Problem Solution: Global Communications
Global communications is a large telecommunications company that is underperforming as a business and failed to embrace new technology and establish effective internal open lines of effective communications and negotiations among its employees. Global communications needs to establish standard operational procedures (SOP). Develop a strategic game plan using S.M.A.R.T. business measures and perform cost/benefit analysis with the information acquired from all employees who have help to create buy in. Global Communications must align themselves with external strategic partners with synergy that will benefit both companies. When successful Global communications will have achieved desired end state results. In addition I will also discuss bench marking with Delta Airlines/Song and Novalux. Novalux and Delta/Song were companies that were also on the brink of disaster and found creative ways to re-invent themselves. They used similar bench marking techniques with other companies and developed a win or lose game plan. Although not always successful its necessary to formulate some type of plan.
Situation Analysis
Issue and Opportunity Identification
Global Communications is a faltering communications/telecommunications company that has been slow to embrace change, develop new technologies through R and D and adapt to newer standards of communication technology. Global communications became complacent and as a result competition in the industry has rapidly caught up to them. As result the company stock price has fallen 50% in value. They are in a scramble to solve their current crises.
Like many Internet companies that fell by the way side in and around 2000. Global Communication failed to recognize the emergence of ...