Prompt(s),
- Explain Apple’s success over the last decade. Think about which industries it has disrupted and how. Also look at Apple’s main competitors.
- Is Apple’s success attributable to industry effects or firm effects, or a combination of both? Explain.
- What are the greatest challenges Apple is facing? Detail them by internal weaknesses and external threats. How can Apple transform internal weaknesses into strengths, and external threats into opportunities?
- Apply the three-step process for developing a good strategy outlined above (diagnose the competitive challenge, derive a guiding policy, and implement a set of coherent actions) to Apple’s situation today. Which recommendations would you have for Apple to outperform its competitors in the future?
Sample Solution