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Verizon

In: Business and Management

Submitted By candice1ee
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Verizon 1. Business Unit * Operates three business units * Verizon Wireless – Wireline * Verizon Business

2. Mission Statement
Mission Statement13“Verizon’s mission is to enable people and businesses to communicate with each other. We are also committed to providing full and open communication with our customers, employees and investors.”

3. Vision Statement
For our Core Goals, we decided on just one: To create the most respected brand in communications.

4. Internal Resource
(1)Organizational Culture:
• Employees Own Their Career
• Employee Training - Tools & framework available to resolve any customer problems - Support - Passion & Training
• Place to Grow
• Get Degree Verizon Pay
• Medical / Health Benefits compensation for tuition
• Day care program/Mother’s Room
(2) Technological Resource: * Reliable / Robust Wireless Network * advance Fiber Network
(3) Financial Performance / Position
(4) Physical Resource:
Acquisition & Merger
• January 2006 4- Verizon Communications closed its $8.44 billion acquisition of long-distance carrier MCI
• January 2009 5- Verizon Wireless $28.1 billion acquisition of regional carrier Alltel Wireless is finally complete, making the combined company the largest wireless carrier in the United States.
• April 20116 - Verizon Communications (VZ) has closed its $1.4 billion acquisition of Terremark Worldwide, clearing the way for Verizon to lead the rapidly evolving global managed IT infrastructure and cloud services market.
• August 20118- Verizon Communications Inc. announced today that it has acquired CloudSwitch, an innovative provider of cloud software technology, in a deal that will simplify the move to the enterprise cloud and help to boost industry adoption
• June 20127 - Verizon Acquires Hughes Telematics for $612M in Cash
(5) Corporate Strategy – Joint...

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