Does Different Business Strategy Is Indeed a Requirement for Success Essay

Does Different Business Strategy Is Indeed a Requirement for conquest - Essay ExampleAccording to the research findings, it can, therefore, be said that competition is even more dense in businesses surviving in competitive markets. Companies will, therefore, resort to innovation whereby new untapped markets will be created. However, creating and investing in new markets has its risks and disadvantages. The new(prenominal) option involves applying robust efforts to provide the same services and products break than any other player in the same industry does. However, the benefits cannot be retained for a commodious time. Therefore, the most victorful business organizations resort to a hybrid of the two options. Best market players mingle innovativeness and best of service to produce a different business field where competitors will find severe to compete. Most successful global business organizations have indeed survived the torrential market conditions by play it differently. Apple is one of the leading companies in the production of high-tech electronic gadgets. Due to its success, the play along has capture envy to most companies that argon trying to follow its steps. With Steve Jobs as its current CEO, the company has achieved much success than other companies that have been in the industry for many years. Currently, the companys market capitalization has exceeded $ cc billion and this makes Apple find a position in the top ten companies in the globe. Currently, the company is ranked slightly below Microsoft, which is the leading technology company in the world. The most striking occasion about the success of the company is how fast the company has achieved the success. Other market players in the industry are hoping to learn the secrets of the company and if possible emulate them. To understand Apple secrets, one needs to make a detailed analysis of its business strategies in order to determine how the same has indeed contributed to its success. Firstly, unlike other companies in the industry, Apple is a vertically integrated company. This implies that the company control or owns most of the technology required to produce its products.