Corporate headquarters is the part of a corporate structure that deals with tasks such as strategic planning, corporate communications, taxes, law, books of record, marketing, finance, human resources, and information technology. Corporate headquarters takes responsibility for the overall success of the corporation and ensures corporate governance . It is sometimes referred to as the head office , which is the location where the executives of a business work and where many of the key business decisions are made. Generally, corporate headquarters acts as a core when the business is operating.
15-485: The Apple Campus is the former corporate headquarters of Apple Inc. from 1993 until 2017. In April 2017, it was largely replaced by Apple Park (aka Apple Campus 2), but is still an Apple office and lab space. The campus is located at 1 Infinite Loop in Cupertino, California , United States. Its design resembles that of a university, with the buildings arranged around green spaces . Apple's corporate headquarters
30-459: Is headquartered has a significant influence on the company's activities, including its business practices and its corporate philanthropic giving. Corporate headquarters is considered a business's most prestigious location. A corporation's headquarters may also bring prestige to the city it is located in and help attract other businesses to the area. Businesses frequently locate their corporate headquarters in large cities, such as New York, because of
45-428: Is numbered with one digit on the private U-shaped street Infinite Loop, so named because of the programming concept of an infinite loop . The street, in conjunction with Mariani Avenue, actually does form a circuit (or cycle) that can circulate indefinitely. The main building has the address 1 Infinite Loop, Cupertino, California. Employees refer to these buildings as IL1 to IL6 for Infinite Loop 1–6. Beyond Infinite Loop,
60-530: The London headquarters and to perform the tax function and legal compliance function within the United Kingdom. Most of the multi-business firms have their corporate headquarters performs obligatory functions. It represents all businesses legally in respect of the regulator(s) and aggregates the financial, tax, and legal data. Similarly, the corporate headquarters can also function as the company's face to
75-470: The cafeteria menu. On the night of August 12, 2008, a fire started on the second floor of the building Valley Green 6. The firefighters worked until morning to extinguish the fire. No injuries were reported, but the forty-year-old building suffered $ 2 million of fire damage. The Apple Campus is located on the southeast corner of Interstate 280 and De Anza Boulevard, and occupies 32 acres (130,000 m) in six buildings spread over four floors. Each building
90-444: The campus were exclusively research and development . Until then, the buildings were referred to as R&D 1–6. With the return of Steve Jobs to Apple in 1997, changes were made to the campus. Apple increased the number of occupied buildings, and many activities not related to R&D were moved to the buildings on Infinite Loop, gaining "IL" designations. Steve Jobs's actions included banning employees' pets and dramatically improving
105-416: The company controls more than 3,300,000 square feet (310,000 m) for its activities in the city of Cupertino. This represents almost 40% of the 8,800,000 square feet (820,000 m) of office space and facilities for research and development available in the city. At 1 Infinite Loop was an Apple Store selling Apple equipment and souvenirs. It was the only part of the campus open to the public. The store
120-409: The corporate headquarters is more entrepreneurial in nature. It is considered the major source of corporate advantages and key in justifying the configuration of diversified companies. It comprises various horizontal and vertical coordination activities, such as the leveraging of the synergy potential and the application of management innovation. The "control role" of the corporate headquarter guides
135-469: The country or internationally. Companies, however, generally do not have two corporate headquarters, even if they are international companies, although they may have branches that take on some of the responsibility for making corporate decisions in other countries. For example, if a company is headquartered in New York but has an office in London, the company may assign a specific location in London to act as
150-406: The customer and build reputational value. Shared services are services provided by the corporate headquarters for various business units. Owing to the aggregation of demand for these services, the headquarters can realize scale effects and provide them at lower total costs. Typical shared services are HR, IT, and marketing services. In contrast to the first two roles, the "value creation role" of
165-459: The greater business opportunities available there. The corporate headquarters may or may not be in the location in which the business is incorporated or where the majority of its employees work. Offices of a business that are not the corporate headquarters are called "branch offices". The headquarters is often selected by the founders of the company to be conveniently located to where they live. Branch offices may then be opened, either locally, within
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#1732771866301180-407: The interface: Reporting line and bi-directional link between corporate headquarters and business units. Most other divisions and branches report to the corporate headquarters and staff may visit there periodically for training or other instructions". The corporate services are often relocated into a separate legal entity called shared services center . Research shows that the city in which a company
195-413: The whole Apple Campus occupies an additional thirty buildings scattered throughout the city. Some of these buildings are leased (with an average rental cost of $ 2.50 per square foot), and others are of recent acquisition; the land that the new buildings occupy is for future construction of a second campus in the city for centralization. In total, including nine newly acquired buildings on Pruneridge Avenue,
210-705: Was closed on January 20, 2024, at 6:00pm. Corporate headquarters The corporate headquarters includes: the CEO ( chief executive officer ) as a key person and their support staff such as the CEO office and other CEO related functions; the "corporate policy making" functions: Include all corporate functions necessary to steer the firm by defining and establishing corporate policies; the corporate services: Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners;
225-547: Was originally located at Building 1 on 20525 Mariani Ave in Cupertino. The land east of Mariani One across De Anza Boulevard where the campus was built was originally occupied by the company Four-Phase Systems (later acquired by Motorola ). Its area is 850,000 square feet (79,000 m). Construction began in 1992 and was completed in 1993 by the Sobrato Development Company. Before 1997, activities on
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