Business

APPLE INC. STAKEHOLDERS 1

APPLE INC. STAKEHOLDERS 4

APPLE INC. STAKEHOLDERS

Folashade Aina

Intro of Business

Professor Yorkshire

September 2, 2021

Each business has the stakeholders that keep it running. Stakeholders refer to the parties that hold a certain level of interest in a company’s business, and the parties can either be affected by the firm, or they can affect the business. Apple Inc. is an American multinational company that has its headquarters in Cupertino, California. Apple’s Inc. stakeholders include; customers, employees, suppliers, vendors, competitors, and the government.

The customers form an essential part of Apple Inc. since every product the company produces must meet customers’ expectations. The customers’ stake at Apple Inc. is on the product and the services that the company renders. The customers are the main reason why the company keeps going because they the much-needed revenue. At Apple Inc., employees are critical stakeholders because they play a crucial role in its day-to-day activities. The employees’ stake is to ensure that the products and services delivered to the customers are of acceptable quality and meet the customers’ preferences (Mukul et al., 2021).

Apple Inc. does not produce the raw materials used to build its products hence rely on their suppliers. Suppliers are essential stakeholders at Apple Inc. because they help the company make the products and services they offer. Supplying quality products allows Apple Inc. to build quality products increase the company’s competitiveness. Vendors’ stake at Apple Inc. is to create a link between the company and its customers. Vendors make the company’s products accessible to customers who cannot access the company direct hence improving the company’s sales (Obel & Gurkov, 2021).

Apple Inc. operates in the technology industry, which is highly competitive, making competitors critical stakeholders. Competitor’s stake at Apple Inc. is to create an environment where Apple is challenged to improve and gain a competitive advantage. In a fast-evolving industry, competitors help Apple Inc. realize the areas that it must improve to maintain its competitive advantage. The government is also a key stakeholder, and its stake at Apple Inc. is to create legislations such as Taxes that are favorable to the company (Mukul et al., 2021).

References

Mukul, K., Rao, K. N., & Kundu, S. (2021). Individual freedom vis-à-vis integrity of the state: A study with reference to Apple iPhone. Emerging Economies Cases Journal, 3(1), 16-20.  https://doi.org/10.1177/25166042211027425

Obel, B., & Gurkov, I. (2021). Strategic orientation of the firm towards its stakeholders and inclination towards sustainability – the conceptual framework. International Journal of Organizational Analysis, ahead-of-print(ahead-of-print).  https://doi.org/10.1108/ijoa-04-2021-2721