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Globalization Apple Inc.
Transcript of Globalization Apple Inc.
Javone Gift, Jason Liggayu, Andonio Mourdoukoutas, Stephan Rogers, Ilya Sivaev, and Oussama Terrab
What is Globalization?
Globalization is defined as “the process of growing interdependence among elements of the global economy.”
The “global village” of technology we are referring to is known as “the socialized knowledge growth of producing goods and services.”
Technological Globalization has grown remarkably in the past 50 years.
How did Apple expand so
quickly and win over the world?
“Apple products have completely revolutionized the way that we do business, both for ourselves and our clients. Their simple, clean design and stunning interfaces masked incredibly complex technology, making world class technology accessible to the everyday business person. Five years ago technology hindered us, but with Apple technology it now lifts us”
----Ryan O’Ramsay Barrett, CEO, ORAM Corporate advisors
Revenue: US $ 61 billion.
Profit: US$ 39 billion
Total assets: US$ 196.09 billion.
Total equity: US$127.35 billion.
Employees: 60,400 employers
The Apple Mission
Apple desires to be the most admirable company and the most loveable brand that everyone would always want to use.
Everyone around the world should own at least one Apple product so they can touch and sense the feeling of Apple technology.
Apple designs the iMac and MacBook computers along with OS X, iLife, iWork and other professional software.
Apple leads the digital music revolution with the iPod and the iTunes online music store. It has reinvented the mobile phone with its revolutionary iPhone and the App Store, and is defining the future of mobile media and computing devices with the iPad and iPad Mini.
How Does Global Sourcing Affect Apple?
Global Sourcing: creating and manufacturing goods across many countries and regions of the world.
Apple was established in California on January 3rd 1977.
Apple has outsourced its labor in an attempt to take advantage of lower-wage labor in other countries.
President Obama announced in 2012 that Apple will be bringing some of its outsourced jobs back to America.
Apples decision to bring jobs back to America is viewed partly as nationalistic pride along with an escape from rising labor wages in developing companies.
Profit Gains From Globalization
Multinational companies gain access to low cost laborers who can perform the same or even more tasks than their current laborers at a fraction of the cost. Not only does globalization provide for cheaper labor but also cheaper resources at abundance.
It enables multinational companies to gain exuberant profits throughout their expanded regions. These foreign markets provide an ample supply of new paying customers
Apple’s scramble for politically conflicted regions
Minerals, elements, and alloys in Apple products have been labeled as “conflict” material because of their concentration in the eastern regions of the Democratic Republic of Congo.
----Copper, Tungsten, Neodymium, Dysprosium, Coltan, and Terbium
Apple was forced to stop conducting unethical business in conflicted regions after the Dodd-Frank Wall Street Reform Act (2010) was passed, which issued regulations to prevent the purchase of conflict minerals.
Analysis and Evaluation of Apple
Apple is an extremely successful and globalized company with far reaches.
A large community of dedicated customers dedicated to the brand.
A modern company dedicated to safety, fairness, and respect for its laborers abroad.
Will Apple still be “cool” or will they begin to fall off?
Can Apple realistically move off foreign labor and employ manufactures domestically?
Licensing is defined as “one firm paying a fee for the rights to make or to sell another firm’s products.”
Apple has a huge list of firms that are licensed to sell their products through their own company.
This has made Apple a global company by opening its doors to a larger market economy.
Apple and Child Labor Laws
Apple has a strict adherence toward child labor laws.
Every year Apple regularly audits its suppliers to ensure that they do not violate child labor laws and policies.
Apple has extensively been training and educating workers about their rights to a safe and respectful work environment.
Apple, Inc. (2011). Apple Suppliers 2011.
Retrieved from http://images.apple.com/supplierresponsibility/pdf/Apple_Supplier_List_2011.pdf
Kayle, Leon. (2011, April 6). Apple and Intel Cease Use of Conflict Minerals. Triple Pundit.
Retrieved from http://www.triplepundit.com/2011/04/apple-intel-cease-conflict-minerals/
Exploring Management - John R. Schermerhorn
Schermerhorn, John. (2012). Exploring Management (3rd ed.). Kendallville, IN: Courier Kendallville Inc.