IBM is a global technology company founded in 1911 with a mission to lead in information technologies. It generates revenue through system and server sales, storage, networking, software, and IT services. While IBM has strengths in R&D and profitability, it faces challenges from its large size and needs to strengthen mobility products. Opportunities exist in growing markets, but IBM faces threats from intense competition and potential substitutes. To adapt, IBM focuses on business model innovation, M&A, sustainability, and becoming a smarter enterprise.