Strategic Management of Companies-Free-Samples-Myassignmenthelp

Question: In context to Strategic Management, search the Fortune Most Admired Companies 2010 and compare that list to the latest one of 2017. Answer: According to the Fortune 500 list of 2010, the top 10 companies are as follows: Wal-Mart Stores, Inc. Exxon Mobil Corporation Chevron Corporation General Electric Company Bank of America ConocoPhillips AT T Inc. Ford Motor Company P. Morgan Chase Co. Hewlett-Packard Company (Fortune.com 2017) According to the Fortune 500 list of 2017, the top 10 companies are as follows: Wal-Mart Stores Inc. Berkshire Hathaway Apple Exxon Mobil Corporation McKesson United Health Group CVS Health General Motors AT T Inc. Ford Motor Company (Fortune.com 2017) According to the Fortune 500 list of top companies there are many changes in the position of the companies and the entry of new companies as well. Apple has entered the list at the third position and Hewlett-Packard has left the list. However, Walmart has maintained its position at the top rank over the period of seven years. The company has been maintaining the top position since the last five years. In spite of having only physical presence the company has been the topmost retailer of the world. The revenue of the company has been as high as 485.8 billion dollars. Though the company has seen a drop in the sales in the year 2015, they have recovered from the drop and maintained their top position (Peppard and Ward 2016). Apple was not present in the top 30 companies in the year 2010, whereas Hewlett-Packard is not present in the top 30 companies list of the 2017. Apple Apple has shown immense growth from the year 2010 till the recent times. The company has shown steady from the year 2010. After the death of Steve Jobs, the company was led was Tim Cook and this led to a huge change in the management of the company resulted in the growth. The core competencies of Apple relate to the products and the brand image created by the company, which cannot be imitated easily. This feature gives the company an edge over the other mobile companies (Khan, Alam and Alam 2015). The customer base of the company is also different from the other companies and the products of the company are innovative in nature. SWOT Analysis Hewlett-Packard Hewlett-Packard or HP is a company that was founded in the year 1930. The company has been showing huge growth since its inception. However, HP had taken a wrong decision in the year 2010 by investing in the mobile business and the failure of which led to the shutdown of the business in 2011. Following this debacle many other wrong decisions were taken by the company which has contributed to its fall in the recent years. The company has been facing problems in the management level from the year 2010. The company manufactured mainly printers and PCs. In the year 2011 the business had split and the PCs and printers are now different businesses (Bertoni, Chirumalla and Johansson 2012). This will have an impact on the future prospects of the company and its growt SWOT Analysis References Bertoni, M., Chirumalla, K. and Johansson, C., 2012, January. Social technologies for cross-functional product development: SWOT analysis and implications. InSystem Science (HICSS), 2012 45th Hawaii International Conference on(pp. 3918-3927). IEEE. Fortune.com (2017).Fortune 500 Companies 2017: Who Made the List. [online] Fortune. Available at: https://fortune.com/fortune500/list/ [Accessed 20 Nov. 2017]. Khan, U.A., Alam, M.N. and Alam, S., 2015. A Critical Analysis of Internal and External Environment of Apple Inc.International Journal of Economics, Commerce and Management,3(6), pp.955-961. Peppard, J. and Ward, J., 2016.The strategic management of information systems: Building a digital strategy. John Wiley Sons