Situation Background (Step 1)
Global Communications is in a precarious situation. In the past three years, Global Communication 's stock price has suffered over a 50% depreciation, tumbling from $28 per share to $11 per share. Their business has suffered partially because of the highly competitive industry in which they operate. Throughout the past several years, the cable companies have entered the telecommunications market offering complete solutions, including computers, television, and telephone services (University of Phoenix, 2006). Additionally, due to globalization, there are now local, long-distance, and international markets competing for the same business (University of Phoenix, 2006).
In an attempt to compete, Global Communications has developed a new two-fold business plan. First, Global Communications plans to introduce new services to their small business and consumer customers. Additionally, Global Communications has aligned with a satellite provider to provide satellite television services and internet broadband. Global Communications has also partnered with a
References: Hoffman, T. (2003, April 28). Bank 's IT Workers Threaten Strike Over Outsourcing. Retrieved March 29, 2006, from http://www.computerworld.com/managementtopics/outsourcing/story/0,10801,80727,00.html. Nextel (2006). Strategic Partnerships. Retrieved March 28, 2006, from http://www.nextel.com/en/about/partnerships/strategic.shtml. University of Phoenix. (2006). Problem Solving Approach: An Example-A Life Work Scenario. Retrieved February 28, 2006, from University of Phoenix, Week One, rEsource. MBA 500-Foundations of Problem-Based Learning. University of Phoenix. (2006). Scenario: Global Communications. Retrieved February 28, 2006, from University of Phoenix, Week Four, rEsource. MBA 500-Foundations of Problem-Based Learning. University of Phoenix. (2006). MBA 500 Week Four Rubric. Retrieved March 17, 2006, from University of Phoenix, Week Four, rEsource. MBA 500-Foundations of Problem-Based Learning.