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In the achievement of competitive advantages, desired financial resources, and satisfaction of the consumers and employees, business entities need to focus on enhancing effectiveness and efficiency of their marketing strategy. This is because of the role and importance of marketing strategy in the achievement of market share while addressing the needs and preferences of the consumers. There are various marketing strategies adopted and implemented by unique organization in relation to their market segmentation, location, and size of the target market. Effective and efficient marketing strategy should enable an organization to meet the goals and objectives of its stakeholders and shareholders. This is through increasing the volume of revenues and profits following the implementation of the marketing strategy. In this research exercise, the focus will be on the examination of the marketing strategy implemented by Apple iPhone Company (Apple Company/Inc.) with reference to the United States market. This is through examination of the components of the marketing strategy of the company, its implications with reference to profitability, market share, and sales, and provision of appropriate recommendation for the transformation of the company to greater levels.
Background Information on Apple iPhone
Apple Company was founded in 1970 through a partnership between Steve Jobs and Steve Wozniak. In 1977, the organization was integrated into the state of California. Apple Company/Inc. is an organization in the context of the United States with its headquarters in Cupertino, California. Apple Inc. focuses and commits to the development of personal interaction experience to the students, educators, creative professionals, and consumers across the globe through implementation of its internet, hardware, and software provisions. According to the famous quote by one of its founders, "man is the creator of change in this world," the organization has the mission of transforming the globe through its undisputed technological developments and innovations. The organization has the opportunity of enhancing its resources for the current generation without compromising the needs and preferences of the future generations thus realization of continuous development.
Investigate and evaluate the marketing strategy of the producer/owner using contemporary marketing tools and techniques
Apple Company adopts and implements unique marketing strategies for the purposes of achieving maximum utilization of the available space and competitive advantage in the context of the United States and international markets (How the Companies Stack Up 2012, p. 29). This is vital for the realization of the goals and objectives of the organization in relation to increase in the level of profits and revenues at the end of the financial year. The secret to the marketing strategies of Apple Company lies beyond the design standards and product line. The marketing strategy of the organization is also beyond the philosophical value or core of the organization by Steve Jobs, which is a reflection of the concept that consumers have minimal idea on what they want. In relation to its recent product lines and revenues models of the organization, Apple Company adopts numerous names: design firm, software powerhouse, computer builder, movement, and publishing company. This diversity is an essential component in the marketing strategies by Apple Company (Guglielmo 2012, p. 147). Apple Company adopts and implements numerous tactics in relation to the promotion of its products and services across the globe.
One of the essential components of marketing strategy by Apple Company towards the realization of the goals and objectives is the concept of ignoring your critics. In the context of business interactions, it is essential to note that there would be various limitations in relation to criticism. Some encounters would focus on discouraging entities towards the achievement of the goals and objectives. Apple adopts and integrates an effective and efficient marketing strategy with reference to eliminating criticism from other entities. This relates to the launch of iPad and iPhone, which was vital to eliminate the essence of criticism thus, achievement of quality market share. It is essential to note that innovative and technological advancements have prevailed despite vital opposition from the majority of the public. This relates to the notion that great ideas are often challenged through extensive opposition from mediocre minds (Helft 2011 p. 64).
Another essential component in relation to an effective and efficient marketing strategy by Apple Company is the ability to transform ordinary concepts into something beautiful. This relates to the ability of the organization to adopt and integrate valuable concepts thus reinventing design standards for the industry across the globe. This ability enables the organization...
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