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Problem Solution: Global Communications
Being number one and staying number one in the corporate world is an extremely difficult task. Often times it means initial losses and even failure, but through hard work, perseverance, and dedication the expectation is to quickly net a greater profit than the original investment. Executive management is often placed in situations where they must make quick and often drastic decisions that can change everything within the company. Some companies such as XM Satellite Radio and Sirius Radio have chosen to merge together to cut competition and overhead costs. "Collectively, they have got a customer base of about 14 million people" (XM and Sirius?". 2007). There are also other companies that have chosen the O word, outsourcing, as an alternative to cutting costs and increasing productivity.
The overall outcome of outsourcing has had both positive and negative outcomes. Aside from cutting costs and increasing productivity, it definitely has its pros and cons for the company, the company's customers, and the employees abroad. "Companies are not launching large scale operations abroad, but instead want to expand their global presence" (Mehring, 2007, p.26) In this paper the writer will discuss how Global Communications, a telecommunications company, wishes to expand their global presence, while increasing profitability by utilizing the foreign resources. It will further identify the company's plan of outsourcing, as well as other issues that have come into play due to their decision. It will also outline the potential solutions, as well as risks associated with the solutions and how to implement them more effectively.
Situation Analysis
Issue and Opportunity Ident ...