Apple Inc.

  has that strategy of continually designing innovative products in a high

profile manner.  This requires management to engage with key stakeholders, measure
and manage risks, and finally report and assure sustainability information.

Costco's strategy is driving sales, using a no-frills approach without advertising.  

Apples's strategy leads its management to be more concerned with convincing investors
that its various decisions promote an innovative product design culture, whereas
Costco's strategy leads management to focus more on providing quality products at a
price lower than competitor's prices.

How did these strategies help these companies in their sustainable operations?

Limit your response to 100 words.  Feel free to like, respond, or comment on your peers'
discussion contributions.  We would like to develop this forum as a light, friendly, and
respectful learning platform where all the members of the class learn from each other.  

Every business constantly starts with the corporation’s strategy to achieve their
sustainable goals. Having effective strategies is essential for a business to prosper in
the marketplace. Hence, strategy helps the companies to create efficient decisions and
actions that would benefit the performance of its organization. Companies like Apple
Inc. and Costco has an adequate strategy to entice the public and stakeholders and to
encapsulate their sustainable operations so that it could successfully thrive in the
industry. Generally, effective strategies help every enterprise in its operation because it
incorporates good purpose and creative ideas that would benefit and aid all firms and
individuals within the community.

Every business constantly starts with the corporation’s strategy to achieve their
sustainable goals. Having effective strategies is essential for a business to prosper in
the marketplace. Hence, strategy helps the companies to create efficient decisions and
actions that would benefit the performance of its organization. Companies like Apple
Inc. and Costco has an adequate strategy to entice the public and stakeholders and to
encapsulate their sustainable operations so that it could successfully thrive in the
industry. Generally, effective strategies help every enterprise in its operation because it
incorporates good purpose and creative ideas that would benefit and aid all firms and
individuals within the community.     
Effective stakeholder engagement is very significant because it helps to identify and
understand the concerns brought up by the stakeholders which can be a great benefit
for the business to thrive in the industry. Hence, Eli Lilly and Company’s established a
strategic plan which can improve their relationship with their stakeholders. Based on
their tagline, ”Make it better and better” they are dedicated to provide them the best
service as they keep on conversing with them to stabilize a constant connection towards
each other. With this, they can know the primary concerns of the key stakeholders in the
company. Moreover, the firm also executed a ”Voice of Alliance” survey for their
stakeholders that can help them know their partners better which can enable them to
understand their issues/concerns within its operation.