Business Analysis Verizon Wireless - 1152 Words

Business Analysis Lakecia Brown Strayer University Dr. Brian Collins BUS508: Contemporary Business October 25, 2015 Verizon Wireless Prior to the 21st century, most of the world’s communication was done via telephone or through face-to-face interaction. The advancement of the cell phone, the ease of emailing replaced the standard letter writing or silent immediate communication with texting. The instant access of a camera could capture moments never caught before. No longer did individuals in society have to wait until they arrived home to play video games, they could access their favorites through their phones or tablets. With the beginnings of such companies as US Cellular and Sprint, Verizon Wireless researched the models to analyze successes and failures to devise a business concept that would transcend location and time. Verizon Wireless is one company that is dedicated to â€Å"empowering people with revolutionary technology†. Verizon is considered one of the world’s largest cellular phone providers with the highest customer satisfaction rating. The headquarters i s located in Basking Ridge, NJ and Verizon employs over 85,000 individuals around the world. The employees are considered one of the company’s greatest assets where each individual’s talent is valued. Employees hold positions in the fields of sales, customer service, management, technology and network positions. Verizon makes its company very enticing for employees by providing anShow MoreRelatedVerizon: Analysis of the Wireless Business2408 Words   |  10 PagesVerizon is a major telecommunication provider in the United States. The company is the market leader, with $110 billion revenue and $2.4 billion in profit (MSN Moneycentral, 2012). Verizon has steady revenue streams that are largely based on a subscription model. It has several business segments, including wireless (63.3% of revenues) and wireline (36.7%) (2011 Verizon Annual Report). Most of this report will therefore focus on the wireless business, not only because this is the largest businessRead MoreVeri zon Wireless Companys Business Analysis1950 Words   |  8 Pagescorporate mission statement is published in the introduction to the 2010 report, to enable people and businesses to communicate with each other. We are also committed to providing full and open communication with our customers, employees and investors (Verizon, 2011a, p. i.). This conveniently outlines the primary stakeholders, with customers owning the service delivered through contracts they commit to, employees obviously having a stake in compensation, benefits and retirement, and investors includingRead MoreProduct Offering Essay1476 Words   |  6 Pages Product Offering Verizon Communications Incorporated (Verizon) is an international leader in providing broadband and other wire line and wireless communications services to wholesale, mass market, business, and government customers (Verizon, 2011). 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Cook ACC 205: Principles of Accounting I Instructor Thomas Sutton 22 August 2015 Financial Statement Analysis Company Overview Verizon Wireless Communications is a wireless telecommunication company. It was formed in June of 2000 with the merger of Bell Atlantic Corporation and GTE Corporation. It is known as America’s first nationwide 3G wireless broadband network and serves more of the United States population than its competitorsRead MoreComponents Of A Successful Business System1309 Words   |  6 PagesThere is the need to know what a business system is and how to construct useful systems and measures to run a business. A system is a process, technique, or an action intended to accomplish a detailed result.. Establishing a valuable business systems helps attain outcomes that are unfailing, assessable, and eventually do good for customers. Systems and processes are the vital initiative of your company, whether you notice is or not. Every aspect of your business is associated with a system that canRead MoreVerizon Communication Swot Analysis716 Words   |  3 PagesSWOT ANALYSIS INTRODUCTION. A business must analyze their general environment and their industries competitive environment in order for the business to understand their environment. (Dess, Lumpkin, Eisner, McNamara 2014.) This comes by doing a SWOT Analysis which is a basic technique. By doing a SWOT Analysis, the company can identify its strengths and weaknesses which are the internal forces. The analysis also identifies the external forces which are the opportunities and threats in the industry