Managerial Strategy
A managerial strategy is a technique for controlling business through specific decision-making processes; in a bid to attain predetermined goals and objectives. In Apple Company, Managerial procedures could involve setting long-term and short-term goals; for instance, the strategy to deliver high customer value through innovative brands. Throughout the history of management, the managerial approach is essential because organizations like Apple can successfully achieve all the set goals if all the predetermined strategies are anchored throughout the firm. Otherwise, most firms would have been operating with no purpose; for Apple Company, approach forms the foundation of outlining specific goals, indicating the time frame to achieve them and implementing adequate resources for the mission. Apple’s managerial strategy to deliver high customer value through innovative brands has various impacts on the compensation system. In that, the firm’s success relies on the work of the employees, and for them to work to their full potential, they have to be rewarded sufficiently. Through the implementation of this strategy, Apple Company has gained a substantial market share globally. Besides, all organizations are always part of a broader environment, which is consistently impacted by various forces, such as the community, government regulation, and consumers. Therefore, for proficient functioning, the compensation system is an asset and not a liability. The compensation system is vital because it creates the willingness and motivation amongst qualified employees to carry out activities in line with the organizational requirements. And since it controls desirable behaviors, it is one of the essential tools of the management. Of course, it does not work alone, but it is combined with other strategies to ensure more efficient outcomes.