The paper "Strategic Risk Management in Apple Inc" focuses on the company's business model innovations and new designs, effective risk management capabilities through financial leverage and superior economic performance. Corporate risk management practices have been a trend under the support of an effective and creative team…
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Apple has to survive as an organization to meet the needs of its customers not just in technical ways. It changed its name to Apple Inc., a more accurate and competing name. It is a leader when it comes to products and services. Apple started its humble beginnings in a garage, met ‘turbulences’ and tests along the way as an organization, and now is a leader in the marketing of PCs, iPods, iPhones, operating systems and software.
Apple uses aesthetic and elegant designs in many of its products. It is the basis for adapting its business model over the last three decades. This will continue for the next five years, and even for the many years ahead for it is what makes Apple different.
Apple seeks to “change the way people behave” versus just competing in the market-place for traditional products. In doing so, it has been able to establish first-mover advantages through radical concepts using elegant design, and relatively perfect market timing recently to establish its advantage. Others seem to compete in commodity businesses with incremental innovations, while Apple creates a new concept in the consumer’s mind. It is most likely for this reason that other executives see Apple as a strong innovator in consumer electronics.
Apple relies on its own strategies of innovations, captivating the customers’ way of looking at things. This age is an age of technological innovations, and Apple seems to answer the call of the masses that are hungry for new things, and new innovations in technology.
For the next five years, and beyond, Apple Inc. will continue to introduce new aesthetic and elegant designs. Steve Jobs will continue to rule Apple, backed up by a pool of expert and creative team. Apple has a strong foundation of innovation.
Apple’s successful products will determine its future in the world market Apple introduced many innovations on the personal computer, such as distinct and aesthetic designs, features which have been embraced widely within the industry (e.g., mouse, graphical user interface, etc.).
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