Apple: Finance and Globalization Term Paper

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SAMPLE EXCERPT:

[. . .] Hence, the market capitalization of Apple was possible due to Steve Job's prized contribution (Apple Inc.: The Steve Jobs Effect, 2012)

Moreover, culture globalization has seen a phenomenon where people form a fetish for Apple products. A growing number of consumers consider it classy and trendy to have Apple products. They have given more significance than is necessary for Apple products to an extent that some people are willing to sell their organs so as to be able to afford these products. Brand effect has resulted in consumers pursuing products even with unjustified prices. Occasionally, Apple took to restricting purchases during a launch and this will result in people being willing to spend even double or thrice the recommended price. This fetishism shows Apple's significance around the globe (Temple Media institutions, n.d).

Application of Organizational Design Theory

Organizational theory isn't a group of facts. Rather, it is a perception about institutions and organizations and the way individuals and/or resources are utilized so as to achieve specific objectives collectively. It is a method of studying organizations more meticulously and keenly than someone would under different circumstances. How one perceives any organization is grounded on regularities and patterns in organizational behavior and design (Daft, 2013).

Apple's backbone is innovation of products. In a way, this is how the company operates. Apple has the impressive capability to come up with new innovative products. Usability and elegance in design has always been a focus for differentiation. This capability to continue innovating and improve on the existing products is due to Apple's organizational structure as well as culture and controls. Contrary to institutions of similar size, there exists a practical and working structure at Apple. Reporting to the existing CEO are the senior vice president of operations, internet software services, hardware engineering, software engineering and worldwide marketing, plus the CFO and company general council. The company's operations are guarded in secrecy. Information, whether that which flows inside the organization or that is channeled to people outside, is heavily guarded. Employees remain unaware of unreleased products being developed and are often clue less about what other employees in other departments are doing. Sharing information with any unauthorized person, whether an outsider or another Apple employee, can lead to termination. Employees are made aware of this on joining Apple. These measures are aimed at ensuring that no information leaks till the day Apple does a launch. Competition thus finds no time to make any response and media critics find no opportunities to discredit any products under development (Hill et al., 2014).

The scenario presented by Apple shows that a company's organizational structure can impact its profits. Apple's goals of making revolutionary products is supported by its functional organization, having workers become accountable for specific tasks and the secrecy accorded new products under development. Simply stated, the organizational structure at Apple supports its differentiation strategy through product innovation (Hill et al., 2014).

Implementation of strategies by management ensures that the company remains competitive and achieves peak performance. Such implementation of strategies employs organizational design. Organizational design is the process of arriving at how an organization should use its existing organizational structure together with its culture and control systems to successfully implement a business model. Organizational structure charges employees with specific roles and specifies how tasks afford the company competitive advantage by working together to increase innovation, quality, customer responsiveness and efficiency. Organizational structure synergizes employee effort at all ranks and functions to ensure that the company meets its objectives. (Hill et al., 2014).

An organizational structure alone cannot provide the structures and incentives and push to ensure workers stay motivated and make things happen. Control systems, therefore, save the day. What control systems do is avail to managers (1) incentives to ensure employees are motivated in working towards the achievement of increased efficiency, innovation, responsiveness to customers and quality and (2) feedback on the performance of the organization - and aid management in building the much needed competitive advantage for continuous strengthening of the company's business model. Structure gives the organization a skeleton while control provides muscles and the nervous system. (Hill et al., 2014).

In organizational design, organizational culture also comes into play. It is a group of norms, beliefs, values and attitudes shared by individuals in an organization that regulate how they interact with other players in the organization. Top management greatly influences how an organization operates since they have the capacity to influence a company's values and beliefs. Summing it all up, the three elements are what the organization uses to motivate and coordinate individuals while they work towards achieving set objectives. (Hill et al., 2014). Managers must employ specific strategies to ensure that the organization works towards the achievement of goals informed by its vision, mission and operational goals.

Conclusion

I believe that financing and globalization are two vital factors that interact with one another in Apple. The focus at Apple is that engineers strive to make better products as concerns both performance and usability. Apple then distributes these products to consumers all over the world. The feedback gathered helps Apple better their products. This process ensures that Apple rises to new levels of success every cycle. (Temple Media institutions, n.d).

References

Apple Inc. SWOT Analysis. (2012). Apple, Inc. SWOT Analysis, 1-9.

Apple Inc.: The Steve Jobs Effect. (2012). Apple Case Study: The Steve Jobs Effect, 1-16.

Czinkota, M.R., & Ronkainen, I.A. (2013).International Marketing. Cincinnati: South-Western.

Daft, R.L. (2013). Organization theory & design. Mason, OH: South-Western Cengage Learning.

Fitzgerald B. (2012). Jonathan Ive, Apple Design Chief, Says Company's Goal Not To Make Money. Retrieved October 2, 2014 from http://www.huffingtonpost.com/2012/07/31/jonathan-ive-apple-money_n_1723662.html

Freeland C. (2011). How the iPod Explains Globalization. Retrieved October 2, 2014 from http://www.nytimes.com/2011/07/01/world/asia/01iht-letter01.html?_r=0

Hill, Charles W.L., Jones, Gareth R., & Schilling, Melissa A. (2014). Strategic Management: Theory & Cases: an Integrated Approach. Cengage Learning.

Mallin, M.L., & Finkle, T.A. (2011). Apple Inc.: Product Portfolio Analysis. Journal Of The International Academy For Case Studies, 17(7), 63-74.

Mamorish (2013).Is Apple the Good or Bad Guy in Globalization? Retrieved October 2, 2014 from http://sites.davidson.edu/anthro/global/2013/02/04/is-apple-the-good-or-bad-guy-in-globalization/

Sahoo, D. (2012). Strategic Change of Campaign at Apple Inc. Vidwat: The Indian Journal… [END OF PREVIEW]

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