Background Ivan Seidenberg has been in a key leadership role at Verizon since 2000 (Anonymous, 2011). While in his leadership role, Ivan Seidenberg has led Verizon into a global network and Verizon has built out their network into a nationwide industry (Anonymous, 2011). Ivan Seidenberg is sixty three years old and has a bachelor’s degree in math and a master’s degree in business administration (Anonymous, 2011). Prior to working with Verizon, Ivan Seidenberg was a chairman and chief executive officer of NYNEX and Bell Atlantic (“2010 Fortune 500”, n.d.). Ivan Seidenberg created Verizon by combining Bell, NYNEX, GTE, and MCI. He also created Verizon Wireless by combining Bell Atlantic, GTE, and Vodafone Air Touch (Anonymous, …show more content…
DiversityInc began their list in 2001. The review of diverse companies is subjective and only applies to those companies that participate in their survey. Verizon has attempted to distinguish themselves from other companies by being an inclusive company that supports their employees, and expects tolerance of differences. Verizon’s successful culture and business model is attributed to the top down leadership style that Ivan Seidenberg has enforced at the organization. Philosophy Ivan Seidenberg has created an organizational philosophy of; what we do makes a difference (“Corporate responsibility”, n.d.). Ivan Seidenberg believes his organization should use technical, financial, and intellectual resources to make a difference in communities (“Corporate responsibility”, n.d.). The current organizational philosophy is to expand their accessibility, and deploy faster and better broadband connectivity in our communities. Ivan Seidenberg has created a philosophy at Verizon that technology and innovation will transform communities, and even individuals (“Corporate responsibility”, n.d.). Strategies The strategy that Verizon has used is very simple and basic. They believe that investing will create opportunity. Investing not only in capital product, broadband, and secure fiber, but also investing in the employees. Verizon has a diverse employee base, low turnover, and excellent
Through expansion, technological improvements and more investment leading to continuous network and product upgrade, should lead Verizon to better compete in international services. With emerging competition from countries like China, it is a matter of survival to act or not.
Verizon Wireless is a big time cell phone company, in which for years now has been widely regarded as the top of competition which include companies such as at&t, sprint, and T-Mobile. While there are many other companies these are seen as the tops of competition in regards to others so to speak. verizon in many of its commercials use a variety of rhetorical tactics to persuade you to believe they are truly the best in service. These tactics include providing coverage maps, using colorful balls in which compare between the four companies, and using written text stating facts about their coverage and overall service. While verizon may be the top in service all around I do believe some things are a little stretched.
In order to identify Verizon's core competencies, a SWOT and Five Forces analysis was performed. The SWOT analysis showed internal strengths in technology diversification, a large and talented employee resource pool, and an expansive network footprint. Internal weaknesses were revealed that centered on post merger issues such as corporate culture issues, impending workforce retirements, and a lack of systems or process consolidation. External opportunities include the potential to further capitalize on incumbent status, diverse markets, long distance, and brand identity. Finally, external threats include government regulation, substitution, and a weak economy.
The mergers that formed Verizon were among the largest in U.S. business history, culminating in a definitive merger agreement, dated July 27, 1998, between Bell Atlantic, based in New York City, and GTE, which was in the process of moving its headquarters from Stamford, Conn., to Irving, Texas.
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 and sprint are both on different path with Verizon firmly establishing itself as the king of the air waves and sprint on the verge of financial chaos. Their relationship with their employee come with a surprise as Verizon posted one of the largest strike in in this decade when 40,000 employee walk off their job and started a very controversial strike which has been waited in by many on the cause and outcome. To say the least this, show there are issues to be dealt with it employee relationship. Investor can will also see this as a sign that there is a possibility for customer service issues to arise. Verizon is very capable of shouldering a very huge financial load but the recent event of the strike could cause many potential future
Diversity has become a major part of society in the past decade and organizations have continued to adapt to our changing world. One way that organizations provide support for human and world differences is by creating a diversity mission statements that support the company’s actions. Diversity mission statements for corporations compared to non-profit organizations are more similar than I expected since. Verizon Wireless is the corporation I chose to research due to their current market share and success of the company. Verizon (2017) stated in their diversity statement how important and vital their employee differences have contributed to their success. According to Verizon (2017), 59% is their current workforce diversity and over half of
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.
As corporations and businesses evolve, they must adapt to the changing landscape of societal, environmental, and corporate-success needs. To achieve such responsibility, Verizon Communications Inc. has, and continues to, meticulously plant its feet into the web of the triple-bottom line. While maintaining their credo which is “a blueprint that directs us to live up to the highest standards when serving our customers, shareowners, communities, and each other”, Verizon aligns their overall goal to “design, build, and operate global networks, information systems and mobile technologies that connect people, grow businesses and economies, and improve communities” (Verizon.com). The
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.
The obligation of Verizon is supporting tomorrow's specialists and creators. They trust that each youngster merits an opportunity to breathe life into his or her thoughts. Verizon brings innovation and hands-on learning openings straightforwardly to children who require it most. They will probably move tomorrow's makers to utilize innovation to construct brighter prospects for
The company ranks among the top position at training its employees since 2012. It is also ranked among the top telecommunication companies in America. This paper will look at how Verizon’s organisation structure and culture play a role in making sure they remain top of the telecommunication industry and attain their main goal to focus on shareholder value (Sbeit, 2008).
The way in which an organization tackles diversity determines its negative or positive outcome. All the 5 companies agreed that diversity has contributed to their success. Some barriers were identified in managing diversity like the difficulties faced by women in managing the work and family, fear of discrimination, resistance to change, diversity is not seen as an organizational priority, resistance to change and unsupportive working environment for diverse employees. Diversity contributes to more productivity but if not properly managed could hinder success.
Diversity brings the company benefits which have been recorded extensively: the company reports that workforce diversity enhances team performance at all levels and positively impacts on customer’s success. Diversity also reportedly also enhances Ericsson’s ability to win new business and improve service excellence. Diversity management improves their corporate and employer image, and increases the attractiveness of the company among present and future stakeholders and also enables them attract and retain best candidates as employees. Ericsson shows strong commitment to diversity in all areas. Ericsson is guided by its core values of professionalism, respect and perseverance which define how they work together, and treat customers and partners. The company’s success is dependent on its diverse and engaged workforce, and Ericsson is committed to supporting its people.
The company was also embraces diversity, and they show this by hiring corporate officers that represent various