This project focused specifically on Apple Inc.'s operations in the UK and India while also examining its Global marketing and sales development methods. According to the analysis, Apple deliberately combines parts of standardization and adaptation to accommodate the distinctive features of these two disparate markets. While the brand image and product designs are essentially standardized, the corporation tailors its distribution methods, marketing initiatives, and price plans to suit regional market demands. Apple's success depends on its capacity to recognize lucrative markets and position itself accordingly. The business's Corporate Social Responsibility (CSR) programs, which are frequently adapted to meet local needs, also help to promote a favorable public image. In conclusion, Apple's success in the international market is a result of its skillful balancing of standardization and adaption techniques.
This study gives a general outline of the project's goal in the introduction, which is to examine Apple Inc.'s operations in the UK and India with a focus on its Global marketing and sales development strategies. The objective is to comprehend how Apple uses standardization and adaptability to address the particular requirements of these two different markets. The introduction also emphasizes how important it is for businesses to identify attractive areas and adopt the appropriate positioning. It also recognizes the significance of Apple's Corporate Social Responsibility (CSR) programs, which are tailored to match regional requirements and support the advancement of a favorable public image.
Apple Inc. is a multinational technology company that designs, manufactures, and markets consumer electronics, computer software, and online services from its headquarters in Cupertino, California, US (Khalid and Viktoria, 2023). The iPhone, iPad, Mac, Apple Watch, and Apple TV are among the company's many well-known products. Its product portfolio incorporates iOS, macOS, watchOS, and tvOS working frameworks. The iTunes Store, iOS App Store, Mac App Store, Apple Music, iCloud, and Apple Pay are some of Apple's online services. The mission of Apple Inc. is to convey items that wed workmanship and innovation. Their vision is to give the best-individualized computing experience to customers all over the planet through inventive equipment, programming, and web contributions. Apple maintains a strong position in the United Kingdom, its primary market, where it controls the majority of the smartphone and tablet market (McMahon, 2022). Apple, on the other hand, faces fierce competition in India from budget-friendly rivals like Samsung and Xiaomi.
This section conducts a thorough examination of the marketing landscape for Apple in both the UK and India. A macro-environmental study is conducted first, followed by a PESTLE analysis to explore the individual elements influencing Apple's operations in each nation. The issues of politics, economy, society, technology, law, and the environment are all included in this approach (Khalid and Viktoria, 2023).
Figure 1: PESTLE analysis of India
(Source: Self-created in MS Word)
Figure 2: PESTLE analysis of the United Kingdom.
(Source: Self-created in MS Word)
Apple has a large following in the UK thanks to customers who appreciate innovation, quality, and brand prestige. The high level of income per capita and widespread use of cutting-edge technologies add to consumers' enormous desire for Apple's products. Another notable trait is brand loyalty, with many customers looking forward to the introduction of new products from Apple. The effortless integration of Apple's devices' software, services, and hardware raises its attraction and increases its client base (Lobato and Lotz, 2021). The customer landscape in the Indian market is distinct. The comparatively high costs of Apple's products present a substantial barrier, limiting its appeal mostly to the urban affluent population, despite the respect for its innovation and product excellence. Consumers that are price-conscious and choose budget-friendly smartphones from companies like Samsung, Xiaomi, and OnePlus1 make up a sizeable share of the industry in India (Yadav, 2023). As a result of India's economic expansion, the middle class is developing and a group of customers with higher disposable money is starting to emerge.
Apple is up against competition in the UK from companies like Huawei, Samsung, and Google (Pixel phones). Web-based services, personal computers, cell phones, and tablets are just a few of the industries in which these businesses compete with Apple. Despite competitors, Apple is able to hold onto its position of supremacy in the market thanks to its continuous focus on innovative product quality, customer service, and brand strength (Singh and Misra, 2022). In India, Apple is up against fierce competition from regional firms vying for customers in the low-cost smartphone market, in addition to Xiaomi, Samsung, and OnePlus1. To appeal to the price-conscious Indian consumer base, these indigenous businesses provide smartphones with comparatively high features at a reduced price range. Because of this, Apple's market share in India is lower than it is in the UK. The price-responsive Indian market necessitates a smart approach to combat competition and increase Apple's footprint. While Apple's advantages in competition and global brand image position it well in the UK (Mao et al., 2020).
Figure 3: Apple Inc. Competitors' Comparison in India
(Source: Self-created in MS Word)
Figure 4: Apple Inc. Competitors' Comparison in UK
(Source: Self-created in MS Word)
This section analyzes Apple Inc.'s entry plans into the UK and India, highlighting the company's unique strategies in each market to build a strong presence while adjusting to regional business contexts and regulatory constraints. Apple uses a direct sales strategy in the UK, focusing on owned and controlled physical locations and a sizable internet presence (Ozalp et al.,2022). Apple has more control over the consumer experience and brand perception because of this strategy. The company's flagship stores, which are thoughtfully positioned in well-known urban areas like London, provide a seamless and immersive brand experience, bolstering its premium positioning and cultivating strong client loyalty. Customers have the chance to connect with and personally experience the newest developments in these establishments. Apple also makes investments in properly qualified personnel who can offer knowledgeable support and individualized service, further boosting the customer experience. Apple's internet channels complement its physical locations by providing customers in the UK with ease and accessibility. A large variety of products are available, along with options for customization and personalization, on the official website and online store (Meena and Geng, 2022). An effective e-commerce platform guarantees a simple purchasing experience, and the business's strong logistics and distribution network provides prompt delivery. By using a direct sales strategy in the UK, Apple can control the entire customer experience while upholding a consistent brand image, which fosters customer loyalty and a strong market presence.
On the other hand, because of the varied business environment and legal constraints, the Indian market poses special difficulties. Apple has a partnership-driven distribution approach in India to meet these problems. The business creates a footprint across the nation by working with regional distributors and accredited retailers. This strategy helps Apple to adhere to Indian legislation that requires a specific proportion of items to be sourced domestically, so promoting domestic investment and manufacture. Because of its agreements with regional distributors in India, Apple has access to more established retail channels and distribution networks, which increases its market reach. Utilizing distributors' knowledge of Indian market dynamics might assist in navigating challenging supply chain and logistics issues (Chacko, 2021). The partnership-driven approach, meanwhile, has drawbacks as well, including less control over the customer experience at independent retailers, which affects brand representation. It is challenging to provide uniform messaging for the brand and service standards among partners, and effective coordination is essential for managing price and inventory. Overall, the strategy allows Apple to enter the diversified Indian market, but careful management is needed to preserve brand excellence. With excellent customer satisfaction and brand loyalty, Apple's direct sales strategy in the UK has been very effective, giving the company an advantage in the smartphone and tablet sectors (Ghosh and Gupta, 2023). By leveraging its strong reputation and innovative products to target particular Indian consumer segments, including the expanding middle class with greater financial resources, Apple has been able to grow its brand and increase its market share in India.
Understanding how Apple strategically divides its client base into target market groups and positions itself in the global marketplace is largely dependent on the STP (Segmentation, Targeting, Positioning) research. This study sheds light on how Apple maintains a strong and consistent brand image around the world while customizing its products to suit the distinct demands and preferences of various client groups.
Apple has a thorough yet discerning approach to segmenting and targeting. The business uses a combination of psychographic and demographic factors to pinpoint specific target niches and provide specialized goods and services. Apple's target market is made up of tech-savvy people, professionals, creatives, and wealthy people with extra money. Because these customers are more likely to value innovation and be prepared to spend more on luxury goods, the company concentrates on markets with high per capita income levels (Zanetti et al., 2020). Apple appeals to people psychologically who value cutting-edge technology, svelte design, and flawless user experiences.
Apple employs a multi-segmentation approach by providing a wide range of products to accommodate different client preferences and price points. Although the iPhone series is the company's main product for high-end clients, the release of more cost options like the new iPhone SE and the continuous availability of earlier generations have broadened the company's customer base and appealed to people in developing nations like India are concerned about price. Beyond demographics and psychographics, Apple's targeting and segmentation strategy also takes into account behavioral characteristics (Almeida et al., 2021). Apple creates several market categories and creates advertising campaigns that appeal to each one by examining the buying habits, tastes, and behavior of its customers. The organization places a strong emphasis on customization and customization, which improves the consumer experience and encourages loyalty. This helps the company to keep a competitive advantage and appeal to a variety of global audiences.
The foundation of Apple's positioning strategy is its enduring global brand identity as a producer of premium goods that are also inventive and aesthetically beautiful. Because of the company's consistent commitment to product innovation, design brilliance, and user experience, it has become a market leader and a benchmark for technical progress. Apple emphasizes its role in fostering creativity, productivity, and communication in order to portray itself as a brand that goes beyond simple technology (Yamoah and Acquaye, 2019). The corporation solidifies its position as a premium and dependable technology brand by continuously providing products with an identifiable Apple design language, user-friendly interfaces, and seamless interaction across its ecosystem.
Figure 5: Positioning mapping of Apple in India
(Source: Self-created in MS Excel)
Figure 5: Positioning mapping of Apple in UK
(Source: Self-created in MS Excel)
Apple's marketing strategy places a strong emphasis on the emotional bond it builds with users, raising its products from ordinary toys to necessary tools that improve daily life (Colbjørnsen, 2021). Apple's CSR efforts, such as its target of becoming carbon neutral by 2030 and its emphasis on data protection, are in line with the values of socially conscious customers, further solidifying the company's standing as a good corporate citizen.
This section examines the Marketing mix choices made for the Indian and UK markets, including the standardization and adaption of products and services, pricing tactics, distribution plans, and promotional mix methods.
In order to effectively meet the distinct demands and preferences of customers in the Indian and UK markets, Apple's product strategy is based on striking a careful balance between uniformity and adaptability. The business understands the value of upholding a constant worldwide brand identity and customer experience throughout its product line (Venaik and Midgley, 2019). Because Apple products are standardized in terms of their core technology and design across the board, users can always expect a seamless, high-quality experience.
Apple is aware that every market has unique requirements and peculiarities, though. The business uses selective adaptation to satisfy local market demands and raise client satisfaction. Apple has modified its Apple Maps to incorporate a bike mode for use in India, where motorcycles are a common form of transportation. With the use of this function, Indian users may get directions tailored specifically for motorcycles, making navigation more practical and applicable to their regular commuting habits (Czinkota et al., 2021). By incorporating these modifications, Apple exhibits its receptivity to regional tastes and makes sure that its products are tailored to the unique requirements of the Indian market.
Apple remains dedicated to upholding a consistent global brand identity even as it selectively adapts some features. By taking this strategy, the business can make the most of the popularity of its image and the reliable customer experience it provides in all markets. The Apple brand is easily recognized and associated with buyers in India as well as the UK, creating brand loyalty and confidence (Helsen, 2019). Apple makes sure that its goods meet the various demands of each market while maintaining the reliability of its worldwide product offerings by selectively deciding which aspects to change. This strategy enables the business to serve the unique logistical, technological, and cultural needs of each country while preserving a consistent brand image globally.
Apple's services are likewise subject to strategic product adaption. For instance, the business adjusts its technical assistance and customer care to the regional language and cultural customs in both India and the UK (Ashraf et al., 2021). Customers are made to feel heard, understood, and supported because of Apple's specialized approach to customer care, which furthers the company's dedication to providing top-notch customer service.
Apple's premium pricing approach in the UK market is supported by the widespread belief that the company offers luxury, cutting-edge, high-quality goods. There is a sizeable group of wealthy consumers in the UK that enjoy cutting-edge technology and are prepared to spend money on high-end goods that provide an exceptional user experience. Apple increases its appeal among the target market by establishing itself as a high-end technology brand that evokes exclusivity and desire (Barman et al., 2023).
Apple's premium pricing approach enables them to maintain greater margins of profit, which are then put back into product design, marketing, and R&D. By continually making investments in new technologies, Apple is able to provide cutting-edge goods that are at the cutting edge of the market. The premium pricing strategy also contributes to the continued sense of greater quality and value, which strengthens client loyalty and advocacy for the brand. The Indian market, in contrast, provides a unique set of difficulties, largely because of its price-conscious customer base. Consumers in India are increasingly cost-conscious and prioritize affordability while making purchases (Aldhyani and Alzahrani, 2022). Apple is aware of the need to find a balance between providing high-end goods and making them available to a wider customer base.
In order to solve this, Apple implements strategic initiatives that take into account Indian consumers' limited financial resources. High-end products are now more accessible and cheaper thanks to the Equated Monthly Installments (EMI) option, which lets customers stretch out the cost of the items they buy over several months. This strategy appeals to the expanding middle-class group with increased disposable incomes, which would be prepared to invest in high-end products if the cost is spread out over time (Colbjørnsen et al., 2022).
Apple continues to offer previous versions of the iPhone at a discount in order to appeal to budget-conscious customers who might not need the most recent features but still want an Apple product. Apple expands its access to a larger variety of Indian consumers by keeping an assortment of products that includes cheap options, thereby taking advantage of the enormous potential for the market in the nation. Apple's product lifecycle approach has an impact on its pricing strategy in India as well. Older models become more affordable when newer ones are released, enabling Apple to simultaneously target several market segments (Bastounis et al., 2021). With this dynamic pricing strategy, the corporation can successfully manage inventories, capitalize on the increasing popularity of its older models, and reduce the risk of obsolescence.
Apple's distribution strategy in the UK is based on a direct sales strategy, which has been quite successful in building a significant market presence (Hadi, 2021). The business runs its iconic Apple Stores, which are judiciously positioned in well-known urban areas and offer an effortless and immersive experience for the brand. These physical stores serve as exhibition spaces for the entirety of Apple's product line, enabling customers to get acquainted with and first-hand experience the newest developments. The in-store team is skilled in providing knowledgeable help and individualized attention, further enhancing the client experience and encouraging a sense of loyalty.
Apple's website and apps in the UK complement its physical locations by offering simplicity and availability to customers all around the nation. A large variety of products are available with opportunities for personalization and modification on the company's official website as well as in-store. The effective e-commerce platform guarantees a simple and hassle-free purchasing experience, and the business's reliable transportation and distribution network guarantees prompt product delivery (Dong, 2021).
Apple's inclusion of post-sale service facilities in their retail approach improves client happiness. The availability of service facilities inside or close to Apple Stores makes it convenient for customers to get support, repairs, or guidance with their Apple goods. This all-inclusive method of customer service enhances the prestige of the brand and fosters client confidence in the business. Initially, regulatory restrictions in India prevented Apple from implementing an entirely direct sales strategy. In order to build a market presence, the company, therefore, depended on partnership-driven marketing with local, licensed shops. Apple expanded its market reach by working with these regional distributors to acquire access to established retail channels and distribution networks (Marusak et al., 2021). Through these alliances, the business was also able to benefit from the distributors' local expertise and understanding of Indian market dynamics.
Although laws gradually loosened up, Apple was able to adopt a more direct method that mirrored its successful global approach. Due to this change, the corporation now has more control over the consumer experience than it does in other regions. Apple can reinforce its competitive edge and increase customer loyalty by using a direct sales strategy to maintain consistency in its brand image and customer experience. Apple has successfully established a global footprint while taking into account regional tastes and needs by carefully weighing every component of the Marketing mix and adjusting its strategies to fit the unique features of the Indian and UK markets. Apple's continued development and market dominance in both regions have been largely attributed to its agility and focus on regional market conditions (Yin et al., 2019).
Apple's marketing initiatives are centered on a unified and consistent brand image that emphasizes its key principles of innovation, outstanding design, and user experience. Apple develops captivating narratives that arouse emotions and engage its audience more deeply through emotive storytelling. The business shows off how its products improve people's lives by fostering collaboration, productivity, and creativity (Datta et al., 2022). These recurring themes in Apple's international marketing campaigns support the company's reputation as a maker of high-caliber, cutting-edge, and visually beautiful products, encouraging loyalty to the company and advocacy among its varied global clientele.
To better connect with the local demographic in India, Apple uses a tailored promotional strategy. Due to the cultural variety and distinctive customs of the nation, marketing strategies must be specifically designed to reflect the local culture and attract Indian consumers' sensibility. Apple advertises its products as thoughtful presents that strengthen family ties and festivities during big festivals like Diwali, a time that involves significant shopping and gifting (Steeves, 2020). Apple forges a strong emotional bond with Indian consumers by capitalizing on the profound significance of these festivities.
Scheduling promotions around important occasions and holidays is a smart move to take advantage of the higher level of interest and purchasing during these times. Apple may increase brand awareness and attract the interest of prospective customers who are actively looking to make purchases for the first time by coordinating with events. Customized advertising reinforces Apple's reputation as a company that respects and supports Indian culture, which helps the Indian audience feel a feeling of community and kinship (Adeogun, 2022).
Apple's promotional strategy in India goes beyond storytelling and advertising. To successfully communicate with its target audience, the organization invests in developing a strong online presence, utilizing social media channels, influencer campaigns, and localized content. Apple works with Indian consumers' favorite local celebrities as well as influencers to increase the brand's relevance and appeal. Apple exhibits its dedication to comprehending and meeting the particular demands and tastes of the local audience by modifying its promotional mix to fit the Indian market (Khalid and Viktoria, 2023). These initiatives help the brand become accessible, relatable, and significant in India, which results in higher customer involvement and brand loyalty.
Analysis of Apple Inc.'s international marketing and sales expansion tactics in the UK and India has shown a well-planned strategy that successfully strikes a balance between uniformity and adaption. Apple has been successful in a variety of markets by upholding a constant global brand identification and customer experience while modifying some features of the products and services it sells to meet local market demands. The significance of identifying and addressing the particular demands of each market is one important discovery. In India, where the buyer base is more sensitive to prices, Apple has used strategic measures like selling EMI options and subsidizing older iPhone models to reach a wider client base while maintaining its reputation as a luxury brand. The premium pricing approach and direct sales strategy through Apple retail locations have strengthened the position of Apple as a technologically advanced brand in the UK, were wealthy buyers respect quality and innovation. The analysis demonstrates the importance of Apple's Corporate Social Responsibility (CSR) programs, which are tailored to address local needs. By taking part in socially conscious activities that appeal to each marketplace, Apple not only improves society but also boosts its reputation as a brand and its public image. Apple's global success has been greatly influenced by its targeting, positioning, and segmentation methods. The company successfully targets tech-savvy people in general, professionals, creatives, and prosperous customers in both the UK and India by identifying different market niches and delivering customized products and experiences. Apple's position as a manufacturer of high-quality and visually beautiful products is strengthened by the consistent focus on innovative products, sleek design, and flawless user experiences, luring customers who appreciate a blend of beauty and usefulness.
Journals
Albasoos, H., & Al Musallami, N. (2020). The conflict between Apple and Samsung over patents and copyrights. Bussecon Review of Social Sciences (2687-2285), 2(3), 1-17.
Aldhyani, T. H., & Alzahrani, A. (2022). Framework for predicting and modeling stock market prices based on deep learning algorithms. Electronics, 11(19), 3149.
Almeida, M., Sousa, E., Rodrigues, C., Candeias, M. B., & Au-Yong-Oliveira, M. (2021). Samsung vs. Apple: How Different Communication Strategies Affect Consumers in Portugal. Administrative Sciences, 11(1), 19.
Ashraf, A. R., Tek, N. T., Anwar, A., Lapa, L., & Venkatesh, V. (2021). Perceived values and motivations influencing m-commerce use: A nine-country comparative study. International Journal of Information Management, 59, 102318.
Barman, A., De, P. K., Chakraborty, A. K., Lim, C. P., & Das, R. (2023). Optimal pricing policy in a three-layer dual-channel supply chain under government subsidy in green manufacturing. Mathematics and Computers in Simulation, 204, 401-429.
Bastounis, A., Buckell, J., Hartmann-Boyce, J., Cook, B., King, S., Potter, C., ... & Jebb, S. A. (2021). The impact of environmental sustainability labels on willingness-to-pay for foods: A systematic review and meta-analysis of discrete choice experiments. Nutrients, 13(8), 2677.
Chacko, P. (2021). A new quest for self-reliance: East Asia and Indian economic nationalism. The Journal of Indian and Asian Studies, 2(02), 2140005.
Colbjørnsen, T. (2021). The streaming network: Conceptualizing distribution economy, technology, and power in streaming media services. Convergence, 27(5), 1264-1287.
Contreras, J. L. (2019). The New Extraterritoriality: FRAND Royalties, Anti-Suit Injunctions and the Global Race to the Bottom in Disputes over Standards-Essential Patents. BUJ Sci. & Tech. L., 25, 251.
Czinkota, M. R., Kotabe, M., Vrontis, D., Shams, S. R., Czinkota, M. R., Kotabe, M., ... & Shams, S. R. (2021). Product and Service Decisions. Marketing Management: Past, Present and Future, 341-397.
Datta, H., van Heerde, H. J., Dekimpe, M. G., & Steenkamp, J. B. E. (2022). Cross-national differences in market resAdeogun, M. (2022)ponse: line-length, price, and distribution elasticities in 14 Indo-Pacific Rim economies. Journal of Marketing Research, 59(2), 251-270.
Dong, M. (2021). The Political Economy of the Chinese Food Traceability System: Cultivating Trust, or Constructing a Technocratic Certainty Machine? (Doctoral dissertation, Carleton University).
Farahani, D. S., Ebrahimi, A., Moradian, M., & Tafti, M. K. (2020). A Study on the Role of Advertising in Competitive Advantage and Brand Popularity (Case Study: Samsung Company).
Ghosh, G. S., & Gupta, S. (2023). Ex-ante Regulation in Digital Markets in India: Some Practical Considerations. IIM Bangalore Research Paper, (683).
Guo, C. (2022). Huawei within a Challenging Environment. Academic Journal of Business & Management, 4(17), 63-71.
Hadi, A. S. (2021). The influence of product attribute, promotion mix, distribution channel, and price toward repurchase intention on iPhone. Asian Management and Business Review, 95-104.
Hamid, H. (2019). The strategic position of human resource management for creating sustainable competitive advantage in the VUCA world. Journal of Human Resources Management and Labor Studies, 7(2), 1-4.
Helsen, K. (2019). Digital marketing in the global marketplace: Latest developments.
Karulkar, Y., Shah, S., Tandon, P., & Tiwari, S. (2019). The Effect of Brand Equity Components on Purchase Intention. Pramana Research Journal, 9(10), 69-74.
Khalid, M. A., & Viktoria, D. V. (2023). Strategic Marketing Plan for Apple Inc. Network Intelligence Studies, 61-74.
Lobato, R., & Lotz, A. (2021). Beyond streaming wars: Rethinking competition in video services. Media Industries, 8(1), 89-108.
Mao, Y., Lai, Y., Luo, Y., Liu, S., Du, Y., Zhou, J., ... & Bonaiuto, M. (2020). Apple or Huawei: Understanding flow, brand image, brand identity, brand personality and purchase intention of smartphone. Sustainability, 12(8), 3391.
Marusak, A., Sadeghiamirshahidi, N., Krejci, C. C., Mittal, A., Beckwith, S., Cantu, J., ... & Grimm, J. (2021). Resilient regional food supply chains and rethinking the way forward: Key takeaways from the COVID-19 pandemic. Agricultural Systems, 190, 103101.
McMahon, K., 2022. intermediation power, aftermarkets and mobile ecosystems: the Apple app store litigation. In EU Antitrust: Hot Topics & Next Steps: Proceedings of the International Conference (pp. 93-108). Charles University Faculty of Law
Meena, M. E., & Geng, J. (2022). Dynamic competition in telecommunications: A systematic literature review. SAGE Open, 12(2), 21582440221094609.
Ozalp, H., Ozcan, P., Dinckol, D., Zachariadis, M., & Gawer, A. (2022). “Digital colonization” of highly regulated industries: an analysis of big tech platforms’ entry into health care and education. California management review, 64(4), 78-107.
Panigrahi, C. M. A. (2019). A Case Study on Marketing Strategy of Xiaomi. International Journal of Management, Technology, and Social Sciences (IJMTS), ISSN, 2581-6012.
Singh, K., & Misra, M. (2022). The evolving path of CSR: toward business and society relationship. Journal of Economic and Administrative Sciences, 38(2), 304-332.
Steeves, V. (2020). A dialogic analysis of Hello Barbie’s conversations with children. Big Data & Society, 7(1), 2053951720919151.
Venaik, S., & Midgley, D. F. (2019). Archetypes of Marketing mix standardization-adaptation in MNC subsidiaries: Fit and equifinality as complementary explanations of performance. European Journal of Marketing, 53(2), 366-399.
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Yamoah, F. A., & Acquaye, A. (2019). Unravelling the attitude-behaviour gap paradox for sustainable food consumption: Insight from the UKApple market. Journal of cleaner production, 217, 172-184.
Yin, W., Moon, H. C., & Lee, Y. W. (2019). The success factors of Korean global start-ups in the digital sectors through internationalization. International Journal of Global Business and Competitiveness, 14, 42-53.
Zanetti, M., Samoggia, A., & Young, J. (2020). Fruit sector strategic management: An exploration of agro-food chain actors’ perception of market sustainability of Apple innovation. Sustainability, 12(16), 6542.
India: |
Situation: |
Impacts on the company: |
Political |
● Stable Government (upholding the law, reducing corruption, enacting effective policy, etc.) ● Federative Democratic Republic with Parliament ● strong ties to other nations diplomatically ● Political stability that is favorable promotes commercial activity |
● A stable administration creates a favorable climate for business. ● International trade and investment are facilitated by strong diplomatic connections. ● Political stability encourages long-term company growth and planning. |
Economic |
● 8.5% estimated annual GDP growth for 2022. ● 4.5%, projected inflation rate for 2022 ● Interest rate: 6% (as of February 2023). ● 5.8% (estimated as of January 2023) (Trading Economics, 2023) |
● The strong economic expansion opens doors for corporate expansion. ● Consumer purchasing and borrowing habits are influenced by moderate inflation and interest rates. ● A healthy labor market ensures that businesses can access a trained workforce. |
Social |
● large and diverse population ● 35.4% of Indians live in cities. ● Age median: 29.3 ● urban middle-class population is expanding quickly ● use of social media and digital technology is expanding (World Population Review, 2023) |
● A diversified population provides businesses with a wide range of potential customers. ● Consumer demand is driven by rapid urbanization and the rise of the middle class. ● Growing digital adoption creates opportunities for corporate strategies that focus on digital. |
Technology |
● Developing nation in terms of technology (developing as a worldwide technological center) ● Internet usage and smartphone adoption is expanding quickly. |
● India's technical development encourages the use of creative commercial solutions. ● A growing market for digitally aware tech goods and services is provided by rising smartphone and internet usage. |
Legal |
● government programs to make running business easier ● India's involvement in global trade agreements ● A favorable legal environment promotes company investments and opportunities for international trade. |
● Government measures to make doing business easier help businesses run more smoothly ● Participation in trade agreements increases enterprises' access to markets. ● An advantageous legal climate offers safety and protection for commercial operations. |
Environment |
● Environmental issues in India, including waste management and pollution ● Government programs are placing more emphasis on sustainability and environmentally beneficial methods. |
● To solve environmental issues, the business needs to adopt sustainable practices. ● Adopting environmentally friendly methods strengthens business social responsibility and boosts brand reputation. |
(Source: Self-Created in MS Word)
UK: |
Situation: |
Impacts on the company: |
Political |
Rule of law, manageable corruption, the effectiveness of legislative and regulatory actions, etc.) ● Parliamentary democracy and constitutional monarchy ● favorable political ties to various nations ● The Brexit (EU withdrawal) (Buswell, 2023) |
● A stable economic environment is provided by an efficient and competent government. ● International trade and cooperation are facilitated by positive political relations. ● Brexit could present difficulties and uncertainty for trade and regulatory issues. |
Economic |
● 0.6% (Est. for December 2022) GDP Annual Growth ● Rate of inflation: 9.1%, as of 2022. ● 4% (estimated for February 2023) ● 3.7% unemployment (as of Jan. 2023). (Trade Economics, 2023) |
● Strong economic conditions enhance company activity overall. ● High-interest rates and inflation could have a negative effect on consumer spending and firm profitability. |
Social |
● population with a diversity of cultures ● In the UK, urbanization is at 83.2%. ● Age median: 40.5 ● The UK has a more stylish way of life because of its highly educated population and internationally renowned educational system (World Population Review, 2023) |
● Consumer tastes may vary as a result of changes in demographics, altering business offers. ● Businesses have the opportunity to appeal to clients that are fashion oriented because of the large metropolitan populations and stylish lifestyle. |
Technology |
● Advanced IT & tech (top research and development organizations) ● The UK attracted a record-breaking $15 billion in investment in 2020. 2020 (The Guardian) |
● R&D facilities and technological breakthroughs present opportunities for creative company strategies. ● Growing technological investments can affect business strategies and improve customer experiences. |
Legal |
● Government programs assist businesses. ● Following Brexit, the UK and EU have reached a new trade agreement (TCA) that maintains zero-tariff and zero-quota access to each other's markets. ● The UK is also autonomous of the EU in terms of rules and regulations. (www.BBCNews.co.UK) |
● Government initiatives that are supportive make company operations easier ● Trade agreements provide enterprises access to the market ● For corporate operations, legal independence from the EU presents both benefits and challenges. |
Environment |
● The UK weathers ● Environmental concerns and pollution (government helping people and businesses to comprehend issues and act appropriately) (www.gov.UK) |
● Utilizing sustainable practices and acting responsibly toward the environment is consistent with understanding one's carbon footprint. ● Environmental issues are becoming more widely known, which affects customer preferences and company reputation. |
(Source: Self-Created in MS Word)
INDIA |
||||
Competitors |
Apple inc |
Samsung |
Xiaomi |
OnePlus1 |
Pricing |
Mid to High |
Mid to High |
Mid to High |
Mid to High |
Competitive advantage |
Brand Image, Strong Ecosystem (Hamid, 2019) |
Established Market Presence, Innovation (Farahani et al., 2020) |
Value for Money, Extensive Product Range (Panigrahi, 2019) |
Flagship Killer Devices, User Experience (Karulkar et al., 2019) |
(Source: Self-Created in MS Word)
UK |
||||
Competitors |
Apple inc |
Samsung |
Huawei |
Google (Pixel phones) |
Pricing |
Mid to High |
Mid to High |
Mid to High |
Mid to Low |
Competitive advantage |
Premium Brand Image, Innovation (Hamid, 2019) |
Diverse Product Portfolio, Brand Loyalty (Albasoos and Al Musallami, 2020) |
Cutting-Edge Technology, Innovative Design (Guo, 2022) |
Pure Android Experience, Software Updates (Wadley, 2021) |
(Source: Self-Created inMS Word)
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