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Running head: PROBLEM SOLUTION: GLOBAL COMMUNICATIONS
Problem Solution: Global Communications
Mohammed Vasquez-Melgar
University of Phoenix
Problem Solution: Global Communications
Global Communications’ senior management has developed a new strategic plan to help the company realize growth, increase profitability and become a global source in a very competitive market. Global Communication is a telecommunications company who is currently experiencing diminishing revenue and profits. Over a three year period, the company’s stock dropped from $28 per/share to $11 per/share.
The industries in telecommunications are constantly growing and this competition is placing Global Communication (GC) under tremendous pressure. The primary problem the company faced was too much competition from other telecommunications companies. With this in mind, the company decided to introduce new services through the company and identify cost-cutting measures to increase revenue and profitability.
The company continues to lose ground and the stockholders have seen 50% depreciation in their stock value down from three years ago. The stockholders have become concerned about the company’s ability to regain their momentum. The company realizes their survival depends on their ability to determine future end-state goals while making critical changes to the company and possibility of losing dedicated and skilled employees due to plans for outsourcing technical jobs. Global Communications desires to maximize their profits and reduce cost by marketing itself on an international level and being recognized as a global resource. The competition is forcing GC to change their strategy and impr ...