Bus 475 week 4 apply project plan

Contingency Plan And Executive Presentation

Project plans outline the intended course of events; however, things don’t always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management.

Add the following 2 columns to the project plan table you created in Wk 4 – Apply: Project Plan:
Potential Risk Factors
Contingency Plans
Based on your prior research, determine potential risk factors for not meeting each of the project objectives. Develop a contingency plan for each of the potential risks. Add the potential risks and contingency plan to your Wk 4 – Apply: Project Plan.

Use Microsoft PowerPoint® , Prezi® , or another software to create a 12- to 14-slide executive presentation—with appropriate images and diagrams—that summarizes the following information:
The organization’s information presented in Wk 1
SWOT analysis and market trend research
Project objectives
How success will be measured
The value this project will bring to the organization
Project metrics
Timelines
Responsible parties
Potential risk factors
Contingency plans
Include detailed speaker notes within the presentation. Convert the speaker notes to a Microsoft Word document and add it to the citations slide.

Cite all sources according to APA guidelines.

You will submit 2 different deliverables:
Updated project plan with potential risk factors and a contingency plan
Executive presentation with detailed speaker notes as a Word document within the presentation
Submit your assignment.

Resources:
Center for Writing Excellence
Reference and Citation Generator
Grammar and Writing Guides
Copyright 2019 by University of Phoenix. All rights reserve

BUS/475v10

WK 2 Apply: SWOT Analysis

BUS/475v10

Page of

University of Phoenix logo

Wk 2 – Apply: SWOT Analysis
Name:
Selected Organization:
Complete a SWOT analysis from a global perspective, if applicable.

Strengths

Weaknesses

· Apple is a global brand and among the most valuable brands of the world

· The iPhone comes loaded with apps meant for personal and professional use

· The iPhone is marketed over the internet and television

· Powerful and efficient

· High tech camera for better pictures

· Touch id and apple pay

· Growing worldwide sales

· High price

· Non removable battery

· No headphone jack

Opportunities

Threats

· Growing popularity in Asian market

· Always space for more innovation

· Competition from other cheaper priced smart-phone models

· Competition from android OS

Analysis
Summarize your findings from the SWOT analysis for the CEO of the organization you chose. Address the following in your 2- to 3-page summary:

· How would you match the organization’s strengths to its opportunities?

· How would you convert the organization’s weaknesses into strengths?

· What recommendations do you have to mitigate the impact of the threats?

· What action(s) does the organization need to take to advance their organization's goals and/or expand their competitive advantage?

· Why does the organization need to take this/these action(s)?

How would you match the organization’s strengths to its opportunities?

From the information I've gathered from doing the SWOT analysis for Apple, how would I match the organization's strengths to it's opportunities? Well Apple’s success is linked to the ability to use it’s business strengths to overcome its weaknesses and threats by exploiting opportunities in the industry environment. The SWOT analysis gives an insight on the strategic actions of the business, especially in maximizing in its growth based on what the strengths and opportunities are. With this analysis, it presents the strategic factors that influence the decisions of the CEO and managers in developing the business. Also in doing a SWOT analysis it can identify the strengths that can enable the company to overcome weaknesses, and take advantage of opportunities, and withstand threats in its business environment. With the iPhone’s marketing over the internet and television, these are the makings for a more growing popularity worldwide, which inturn will be more profitable.

How would you convert the organization’s weaknesses into strengths?

In order to do this, you would have to first recognize, accept and determine what the weaknesses are. If you in denying that there are weaknesses then you can never turn them into strengths. Having someone that you trust and depend on to give you sound advice and to be helpful when making important decisions and gaining control of the situation. A lot of times the best way to overcome yours weaknesses and turn things into something positive is by being very prepared. Having the necessary tools that are needed to turn things around, like way to boost decreasing sales. Although IPhone are much higher than it;s competiotors continue to find better apps and features that others don’t have. Continue doing research on what the consumers want and are looking for with the best services.

What recommendations do you have to mitigate the impact of the threats?

Even though Apple’s competitors are selling cheaper versions of smartphone models, they still don’t compare to all the iPhone functions and apps. With each new function and the higher quality build materials that justifies the higher price point, Apple still need to convince consumers to continue to purchase the iPhones in spite of cost. Finding new and fresh ways to continue the high demand for the new iPhone models after its first quarter of availability. What Apple should consider doing is releasing “new number” phones in the fall and then release updated versions of those phones in the spring at a discount price and reveal newer, better devices at the older price points. This way, the company is introducing new innovations at twice the previous rate. A faster pace of product introductions could ultimately boost Apple’s competitive positioning in the market for premium smartphones. Making sure that there is sufficient consumer education about the capabilities of the new devices customers might choose to buy.

What action(s) does the organization need to take to advance their organization's goals and/or expand their competitive advantage?

Apple, a company on the verge of fading into oblivion made an incredible comeback, using a combination of savvy marketing techniques and devices unlike any previously created. Apple can be considered an innovative marketing company. I believe that the best action that Apple needs to continue expanding is to continue with the best marketing strategy that Apple uses to give the customers an experience unlike any other. Apple products are attractive and seem to have an edge that other products do not. I also believe that with proper training and education of their products like the iPone, being knowledgeable and hands on experience provides a customer loyalty and to build trust. Apple’s practices, procedures and policies reflect the differentiation strategy to target a wide range of customers as the overall competitive strategy of the company. Apple need to consider cost, product/service differentiation, and niche strategies.

Why does the organization need to take this/these action(s)?

Apple need to take those actions to achieve above average performance in an industry, cost leadership, differentiation, and focus. Apple is committed to bringing the best user experience to its customers through it’s innovative services. The company’s business strategy leverages its unique ability to design and develop its own operating systems, application software, and services to provide its customers new products and solutions with superior ease of use and innovative design. These actions are the reasons why Apple iPhones are so popular and high in demand each time a new version comes out.

References
https://www.fool.com/investing/2018/01/10/1-way-apple-could-boost-iphone-sales.aspx

https://www.apple.com/environment/our-approach

https://research-methodology.net/apple-swot-analysis