Analysis Of Verizon Communications Inc.

As of late 2004, Verizon is already considered the world's largest telecommunication company with annual revenue of $67.8 billion. Their continued plans are leading toward acquisition and development of fiber technology, which will allow it to offer cable TV services. Apparently they are still apprehensive regarding business customer and plan to extend add-ons again into the private sector, which worked for them in 2003.

At Verizon Communications the strategic focus is on the wireless and wireline segments. They continue to advance both networks through innovation and consistently staying on top of the newest and best technology. This allows them to be one foot in-front of their competitors. Verizon believes the steady investment they put into their networks and platforms will drive innovative products and services and will continue to fuel their growth. The strategic plan for Verizon Communications will continue to make their wireless and wireline networks the hallmark of their brand. They believe this will carry their brand and give a competitive advantage over competitors.

“Verizon Communications Inc. (Verizon) is one of the world’s leading providers of communications services. Verizon’s wireline business, which includes the operations of the former MCI, provides telephone services, including voice, broadband data and video services, network access, nationwide long-distance and other communications products and

Verizon is a major telecommunication provider in the United States. The company is the market leader, with $110 billion revenue and $2.4 billion in profit (MSN Moneycentral, 2012). Verizon has steady revenue streams that are largely based on a subscription model. It has several business segments, including wireless (63.3% of revenues) and wireline (36.7%) (2011 Verizon Annual Report). Most of this report will therefore focus on the wireless business, not only because this is the largest business that the company operates but because it is a rapidly growing and evolving business as well, a function of the rapid pace of smartphone adoption in America.

“Verizon Communications Inc. (Verizon) is one of the world’s leading providers of communications services. Verizon’s wireline business, which includes the operations of the former MCI, provides telephone services, including voice, broadband data and video services, network access, nationwide long-distance and other communications products and services, and also owns

1. Mission, vision, and primary stakeholders Verizon's corporate mission statement is published in the introduction to the 2010 report, "to enable people and businesses to communicate with each other. We are also committed to providing full and open communication with our customers, employees and investors" (Verizon, 2011a, p. i.). This conveniently outlines the primary stakeholders, with customers owning the service delivered through contracts they commit to, employees obviously having a stake in compensation, benefits and retirement, and investors including institutions as well as individuals. Other stakeholders include the general public who benefit from corporate giving and responsibility, and the suppliers and distributors, their shareholders and employees who earn profit and wages generated directly and indirectly as part of the Verizon value chain, and perhaps the taxpayers who enjoy public services from direct and indirect (capital gains) taxes thereby.

Verizon Communications, Inc. is a broadband telecommunication company that maintains a primary focus on wireless communications. Verizon, in some capacity, maintains a presence in over 150 countries with new territories being developed yearly.

Verizon is a global IP leader, operating one of the worlds’ most connected public Internet backbone networks, delivering solutions that let customers securely connect, communicate and collaborate around the globe Verizon Communications, based in the United States was founded by William J. Katherine in 1983. Verizon provides mobile broadband services within the United States.

Due to wide coverage and most efficient customer service Verizon has become the largest Wireless communication company in U.S.

In its 2012 annual report the company states “innovation in networks is the foundation for growth across the whole industry.” Therefore, Verizon has not only developed strong partnerships aimed at enhancing services; the company has also expanded into the digital healthcare industry, reduced reliance on energy usage, and will continue to expand vertically to other industries where their technologies can influence social change.

Verizon Communications formed by the merger of two big and successful companies, Atlantic Corp. and GTE Corp., is the largest telecommunication company. The company serves large part of the market in United States. However the company faces certain strengths and weaknesses which affect the way company formulate its strategies.

The purpose of training and developing within any organizations is to improve the overall effectiveness of goods, product and services, competitiveness, and emphasizes growth in all aspects. It also increases productivity, develop employee turnover, increases financial gain, and lessens the managerial and supervisory positions. Training and developing is essential to obtain but many employers have different perspectives of what training and developing means for its organization. Verizon is one of the leaders in innovative wireless communication and in delivering broadband to businesses, mass market, wholesale, government, and it services over 80 million customers across the world. The

Verizon has a strong integration of communication solutions and expand to all major cities of the US and Europe. Vodafone carries 45% ownership of the company and this builds the entire brand a whole moreover, the company has well-targeted and defined objectives and goals. The weak aspects of Verizon in include their profitability margins seem to cap at 4%, which isn’t of benefit as the financial debt for the long-term, is about $39 billion. In comparison to competitors, there is a lower global presence which is counter productive due to the fact Verizon has had strong focus on the US and Europe.

Verizon focuses on customer service and customer value while driving their future growth. Verizon is not just another wireless provider they are also offer business solutions via their wireline business. Wireline handles Small Business, Medium & Enterprise, and Government customers. This side serves as providers from your neighborhood restaurant to IBM to the federal government. These services include managed security, television, voice and data, internet, and cloud services resulting in over $16 billion in revenue in 2015 ("Verizon Annual Report Downloads 2015," 2016).

Verizon is a part of an industry that is in a state of consistent change. Some of the key initiatives for Verizon to be successful are adapting to the constant changing market, as well as creating innovative products to stay at the forefront of the telecommunications industry. As well as being a leader in the industry, Verizon is focused on creating a loyal customer base. It does so by implementing a "Better Matters" mindset. Verizon also puts an emphasis on growth and sustainability, and how important it is to sustain growth year after year. In 2015, Verizon saw shifts in the industry, as well as demographics and technology advances. The world has been transitioning each year into more of a digital world where everything