Exceeding the oil giant, Apple officially became the most valuable company in the worldSaturday, August 8
Exceeding the oil giant, Apple officially became the most valuable company in the world
Apple is on track to become the first $ 2 trillion company in the world after reporting on-going results despite the plague.
Closing the session on July 31, Apple officially became the largest public company in the world, surpassing mining giant Saudi Aramco. Thanks to outstanding second-quarter business results, Apple shares rose 10.47% on the same day to $ 425.05 / share, increasing its market capitalization to $ 1.84 trillion. Saudi Aramco is behind with a market capitalization of 1.76 trillion USD.
Despite Covid-19, Apple revenue from April to June is still up 11% year-on-year. The company has recovered from a bad slowdown in March. This year, Apple shares have risen more than 44. %.
In a report released yesterday, Morgan Stanley analysts assessed that Apple continues to grow in all segments and geographies thanks to its interaction with the growing ecosystem. And J.P.Morgan Bank said customer loyalty shows that Apple does not need traditional stores to sell products.
Apple has had to close more than 70 stores globally due to the increase in the number of Covid-19 cases, yet users are still rushing to buy its equipment and services. It proves the importance of Apple products to customers and they are willing to bypass traditional shopping channels when asked.
Technology Revolution 4.0, “unavoidable” corporate risks
If an enterprise wants to develop sustainably, the construction of measures to overcome the risks is very necessary.
In fact, it requires management professionals to use their experience to overcome and report negative issues. In order to require businesses to have an appropriate defense system. In the booming tech revolution 4.0, most want a solid corporate governance to go through the following 5 basic steps:
5 risk steps businesses need to know!
Step 1: Identify the risks
First of all, you need to clearly identify the risks that your business may face in the business process. There are many types of risks that can happen such as legal risks, market risks, environmental risks … and a series of other risks. For one thing, the more risks you identify, the better direction and resolution you will have.
In the era of technology booming today, many businesses have started to look to the right tools to overcome risks, where to store and update all information. Therefore, all involved parties can easily detect the situation and work progress to resolve quickly.
Step 2: Analyze the risks
To thoroughly manage risks, businesses need to clearly analyze all risks based on the following criteria:
– Range of risk exposure
– Relationship between business elements with risks
– The degree of influence between the risks and that element. There are risks that can cause the business to die, there are also risks that make the business less inconvenient.
Check risks with a variety of documents, policies, procedures and other business processes. This analysis will help businesses find out the deepest causes of risks.
Step 3: Evaluate and rate the risks
Thinking about the risks does not need evaluation and conduct. But in practice, companies should rate risks, to get a comprehensive and overall view of the degree of danger that is likely to be encountered.
A risk that causes only minor inconvenience is assessed as low risk. Besides, if the risk of damaging, catastrophic loss is rated high. The business may face a lot of low-level risks, and it’s not necessary for top management to intervene. However, if the incoming risk is assessed as high, then it should be strictly controlled under the hands of high-ranking teams.
Step 4: Handle the risks encountered
Ideally, businesses should try to minimize or quickly eliminate the identified and ranked risks. Usually, this will be done by connecting businesses with experts in the field of risk (finance – financial experts, legal risks – economic lawyers …). After that, businesses need to arrange and schedule meetings for people to directly discuss, prevent and respond.
Step 5: Monitor and review the risks
In fact, not all of the risks can be solved, but some risks still exist. Market risks and environmental risks are two common examples. Once a successful risk management system has been built, businesses always need to observe and closely monitor everything around, so that they can make the right choice.