Problem Solution: Global Communications
Global Communication has been trying to pull themselves out of a financial rut over a couple of years. With joint effort with the union they were able to survive for a couple of years. But the changes that they made in the past have not yield positive results. With recent development of falling stock prices, and stakeholder concern over financial future of the company, Global is rethinking their position, and fit in the communication market. Stiff competition from other high tech communications company began to plague Global performance in the market. Despite recent efforts to rejuvenate the company profit margin, they still log behind in technology. Global faces deficiencies in their technology department and the way they market their services and this impedes the firm effective performance.
Global came up with new strategic measures that would enable the company to be on the road to financial freedom. New innovation, new market strategies, globalization and cost cutting by outsourcing call centers are some of the strategies. Implementing some of these measures will surely go against the philosophy of the company. Many people will loose their jobs and others will face drastic reduction in their salaries. This revitalization of the company can have drying consequences from the stand point on how the company is view by the external sources.
As mentioned, Global is faced with stiff competition and financial woes that began to affect their stock prices. Global have the opportunity to rebound from this falling profits and to be a success in their industry. Sometimes managers are most likely to pursue objectives that are consistent with their preferences, sometimes these objectives are frequently not designed t ...