Swot Analysis Of Verizon

In business, market structure plays an important role, which helps to shape the competitive landscape for businesses at all levels. Each business industry will naturally form a market structure that comes in numerous forms: Perfect competition, monopolistic competition, oligopoly, or monopoly. Verizon Wireless is a well-known communications company and large enough to affect the market. Oligopoly is defined as a market in which only a few firms dominate, and judging from Verizon competition there are only a few firms involve: T-Mobile, AT&T and Sprint. With only few competitors involve the barrier to entry is high, but there still lies a large pool of customers. The barriers are high because of the amount of money that has to into the infrastructure

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.

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The two companies are locked in a market share grudge match. This almost dead heat competition can leave the door for the smaller competitors like T-Mobile and Sprint to come in with small possible innovation to unseat Verizon. Also government regulations and rulings have impacted Verizon’s growth. Earlier this year the FCC rejected Verizon’s merger with T-Mobile (Kirby, 2012).

Verizon started out as Bell Atlantic which you could classify as a Stage 2 organization. When the company formally became Verizon Communications after its purchase of GTE and after the establishment of Verizon Wireless through a joint venture with Vodafone, the company started to transition into stage 3. Verizon’s senior management were focused on increasing their network of coverage, which was their distinctive capability, so they could have an advantage over their competitors. Now, Verizon needed to find ways to improve their network and with all of the data that was provided to them from their customers they were able to use analytics to further improve themselves and stay competitive. I believe Verizon’s current status is in stage 4.

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

I never deal with Verizon but heard that they had great plan but you know what Tineca? some find it difficult to be on plan with cricket, sprint, T-Mobile. I use to have my phone with at&t Well, it's g to more expensive. and I notice how my plan generally necessitates buying your phones off-contract if you want to stay on the gigabyte gravy train I couldn't afford this plan. so in other word think it best to just!!!!!!!!!!!!!!

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.

Technology is progressing every day which results in the constant creation of new products and services which can act as substitutes for Verizon’s business. Customers expect industry leading service from their service providers (10K). Buyers have a lot of bargaining power in the wireless telecommunication industry as they are able to easily switch service providers. Verizon must constantly adapt and make an effort to “predict the future” in order to remain an industry leader so their products cannot be substituted for and they are able to retain and gain customers. Verizon’s strengths lie in in their technology and innovation initiatives.

There is a significant opportunity for mergers and acquisitions (M&A), and based on some substantive announcements in 2016, the year 2017 is likely to be another year for some big deals and partnerships. These deals sometimes come under hurdles and roadblocks from various issues. One of the most important pieces of this equation to help propel some deals to lift off is the prospect of fewer regulation from government agencies. Though the specifics of the new government administration are not yet fully determined, early indications are that “anything” is fair game for reevaluation for the businessman (Deloitte, 2017). The U.S. society has got to a point of saturation where anyone who wants a cell phone can obtain one. Verizon looks to buy Yahoo, but what makes this deal more meaningful because it makes Verizon’s post-saturation growth strategy clear (Segan, 2016). If Verizon as a company do not seek to develop new businesses, then the wireless carriers will only be able to raise profit through competing with each other for the same customers. Cable companies have reach to this point so merging a raising prices is the only option. However, the US government, at least previously under the Obama administration, for now, made it clear that the four major wireless carriers cannot merge (Segan, 2016). This calls for more creativity from

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in wireless services ahead of AT&T. Verizon can attribute its success to operating the most reliable

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

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 supports a program to educate their executives and create a successful training program to attain their strategic business goals and business unit/functional-specific initiatives (Kinicki & Williams, 2013). This training program contributed to reaching their key business goals. These business goals are “to build a business and workforce as good as its networks, to lead in shareholder value creation, and to be recognized as an iconic technology company” (Kinicki & Williams, 2013, p. 257).