What can we learn from Apple?
- Author David Willden
- Published June 30, 2011
- Word count 423
Apple Inc. is the most esteemed company worldwide. It has been the most respected, according to Fortune Magazine, for four years. The apple company is the most in cut-throat and the fastest shifting market. In 2010 its revenue was sixty-five billion and their net income was $14 billion dollars. Its stock price tag has been as low $1.82 a share and these days it is more than $three hundred and fifty a share.
Gaining knowledge from Apple company about Strategy
To truly comprehend the strategy of Apple Inc., we need to comprehend its story. One story of Apple is that of Steve Jobs. His story is one of hope, an aspiration, excitement and remarkable results. However, it is additionally one of arrogance, tests, and failure. The account of Apple Inc. is a real human account - one that pertains to every one of us. Apple Inc. is where it is today mainly because of the refiner's fire it experienced and it persistence. Its key to future accomplishment will depend upon its adherence to fundamental guidelines.
Basic Guidelines
In Jim Collins' landmark book "Good to Great" he shares essential conclusions from his 5-year study project where he and his team compared companies that made a jump to greatness and those that did not. Greatness, he points out, is matter of conscious choice and discipline.
One of the most significant points Jim emphasizes is the "hedgehog" principle. A key to greatness is locating the junction, or the sweet spot, of where your passion and strengths, intersect with economic possibility.
Passion is what you love. It is exactly what will keep you inspired and focused. Your strengths are the foundation that enable you to create the best contributions. Jim stresses becoming the "best in the world." The concept is to be the best possible so as to produce a difference. "Being the best" taken to an extreme leads to arrogance,arrogance, selfishness, prejudice, and true failure. The very best viewpoint is, "how can I best magnify my strengths to bless others." Love is the strongest motivating force. When your passions and strengths are focused on providing the best value feasible to others, then you have discovered your own sweet spot.
While Apple Inc. stayed focused in balanced way on their sweet spot, they did well. When the target was on profits 1st, they flourished for a period but then became egotistic, and started to descend speedily. When The business concentrated on their own passions instead of the customers, they failed.
To learn more regarding Apple, visit http://strategy-keys.com.
Strategy-keys.com (http://strategy-keys.com) is an internet site concentrated on providing business strategy breakthrough practices and insights.
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