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Challenges of global communication
Challenges of global communication
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Gap Analysis: Global Communications
Global Communications is looking to maximize profits and reduce cost by marketing itself on an international level and becoming a global resource. The company and other telecommunications companies are under tremendous economic pressure. The company must determine future end-state goals while making critical changes to the company and possibly the loss of dedicated and skilled employees.
The situation with Global Communications is that the company is looking to realize growth. "An effective outsourcing plan helps teams build better products more rapidly and at a lower cost than those manufactured in-house (Kren, 2006)". The senior team members have decided that in order to keep up with the industry, the company must go globally. The company plans to locate to Ireland and India. In order for the company to go globally, the company has to downsize. Global Communications' union is very unhappy with this decision.
Situation Analysis
Issues and Opportunity Identification
There are several challenges that exist for Global Communications. In the last three years, Global Communications' stock value has depreciated from $28 per share to $11 per share, which is more than 50% a share.
General Mills Inc. is a worldwide producer of packaged consumer foods. The company produces their products in 16 countries and sells them in over 100 countries (www.generalmills.com). It is headquartered in Minneapolis, Minnesota and employed about 41,000 employees as of May 26, 2013. The company recorded revenues of $17,774.1 million in the financial year ended May 2013 (FY2013), an increase of 6.7% over FY2012. The operating profit of the company was $2,851.8 million in FY2013, an increase of 11.3% over FY2012. Its net profit was $1,855.2 million in FY2013, an increase of 18.4% over FY2012 (www.generalmills).
...g changes between October 18th and November 22nd, with $39.24 and $39.87 respectively. The Coca-Cola Company's performance comparative to the industry and to its main opponent PepsiCo has been weak and the future seems trends will remain the same. After lower hopes for the future and a reduction in incomes due to procedure costs and weak sales the company is increasing their asset in the invention research and advertising. The Wall Street Journal reported that the average reply of investment specialists is that "holding" the stock is the best choice for an investor. At this point, as traditional stockholders, Due to the jump in price from $39.24 to $40.39 you would have earned 2.47% on your speculation. In end, the Coca-Cola Co. is a gainful investment. Dependent on the type of depositor, decisions made will control your return on your share with the Coca-Cola Co.
Gary Winnick founded Global Crossing in 1997, observing the surge in telecommunications of the 1990’s and utilising it to construct the largest fibre optic network in the world for the purposes of transmission of voice, text, video and other data between 27 countries. The Company went public in 1997, with Winnick maintaining hold of 27% of stock in the company valued at $1.4 billion, and a year later held a market value of £38 billion surpassing Ford Motors. Winnick employed the services of Salomon Smith Barney, who employed an analyst with unprecedented level sof influence of the telecoms industry, Jack Grubman. After a year of low revenues and lackluster of cash flow, Winnick sought to emulate WorldCom with its acquisition based business model. Hiring former AT&T executive Robert Annunziata as a new to lend credence to his company’s respectability he entered into negotiations to purchase long distance provider Frontier for $11.2 billion, followed in the next quarter by the announcement of a deal of $37 billion to buy US West which ultimately fell through after losing out to Qwest. The acquisitions were meant to provide cash flow and raise the awareness and respectability of Global Crossing, allowing Winnick’s stake in Global crossing to grow in excess of $4.5 billion. In 1999 Winnick abandoned his previous plan to raise capital for the company piecemeal and moved to fund the fibre network at once utilising junk bond sales set up by Jimmy Lee of JP Morgan Chase. Winnick not only benefitted as a shareholder, but also banked fees through his holding company and its subsidiaries for example 2% of the gross revenues of Global Crossing was paid in return for a long term consultancy deal with PCG Telecoms a subsidiary of Winnick’s Paci...
There are many companies are going into global because of world economic. People are always rebating about the relationship between the negotiators come from different culture when they are in the process of negotiation. Many people might think that problem occurs when both parties are dissatisfied with the offer price.
The 3 tables in the paper are shown to describe briefly the opportunities and to outline the goals to go forward. In the conclusion, I will recap all opportunities and the goals to go forward for the company Global Communications.
Space is crucial when it comes to communicating, the space that you are surrounded by will shape all aspects of the communicating you do. Space is always communicating meaning and from the spaces I observed on campus and in the Student Center I drew meaning from them which allowed me to understand what each space is communicating and what see how each space encouraged or hindered communication. In this paper I will explain my critiques as well as my approval of the quad on campus and the Student Center, I also will give students opinions how the Student Center succeeds or fails in encouraging communication and lastly give my ideas of how space in the quad as well as the Student Center can be improved to encourage a greater level of communication.
Effective competition is widely seen as a key to the development of telecommunications services. The ability of new telecommunications networks to interconnect fairly and efficiently with existing networks is critical to the development of competition. AT&T has undergone numerous changes since its inception in the late 19th century. The McKinsey 7 S framework as applied by Pascale is recommended to manage the changes they are facing to adopt a greater competitive presence in the global economy. In conjunction with this framework, numerous other models were applied to analyse the global competitive position of AT&T. Recommendations for a revised strategy and direction for AT&T have been made throughout this document including two scenarios of how the telecommunications industry might develop towards 2000, while outlining the impact on AT&T.
Communication is the key to having a successful business. A company must be able communicate the overall plan and future goals to their employees so the employees can support the organizations goals. Global Communication's first issue was the lack of communication to the union about their need to enter international markets for the company to expand. The second issue was also a lack of communication to the union about their plans to outsource the technical call center to India and Ireland, which would in turn affect the employee's job status. They should have contacted the union president and furnished their goals to them before moving forward. This would have opened up the communication process and not left the union workers in the dark.
Globalization can not only affect a company opening an office in another country but it can affect a small local business as well. As the internet brings the world closer together it becomes far more likely that a business that opened with no intention of selling internationally will have customers form different parts of the world asking for their product. For instance a steel company located in Pennsylvania may suddenly find orders coming in from South American factories. How the steel plant chooses to handle this new international customer could mean ...
The events that led to the changes Global Communications are making came about with the shift in technology and the competition within the telecommunications industry. With companies able to compete globally, there is too much competition within the industry from other telecommunications companies as well as cable companies who can offer all the same services. With increased companies offering a wide range of services, Global is forced to cut costs in order to compete effectively and increase profitability. To this end, Global Communications senior management has come up with an approach to outsource some of their call centers to India and Ireland and expand new services to small business and consumer customers. Global also joined with a satellite provider to offer video services and a satellite version of broadband. This will mean job cuts and a reduction in salary for employees who remain and are relocated. The plan was accepted quickly and now management is under the gun to communicate the changes effectively to the employees without risking a morale problem that could affect productivity. Also, since the employees belong to a trade union and the union was not involved in the process of negotiating these changes, Global has to consider the legal and public relation implications of not fulfilling their contractual obligation to the trade union.
Global strategy- Organisations that adopt a global strategy are focused on maintaining a low cost. The product developed by such organisations is standardised and hence lowers the operational cost. Marketing and production for these organisations will be handled by locations where the cost of operations is low (wages, rent) and the output (efficiency of employees, volumes produced) is high. The responsibility for the global strategy lies with the headquarters and the subsidiaries possess no power. Such a strategy is recommended where the pressure to reduce cost is high and local responsiveness is low (Iwan,
We intend to exploit our leadership role by continuing to target and enter segments of the communications market that we believe will experience rapid growth or grow faster than the industry as a whole....
The idea of having an organization going global and adapting worldwide information techniques may be very challenging, yet it may be accomplished. A firm should go global since our society is creating customers who are working towards demanding combined worldwide services. Going internationally allows other nations to help each other in creating a higher standard quality product since each homeland has its own special well-known resource other countries may not have. With the global information system, nations across the world are able to communicate with each other and incorporate all technologies and applications discovered from one specific area and transmit the data across cultural and geographic boundaries.
University of Memphis, . (1990).Communications networks for managing global operations. (global business). Retrieved from http://www.entrepreneur.com/tradejournals/article/9267862.html
With the globalization of a product, a company might benefit in many ways. First, by sifting its production or services overseas, the company can reduce its overall production costs due to availability of low-cost labor. Second, working collectively with other companies overseas allows companies to access technical knowledge or resources that are either unavailable or are too expensive at home.