Verizon 's Organization Structure And Culture

For Verizon to compete with the other top contenders they must focus on advertise and marketing their services and “new” products to survive in an Oligopoly industry. Most consumers who buy from an oligopoly firms relate through media, TV, radio, magazines and billboards. Some of the oligopoly challenges could be pricing problems, this is what is called a kinked demand curve.

The Verizon Wireless brand remains successful despite increasing competition in the telecommunications industry. After breaking away from Bell Atlantic (AT&T) in 2000, Verizon made advancements toward connection speed and coverage. Verizon was the first to employ 3G network in 2002, and repeated again in 2010 when it introduced 4G LTE. Since 2000, Verizon has spent over $80 billion in technology innovation which allows it to provide top coverage amongst competitors and develop its network (About Verizon Wireless).

An international communications technology company. The company was formerly known as Bell Atlantic Corporation and changed its name in June 2000. Operational in approximately 150 countries, and employs roughly 178,000 people. A fortune 500 company with hundreds of data centers, Verizon has 1,700 retail locations worldwide. In 2014, they attained Vodafone’s 45 percent interest in Verizon Wireless for $130 billion, turning them into a solely-owned entity. Their main competitors are AT&T and T-Mobile. Global industry revenues in 2016 reached $1.05 trillion, a figure that is projected to grow to $1.14 trillion by 2020, according to GSMA Intelligence.

With having business goals of building a business and its workforce to be as good as its already outstanding network is, being able to lead in shareholder value creation, and wanting recognition as being an iconic technology company, Verizon is sitting itself up for greatness about Shareholder Value (Kinicki & Wiliiams, 2013). Verizon developed a program called Leading for Shareholder Values. Within this program, they chose Senior Leaders to be placed in scenarios to where they have to identify obstacles that do not allow Verizon to reach their full potential. By doing this, senior leaders became more aware of everyday issues and how to overcome them.

Using the competing values framework as a guide, Verizon is a market culture. A market culture is goal oriented, competitive, and driven by results. These are all attributes that the Verizon culture possesses.

Verizon Communications, Inc. (NYSE: VZ), is the second largest wireless cellular provider in the United States, following AT&T, Inc. (NYSE: T), and ahead of Sprint Corporation (NYSE: S), and T-Mobile US, Inc. (NYSE: TMUS) (Media and communications: Corporations, 2014). Verizon also provides cable television and landline telephone services in certain areas of the country. Earlier this year Verizon bought out its partner in Verizon Wireless, Vodafone Group plc (Nasdaq: VOD) (Verizon Communications Inc., 2014a, p. 6). Verizon ranks third among world telecommunications companies, behind AT&T, Inc. (NYSE: T) and Japan’s Nippon Telegraph & Telephone Corporation (NYSE: NTT). While Verizon provides cellular and home (wireline) phone service, and

Verizon Communications Inc., headquarters is in the state of New York; however they were incorporated in Delaware. As of today, Verizon Communications Inc. operates as a holding company, which provides broadband and other wireless and wireline communications services to consumer, business, and government and wholesale customers (http://www.forbes.com/companies/verizon-communications/). Verizon Communications Inc. was formed on June 30, 2000, evolved from

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,

Leadership is the main focus of Verizon in all the aspects of the company. They are always looking to lead the way of the future with both their products and the technologies that they are currently using and developing. When looking at a cultural stand point this is no different. Verizon wants to be the leaders in this as well. They have spent a lot of time and money in

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 an international for-profit corporation, publicly traded (NYSE: VZ) in the telecommunication sector providing both products and services while maintaining its devotion to effective decision-making and accountability. Verizon’s commitment is putting its customers first, providing products and services that produce the best experience possible (Verizon, 2016-A). Verizon credo shows commitment to being a good neighbor and providing its ingenuity in technology to advance the working world as a better place (Verizon, 2016-B). They have a culture of supporting their communities through the relationships of its employees’ contribution in time and donations to non-profits and other community outreach programs (Verizon, 2016-B).

For 15 years and counting, Verizon has grown to be one of the largest communication technology companies, and has

Verizon Communications INC. (NYSE, NASDAQ: VZ), is headquartered in New York. Verizon has two segments to which the company operates, Verizon Wireless and Wireline. The products offered through Verizon include wireless voice and data services, equipment sales, voice, internet access, broadband video and data (retrieved from http//www.reuters.com). The company provides services to the government, business, and consumer customers around the United States. A United States based Telecommunications Company that includes broadband, and is the leading telecommunications company in the industry. Verizon has grown through acquisitions and partnerships; however the company has also grown with the advancement of technology. Verizon also offers advanced fiber-optic network and integrated business solutions. At the end of

Telecommunications has evolved from an easy technique of voice communication to one of the most significant means that our humanity uses to connect. Consequently, cell phones and wireless gadgets have come to replace and dominate the realm of technology. One of such companies heading and leading towards that direction Verizon. Verizon is headquartered in New York and employs over 235,000 people who operate in Verizon wireless, wire line and Verizon business. Verizon 's primary aim or objective is to transform communications by steering in a new age in wire line and wireless broadband connectivity. They are changing the lives of its customers by providing them with best possible communications experience at home, work or on-the-go as far as their networks, products and services are concerned. Verizon 's tactical business investments have given birth to the nation 's most dependable wireless voice network, established innovative mobile products and produced over 45 million devoted customers.

Organization structure is a system of frame work which clearly defines roles and responsibilities of each job for attaining organization goals with smooth workflow. It gives clear guidelines to employees and also binds them together. The organization structure plays an important role in organization’s development, it may vary or