human resource management.
Bright.
fiona_asmus_powerpoint_1.pptxMS PowerPoint Presentation of Apple Inc.
HRMN 395
University of Maryland University College
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Introduction and Purpose for the Paper
Organizational analysis is the study of the procedures that brand organizations, including corporate, government agencies,, and voluntary associations such as charities, civil parties.
Ensuring the achievement of organizations is not only considered a management issue but a intellectual challenge (Hannan, 2015).
Purpose for the Paper
To investigate Apple Inc. current and future challenges to include the capabilities and requisite competencies of the employees.
To provide information in regards to the total rewards program
To evaluate the success of the total rewards program at Apple Inc.
Organizational analysis is the study of the procedures that brand organizations, including corporate, government agencies,, and voluntary associations such as charities, civil parties.
Ensuring the achievement of organizations is not only considered a management issue but a intellectual challenge (Hannan, 2015).
The purpose for the paper is to investigate Apple Inc. current and future challenges to include the capabilities and requisite competencies of the employees. Further, this paper would provide information in regards to the total rewards program and evaluate the success of the total rewards program at Apple Inc.
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Description of the Organization
Apple Inc. was founded in 1976 by Steve Jobs and Steve Wozniak.
Apple Inc. manufactures, designs and markets phones, computers, watches, iTunes and applications
.
Apple Inc. ranked #1 as world’s most valuable brand (The world’s most valuable brand).
Apple Inc. has been focusing on becoming the platform for media companies (Santariano &Shaw, 2015).
Part of Apple Inc. vision statement is to continue focusing on innovation and not to settle for anything less than excellent and stay commited to providing high quality products and services that can’t be offered anywhere else (Rowland, 2015).
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Capabilities of the Organization
Innovation
Quality products
Global presence
Dedicated customers
Rock-solid finance conditions
Network effects
Capabilities of the Organization
In 2014, Justin Helman performed a SWOT analysis on Apple Inc. Some of the capabilities mentioned were, innovation, faithful customers, strong financial performance and the brand reputation. Apple has launched many successful products and has been despite the changing environment. Apple Inc. is the most successful company in history. The company builds on their success by innovation and technology throughout the entire company. They have solved many application problems world-wide and have knock our rivals. Apple also makes more money than any other company (Englan, 2015).
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Requisite Competencies of the Employees
Innovative skills
Integrity and Trust
Ethics and Values
Creative
Tech Savvy
People person
Problem Solver
Business Insight
Leader qualities
Talented
Requisite Competencies of the Employees
The requisite competencies of the employees are generally related with Customer Focus, Integrity and Trust, and Ethics and Values, as well as creativity. The other requisite competencies of the employees was also mentioned by Tim cook during his hire shows in 2013. Tim Cook explained his belief in the right person for the right role and expressed that it could be up to 18 months before a candidate could get hired. This is Tim Cook’s way of saying that he needs talented personnel for the company that have the right abilities and skills to perform the job at Apple Inc (Stafford, 2013).
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Current Challenges
Growing beyond the iPhone with nothing to replace it with in the lineup.
Improving software quality for iOS.
Premium pricing
Long term gross margin decline
Current Challenges
Although Apple Inc. has a huge impact world-wide, there are some challenges the company is facing in current times. Stabilized management plagues most Fortune 500 companies and must constantly adapt to ever changing markets of todays technology. Apple Ink launch of the iPhone 6s and 6 Plus s were not as eye-catching for customers as they were when the first launch of the iPhone 6 hit. Same goes for the iWatch (Bajaj, 2015).
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Future Challenges
Brand management
Customer relationship management
Product development management
Rapid technological change
Future Challenges
Brand management strategies help make Apple Inc. further focused and able to differentiate its products from the competition. Customer relationship management (CRM) helps a firm develop a better focus on consumer requisites and desires. This allows Apple Inc. to focus on what customers now really want. With ideas not being presented currently the future of the company may depend on the input from customers that value the Apple Inc. products. Managing product development together with a focus on broadening competencies in new technologies will help enable Apple Inc. to become more innovative than before. Rapid growth in technology has not been a challenge with Apple Inc. but, because it is becoming an increasingly hard thing to challenge Apple Inc. will have to develop plans to ensure they stay ahead as they currently are (Bajaj, 2015)
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Academic Definition of Total Rewards Programs
Total Rewards programs are a number of instruments available to the employer that can be used to draw, encourage and keep employees.
Total rewards include Monetary rewards, non-monetary rewards and experience.
Total rewards can be defined as a total approach to compensation (The total rewards model, n.d.).
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Existing Total Rewards Program
Monetary: base pay, variable pay, and retirement
Non-Monetary: medical benefits, travel benefits, matching gifts, fitness, wellness centers, education assistance benefits and on-site medical facilities.
Work Environment: promotions, training and development as well as Community involvement.
Description of Existing Total Rewards Program
Apple Inc. believes in ensuring its employees are taken care of. They offer medical, vision & dental care at for different levels within the company, whether it be retail or leadership. Apple is also providing employees with a longer parental leave, education reimbursement for all classes employees take, student loan refinancing and full acceleration of stocks if an employee happened to die.
Young Smith, the current HR at the company has made diversity and inclusion one of her top priorities. There parental leave policy has extended the time frame parents can take paid leave off and this is up to 14 week for mothers and 6 weeks for fathers.
Apple Inc. wellness center is one that is also being encouraged to use by the head of HR. Apple is ultimately showing their employees they matter (Lev-Ram, 2014)
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Metrics to Evaluate the Success of the Total Rewards Program
Team productivity
Evaluations report on employees every 6 months
The fraction enhancement in workforce productivity
Metrics that Evaluate the Success of the Total Rewards Program
These metrics help evaluate the total rewards program. Employee evaluations ensures Apple Inc. has the best talents in the industry.
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Conclusion
There are numerous ways Apple Inc. has advantage over other companies due to its strengths and capabilities. Apple Inc. can remove some of weaknesses by ensuring it stay ahead of technology, one of the main drivers for the company. Further, this company can examine its current marketplace stance and create strategies when it comes to the companies future needs and accomplishments. Although there are some challenges Apple Inc. may face, they are still ranked #1 brand word-wide.
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References
Hannan, T. (2015). Organizational analysis. Encyclopedia Britannica. Retrieved from http:// www.britannica.com/science/organizational-analysis.
Sperry, L. (2013). Effective Leadership: Strategies for Maximizing Executive Productivity and Health. USA: Routledge.
World at Work. (n.s.) What is Total Rewards. Retrieved from http :// www.awlp.org/awlp/about/html/aboutus-whatis.html.
The world’s most valuable brands..(n.d.). Forbes. Retrieved from http://www.forbes.com/powerful-brands/list/# tab:rank
Satariano, A & Shaw, L. 2015. Apple said to suspend effort to develop live TV service. Bloomberg Business. Retrieved form http:// www.bloomberg.com/news/articles/2015-12-08/apple-said-to-suspend-effort-to-develop-live-tv-service
Rowland, C. 2015. Apple’s vision statement &mission statement. Panmore Institute. Retrieved from http:// panmore.com/apple-mission-statement-vision-statement
Hellman, J. 2014. Aplle Inc.: A short SWOT analysis. Value Line. Retrieved form http://www.valueline.com/Stocks/Highlights/Apple_Inc___A_Short_SWOT_Analysis.aspx#. Vq2EgrIrKUk
Englan, M. 2015. Why Apple is the most successful company in history. Computerworld. Retrieved from http:// www.computerworld.com/article/2883747/why-apple-is-the-most-successful-company-in-history.html
Stafford, T. 2013. Talent Strategy: Why Apple’s approach is increasingly common. CEB. Retrieved from https://www.cebglobal.com/blogs/talent-strategy-why-apples-approach-is-increasingly-common /
Bajaj, S. 2015. Apple Faces big challenges in 2016, despite fourth-quarter success. The street. Retrieved from http:// www.thestreet.com/story/13371183/1/apple-faces-big-challenges-in-2016-despite-fourth-quarter-success.html
The total rewards model. (n.d.). Module 1: The total rewards model. UMUC. Retrieved from https:// learn.umuc.edu/d2l/le/content/122932/viewContent/4866008/View
Lev-Ram, M. 2014. Apple unveils new perks to attract talent. Furtune. Retrieved from http://fortune.com/2014/10/02/apple-employee-perks /
