1. Internal Performance a. Mission Statement iHeartMedia’s is a provider of media and entertainment service through broadcast and digital delivery. The company also offers national syndication and outdoor advertising services. The company primarily operates in the US and has its presence across Europe, Latin American, Canada and Asia. (MarketLine) iHeartMedia’s mission statement is innovate and authentic, surrounding their company with “growing and evolving, reflecting new technologies and new customer behaviors and tastes. Their goal is to be everywhere their consumer are, and everywhere their partners and advertisers expect them to be, with products and service they want. (iHeartMedia Code of Conduct). IHeartMedia’s values works a tremendous role in the company which each individual feel identifies with it. Their values are honesty, respect, collaboration, curiosity and urgency. …show more content…
Stakeholders, Bankruptcy, Stock Performance i. iHeartMedia operates through three segments: iHeartMedia, Clear Channel Outdoor Advertising and International Outdoor Advertising. Also, has a few subsidiaries business such as Premiere Networks, Katz Media Group, Total Traffic & Weather Network, RCS, Inside Radio and Critical Mass Media. As a big company, they have many stakeholders. ii. iHeartMedia has filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Sothern District of Texas, their plan is to restructure part of the $20 billion debt. They already reached an agreement in principle with holders to restructure dent and further enhance position as America’s #1 Audio Company. (iHeartMedia) iii. iHeartMedia stock performance has been reducing every day over the last past months. They are currently selling at $0.351 per share (Ameritrade), their higher record per share was $9.30 occurred in 09/26/2014. The financial situation that the company is going through is affecting their stock performance. (See Appendix C) 2. Industry
In this life it is essential to base your work around your beliefs and to feel passionate about what you do. Then spreading your passion for your work onto others is how you grow as an individual and as a company. Which is what I felt after reading the #1 core value.
Stakeholders include anyone who reads the ad, any employee from Damon Investment Company, Damon’s competitors, and current and future customers or shareholders of Damon.
New York: W.W. Norton and Company, 2013. 1098-1127. Print.
Perhaps no other company has benefited more from this deregulation than the company which is the focus of this essay – Clear Channel Communications, Inc (CC). The Telecommunications Act and the actions of the FCC paved the way for the rise of this radio industry behemoth. In 1995, the company owned 43 radio stations nationwide. By 2002, it owned 1,239, making it the largest radio company in th...
middle of paper ... ... Ed. Barbara C. Bigelow, Ph.D. Gale Cengage, 2006. eNotes.com.
"A value determines what a person thinks he ought to do, which may or may not be the same as he wants to do, or what is in his interest to, or what in fact he actually does. Values in this sense give rise to general standards and ideal by which we judge our own and others conduct; they also give rise to specific obligations” (CCETSW,
Today two of the top broadcasting companies are Clear Channel Communications, Inc. and Infinity Broadcasting Company. Clear Channel’s history begins in 1972 with the birth of the San Antonio Broadcasting Company. Three years later, the first “Clear Channel” radio station, WOAI-AM, was acquired – it had its own nationwide frequency. In the late 1980s, the Company entered the television business and acquired half a dozen television stations. In 1994 it became listed as Clear Channel Communications, Inc Common Stock and owned 43 radio stations and 16 television stations in 32 markets.
Satellite radio is a technology that provides a radically new way to listen to radio. XM’s service makes use of advanced satellite capabilities and elaborates terrestrial receiver architecture to deliver a wide array of high quality radio programming nationwide. In early 1998, Robert Acker, director of strategic planning at XM, needs to develop a marketing strategy for this new radio service. There are several decisions that need to be made by the company in order to finalize the business plan. At fist XM needs to decide which of two business models to pursue, whether emphasis should be placed on charging customers a monthly subscription fee, or whether to rely more on earning revenue through advertising. In addressing this problem, management must consider the value that XM radio could propose for different consumer segments as compared with existing modes of radio (AM, FM) and in relation to its sole competitor in satellite radio – SIRIUS. Besides choosing a business model there is also a need to explore how best to approach and leverage manufacturer and channel partners, considering high unknown and high-risk technology. The purpose of this report is to analyze possibilities and outline possible recommendation on strategies for XM Radio. The following areas will be examined:
Establishing and implementing a strategic approach to improving organizational ethics is based on establishing, communicating, and monitoring ethical values and legal requirements that characterize the firm's history, culture, and operating environment” (p. 129). Ethics programs ensure satisfactory relationships with all stakeholders by aligning with all of their demands and needs, and determine conduct with customers and relationships with regulators, shareholders, suppliers, and employees (Ferrell, 2004). Values are a core set of beliefs and principles, one or many. A number of factors contribute to the development of values. These include membership in a community or culture, attitudes, beliefs, and behaviors.
These values transcend the original ones from other organizations and ultimately represent more than that. For example, a warrior spirit represents the area where Southwest Airlines provides the tools for employees to better serve their customers. A servant heart implies that one is encouraged to treat each other with respect by showing concern for the customer. Lastly, a fun-loving attitude suggests that employees should have fun at work. Value is a strong concept created to guide or direct individuals behavior towards a desired or favorable outcome.
Firstly, I will begin by identifying my core values. These values can be put into two separate groups. Firstly, there are instrumental values: courageousness, intellectualism, and helpfulness. When considering the myriad of ideals, many others were eliminated
Values remind me of ethics and morals, necessary in any walk of life and imperative in the work place. These concepts are guidelines in which employees need to follow to be successful. “Values represent basic convictions that a specific mode of conduct or end-state of existence is personally or socially preferable to an opposite or converse mode of conduct or end-state of existence.” (Robbins, 136) Integrity, courage, service, wisdom, respect and goal setting are a few of the values that are most crucial to me and what I hope to achieve within any work place setting. Values should be lived every day in the work place and should exemplify the
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....