Problem Solution ? Global Communications Corporation
Thomas D'Amore
MMPBL 500
Ken Edick
23 Feb 2007
Problem Solution: Global Communications Corporation
Problems or challenges are an inevitable part of any business environment. Many business organizations have to make critical decisions on a routine or daily basis and most of these decisions are essential to their operations and may have a huge impact on their company's financial health. To effectively handle these problems, businesses have to adopt problem-solving models to assist them in identifying the problems, the available alternatives, assist in the implementation or execution of solutions, and generally serve as a guideline in problem-solving.
Using Global Communications (GC) as the subject of the case study will describe how a strategy was designed and implemented to assist the organization in identifying problems, establishing alternatives, identifying strengths and weaknesses, and selecting the most appropriate course of action. The paper will show how GC has arrived at the most optimal solution or solutions that would address all the organizational problems and attain all its business goals by applying the problem-solving model. Gaining an understanding of the company's background would provide a solid foundation needed in finding a resolution to the problems at hand.
Situation Background
Due to increased competition in the telecommunications industry, Global Communications has been struggling to maintain its market share. In the past three years, the company has seen a significant 50% depreciation in its stock value. In addition to increased competition in the telecommunications industry, the organiz ...