Application of the Fundamental Principles of Management at Apple
The final project for this course is the creation of a decision-making and principles of management paper.
As you continue on your path to earn a degree in business administration, you will deepen your understanding of how effective management is a crucial aspect of overall business success, especially in today’s complex business world. As business and society continue to evolve, there will continue to be a demand for managers who are able to organize their resources and strategically implement the functions of management to achieve the goals of an organization.
The final paper for the course is divided into two parts: Final Project One and Final Project Two. Both parts of the assessment will focus on decision making and the fundamental principles of management. In Final Project One, with the help of your instructor, you will select a successful company from the list provided. You will analyze the company’s best practices and effective implementation of the fundamental principles of management. Final Project One is divided into two milestones which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Module Two and Module Three. Final Project One will be submitted in Module Five.
In Final Project Two, with the help of your instructor, you will select a struggling company from the list provided in the Final Project Two Document. You will analyze the company’s ineffective implementation of the fundamental principles of management. Once you analyze the struggling company, your task will be to make recommendations for a management improvement plan explaining how the company’s management team can improve in areas such as decision making, employee performance, and sustainability. Final Project Two consists of one milestone, which will be submitted to scaffold learning and ensure quality final submissions. The milestone will be submitted in Module Six. Final Project Two will be submitted in Module Eight.
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Department of ABC, University – Whitewater
ABC 101: Course Name
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Application of the Principles of Management at Apple
Introduction
Even though each organization is situationally and contextually unique, researchers (Godwin et al., 2017) agree that implementing the fundamental principles of management often leads to success. Apple Inc. is among the most successful organization in the modern business environment. The organization's vision is to make the best products on earth and leave the world better than we found it. To this end, the mission is to bring the best user experience through innovative hardware, software, and services. In their organizational analysis of Apple, Tasnim (2018) emphasized that the deliberate and directed effort to apply the fundamental principles of management has partially contributed to the organization's success. These principles include planning, organizing, staffing, leading, and controlling at the most basic level. Thus, the current paper aims to outline the extent to which these principles have contributed to the success at Apple.
Company Profile
Apple's corporate mission indicates that the company is focused on computing products. Computing products encompass not just smartphones and computers but also other services and goods based on computing technology. This mission is communicated within the company through both actions (from leadership and management) and the organization's internal communication channels. For example, the company is at the forefront of recognizing consumer electronics market trends and the industry environment. The company then releases official statements that point to the corporate mission and vision based on their observations.
The management plays a significant role in communicating and demonstrating the company's vision and mission and executing Apple's strategic management plan. At Apple, the generic strategy is broad differentiation, focusing on key features that differentiate the company and its products or services from competitors. For instance, according to Steve Jobs (SNHU, 2018), the company is running engineers instead of MBA managers. In essence, engineers play the role of management which is advantageous because they understand the scope and relevance of projects distributed across teams. From an engineering point of view, this focus gives Apple the structure of a startup rather than an accomplished company. Thus, the role of engineers in management positions has also enabled the company to thrive amidst intense competition through differentiation.
The management is also fundamental in influencing the organization's culture of creative innovation. The key aspects of this culture include top-notch excellence, creativity, innovat...