Organizational Change: Apple’s Transformation & Conflict Resolution Styles
Apple’s Organizational Change: A Practical Case Study
Apple’s Organizational Change: Steve Jobs’ Return in 1997. This is a famous case that illustrates how Kotter’s model can be used in a real-world scenario.
Kotter’s 8-Step Model at Apple
1. Establish a Sense of Urgency
When Steve Jobs returned to Apple in 1997, the company was near bankruptcy. He communicated that Apple needed innovation to survive and become competitive again.
2. Build a Guiding Coalition
Jobs formed a strong leadership team, including
Read MoreLH Acquisition of PS: Strategic Analysis and Financial Impact
Analysis of LH’s Takeover of PS
Introduction: The Strategic Decision
Loretta, an entrepreneur, established LH using her own savings and venture capital (risk capital invested in businesses with high profit potential but difficulty securing traditional financing). LH pursued external growth—business expansion via integration with another business—by taking over PS. LH purchased 50% of PS’s shares, becoming the controlling company. Loretta employed a strategy, likely informed by a SWOT analysis
Read MoreKey Marketing Concepts: Consumer Behavior, Product Strategy, Distribution
Understanding Consumer Behavior
Individual vs. Social Factors
Individual Behavior: Directly responds to needs and purchase motivations, influenced by a set of the consumer’s internal and external factors.
Social Influence: Refers to group influence on the purchase decision process.
Client Roles in Decision Making
- Prescriber: A professional or individual who recommends the product; their opinion is valued.
- Buyer: The person who decides to buy the product.
- Payer: The one who spends the money and pays for
Understanding International Markets: Core Principles
International Marketing: Key Concepts
Understanding Ethnocentrism and the SRC
The most effective way to control the influence of ethnocentrism and the Self-Reference Criterion (SRC) is to recognize their effects on our behavior.
Achieving Global Awareness
The most effective way to achieve organizational global awareness is by having a culturally diverse senior executive staff or board of directors.
Avoiding Errors in Business Decisions
To avoid errors in business decisions, it’s necessary to conduct a
Read MoreKey Project Management Concepts & Definitions
CPM and PERT Definitions
- CPM: Critical Path Method
- PERT: Program Evaluation and Review Technique
Decision-Making Process Steps
- Identify the Problem: Understand the issue requiring a decision.
- Gather Information: Collect relevant data and facts.
- Identify Alternatives: List possible solutions or actions.
- Weigh Evidence: Evaluate the pros and cons of each alternative.
- Choose an Option: Select the best course of action.
- Implement the Decision: Put the chosen solution into action.
- Evaluate the Outcome: Review
Business Finance: Working Capital, Sources, and Valuation
Within the economic and financial structure of a business relationship, there exists a close connection between financing and its consequences. Therefore, there must be equilibrium between assets, equity, and liabilities.
Working Capital
Working capital represents the financing of current assets with long-term liabilities. From an asset perspective, capital flow is numerically equivalent to the portion of current assets funded by long-term liabilities.
FM: ANC-PNC PN + capital = Current = AC-PC