Running head: PROBLEM SOLUTION: GLOBAL COMMUNICATIONS
Problem Solution: Global Communications
Problem Solution: Global Communications
Most industries face risks in the form of other competitors. The survival of an organization is dependent on its ability to stay ahead of the competition with the innovative technology and services. Success means being creative and develop products and service that are in unique to the industry— in this case, telecommunications. The telecommunications is continuously evolving and becoming increasingly competitive. Cable companies now provide customers with the option to combine their services into a bundle package to include satellite television, phone and internet services. Despite Global Communications’ success with stocks trading at $28 per share, the company has not been immune to the competition.
In an effort to revitalize the company’s position in the market, Global Communications’ leaders have decided make changes that will affect its business practices, employees and ultimately, the future of the company. This gap analysis will assess the ethical dilemmas that emerge as leaders announce their plans for reorganization; the effectiveness of how leaders communicate this information to employees and the success factors that will determine the future success of the company.
Situation Analysis
Issue and Opportunity Identification ( See Table 1)
Over the past few years, Global Communications has experienced a depreciation of their stocks by more than 50%, bringing their stock price down from $28 per share, to $11 per share. Global Communications’ survival depends on their ability to generate innovative products and services to their customers, while cutting expe ...