms of getting the change related to the plans. Apple’s company should use advanced strategies that will help to gather success and boost the reliability changes in the process of managing the risks.
The management of risks will develop more opportunities for success in the future. The economic risk can be mitigated when the Apple company uses the economic risks as it appears to get the change and predetermined success.
All of these methods are very reliable to resolve the issue and gather higher success related to the strong and progressive techniques as it manages future change. There are a lot of practices that motivate the company to incur performance and resolve the external risks that affect society as well as the overall behavior of the company.
