Gap Analysis: Global Communications
Global Communication was once a leader in the Telecommunication market. Due to added competition and diminishing returns, Global Communications position in the ever changing telecommunication market has fallen. The senor leadership team has put together a new strategy that will help improve profitability, reduce cost, and aid in the overall improvement of the company as a whole to the dismay of the Technologies Workers Union. The Technologies Workers Union does not approve of the decisions that were made, and a problem arose on how the issue will be handled. Does Global Communication continue on with its current plans? or do Global Communication re-evaluate there decision and come up with a different strategy. The Technologies Workers Union is a major stakeholder in the progression of Global Communication, and the overall success that Global Communication may incur.
Situation Analysis
Global Communication is under tremendous pressure in the telecommunications market. Three years ago its stock traded at $28 per share, and now today it is valued at only $11 per share, which is a 50% depreciation. To make matters worse, the competition in the telecommunications market has increased tremendously. Cable companies put a huge strain on the telecommunications market by providing complete solutions encompassing computers, televisions, and plain old telephone service. To continue to compete in the ever changing telecommunication market, Global Communication senior leadership team developed a strategy to improve profit and cut down on cost. First, the senior leadership team negotiated with each other to come up with ideas that would benefit the company in a short span of time, due to the strain of the stockholders and the diminishi ...