Financial Reporting Project Part III Apple Inc. and Microsoft Corp. are two very interesting companies to compare when taking into account all the publicity they receive and the public perception of the two. A very shocking find was the large difference in acid-test ratios. The current assets to current liabilities ratio for Microsoft was more than double that of Apple. This gives the users of the financial statements a good bit of extra security when looking at the ability of the company to pay their short term debt. In a time when Apple is pounding the market with time tested software and product name, Microsoft, a company that is looking to find a new niche in a world of rapidly increasing technology, is looking to assure investors that while times are a bit uncertain for them in terms of product, managers have a firm grasp on fiscal responsibility and will never throw caution to the wind.
Unit 16 – P1 Notes Internal factors Organisational needs - The workforce needs to be able to adapt to changes. Demand for products and services will affect the number of people needed in certain roles. Businesses can look to move into new markets - this could mean abroad and staff needing new skills such as languages. More staff may be needed in distribution if the business grows. Technological change can also affect the internal working arrangements - machinery leads to redundancies, new training may be needed etc.
Section 1 – Understand why change happens in a business environment 1. Explain why change happens in a business environment. You should include at least three reasons in your answer. Change can occur in a business environment for a variety of reasons, and those changes can be reactive, when a business responds to external pressures, and proactive, when a business changes due to internal demands. When considering change it is helpful to use the PEST acronym.
Quality refers to how well designed and made a product is and the expectations that people have of a business will influence the way that the products are designed and created for customers. Apple is known as a top technology manufacturing company due to majority of people having mobile phones being iPhones. Apple customers have high standards for quality expectations for new products. Because of the advances in technology, Apple needs to upgrade and adjust current models of their products to satisfy the needs of customers’ expectations. Every year or so Apple will bring out new models of their iPhone, iPods and laptops that live up to the hype of the customers’ expectations.
Analysts forecasted that the compounded annual growth rate of smartphones would be around 24.9% in 2015 and this would further account for 75.8% of the revenue of the total handset sales in the same year. Besides, experts anticipated that by 2016, smartphones would control almost 40% of the global cellphone business and the world-wide smartphone industry would ship around 653 million units of smartphone by 2016. ln the global smartphone market, Apple and Samsung were the two biggest players competing with each other to capture the major share of the high end phone market. Samsung, a South Korea based company founded in 19387 was popular for its various products like handsets, music systems, LCD Television and computer etc. 0n the other hand Apple, founded by Steve Jobs In 1976s was the leading smartphone maker of the world popular for its innovative and sleek gadgets like iPad, iPod, iPhone etc. 2.
It started out as a regular 2G phone, and now its move on to 3G, 3GS, and now 4G if your in the right locations. Seeing as how the iphone has been on top for so long then that can only mean the cell phone company the iphone is with is on top with it. That would be at&t which started off a long time ago as cingular wireless. Apple and at&t made a long term deal before the iphone was put on to the market. Now that apple has become one of the top notch sellers of the world they are starting to spread their business horizons.
Although this pales in comparison to the scandal 15 years later it does have eerie similarities. Prosecutors at the trial argued that the Valhalla episode should have been presented as evidence against Lay stating that he had a pattern of tolerating this behavior. In the early 1990’s, Congress (under heavy pressure, I mean lobbying, by Enron) passed legislation that began to open up electricity sales to marketers. This was the beginning of the end. Enron quickly dominates the energy market and adopts a new accounting method.
In the early 2000’s, the MSCC, became the most powerful advocacy organization for the business community under the new leadership of President Jack Wallingford. As the growing demands of members and employees were increasing, the MidSouth Chamber of Commerce (MSCC) has decided to update its computing systems. The management then decided to consolidate their systems to AS/400 based system called UNITRAK. Ted Vassici has supported the systems for a significant period before Simon Kovecki was hired by MidSouth Chamber of Commerce (MSCC). Simon Kovecki was in charge of implementing this new system, but he ended up with failure that left MidSouth Chamber of Commerce (MSCC) with lost data on the old systems, and an inoperable UNITRAK system.
Soon after, the company raised more capital from their existing investor Bessemer Venture Partners as well as from Northwest Capital and US Venture Partners. Business was progressing well and in the quarter before September 1997, the company had revenues of $6.4 million with 3 big customers, and an offer to purchase from CellTech. Hansen planned for the company to be able to go public within 2 years if it gained more customers since it was too risky to depend on just 4 accounts, and maintained more stable revenues. Overall the company had raised $9 million in 4 rounds of fundraising. 2.
An analysis of HTC’s internal and external environment, will allow for some recommendations to help turn this situation around and help the company grow going forward. The Smartphone Industry The Smartphone industry has experienced phenomenal growth, since the launch of the first smartphone in October 2002. From Q4 2009 to Q4 2010, smartphone growth was 88.6% (Canalys estimates, 2011). In the most recent year (2011), smartphone growth was 61% and smartphone market penetration worldwide is estimated to be 16% (eMarketer, 2011). With such a high growth rate and small market penetration, the smartphone market is an attractive place to be.