...Business Model and Strategic Planning BUS/475 Business Model and Strategic Planning Apple Inc formerly known as Apple Computer Inc which provides corporate Server, MAC OS Systems and Operating System. Apples core product lines are the iPhone, iPod and Macintosh System. Steve Jobs and Steve Wozaniak, The founder of Apple has created the Apple Computer on 1st April 1976 and integrated in the company on 3rd January 1977, in Cupertino California. It has driven the Computer manufacturing market for more than two decades. Mr. Steve Jobs who was expelled in 1985 was return as CEO of the APPLE Inc in 1996 with new Ideas and corporate philosophy. With introduction of successful IPod Player in to 2001 Apple has again proved itself as a Market leader in consumer electronics. Latest era of extraordinary success of the company is in iOS based Apple products like I Phone, IPod slim, I Pad and now I Pad 2. Now a day’s Apple is a biggest technology corporation in the planet with the profits of more than $65 billion. It has about 49,400 employs all over the world. Fortune Magazine most Admired Company in United State in 2008 and in the world in 2008, 2009 and 2010. Apple Vision and Mission Statement Apple, Inc’s vision statement is “Man is the creator of change in this world. As such he should be above systems and structures, and not subordinate to them.” Explanation of Vision Statement: Apple lives this vision through the technologies it develops...
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...the Role of Innovation in the Economic Growth Process Surrounding the Role of Innovation in the Economic Growth Process Innovation Innovation is an essential element for any organization in order to survive, grow and significantly influence the direction of any industry. Development does not; however, guarantee success, but most be followed up with successive streams of innovation and change, from the incremental to the radical. The most reliable way to be successful in the industry is to innovate better and longer than the competitor, leading companies develops innovation portfolios that they can use to help sustain growth over the long term. Innovation and change is an essential part of any business activity, but only some people recognize its importance and significance. Often, management fails to notice the implication of innovation and change, which becomes the reason of the change failure. Innovation can be summarized in two main areas: innovation is doing something nobody has done in the history of the world or do something that we have not done before. Innovation does not always fit with what we do, and a lot of new opportunities that are found in the company do not sit well with her. So the first step is to create a "space" where these opportunities can be developed, at their own pace and without neglecting the routine tasks. It is therefore; necessary to release resources to enable people to experiment with these new ideas. It is also necessary that...
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...menv i n n o va i n f o r m at i o n vi 2008:23 research on women´s entrepreneurshp A presentation of the ten projects funded by the programme Title: Research on Women´s Entrepreneurship - A presentation of the ten projects funded by the programme Series: VINNOVA Information VI 2008:23 ISSN: 1650-3120 Published: December 2008 Publisher: VINNOVA – Verket för Innovationssystem / Swedish Governmental Agency for Innovation System VINNOVA Case No: 2007-02271 About VINNOVA VINNOVA, Swedish Governmental Agency for Innovation Systems. VINNOVA´s mission is to promote sustainable growth by funding needs-driven research and developing effective innovation systems. Through its activities in this field, VINNOVA aims to make a significant contribution to Sweden´s development into a leading centre of economic growth. The VINNOVA Information series includes general publications that describe VINNOVA’s activities as well as specific programme descriptions, project catalogues, annual reports, etc. Research and Innovation for Sustainable Growth. VINNOVA´s publications are published at www.VINNOVA.se I VINNOVAs publikationsserier redovisar bland andra forskare, utredare och analytiker sina projekt. Publiceringen innebär inte att VINNOVA tar ställning till framförda åsikter, slutsatser och resultat. Undantag är publikationsserien VINNOVA Policy som återger VINNOVAs synpunkter och ställningstaganden. VINNOVAs publikationer finns att beställa, läsa och ladda ner via www.VINNOVA.se. Tryckta...
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...Introduction Innovation in any business sector is essential for profit and continuity of the business. Organizations must realize the importance of their vision, mission and values when determining new directions and divisions for innovation. This paper shall examine and define how vision, mission, and values guide strategic direction by creating a new business sector for Petco. Company Background Petco was founded by Walter Evans in 1965 as a mail-order veterinary supply business, with a mission to offer to the public quality pet and veterinary supplies at discounted prices (“About Petco”, n.d.). From their humble beginnings in 1965, they have grown into the second-largest pet supply specialty retailer in the United States offering over 10,000 pet-related products and a wide pet service line (“Major Companies”, 2014). According to “Major Companies” (2014), as the company is private, no official financial information is publicly available, however IBISWorld estimates revenue for 2014 to be around $3.3 billion with $261.3 million from their pet services lines (Petco Animal Supplies Inc.). Mission and Vision Statements Mission and vision statements are powerful motivators that explain an organization’s purpose and direction, with an inspiring vision of the future (Manktelow, 2014). While both are equally important, mission and vision statements are not the same. Mission statements according to Manktelow (2014), “mission statements define purpose and primary objective...
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...LEADERSHIP IN THE WORKPLACE Presented to: Cindy Murphy Management 1115 – Leadership By: Bermina Benson October 12th, 2011 Leadership in the workplace 1) Introduction 2) Leadership a) What is Leadership b) Leadership versus Management defined c) The importance of Leadership in today’s workplace discussed d) Leadership trends and priorities 3) Compare and contrast leadership styles a) Pros and Cons of leadership styles 4) Conclusion Introduction This paper is an attempt to briefly explore the concept of leadership and how it differs from management. Sometimes leadership and management may seem similar; they may be used interchangeably, and may even occupy the same social space in institutions and organizations; the two concepts are different in a fundamental way. Those differences will be discussed. Businesses succeed and fail on the strengths of their business models. These models are conceived and guided by leaders. Why then do some businesses fail when their business models are best conceived? Can it be traced to the changing trends in leadership or the leadership style one adopts? These questions will be discussed as well. What is Leadership? Leadership is a skill that embodies vision, inspiration, and human passion, according to Harvard professor Abraham Zaleznik. It is a critical management skill which arises out of desires – the passion and vision of the...
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...Kraft Foods, Apple, CVS Caremark, Johnson & Johnson, and Target. Identify what your selected companies do to establish a positive working environment and committed employees. Be specific in identifying behaviors, programs, or initiatives. (Note: If a company website does not provide enough information, select another company.) Gulfstream: Gulfstream Aerospace does not want their employees to feel as if work is just about counting down the hours until it is time to go home. They want it to be, “A fulfilling career and a great place to work challenge the mind, drive creativity and innovation, and inspire teamwork and mutual respect,” (Gulfstream - Careers. (n.d.)). At Gulfstream, those ideals are what formed the core of their work philosophy and they believe promoting the development of those standards is what helped them create and deliver the world’s finest experience in the business of aviation. Their core value is integrity. The principles they share are teamwork, education, recognition, caring, and wellness. Gulfstream expects their employees to work together and build on each other’s success. They encourage their employees to reach their highest potential through professional development programs and their internal training organization. They provide an English course for those who need to improve their speaking and writing skills. They have recognition and bonus programs to reward those who are dedicated and are hard workers. They are passionate about giving back...
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...21 Task 10 22 Conclusion 24 References 25 a) Why might solving a problem present a business opportunity? Discuss with explicit reference to at least 3 of the guest speakers. An intrinsic quality of a problem is demand itself. Demand is a major, if not the most influential variable on a business opportunity, whether that be from a single individual or the entire population. As a result, a problem is arguably the primary source of an unexploited populace and/or economy and drive of innovation. The scale to which the problem is solved, measured relative to its complete effectiveness. In reference to a business opportunity I will refer to the definition according to Daniel Myska, “A business concept that, if turned into a tangible product or service offered by a business enterprise, will result in a financial profit”. It is explicit the effectiveness of which the product/service itself approaches a problem will directly correlate to the unconditional demand said product/service will receive and is paramount to the likelihood of a successful business idea. As well as this level of effectiveness of the idea, the degree to which objectives are achieved and the extent to which targeted problems are solved₃ also has incomparable influence, creating the most revolutionary strides in industry specific markets. I believe all sources of innovation arise for a solution to a problem but for my first example, I will draw from...
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...unnoticed. The success of an organization depends on many marketing strategies. Marketing Definition Marketing refers to a business or product being advertised to a customer to satisfy their needs. According to Kotler and Armstrong (2010), “Marketing is the social process by which individuals and organizations obtain what they need and want through creating and exchanging value with others.” Marketing is also defined as an activity to explore options in how to satisfy a customer and keep a customer loyal to a particular organization. It is also pertinent to adjust an organization with the current economy (Perreault, Cannon, & McCarthy, "Marketing Defined," 2011). Importance of Marketing The importance of marketing is based on the consumers’ wants and needs. In profit and non-profit organizations, marketing is an important role in each business. Marketing is often portrayed as an advertisement to a customer. A product or service that is being marketed is to portray the consumer of how satisfying the product is. Once the consumer is convinced of how well the product or service is, the consumer will be more likely to develop a sense of loyalty to a particular business. In this case, the marketing strategies are successful. An important factor of marketing is to ensure the marketing department is keeping up with the current economy and new innovations. From an organizational standpoint, success is the key to longevity. Without proper marketing and...
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...In conceptualizing a business plan and understanding the value alignment with a company and an individual, Team A has selected Johnson and Johnson (J&J). Team A will analyze the values of each team member and how his or her values compare to the values of Johnson and Johnson. Enclosed below is an outline of subsequent evolution values and action alignment between plans and actions. Team A has reflected the degree of differences in individual values versus J&J stated values. Origins of Personal and Workplace Values A person’s values derive from family, friends, and life experiences shaping each individual’s perspective. Values are “a person’s principles or standards of behavior; or judgment of what is important in life” (Definition of Value, 2012, p. 1). The values each individual in Team A may differ in some form but to become a team the individuals must come to an agreement about a single set of values. Individual values are instilled through those closest such as family, friends, and mentors. As the person grows older and wiser these values sets him or her apart from others around them; although all share a set of common values. Similar to Team A corporations must have a foundation that guides the company and at the same time communicate to employees and the public the company’s vision and mission. Explain how your team values drive its actions and behaviors Team A’s values are important because they set us apart from other teams. In the academic setting Team...
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...to the successful evolution of any family business is the development of the younger generation of the family members for the leadership, commercial and general business skills demanded of the family by the business. In addition, younger generations should understand the responsibilities that success can bring, and how best to ensure their positions of commercial influence and the benefits given to them by personal affluence, are deployed in ways which will give them the best chance of fulfilled, productive and happy lives. Key challenges include: * Development of family members involved in the business and preparing them for future leadership if appropriate * Educating the next generation to be responsible owners of the business * Encouraging them to be responsible with wealth * Developing a cohesive team in the next generation which can work together to arrive at consensus, allowing continued business success and family harmony. Challenges facing the next generation The next generation often have a tough act to follow. This, coupled with the normal challenges of family life, presents a particularly demanding set of challenges, including: * Increased choices - not all will want to join the business straight from study, if at all * The pressure of living up to expectations * Sibling rivalry * Knowing how to connect with the business if they are not directly involved * Changing lifestyles - children in family Businesses are often raised in a...
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...Innovative Business Practices Innovative Business Practices: Prevailing a Turbulent Era Edited by Demetris Vrontis and Alkis Thrassou Innovative Business Practices: Prevailing a Turbulent Era, Edited by Demetris Vrontis and Alkis Thrassou This book first published 2013 Cambridge Scholars Publishing 12 Back Chapman Street, Newcastle upon Tyne, NE6 2XX, UK British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Copyright © 2013 by Demetris Vrontis and Alkis Thrassou and contributors All rights for this book reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner. ISBN (10): 1-4438-4604-X, ISBN (13): 978-1-4438-4604-2 TABLE OF CONTENTS Chapter One ................................................................................................. 1 Knowledge Hybridization: An Innovative Business Practices to Overcome the Limits of the Top-Down Transfers within a Multinational Corporation Hela Chebbi, Dorra Yahiaoui, Demetris Vrontis and Alkis Thrassou Chapter Two .............................................................................................. 17 Rethinking Talent Management in Organizations: Towards a Boundary-less Model Carrie Foster, Neil Moore and Peter Stokes Chapter Three .......
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...political and social sectors that emphasizes the importance of responsible operation in all spheres of corporate activity. Now accepted as a benchmark for good practice, transparent social and environmental responsibility has become an essential part of the business planning. While acknowledging the strides towards success, corporations must and will reach to a place where corporate social responsibility is at the very heart of their priorities in order for them not to operate in isolation. Local corporations who look forward to 2015 and beyond, their goal is to become a key distributor to Qatar’s national vision for 2030. In support of this, they must be known to their people, innovation, operating excellence and their corporate social responsibility through which they must set the standard for the environmental performance and attract, retain, develop and motivate a high caliber and diverse workforce. Safe products and working conditions not only attract customers but lower the internal costs of accidents. Efficient utilization of land, water, energy, and other natural resources makes business more productive. Good government, the rule of law, and property rights are essential for efficiency and innovation. Strong regulatory standards protect both consumers and competitive companies from exploitation. Ultimately, a healthy society creates expanding demand for business, as more human needs are met and aspirations grow. Any business that pursues its ends at the expense of...
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...advance leading models of sustainable social innovation. It identifies a select community of social entrepreneurs and engages it in shaping global, regional and industry agendas that improve the state of the world in close collaboration with the other stakeholders of the World Economic Forum. Social entrepreneurship is about applying practical, innovative and sustainable approaches to benefit society in general, with an emphasis on those who are marginalized and poor. It is a term that captures a unique approach to economic and social problems, an approach that cuts across sectors and disciplines grounded in certain values and processes that are common to each social entrepreneur, independent of whether his/ her area of focus has been education, health, welfare reform, human rights, workers' rights, environment, economic development, agriculture, etc., or whether the organizations they set up are non-profit or for-profit entities. It is this approach that sets the social entrepreneur apart from the rest of the crowd of well-meaning people and organizations who dedicate their lives to social improvement. About organizational models * Leveraged non-profit ventures The entrepreneur sets up a non-profit organization to drive the adoption of an innovation that addresses a market or government failure. In doing so, the entrepreneur engages a cross section of society, including private and public organizations, to drive forward the innovation through a multiplier effect. Leveraged...
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...Counter Ads Name: Institution: Course: Date: Counter advertisement is made to make the consumers aware of the dangers and the harm a product can cause to them. In most cases, I have witnessed counter-advertisement utilized to create awareness of the possible negative influence that alcohol may cause to the consumers and other related issues. Such action will work effectively if done through the media in the form of printings or video broadcast. They counter advert can also be labeled with the product to make sure that everybody who buys that product has seen that label. The public health departments are increasingly using the counter advertisement to impact the good behavior among the consumers. There are those who argue that creating awareness of the side effects cannot be the appropriate means to pass the information via the mass media. The counter ads communication structure can be used for the promotion of a wide responsibility to perfect the challenges facing health. Initially, the normal advertisement promotes the policies and the product counters ads, on the other hand, promote only the views that are relevant by the health of the public. The key role played by the counter ads is to change the existing views that public health problems are the same as the personal health problems. The counter ads result to conflicts between various parties because they mix up health issues with the political and social issues. The acceptable strategies to carry out such counter advertisement...
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...its innovations ABSTRACT The continuous market pressures and competitions pushes the organisation to be in the race of making innovations besides safeguarding the talent and information they own. The race for new products and services for the customers arises due to increasing awareness and exposure through social media. This essay focuses on studying the knowledge management jointly with social media leading to innovation. The essay seeks to examine the role of social media taking IKEA as the case of interest. It aims to further investigate how knowledge management through social media help a company in its innovations, product development and services. 1. INTRODUCTION. Knowledge management has become the buzzword in recent past in the industrial sector. Companies have become very focused on the knowledge assets that they own and the capabilities of their organisation or company and staff to utilize theses assets. Thus, knowledge can be called a resource which could be acquired, exploited and applied to achieve success and advantage for the company (Zack, 2003). However, companies that fail to manage the knowledge it has might surely be losing its capabilities, potential and brains (Denford, J. S., & Chan, Y. E., 2011). The benefits that knowledge management offers ranges from promotion and elevation of unequivocal knowledge to attain efficiency and innovation in various business practices (Durrant, F., 2001). 1.1 What is knowledge management and its importance? The...
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