The news of Verizon helping customers with bad credit would make Verizon’s telephone ring all day. Young people, old people, and everyone in between would call Verizon for help with their credit. While helping people with their credit, Verizon could sell all their services to all of these customers. Stakeholders, executives, and managers would love this change project because it would help customers and help Verizon expand their customer base.
Verizon and AT&T are both such successful wireless communications providers, that sometimes it is easy to forget that there are other available providers. The consumer numbers for T-Mobile, Sprint Corporation, and U.S. Cellular do not even compare to Verizon’s and AT&T’s continuously growing number of consumers. Verizon and AT&T, although competitors, continue to find their own success and new wireless communication users. It is important to take a look at the background of both competitors to see where Verizon and AT&T got started. Verizon was created just 17 years ago on June 30, 2000.
Introduction Verizon Communications started in 1984 as “Bell Atlantic” and one of the seven “Baby Sell”. In 2000, Bell Atlantic merged with independent phone company GTE Corporation and created the name "Verizon", a combination of VERITAS, the Latin word “ truth” and horizon, signifying forward-looking and visionary.(“Wiki”). “Verizon Wireless serves mobile phone, text message, and data services for smart phones, tablets, and computers, as well as wireless hotspot devices.” (“Wiki”). Verizon competes against other national wireless service providers, including AT&T, Sprint Nextel Corporation and T-Mobile USA, as well as various regional wireless service providers.
Verizon regular changes from its vision reflect the saturation of the U.S. mobile market, where there are already more phone lines than people, as well as a fear of igniting a price war, analysts said. "There's very little growth left in the traditional parts of the wireless industry, and as such revenue growth has to come from increased revenue per user," says Jan Dawson, chief analyst at Jackdaw Research. " But raising prices is always a risky business when you're facing strong competition, especially on price. "(Pressman,
At the company’s inception in 2000, then Chief Executive Officer, Dennis Strigl, deliberately shaped and developed Verizon Wireless’ mission statement. He purposely ensured the mission statement not only described the reason for Verizon’s existence, but also distinctly defined its organizational values, desired culture, and exemplified how employees should interact with customers, competitors, suppliers, their communities, and team members (Verizon (USA), n.d.). “We focus outward on the customer, not inward” and “we know teamwork enables us to serve our customers better and faster” (Verizon (USA), n.d., p. 1) are two among many other declarations within the Verizon’s mission statement/credo that exemplify Verizon’s commitment to its customers
From the strategic design lens organizations are seen as social systems deliberately constructed to achieve certain strategic goals. There are three key elements that form strategic design which is the following: strategic grouping, linking, and aligning. One of the largest Canadian companies, Rogers Communications Inc. employs approximately 26,000 employees, providing services nationally throughout Canada. Due to its operation in numerous provinces of Canada and offering of various services, Rogers Communication contains an organizational structure chart for each province which is segregated by means of service. As mentioned on their corporate website, the organizational structure of Rogers Communications is led by the Board of Directors, accompanied by officers, and then segregated by the following service divisions: Rogers Wireless, Rogers Cable, and Rogers Media.
Then in the case of Sprint, through their business models they are providing customization option to the customers in an effective way (John et al 2001). Verizon business models focused in to business communities and the development of new products, with the support of WDA. While analyzing the revenue margin of three companies we can able to understand the WDA business models in a detailed
The capital business sector is the business sector for securities, where organizations and the legislature can raise long haul stores. The capital business sector incorporates the stock exchange what 's more, the security market. Money related controllers, for example, the U.S. Securities and Exchange Commission, direct the capital markets in their individual nations to guarantee that financial specialists are ensured against extortion. The capital markets comprise of the essential business sector, where new issues are appropriate to financial specialists, and the optional business sector, where existing securities are exchanged. (n.d.).
“It’s not that we use technology, we live technology.” This quotation means that our generation today is more dependent in technology; some of us cannot live without these technologies even though technology is just our “wants” but they made it as their “needs”. Technology can make any work easy and fast that’s why most people prefer using it than doing manual work. A Smart Phone is one of the many examples of technology that most of the people use today, Smart Phone is a mobile phone that performs many of the functions of a computer, typically having a touch screen interface, internet access, and an operating system capable of running downloaded applications (“Smartphone.” Oxford Dictionaries, Oxford University Press) and also a Laptop which is defined to be a
Contents Introduction 3 Introduction From the beginning analog mobile generation (1G) to the last implemented fourth generation (4G) the pattern has altered. The new generations don’t pretend to become with better voice communication but to get access to the reality of new mobile communication. The purpose is that to get access to anything every time, everywhere. As the needs of the users changing day by day, so the purpose is to provide services to the users according to their needs.
Organizational structure is the typically hierarchical arrangement of lines of authority, communications, rights and duties of an organization. Every company have its specific goals and objectives toward which they work. Specific employees must oversee and control the flow of work to meet crucial project deadlines. The purpose of organizational structure of Public Bank is to establish the operation and assist the organization to achieve the organization goals and future growth. Organizational structures are subdivided into 3 types such as divisional structure, functional structure and matrix structure.
Research Analysis for Business It is my responsibility as a Business Consultant officer for General Motors Corp. monitoring all activities of the company and then review them thoroughly to be able to device more cost-effective and profitable business plans for the organization. General Motors is one of the principal auto makers in the United States and across the globe marketing their automobiles and innovative style. According to “General Motors” (2014). During the earlier years General Motors only held Buick Motor Company, several years later the automaker obtains more than 20 companies including Oldsmobile, Cadillac and Oakland, today known as Pontiac.”
Normally, consumers have unique needs that are not similar all the times. Therefore, the company must develop products that can address the unique concerns of the consumers. Evidently, Apple Inc. has been successful in the creating variety of products. However, pricing of the Apple Inc. products tend to limit the ability of buyers to purchase the products. While the company might justify the price of the products, setting the prices too high limits the ability of the willing buyer to purchase the
Given the current position Virgin Mobile is within the execution process, extensive analysis and research is required to effectively and adequately fulfill their underlying objectives. When analyzing a perspective industry to embark upon, it is important to evaluate the competition and the attractiveness of your company in comparison to the current offerings available. Therefore, in evaluating Virgin Mobile’s position in the mobile phone industry, it was important to note that the companies that currently occupy the market have the capital and market relevance. On the other hand, their complacency in the market place has shown in their reluctance to expand their target market. The vary factors that contribute to the attractiveness in a market