Company description
Formerly known as Apple Computer Inc, Apple Inc. is a corporation that produces ad supplies computer s, electronics and computer software. Apple Inc. situated in Cupertino, California is a multinational corporation founded in the year 1976 by Steve Jobs and incorporated in the year 1977 on January 3 (DePamphilis 2011). Apple Inc. products include the Mac that is a successful line of computers. It produces other electronics such as the iPod, iPad and the iPhone. The company is famous for developing software such as the iOS operating system and the OS X. browsers such as the ITunes widely uses in the iPod and the Mac Computers to stream and download software, songs, music videos and games. Other web browsers developed by Apple Inc. include the Safari web browser, the iWork and iLife.
The company is the third largest company involved in phone manufacture. It is the most admired company all over the globe and in the United States where it has its roots. With over 390 retail stores, the company is the largest company in the world when regarding market capitalization (DePamphilis 2011). The company employs well over 72000 full time employees that are permanent and more than 3000part time employees across the world. The company recorded a massive 156 billion dollars in annual revenue.
Major initiatives
One key initiative the company plans to work on is the repurchase program that commenced on September 2012. This initiative program will occur over the next three years (Lüsted 2012). Apple Inc. will initiate a dividend of 2.65 dollars per share in the quarters of all fiscal years. This will commence a 10 billion dollar share repurchase program. The primary goal of this is to neutralize dilution impact from equity grants for future employees and the stock purchase plan (Lüsted 2012. The company will spend a total of 45 billion dollars in dividend combination and share repurchase over the next three years.
Over the next three years, the company plans to increase research and development projects. Other plans include opening new stores across the world to reach new customers. Acquisition of new stores will occur in the same period. The company plans to increase expenditures in capital and the supply chain in all major stores. According to Lüsted (2012), the company will initiate research and developmental activities across the world in a move to look for new markets. Steve Jobs prepared blueprints for updates on the iPod, iOS and the MacBook. Steve Job wanted the company to play a crucial role in the advancement of technology as he was overseeing the development of iCloud. The company plans to continue on this initiative following the demise of Steve Jobs.
Elements of administrative law
The most relevant elements of administrative law that will be relevant in the initiatives planned by Apple Inc. will be; the administrative agency involved in the formulation of the initiatives will derive its authority and power from the legislative body (Shaw 2011). This will give the administrators power to continue with plans to commence with its plans that it has set out in the coming years. A judicial commission will review the administrative body to check if the company has complied with the standards set by the statutory delegation of powers (Bose 2008). This will enable the shareholders not to be defrauded.
The laws set out by the legislature affects the management and the organization of a business. According to Bose (2008), this brings effective management and realization of the goals that it has set out in the future. The initiatives of Apple Inc. successfully occur if the company adheres to the set rules and regulations formulated and enacted by the legislature. The company benefits on its ability to follow the standard set out. Investors and shareholders invest in corporations that adhere to rules and regulations set by the government of the country.
Effective administration for the initiatives of the company made as long as the company follows suit with the administration laws of the country. These laws will enable cases of fraud in the company to reduce as there is transparency in the decision-making process. Decisions made as a team and not left for one person to make (Bose 2008). This leads to effective decision-making. Compliance to the legislative body will enable the company to carry out its transactions and business deals with ease. This results to no broken law because the company follows the rules and regulations set. Effective leadership in the forthcoming increases the company’s chances of remaining a top player in the business. Delegation of powers to the executive makes this so.
Taking into consideration the initiatives that the company plans to achieve over the next three years, Apple Inc has to stick to some e-commerce laws. The Uniformed Commercial Code (U.C.C) requires the company to comply with the proper ways of selling and the lease of good computer equipment included (Shaw 2011). The Uniform Electronic Transaction Act (U.E.T.A) requires that Apple Inc. meet the terms that the law stipulates. This law concerns with business, governmental matters and commercial matters in conducting transactions by electronic means. The relevant authority requires Apple, Inc. to meet to terms with the U.C. Electronic Signatures in Global and National Commerce Act (E-Sign Act). The company should ensure the legality of the contracts entered electronically and where incorporation of electronic signatures occurs.
Apple, Inc. plans to open up and acquire new stores across the globe. The main products in the stores are Ipods, Iphones and the Ipad. The company should adhere to the licensing laws that require that all products licensed and the copyrights given to the company by the appropriate authorities. This bars other companies from reproducing the product. According to Shaw (2011), he licensing law requires the electronic devices do not cause any serious health problems to the users. The law requires licencing of electronic devices and certified that they belong to Apple Inc. Apple Inc. should license the new stores to avoid closure by the authorities.
Recommendations
The company has to be strict in its plans to achieve the desired goals. It has to ensure that all the administrators are doing their work with the utmost professionalism and maximum efficiency. All employees should work and act accordingly with minimum room for errors. The company must observe privacy protection at all times. The company must ensure no lawsuits affect the company that might cost it millions if not billions in its revenue. The company should be ready for cases of product liability. The company should design and develop products that will not cause injuries to those who use them. Apple Inc should avoid infringing the copyrights of other computer based programs and devices to avoid lawsuits. The company should develop unique designs for its products and not steal other company’s designs and models.
References
Bose, D. C. (2008). Business law. New Delhi: PHI Learning.
DePamphilis, D. (2011). Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions. Burlington: Elsevier Science.
Lüsted, M. A. (2012). Apple: The company and its visionary founder, Steve Jobs. Minneapolis, MN: ABDO Pub.
Shaw, W. H. (2011). Business ethics. Boston, MA: Wadsworth/Cengage Learning.
