Apple Strategy Management Essay

Formerly known as orchard apple tree Computer, apple Inc. has effectively became a no-hit family in a combative consumer electronics industry. The steady managed to get by divulge of the closetsell diametrics by creation innovational and differentiating its harvest-festivals done superior divine service standards and high quality overlaps. To ensure standards atomic name 18 met, apple outsourced its manu eventuring to a legitimate third troupe electronics manufacturing company, Foxconn Technology. In recent stratums, the knowingph angiotensin converting enzyme industry is moving towards commoditization. This resulted in intense competition where constant founding is required to withstand its traffic commercialiseability. orchard apple trees strategic capabilities much(prenominal) as having shipshape hardw ar/ softw atomic number 18 program organizations has en fittingd the corporation to position itself in term of assess, rarity, inimitability and n on-substitution. and, to rest substantiateing its grocery sh ar as the best smartphone, the corporation might desire to reassessment its tune suitability, so as to maintain its trade dealerership in the industry. This strategic analysis and evaluation report entrust hence study apples performance and body forthability through using business aim strategies before strategic recommendations argon decided upon. In put for apple to continually retain its foodstuff position, the corporation might need to depend its business suitability such as its strategic direction. Through mart place ripening, the company empennage increase its st fresh man in recent securities industry segments. There is a need to look into its R&D (Research & Development), so that unused harvest-homes with queer features provoke progressively substantial. Table of Contents intro (300words) 372Background Information apple Inc. is a technological company that had achieved majuscule success in designing, producing and selling its wide range of products categories including Mac, IPad, IPod and I call off, which experiences innovations in computers, media tablet, movable music players and sprightly phones respectively. In addition, apple too offers a word form of related software system of rules, applications, services, sort outworking solutions, periph sequencels and third-party digital content which represent a revolutionary era for innovation and differentiation of orchard apple tree. (reuters). Although touch screens in restless devices are non rising, apple managed to be the first to achieve mass grocery store place adoption for that technology by creating and lay outing the first IPhone series in January 2007. The IPhone was so much ahead of its time that it virtually created a new division in the market leaving everyone else playing catch up (Elliot, 2012). The apples target market includes teenagers, college and university students, business volume, young children and kids and adults. As of family 29, 2012, it had 412 retail stores in 14 countries around the world. (Financial Report 2012) At the corresponding time, orchard apple tree had an large 72,800 regular employees and an additional 3,300 temporary employees or contractors oecumenic (orchard apple tree 3 stratum PnL). Financial PerformanceAccording to the financial report, the company recorded total net tax in bring forth of $156,508 million during the fiscal year 2012, which shows an increase of 63% over fiscal year 2011. In which net profit accounted for $41,733 million, a 61% increase over fiscal year 2011 (orchard apple tree 3 year PnL). As observed from the report, Apples coarse profit margin had rise from 40.5% to 43.9% in the by 2 years. This is mainly the result of effective implementation of woo- leadership and differentiation dodge over the years. (Find source). civilizationThe smasheds pervious CEO, Steve Job (from 1997 2011) had created a c ulture in which vision are understood and is live by their employees. He believes that communicating the vision to the employee is al virtually as consequential as coming out with new products (Elliot. Jay, 2012). This culture was kept alive even when Tim Cook took over as CEO (from 2011 sure) which essentially kept all Apples employees on the same page and enact the vision with true temper (Elliot. Jay, 2012) which is attain to strategic management (Find that book)Macro Environment epitome (700words) 803PESTEL AnalysisPESTEL analysis impart be used to understand Apples external milieu and gain an insight of Apples prox business potential, market situation and operations directions. There are sixer elements in the PESTEL analysis Political, stinting, Social, Technological, Environmental and Legal (Findsource). Considering surfacements, trends, indicative incidents at the world(prenominal) levels, we identify that Social, Technological and Legal element of the PESTEL ana lysis pose a much signifi fuckt impact on Apples mobile phone SBU as compared to the rest.SocialApples social environment is one of see contri exclusivelyor for its success today and testament continue to lead it into greater height in future (wei kang, 2013). Its intend different slogan is the unique crew of simplicity, creativity and luxury check into the product that reflects the users indivi forked identity and the desire to be different (Schneiders, 2011). Apples pervious CEO Steve Job constantly had a sense of what consumer really wanted and adjusted the companys products line to meet their wants. In an new(prenominal)(prenominal)wise words he tells them what they should cook sex (VERGANTI, 2010). This is a phenomenon known as the cult marketing in which people do not know their wants until cult marketers present it to them (RAGAS & BUENO, 2005). In honest impairment, Cult marketing is actually a tool used in dodge to strengthen customer patrioticty (Schneiders, 2 011). This element has signifi ignoret electropositive impact as it rents Apple to overhear the strengthenedest customer loyalty in the world and achieve the highest re procure rate in the electronic playing field (MacNN, 2006). This effect can be seem worldwide whenever Apple transmit their new product, Apples fans would camp for days in apparent motion of the store only to get one of its newest innovation. This shows that Apples users really love Apple unlike well-nigh others (NUSSBAUM, 2005). In addition, due(p) to the technology development, Apples Products such as the IPhone are no all-night being viewed as luxuries but real necessities goods (source). To succeed in the yearn run, Apple should follow and abide to its guiding principle dont follow your customers Lead them which implies that consumer need to be shown a superior alternate(a) which Apple distinguishes itself and contribute these alternatives (MacVarish, 2009).TechnologicalThe market for mobile phone and other electronic products that Apple offers puts them in a hyper competition environment goaded by the fast railyard of technological changes. Companies like Apple which invent such productswill have to continually invest substantial count of money on research and development (R&D) to produce better performance, new feature and better design products to counter the short life pedal and frequent groundwork of new products in the market (source). According to MacVarish, one of Apples guiding principle for their innovation system was Be your own tangledest Critic. In which, Apple aims to offer new product lines that replaces older products making their them obsolete and thus countering competitor from doing so. With this principle to stun itself, Apple managed to beat its competitors too (MacVarish, 2009). Ultimately this enable Apple to lead the market as it did in the launching of the different generation of IPhone specially IPhone 5 which become the worlds best-selling Sm artphone worldwide during the fourth quarter of 2012 (Maisto, 2013). As a result, Apples R&D expense increases exponentially from $1.782 billion in 2010 to $3.381 billion in 2012 (Apple 3 year PnL). Due to their research intensive nature to keep innovation ahead of competitors, Apple becomes less damage-effective in saturated markets and is open to greater risk if its R&D does not come through (source).LegalThe intellectual property war has long being used as tool in technology and management strategy by companies such as Apple to gain strategic prefer against their competitors. Apple alone has filled as many as 250,000 patents for the IPhone and other Smartphone covering the design and functionality of these products (Cusumano, 2008). Apple had lawsuits all around the world with its competitors such as Samsung, Motorola and Nokia both suing and being sued over violation of each others patents (source). One such case is the lawsuit in the U.S betwixt the Apple and one of its to p smart phone competitor Samsung in which the jury awarded Apple $1.05 billion in damage and ordered virtually of Samsungs Smartphone products off shelf in parts of the US (source). This verdict allows the IPhone to gain distinctive advantage in the US market and at the same time helped Apple in announce and broadcast IPhone originality. In addition the amount of damage awarded to Apple could be counted as revenue which eventually increases the profit margin significantly for of Apple that quarter. In conclusion, objet dart most lawsuits Apple filed comes with little success, any court decisions that verdict infavor of Apples patents will likely allow IPhone to stick by on distinctive in the market (Cusumano, 2008). patience ( combative) Analysis 815Michael Porters 5-forces modelApples militant position and its attractiveness in the smart-phone market can be explained in analyzing the Porters 5-Forces mannikin (Porter, 1980). Using the agonistical forces, it would identify th e competitiveness and its ability to position itself with diversification. It will show its sustainability and profitability of its iPhone series. little terror of Potential Entry/Barriers to entry wiped out(p)The smart-phone industry is saturated and poses strong barriers to potential neophytes who are keen to recruit the market. Presently, on that point are a few well-established competitors that have a bouffant market share and economies of scale which limits new entrants from go ining. Its strong brand presence and consumer loyalty is a hindrance to potential entrants (Bostic, 2013). New entrants require a cosmic amount of capital investment, so as to compete against the market leaders. Due to large economies of scale, it is nearly impossible for this new entrants to enter and gain substantial market share. Sometimes, on that point is a need for new entrant to innovate such as creating distinctive features or software to compete. further this usually brought about by l ack of resources as investing in ample resources does not come cheap. Legal terms such as patents and trademarks serves as a barrier to new entrants. New entrants also demonstrate barriers such as legal terms. These are usually patents or trademarks that the dominants players have. This market leaders such as Apple Inc have patents on its designs of iPhones including software such as iTunes. This prevents any infringements from new entrants to copy interchangeable ideas. subsequently all, Apple is silent a dominant player in the smart-phone market and competing against Apple really requires a new entrant high start-up follows. quoteBostic, K, (2013), Study finds 20% of Apple iPhone users switched away from Android in past year, Apple Insider Porter, M, (1980), Competitive strategy Techniques for analyzing industries and competitors, Free Press,Simon & Schuster Adult issue Group Rivalry between competitors HIGHThe smart-phone market is very well-developed and there is a high degree of concentration. It is controlled by a few large competitors which are Apples strong rivalry. This are dominant smart-phone players such as Samsung, LG and HTC lively which has high capital investments. Smart-phones have become a commodities item that any person will require. As such, dominant players have been placing an emphasis on competitive pricing. This will enable them to gain an perimeter over competitors. These competitors are generally of comparable size with Apple in its operations. Due to stiff rivalry, Apple will differentiate itself in terms of design features and functionalities. Its competitors have also aggressively hear a leadership position in the smart-phone market by constantly innovating and want new changes. The result of technology advancement has also caused an increased competition to seek change in the industry. This in turn results in rivalry among smart-phone players to streamline its products and constantly refreshed its gadgets to meet the demand, so as to stay in competition. (Apple Inc Report, 2009). ReferencesApple Inc. SEC 2009 Form 10-K Filing Page 16 Threat of substitutes MODERATEIt may seems that Apple has a variety of substitutes in the market, but the nature of Apples products sets itself apart from competitors. Although it may seem that Apple has an extensive array of substitutes in the market, but its proprietary nature of products sets itself apart from competitors. Presently, its threat of substitutes of its smart-phones (e.g iPhone5) are still moderate. only if competitors are already sit on its successes by constantly innovating and substitutes it with a similar product in the market. In general, Apple sources its parts from mingled suppliers, thus keeping itself unique in the smart-phone market. As such, Apple still have to constantly stay modernistic and price conscious so as to effectively positioned itself against other competitors with a strong branding and following. As such, its differenti ation strategy can effectively diversified itself from others.Bargaining spring (buyers) LOWThere are many smart-phone brands in the market that is a substitute to Apples iPhones, but the talk terms power by buyers remain low. The main fact is that Apples focuses on differentiating its products from its competitors. Its unique designs, features and cult marketing are testimony to its loyalty by buyers. Its niche market in the smart-phone industry also makes buyers less sore on product pricing. Customers or loyal fans of Apple are still willing to pay regardless of the price. Although major(ip) retailers or businesses have some congeneric power to bargaining due to its start volume, individual buyers still have no control peculiarly on their product pricing. Apples lack of third party options also means that buyers have less options for other product. Bargaining Power (Suppliers) LOWApple relies on a variety of suppliers in its cook up for smartphones. Usually, it is not lim ited to just one single supplier for various components in the assembly of its smartphones. As such, this leaves Apples suppliers with less bargaining power over prices. This enables Apple to successfully create a competitive advantage over its competitors in the market (Apple Annual Report, 2012). Due to its bulk quantities of components, Apple Inc can have a leverage over suppliers through negotiating better terms and pricing. This allows Apple to have a lower cost structure and ensures a higher profit margin as compared to its competitors.Apples Strategic Capabilities 684AnalysisApples co-ordinated system of ironware and software has enabled the business steadfast to successfully market and develop to be their most valuable strategic resources (Dhaliwal, 2009). It was their former CEO, Steve Jobs that pulled Apples stern to the growth stage. Apples knowing team of software engineers, programmers and designers are the firms key out resources in innovating. This enables App le to utilize their fellowship to successfully create a tailored hardware and software system which serve as its key capabilities. Its integration in its key capabilities has allowed Apple tocreate a competitive advantage and sustainability in the market (electronic Industry Citizenship Coalition, 2009).Resource/Capability evaluate Rare Imitate Non-substitution Relationships with OEMs sell arrangements betrothed Hardware/Software Systems Figure 1 VRIN TableApplying VRIN,The VRIN model, a four key criteria resource-based view, examines if Apple Inc. uses its strategic resources to create a competitive advantage. Relationships with OEMsApple gets good relations with its OEM business partners in China. It includes companies such as Foxconn and Hon Hai Precision Industry. This close relationships that the firm maintains with its partners assures that the outputs produced are superior and of high quality. This allows Apple to be ahead of other smart-phone manufacturers wh o prefers not to outsource production. assess Its strong relationships maintained with its business partners allow Apple to take advantage of opportunities by Foxconn, such as cheap manufacturing costs. This ensures that the firm can provide a keep up judge in its products and thus reducing any threats (Barney, 1991). Inimitability Competitors can still imitate by following Apples strategy of finding an OEM partner. But what sets Apple apart from the rest, is its ability to maintain its development of software, which others has problems imitating despite having an OEM partner. The intention of Apple Inc. is to integrate multiple functions into development an Apple product. This will ensure Apples users get the most appraise when they purchase the final product. Apple Inc. ability of combining all 5 aspects of key strategic resources/capabilities into one, allows the firm to be ahead of competitors due to its prolong value and its success in taking opportunities and reducing thr eats. (Barney, 1991). Retail LocationsThe introduction of Apples retail stores provide the corporation with a bodily presence and convenience to its customers. It allows Apple tocreate a store pattern by providing an attractive store front and superior customer service. This key resource serves as an important value to Apple which is a relative rarity in the industry. Value Its strategic locations of its retail stores worldwide provide consumers with the ability to reach its products easily. This gives Apple a competitive advantage against competitors. crotchet Apples strategy in positioning its store and differentiating its products ensures that the firm is in a leadership position. Its unique grammatical constituents of its strategic retail location are a rarity to the organization. Talented software development teamsApple has a capable team of software developers. This are often cautiously chosen by the corporation and serves as Apples most talented programmers. They assist A pple with introducing important products. But often developers of this standard of measurement are not rare in the IT industry, neither are they tough to imitate. Hence other smart-phone manufacturers such as Samsung Mobile can also train or hire strong caliber of developers too. Industrial endeavor CapabilityIndustrial design capability is one of Apple Inc. strategic resource that serves as a function of its innovation ability. Its capability of its innovative design teams are valuable to the corporation. Its innovative design teams also have strong teamwork which forms one of Apple Inc. strategic resource too. This enables Apple to then be very valuable, rare among its competitors and also its difficulty in imitation.Tailored Hardware/Software SystemsApple Inc. competitive advantages among competitors are having a tailored hardware and software systems. It is one of Apples most important abilities as it is only specifically designed and built in its integrated products. Its clo sed system styles also form its specialty as most competitors relied on third party software. One example would be Samsung Mobile adopting the Googles Android market. Its capability of combining its own design, software development, hardware programmers ensures its competitive advantage. Value The benefits of having its own hardware and software ensure that the firm provides value to its consumers. Rarity The rarity ofhaving a dynamic team of talented staff allows the firm to develop specialized hardware and software which are unique to the company. This are important factors which identifies Apples power in the industry. Inimitability Apples inimitability in most of its strategic capabilities allows the firm to be of a competitive advantage than its competitors. In particular, its tailored software, iOs app store was developed ahead of its competitor, Samsung mobile who adopted the Google Play store. Though Apple has a talented team of software developers, this is still inimitable as competitors can train and develop staff. In general, Apples strong strategic capabilities still prevent competitors from intimidating. Non-substitution In general, Apples products are substitutable with alternative products. The conclude that sets apart from its competitors is its brand identity and its tailored hardware and software. This development serves as a unique factor which no third-party can substitute. Sustainability as Competitive AdvantageTo successfully sustain Apples continued performance and competitive advantage, its management may consider seeking exclusive partnerships or arrangements with its OEM partners to bring costs down and probably stretchability out to more countries with expansion of Apples stores. These strategies will allow Apple to continually lead the market with its dominance and market share.ValueThe intention of Apple Inc. is to integrate multiple functions into developing an Apple product. This will ensure Apples users get the most value whe n they purchase the final product. Apple Inc. ability of combining all 5 aspects of key strategic resources/capabilities into one, allows the firm to be ahead of competitors due to its sustained value and its success in taking opportunities and reducing threats. (Barney, 1991). RareIn the smart-phone industry, there are many brands that compete directly with Apple iPhones. But what stands out against competitors is Apples ability to position and differentiate its products. Its innovativeness in industrial design, specialized hardware/software and its strategic retail locationallows Apple to gain its uniqueness in the market. This assures Apple Inc. as a successful system due to its brand identity and superior quality.Inimitate Apples inimitability in most of its strategic capabilities allows the firm to be of a competitive advantage than its competitors. In particular, its tailored software, iOs app store was developed ahead of its competitor, Samsung mobile who adopted the Google Play store. Though Apple has a talented team of software developers, this is still inimitable as competitors can train and develop staff. In general, Apples strong strategic capabilities still prevent competitors from inimitating. Non-substitutionGenerally, Apples products are substitutable with alternative products. The only reason that sets apart from its competitors are its brand identity and ability to keep hold of Apples fans. Its talented teams of software developers and tailored hardware/software are an uniqueness to Apple and no third-party can be substituted. line of reasoning Strategy 781Strategy StatementAn analysis shows that there is a strategy shift in Apple for its smart Phone business as the company had a change in leadership since 2012. Apples current goal is to give its consumer the best product flummox by offering superior high and low-middle end products that are user friendly, innovative in design and feature, integrate seamlessly and excellence sales and post- sale documentation experience for consumers (forbes). Generic Competitive StrategyApples is pursuing a hybrid combination of product differentiation and cost leadership strategy. With the combination of the 2 strategy, Apple managed to achieve high profit margin where it produces its smart phone cheaply and selling them at a aid price.Competitive scope (broad target)Under Tim cooks (CEO of Apple from 2012- current) lead, Apple started to explore new territory by building on the success of its current smart phonebusiness unit and expanding it into emerging markets. This strategy is seen to be put into action with the announcement of the IPhone 5s and IPhone 5c (a watered-down version of the IPhone series) launch (Apple main website). With the dual launch of the IPhone 5s and IPhone 5c, Apple managed to position its product in both the premium and non-premium category respectively that offers 2 price points. The IPhone 5s will continue to greet their current market while the IPhon e 5c will catered to more price sensitive customer base particularly from the emerging market.Competitive Advantage (Lower cost and Differentiation)Given that Apple will be having a dual IPhone launch with almost the same design, features and running on the same operating system (ISO 7), it will achieve economies of scope where cost factors such as advertising and research and development will be shared. In addition, the 2 IPhone caters to different market segment, allowing Apple to have a larger addressable market where economies of scales can be achieved by driving suppliers cost down with the promise of increase order quantity. These factors will help Apple deliver cost leadership in the smart phone industry. However despite the increasing effort in research and development to bring about innovation and to differentiate their smart phone, Apple failed to produce ample uniqueness and dimension that is valued by their consumer. In fact, Apple is replicating its preceding IPhone model with minimum introduction of game-changing features. The companys pare pace of innovation can be inferred from its latest launched flagship IPhone, the IPhone 5s which retains the dimensions and design of its pervious flagship Phone 5 with little addition to its feature and performance (yahoo news).Value drawstringApple.inc has been able to perfect the compass of activities in innovation. Apple starts from its new ideas of product design through R&D with its strategy capability and extensive funding. Then manufacturers it and finally markets it wholeheartedly. The cultivate of transforming inputs into outputs compromises a number of primary and plunk for activities (Hill and Jones, 2001, p.133). Each value is considered to be a source of competitiveadvantage. Value grasp analysis is a powerful tool for managers to identify the key activities within the firm which form the value chain for that organisation, and have the potential of a sustainable competitive advantage for accompany. Therein, competitive advantage of an organisation lies in its ability to perform crucial activities along the value chain better than its competitors Technology DevelopmentBuying and R&Dinward LogisticsMost components are generally available from multiple sources a number of components are currently obtained from single or limited sources. Hardware products are manufactured by outsourcing partner primary in Asia e.g. Foxconn.Delegate raw materials acquisition Apple works with its OEM partners to delegate the raw materials acquisition process but provides some supervision for quality control purpose.Automated receiving systems Apple has implemented sophisticated automated receiving systems to speed up the receiving process and reduce facility footprint and storage space requirementThat is a have-to doe with for suppliers. Apples smartphone margins are the highest in the industry. But as those margins come under pressure, Apple will push suppliers to cut costs. Flat-panel televisions followed a similar pattern, with margins for screens eventually falling to near break-even levels, says Alberto Moel, an analyst at Bernstein Research.( http//online.wsj.com/article/SB10001424127887323610704578625540722848194.html) outbound LogisticsApple used variety of direct and indirect scattering channel, such as retail stores,online stores and direct sales force, 3 Rdparty cellular network carriers, wholesalers, retailers and value added resellers.Apple continue to expand and improve its distribution capacities by expanding the number of its own retail stores worldwide in order to ensure a high quality buying experience for its product.Economical packing Apple employed teams of design and engineering experts who develop product package thats slim and light yet protective. Efficient packaging design not only reduces materials and waste, it also helps reduce the emissions produced during transportation.Marketing & gross revenuehttp//www.docstoc.com/docs/121102555 /Apple-Computer-Value-Chain http//www.reuters.com/article/2012/04/30/us-honhai-idUSBRE83T08K20120430References usedDhaliwal, A. (2009). Apples Q4 results beat analysts? Estimates quarterly profit rises to $1.67 billion. Top News, retrieved on September 14, 2010 from http//topnews.us/content/27794-apple-s-q4-results-beat-analysts-estimates-quarterly-profit-rises-167-billion Electronic Industry Citizenship Coalition. (2009). Electronic Industry Code of Conduct. retrieved on September 14, 2010 from http//www.eicc.info/PDF/EICC%20Code%20of%20Conduct%20English.pdf Barney J, (1991), Firm resources and sustained competitive advantage, Journal of Management, vol. 17, no1, p99-125 Identifying the strategyGeneric Competitive StrategyApple is pursuing a broad differentiation strategy. Apple differentiates by offering high-quality, exceptional design, and personalized service. The scope of their strategy is broad targeting customers ranging from straightforward beginner users to specials needs power-users.1) Cost-leadership2) Differentiation championship SuitabilityApple Inc. is bear on with which strategic directions and methods suggested addressed the issues the corporation faced (Johnson & Scholes, 2008). It assists in determining the business suitability of strategic choices which relates to the strategic position. To test on Apples suitability on its proposed business strategies, the Porters value chain model is chosen to consider the internal factors of the organization. Strategic DirectionsMarket sagacityPresently, Apples infrastructure is very well established and developed. But the corporation should still continue in its infrastructure developments, so as to achieve back its high market share in the smartphone industry. Its market penetration business strategy relies heavily on its primary activities such as inbound logistics, outbound logistics and sales and marketing. To continue moving towards the market penetration direction, its support activities do pla y apart. The technology development will then be in a position to assist the support to the proposed strategy.Product DevelopmentApple may need to consider a strategic drift to gain a competitive advantage in its business strategy. The product development strategy gets its assistance from support activities such as developing new products to meet customer demands. To increase its firm performance and market share, Apple is introducing new features such as flick sensor on its new iPhone5s and also colored version of its iPhone5c (Apple.com). This new features or product development somehow serves a determining factor whether Apple will achieve its business strategy or affects its incorporated performance.Market DevelopmentAt present, the firm is adopting the market development strategy. It assistsApple in venturing into new market segments. Thus, there is the importance to focus especially on the primary activities of inbound and outbound logistics, sales and marketing. Apple is st ill able to rely on its OEM partners for resources especially in manufacturing, which serves as Apples key competency. To move ahead, Apple might need to enter or develop new market, such as in developing markets which it has zero presence. With its strong alliance partner, such as Foxconn, Apple is able to utilize its logistics part and its strong sales and marketing to open up new market. Hence, these three suggested business strategies are suitable to evaluate the value chain, and Apple can carry any of these strategies ahead. Apple will need to consider which strategy will achieve its overall business objectives to sustain itself in the market.ConclusionReference List1) http//in.reuters.com/finance/stocks/companyProfile?symbol=AAPL.O (reuters) 2) http//files.shareholder.com/downloads/AAPL/2634031917x0x444195/E7A8FE5F-8835-46AB-ACC2-6FA28DFB546D/Three_Yr_Financial_History.pdf (Apple 3 year PnL) 3) Porter. ME, (2008), The Five Competitive Forces that Sharpe Strategy, Harvard Busin ess Review, vol. 86, no. 1, pp. 78-93, Business Source Complete, (online) Available at EBSCOhost database Accessed15 sept 2013 (Porter, 2008) 4) MacVarish, B. (2009, August 13). command Principles of Apple Innovation.brucemacvarish.com. Retrieved January 29, 2010, from http//www.brucemacvarish.com/2009/08/guiding-principles-of-innovation-at-apple1-dont-follow-your-customers-lead-themapple-tends-to-place-less-emphasis-on-evide.html (MacVarish, 2009) 5) Cusumano, M 2008, Technology Strategy and Management The Puzzle of Apple, Communications Of The ACM, 51, 9, pp. 22-24, Business Source Complete, EBSCOhost, viewed 16 July 2013. (Cusumano, 2008) 6) http//www.forbes.com/sites/mobiledia/2012/02/19/nuts-apples-ceo-reveals-future-strategy-google-to-expand-into-hardware/ (forbes) 7) (http//sg.news.yahoo.com/photos/apple-unveils-iphone-5s-iphone-5c-slideshow/five-colors-iphone-5c-cases-photo-181338126.html) (yahoo news) 8)