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1Wk 2 – Apply: SWOT AnalysisName: Selected Organization: Apple IncComplete a SWOT analysis from a global perspective, if applicable.StrengthsWeaknessesMost valuable and recognizable brand equityVery loyal customer base with highest retention rate among its major rivals.Sustainability made possible through LiamHigh Priced ProductsIncompatibility With Other Software-closed ecosystemDependence of sales on high-end market segmentsUnfair business practicesOpportunitiesThreatsDevelopment of new product linesExpand Music Streaming ServiceDeliver Self-Driving Software TechnologyGreen technologyCorona virus OutbreakAggressive competitionImitationRising labor cost in various countriesBackdoor Mechanism
2AnalysisSummarize your findings from the SWOT analysis for the CEO of the organization you chose. Address the following in your 2- to 3-page summary:How would you match the organization’s strengths to its opportunities? How would you convert the organization’s weaknesses into strengths?What recommendations do you have to mitigate the impact of the threats?What action(s) does the organization need to take to advance their organization goals and/or expand their competitive advantage? Why does the organization need to take this/these action(s)?Apple Inc which was established in 1977, is one of the most valuable companies in the world both in terms of market capitalization as well as brand equity. It has managed to stay ahead in therace with its ability to deliver emergent technologies at a premium pricing. Moreover, the company’s marketing mix entails a strategy for premium pricing. This allows for high profit margins that ensures high profits regardless of sales volumes (Khan et al., 2015). Apple Inc