StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Apple Takes On the Trillion-Dollar Health Industry - Essay Example

Cite this document
Summary
"Apple Takes On the Trillion-Dollar Health Industry" paper focuses on the article authored by John Tozzi which describes the role of the Apple Watch in the strategic entry of Apple into the health industry. The source came from Bloomberg Businessweek online…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
Apple Takes On the Trillion-Dollar Health Industry
Read Text Preview

Extract of sample "Apple Takes On the Trillion-Dollar Health Industry"

The basic meaning of the article is that Apple is ready to lead in the production of innovative healthcare products that both prevent and manage diseases. The article, moreover, will help me succeed in class and my employment because it inspires me to also find new innovations where I can use my strengths as distinct advantages. First, the article has the elements of strategic analysis, strategic choice, and strategic implementation (Kew and Stredwick 205). Apple has a vision of being a leader in innovative products that can change industries for the better (Hull).

The Apple Watch represents Apple’s vision as it enters an industry that it is new to it too. This is similar to Nintendo’s Wii which became a health care product when it promoted physical activity that has entertainment and social value. Apple Watch is an innovation that can help Apple become a more familiar brand in the healthcare sector. Moreover, Apple shows that its strategic choice is about innovation. It is not afraid of promoting change, as its watch combines prevention and disease management (Tozzi).

Furthermore, the strategic implementation of Apple is to start with a product that is already based on linking existing systems. For instance, Tozzi says: “HealthKit will plug into electronic health records from Epic and other providers, enabling smoother communication between doctors and patients.” Apple Watch shows that the strategic choice is about improving how systems can work together, and how it can offer something new now and in the future. Apart from these elements of strategic management, the article has the basic meaning that Apple is ready to lead in the production of innovative healthcare products that both prevent and manage diseases.

Apple Watch can help people monitor and improve their physical activity which prevents the development of chronic diseases (Tozzi). At the same time, it produces data that shows trends in health conditions that can also help patients in independently manage and treat their diseases (Tozzi). The meaning of the article is that the strategic management of Apple means being open to changes by entering new markets and sectors. The article, additionally, will help me succeed in class and my employment because it motivates me to also find new innovations where I can use my strengths as distinct advantages.

If Apple is not afraid to try something new, then I should also not fear changes. I should be open to trying new skills, learning new knowledge, and finding out how I can use my strengths to become a better person and a more knowledgeable and skilled employee. The article helps me in becoming more open-minded about what I can become. The article is not simply about the Apple Watch because it shows the strategic directions of Apple. Apple wants to be in the business of innovation and excellence and I believe that the Apple Watch is a sure step towards it. Likewise, this article inspires me to pursue self-growth. 

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Article Analysis Essay Example | Topics and Well Written Essays - 500 words - 5”, n.d.)
Retrieved de https://studentshare.org/management/1656729-article-analysis
(Article Analysis Essay Example | Topics and Well Written Essays - 500 Words - 5)
https://studentshare.org/management/1656729-article-analysis.
“Article Analysis Essay Example | Topics and Well Written Essays - 500 Words - 5”, n.d. https://studentshare.org/management/1656729-article-analysis.
  • Cited: 0 times

CHECK THESE SAMPLES OF Apple Takes On the Trillion-Dollar Health Industry

Convergence: Past and Future

Based on industry analysts' outlooks, between 2005 and the end of the decade, TMT practices of DTT member firms forecast the generation of at least a trillion dollars in revenue from emerging convergence products as well as services.... n the near term, the health region needs a revamped telephony strategy to replace its aging as well as costly equipment and services.... At an 'end of life' condition within five years, the health region has a large number of single-purpose propriety networks....
4 Pages (1000 words) Essay

The Development of Wealth Management Industry

An author of the following article seeks to introduce the fundamental principles and objectives of the wealth management industry.... Furthermore, the article describes the current challenges faced by the industry as well as new plans for future development.... Since wealth management has scored the fastest growing in late 1990, all of the financial services industry sector and even though the recession after that wealth management still attract investors....
9 Pages (2250 words) Article

Apple Case

Irrespective of the demise of Apple's founder and CEO, Steve Jobs, in the year, the company has continued to perform exceptionally well and wade off industry rivals.... As can be discerned from a competitive strength evaluation, Hewlett-Packard (HP) and Dell are two of the strongest industry partisans, hence greatest competitors to Apple.... Other potent competitors, especially in the global PC industry include Lenovo/IBM, and Acer, which attained a market share of 12....
8 Pages (2000 words) Research Paper

Money Laundering as a White-Collar Crime

The paper "Money Laundering as a White-Collar Crime" focuses on the critical analysis of a clearer insight into money laundering as a white-collar crime.... It discusses the nature and organization levels of money laundering and highlights who the offenders are, and why they might commit such crimes....
14 Pages (3500 words) Research Paper

Inventory and Service Costing

Since its incorporation on 3 January 1977, Apple has grown tremendously in the industry in all parameters including revenue collections, market capitalization, and market share.... The company is currently ranked second in the Information Technology industry by revenue following South Korea's Samsung Electronics.... It is a strong brand name in the industry posting high revenues.... apple Inc.... apple Inc.... apple had 394 official retail stores in 14 nations in the world by November 2012 (USSEC, 2012)....
14 Pages (3500 words)

Evaluation of Corporate Performance - Apple

Apple software comprises the Mac Operating System, X OS, the iTunes social browser, the i-Life applicable of multimedia as well as ingenuity apps, the i-Work suite of production software, ultimate Cut mansion, a collection of expert audio and movie-industry software commodities, in addition to Logic Studio, a collection of audio instruments.... apple software comprises the Mac Operating System,.... The paper "Evaluation of Corporate Performance - apple " is a perfect example of a finance and accounting case study....
6 Pages (1500 words) Case Study

Financial Analysis Apple and Samsung Companies

Samsung was founded in 1938 by Lee Byung-Chul as a trading company and diversified into insurance, food processing, securities, textiles, electronics industry, and shipbuilding industries between1960s -the 1970s.... The paper " Financial Analysis apple and Samsung Companies" is a great example of a Finance & Accounting assignment.... apple, Inc.... The paper " Financial Analysis apple and Samsung Companies" is a great example of a Finance & Accounting assignment....
15 Pages (3750 words) Assignment

International Financial Reporting Standards Regulation in Apple Inc

The paper "International Financial Reporting Standards Regulation in apple Inc" is a perfect example of a case study on finance and accounting.... apple Inc.... The paper "International Financial Reporting Standards Regulation in apple Inc" is a perfect example of a case study on finance and accounting.... apple Inc.... The paper "International Financial Reporting Standards Regulation in apple Inc" is a perfect example of a case study on finance and accounting....
18 Pages (4500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us