...Karen- Kimberly-Clark Case Study In 1872 four business men, John Kimberly, Havilah Babcock, Charles Clark and Frank Shattuck created a company called Kimberly, Clark and Company which initially sold manufactured paper goods. They would eventually branch out into personal care items in order to compete in a larger market with companies like Proctor and Gamble. In 1978, Kimberly-Clark introduced Huggies disposable diapers and were an instant success. In the mid 1990’s Kimberly-Clark merged with Scott Paper and found them in an unusual predicament, the merger did not go well, the integration of Scott and Kimberly-Clark was a rocky one that would lead to dissatisfaction on the part of most Scott employees and especially Scott’s senior management.[1] In 2002, Proctor and Gamble released a line of high end Pampers disposable diapers that not only was a substitute for Huggies, but also captured a large portion of Huggies market share. Around 2003, Kimberly-Clark decided to restructure the way that the company focused on business products. They chose to use a system of “grow, sustain and fix”, which split all products in to areas that needed growth, needed to sustain market share or items that needed to be reformulated. This system was a total failure and caused the company to take several steps back in market share in most of their areas.[2] Had Kimberly-Clark gone for a more product related divisional structure, it is possible that they would not have lost so much of its...
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...Reporting Paper Name Team A ACC/ 290 Date Financial Reporting Problem Verizon Communications Incorporated is a multi-billion dollar company. In 2010, the net income for Verizon Communications Inc. and its subsidiaries was over $10 billion (Verizon, 2011). Verizon Communications Inc., like many reputable businesses, makes their financial statements publically available. Although the order of the information is stated as only a suggestion, many companies choose to list their assets in the order listed in the FASAB handbook to keep consistency and to ensure they report all required information. It is the case with Verizon Communications Inc. Verizon Communications Inc. lists its assets in many categories. According to the balance sheet listed on the Verizon Communications Inc. 2010 Annual Report (Verizon, 2011), the assets for Verizon Communications Inc. are classified in the following categories: Current Assets, Plant, property and equipment, Investments in unconsolidated businesses, Wireless licenses, Goodwill, Other intangible assets (net), and Other assets. The order listed by Verizon Communication Inc. is consistent with the Federal accounting Standards Advisory Board Cash Equivalents Verizon registers its assets in the proper order under their current assets. First, on the list are its cash and cash equivalents, which is anything that can immediately turn into cash. Some examples of cash and cash equivalents are money, paper checks, money...
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...Reporting Paper Name Team A ACC/ 290 Date Financial Reporting Problem Verizon Communications Incorporated is a multi-billion dollar company. In 2010, the net income for Verizon Communications Inc. and its subsidiaries was over $10 billion (Verizon, 2011). Verizon Communications Inc., like many reputable businesses, makes their financial statements publically available. Although the order of the information is stated as only a suggestion, many companies choose to list their assets in the order listed in the FASAB handbook to keep consistency and to ensure they report all required information. It is the case with Verizon Communications Inc. Verizon Communications Inc. lists its assets in many categories. According to the balance sheet listed on the Verizon Communications Inc. 2010 Annual Report (Verizon, 2011), the assets for Verizon Communications Inc. are classified in the following categories: Current Assets, Plant, property and equipment, Investments in unconsolidated businesses, Wireless licenses, Goodwill, Other intangible assets (net), and Other assets. The order listed by Verizon Communication Inc. is consistent with the Federal accounting Standards Advisory Board Cash Equivalents Verizon registers its assets in the proper order under their current assets. First, on the list are its cash and cash equivalents, which is anything that can immediately turn into cash. Some examples of cash and cash equivalents are money, paper checks...
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...head: Socio-Geographic Factors. Socio-Geographic Factors University of Phoenix Socio-Geographic Factors Companies face many factors that affect the ways management can operate the business. In the United States companies are becoming global and facing challenges of attracting and retaining employees. This paper entails Verizon Communications’ policies and procedures that the company uses to address new and old issues that management faces. In today’s society many people come from diverse backgrounds and companies have to learn to work with the differences. Verizon Communications is a leader in providing broadband and other wire line and wireless communication innovations to business, government, mass market and wholesale customers. The company’s wireless operates the country’s most reliable wireless network. Verizon serves nearly 71 million customers nationwide. The company’s Wire line operations consist of Verizon Business, which produces innovative and flawless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of congregate communications, information and entertainment services over the nation's most highly developed fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of more than 228,000 and last year originated working revenues of $93.5 billion (Verizon Communications, p.20). Class and Work Values Class is described as the process of classifying people based on wealth...
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...Internal and External Factors Paper MGT/230 October 12, 2015 INTERNAL AND EXTERNAL FACTORS PAPER The purpose of this essay is to explain how both internal and external factors affect the four functions of management. And how those factors also affect the organization of Verizon wireless Level One Heading The major four functions of management includes planning, controlling, organizing, and leading. These four functions could be affected by both internal and external factors in any business environment. Planning in management is systematically making decisions based on goals and activities that will be pursued by an individual. Controlling in management is the Monitoring performance and making changes. Organizing in management is assembling and coordinating human, financial, physical, information, and other resources needed to achieve goals. Leading in management involves the manager’s efforts to stimulate the high performance by employees. The external forces that affect the four functions of a business in management includes political, economic, technological, and sociological. Sociological is the demographics status in which helps management to plan for the future and design products for different aspects of people. Political and Economic includes all essential factors such as competitors and suppliers and customers as well this allows them to study their suppliers and competitors. Technology has a big effect on businesses, and...
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...they really need to in order to be successful in their jobs. This paper will include a needs analysis that includes an organizational analysis, a team analysis, and a task analysis. This paper will also describe the evaluation system by explaining the cognitive, skill-based, affective, or return on investment necessary to meet identified needs. Organizational Analysis Verizon Wireless is the largest wireless & technology company in the United States. It owns operates America’s largest 3G and 4G Long Term Evolution (LTE) wireless network and provides services to more than 100 million consumers. Total revenue held by the company is 115.8 billion. Verizon Wireless ranks 15 on the Fortune 500, they employ 180,900 employees worldwide. A wide range of services provided like local and long distance calls, broadband, and wireless connections worldwide. The company’s marketing campaigns are very well managed and successfully running. They offer the customer a broad selection of packages to choose from to attract the customer to buy their service. Another strength this company has is that it has well defined goals and objectives for the company as well as for the employees. Cost cutting is on top of their agenda followed by offering incentives to their employees for their performance. Verizon Wireless also has weaknesses the organization lacks the same number of customer care centers like other companies. Verizon Wireless’ management has put into place a variety of programs to help...
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...Business Proposal Paper Lucionda Garnett ECON/561 October 22, 2014 Mr. David Grier Introduction In today’s society, it is imperative that businesses adopt an efficient and effective strategy, in order to stay ahead in this persistently fluctuating professional world. Every business should have an approach that will align with the shifting economy to sustain or even gain more business. The result of an ineffective approach may result in the loss of customers, profits, and consequently the demise of the business as well. In this paper the author will attempt to write a business proposal, with specifics about Verizon Wireless network, which is vital in this technological savvy industry. In this business proposal, the author will identify the market structure for Verizon Wireless network, identify elasticity of the product, and discuss how pricing will relate to the Network as a whole. The author will also discuss how changes in the quantity supplied as a result of pricing decisions affect marginal cost and marginal revenue, suggest some nonpricing strategies that Verizon will use to increase barriers to entry, and how the changes in operations may alter the mix of fixed and variable costs. And finally, the author will go in depth about the current...
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... | Introduction Verizon Wireless is one of the major cell phone companies in the United States. According to its website, it has 73,000 employees and over 1900 retail locations. Its annual revenue in 2012 was $75.9 billion.Verizon Wireless was founded in 2000 by Verizon Communications and Vodafone. This company is very successful in the retail channel. Having worked in this channel with the company for three years and being a customer of the company for eight years has given insight into how important productivity is for continued success. (http://aboutus.verizonwireless.com/company/story/) In 2000, Vodafone AirTouch and Bell Atlantic Corp. received regulatory approval to combine their U.S. wireless assets, Bell Atlantic Mobile and AirTouch Communications. This $90-billion joint venture began operations as Verizon Wireless on April 4, 2000. Verizon quickly grew as it acquired other cellular companies. In 2000 it acquired network from Bell Atlantic. Rural Cellular Corporation was acquired in 2008. Alltel, a popular southern cell phone company was acquired the next year. In that same year Verizon Wireless developed a partnership with Google to promote the new cell phone operating system Android with a line of cell phones specifically for Verizon Wireless called DROID. The...
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...Introduction “Verizon Communications, Inc. is a full service telecommunications company based in New York City and incorporated in Delaware. It was formed on June 30, 2000 with the merger between Bell Atlantic Corp. and GTE Corp” (History of Verizon Wireless). Verizon currently stands as a global leader in in today’s society by its commitment to customer satisfaction and highly innovative technology. Its products and services provide the most convenient and technologically- advanced solutions for its customers by providing both broadband and wireline communications services to a large market, with services expanding to more than 150 countries. Verizon strives to continue as an industry leader by continuously perfecting its products and services to meet the changing needs of its customer base. To guarantee success, Verizon required a solid process for ensuring successful execution of business objectives in planning for advancement of their technology. In turn, Verizon created an exceptional PMO by including best practices used since 2006. The PMO aims to be financially efficient in an effort to support strategies for the organization. The purpose of this paper is to create a portfolio management plan for Verizon that shows how its organizational strategy and project alignment has contributed to Verizon’s success in becoming a “top performer” in its industry. Portfolio Management Process Project Portfolio Management (PPM) allows a company to choose the right...
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... Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION STR 581 Week 2 Organization’s Innovation Strategy, “Verizon Wireless is an innovative wireless communications company that connects people and businesses with the most advanced wireless technology and service available” (verizonwireless.com). Verizon wireless is owned by Verizon communications and is headquartered in Basking Ridge, NJ. Verizon wireless is the nation’s largest wireless company. Verizon currently serves about 123.4 million customers and have more than 1,700 retail locations nationwide. They were the first wireless company to bring 3G wireless broadband network to the States. The nation’s largest and most reliable 4G LTE network is operated by Verizon wireless. With the 4G LTE, customers can access fast internet and stream media faster than before. Now, Verizon has expanded to a new technology called XLTE. This new technology offers doubling speed and capacity over 4G LTE and still using the same Advance Wireless Services (AWS) spectrum. Now customers who live in the most congested areas for wireless and data traffic can access internet, download videos and send multimedia messages without experiencing delay or reduced speed, even during times of peak usage. In this paper, we will discuss how this innovative service from Verizon will keep them in the competitive advantage in the wireless industry. Strategy of innovation Verizon’s creation of XLTE is part of its corporate...
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...The Business Environment Business 100 7/29/12 The Business Environment This paper will focus on the total business environment. For instance business and the current economy have major affects on each other in terms of profits and stability. Will show how the economy can affect for-profit and nonprofit organizations and their ability to make money. Next, discuss the current U.S. fiscal and monetary policies and their impact on the economy. Outline a strategy taking Verizon Wireless to the global market. Finally, discuss social responsibility for Verizon Wireless and the impact they have on their community. Business in the Economy Most everything you can think of that relates to the economy is business. Retail, services, agriculture, manufacturing and health care all involve business. The economy depends on business to provide products and services as well as employment, without producers and distributors then consumers would be forced to produce, store and sell items themselves. Business improves the standard of living by producing products that people rely on in their day to day lives and provide employment so that people can purchase the products and services they want. Big and small business also fuel the economy through taxes paid to the government, which are used on projects to improve roadways and education. Compare and Contrast For-Profit and Nonprofit Organizations in the Economy Any businesses’ main goal is to make a profit. What a business does with...
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...Why Organizations Change Your Name MGT/380 Date Professor Why Organizations Change This paper will provide recommendations to the executives at Verizon regarding potential changes that the organization should consider making in the near future. Verizon will be reorganizing the company providing new pricing for its products and services. This paper will describe the stages of the change transition curve and what Verizon might experience. This paper will also discuss the influence of the global and internal environments and why this change is needed. Change transition Change is never easy for people, it becomes difficult in an organization when there is a different people involved that need to get guidance from a management team. In a management model there are four stages identified, which explain what most people go through when change occurs. The first stage normally is, denial ("Stages Of A Change Curve", 2015), people will react with a bit of shock by ignoring it, talking or thinking about the change is avoided. People will instead try to stick to familiar feelings, anything that they are still currently using in the organization. The second stage of change transition is resistance ("Stages Of A Change Curve", 2015). Some times in organizations employees can have feelings of anxiety or anger which can then reduce productivity when they realize that the change is actually happening. However, the management team’s role, is to listen to the team members...
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...Three Firms to Research Nabil AlBayoumi American Intercontinental University BUSN 300 06-26-2011 Abstract As a marketing manager I will be researching three different firms. These firms are AT&T, Verizon wireless and Metro PCS. These companies are the giants in the cell phone industry. This research paper will show why they are worthy of pursuit. Also the category in which the company lands in. In-addition to the risks in the opportunities, which will be recommended and the reflection of marketing on the firm. Three Firms to Research The three different firms are the biggest names in the industry of cell phone. Each of them offers a wide verity of option and opportunity for investors and consumers. The three firms are AT&T, Verizon Wireless and Metro PCS. These three firms have marketing strategies in place, but there a few things that can do to maximize profits and reach more customers. First firm will be AT&T. AT&T brings everything a customer wants from smartphones, internet access and TV. Their customer service has provided innovative and high quality merchandise. AT&T offers the nation’s fastest mobile network. They also cover a large part of international connection and in-addition to the largest Wi-Fi network available on the market. Providing service such as U-verse TV and DIRECTV. AT&T offers bundle packages that place all their offerings into one. AT&T offers a two year contract when signing with them. AT&T every day is trying...
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...concern to cell phones and the service providers they come with. This paper is to show the pros and cons of various companies. The top three service providers are Verizon, AT&T, and Straight Talk. Verizon is the biggest service provider around for now. The reason being that they have the best towers, or so people thought. Verizon hasn’t upgraded all of their towers to 4G LTE yet. Most of them are still running 3G towers. Their prices are ridiculously expensive and that’s where most people have their biggest issue with Verizon. Unlike Verizon, AT&T isn’t that sought after. Everyone assumes that since AT&T’s service wasn’t all that great a few years back that it still isn’t, but they are gaining more and more coverage. Most of their towers have been upgraded to 4G LTE so 3G on their network is virtually non-existent. The only issue is that their network will only work in certain areas, like if you live in the country you won’t get a signal. The good thing is that AT&T isn’t that expensive. Straight Talk runs off of both Verizon and AT&T towers. Straight Talk is a great, affordable company and it has a phone that meets everyone’s needs. If you’re out in the country then you will need a phone that runs off Verizon towers, but in the city you can go with AT&T towers or Verizon towers. Since it runs off of both you can have a phone that runs a 4G LTE network and one that runs a 3G network. Every company has its pros and cons, but the decision of which one you should go with...
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...Verizon Wireless Corporation Outline Team Paper ACC 300 Verizon Communications Outline Introduction: Verizon Communications Inc., based in New York City and incorporated in Delaware, was formed on June 30, 2000, with the merger of Bell Atlantic Corp. and GTE Corp. The mergers that formed Verizon were among the largest in U.S. business history, culminating in a definitive merger agreement, dated July 27, 1998, between Bell Atlantic, based in New York City, and GTE. Verizon was launched on April 3, 2000, and the wireless venture began operations as Verizon Wireless on April 4. GTE's wireless operations became part of Verizon Wireless; creating the nation's largest wireless company. Verizon today is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. 1) How are Verizon’s debt securities reported? A. Definition of debt security B. How is utilized on their financial statement? C. What did their financial statement reveal? 2) How are Verizon’s stock investments reported on their financial statement? A. Definition of stock investment B. How is it utilized on their financial statement C. What did their statements reveal about their stock investments 3) Why does Verizon invest in stocks and debt securities? A. To fund network expansion and modernization, repay external financing, pay dividends, repurchase Verizon common stock from...
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