Strategic and Managerial Economics Analysis

In several companies the principles of management economics are used today. Despite the varying application severity, at some stage the management principle must obey the management business rules to settle on operating strategies for the enterprise. The introduction of management principles in all areas of the operation of the organization is the key contributor to the performance of these businesses. The Apple company in the United States is one of the companies which is very strict in the application. Apple is a world-renowned electronic corporation for its contributions to information technology. A large part of the devices used in computing and communication, especially mobile phones and laptops are all apple based. Running under the apple hardware devices and the operating system part. Using this company as the study subject, an analysis of the managerial aspects of behavioral control, informational control, performance measure, the environment, the industry and the technology and the size of the firm will be applied to determine the various steps and challenges that the company so faces in the process. Understanding this will form an important part of the managerial aspect of the business understanding and in the concept of management development. The growth of the company is reliant for instance on the management and the inclusion of the various business cultures observance in the decision-making process. Behavioral control in appleBehavioral control is related to the aspect of learning application and observation in the company, rewards issuance and existing boundaries within the enterprise in which the consideration is being made. In the case of Apple, the idea of rewards is upheld where the employees are paid depending on their performance in the company and their different contribution in the production and operation of the enterprise. The rewards and discount cases exist in the company which is all in the aspect and line of awards. This is the behavioral control element in the event of compensation. The salaries in the company are also quite encouraging and reflectors of the appreciation of the employees in the industry. This makes the idea of satisfaction in the sector more elaborate and leads the business enterprise on a line of growth to the appreciation of the labor and employee part of the operation in the industry. Organizational behavior is the idea of how the business observes various aspects of the operation and the authorities and decision-making procedures in the industry. In the case of Apple, the concept of entrepreneurial culture and organization behavior is upheld with enables each of the individuals in the company to have a role to play in the final growth and performance of the business in the market. The corporate culture in the apple company promotes the idea of innovations and consequently growth in the enterprise. This forms the basis of the growth case and increases the performance of the company in work as a leader in the communication technology devices. The Apple management system has. Therefore, a large part being supported by the cultural aspect of the company rather than on other factors. The reward system in the company has led in the company concertation on paying the shareholders which motivates them in the investment and strategizing in the company’s growth process. Organizational structureThe organization structure determines the stages that each of the decision must undergo benefit it is confirmed (Hirschey, 2016). The type of structure in the management determined the success of the various endeavors in the company and the failures that will be incurred in that case. In the event of Apple, the organizational culture is aimed at the functional aspect of the organizational structures types. This implies that the company breaks down activities in roles into functions with each of the departments and units in the organization having a function to act on and thereby contribute to the overall performance of the team and its success, therefore. The employees in the organizational are therefore dividing along functional grounds with each having a role in the production process. This, however, does not imply that the person cannot work under other department and on other functional groups. It makes, however, the process more productive in which each of the individuals has and understands their role in the outcome of the products. The practical approach also assists in the production of seamless products that are interoperable with both functions and structure. This makes the company organizational structure very efficient in the manufacturing process and the general development agenda of the enterprise. The company thereof utilizes the idea of specialization where the individuals are the specialist in their distinct units of production. This, therefore, reduces the sense of confusion in the cases of having an individual having to generalize on the process they handle in the manufacturing process of the various component in the company. Specialization enables the workers to manage their different functional units in the most capable and efficient way which eliminates the idea of failure in the operating process. This concept of specialization is aimed at the success of the company entirely. Marketing outlets on Apple are based on the concept of organization structure. Apart from carrying out primary market promotional strategies, the company also focuses various retail stores it operates in the country and the world (Zott & Amit, 2010). The outlets are aimed at achieving and satisfying the customer needs on product variety and collection of information based on the product the company products and offers. Through this approach, the company can reach and addressing the various distinct needs of the consumers in the market. Most of the operations of the business have been outsourced. This leads to the idea of the international service. It assists the company in reducing the cost of production. The company uses most of the manufacturing and assembling activities from the China region where the events take place. This contributes to the idea of functional organization structure. The idea of using China for the production has created problems for the company. One of this challenge is on the mistreatment of the workers in China. The judging of the concept of the group upholding the employee needs and the operation, in general, are based on the American culture which might differ in different locations in the world. The challenges thereby resulting are the hindrances to the growth of the company to the greater level of the society and the industry of communication. Strategic leadership is one of the ideas of having a leader who leads the company in the right direction and in so doing enable the company in its major growth in the industry (Jansen, Vera, & Crossan, 2009). The attributes associated with the concept of strategic leadership include, efficient use of power, integrative thinking and the idea of overcoming barriers to the company. These aspects are essential in the process of resulting in the development of the company and in so doing enable the company to succeed in its industry. Apple leadership has had major turmoils since the times of Steve Jobs. The transition to Tim Cook have resulted in significant challenges and swayed in the company. Comparing the leadership of cook with that of Steve, cook lacks the power that was held by Steve in the enterprise. This also limits the capabilities and contribution of the leader in the success of the business. One of these differences is noted in the idea of integrating thinking. The company has had no major release of a product since the time of Steve Jobs. This makes the idea of innovation in leadership as held in the concept of integrative thinking to be affected primarily by the company and in that aspect, limit the growth of the company in both reach and market share. On the idea of overcoming barriers, however, the company has had significant excel on this. It can address each change it undergoes and comes out high; this is thought eh idea of a culture of the enterprise that enables the company to hold firm in the market and the industry it is situated in. Managing innovation is also a primary requirement in the success of the company. The company has had major successes in the field based on addressing marketing innovation. However, on the concept of the line of products, the company has had major failures since it has had not innovation for and along time now. However, for the company to address these challenges and growth in the industry, it must keep innovating in the industry.ReferencesHirschey, M. (2016). Managerial economics. Cengage Learning.Jansen, J. J., Vera, D., & Crossan, M. (2009). Strategic leadership for exploration and exploitation: The moderating role of environmental dynamism. The Leadership Quarterly, 5-18.Zott, C., & Amit, R. (2010). Business model design: an activity system perspective. Long range planning, 216-226.