Like most large successful companies, Verizon has many standard plans, procedures, and policies to guide the actions of their employees. However, Verizon’s commitment to focusing outward on the customer, eliminating bureaucracy, emphasizing adaptability, and encouraging employees to take risks, are clear indicators of Verizon’s Adhocratic Organizational Culture (Verizon (USA), n.d.). To begin with, early in its evolution as a company, Verizon established its Company Credo to guide the actions of its leaders and employees (Strigl & Swiatek, 2011). Verizon’s Company Credo espouses the importance of focusing on the customer, seeing change as an opportunity, and being willing to take risks that benefit customers and the company (Verizon (USA),…
The first level of analysis implemented in the Verizon workplace was individual which involves the study of learning, perception, creativity, motivation, personality, turnover, task performance, cooperative behavior, deviant behavior, ethics and cognition. “At this level of analysis, organizational behavior draws heavily upon psychology, engineering, and medicine,” (http://wiki.answers.com/Q/What_are_three_levels_of_analysis_in_your_organizational_behavior_model). Verizon is constantly reinventing their networks around mobility, broadband and global connectivity to create a platform for long-term growth. The office of Verizon contains a variety of departments that exist to maintain an operational organization which includes a sales team, customer service, installers, and upper management. The individual employees in each department all have their own responsibilities and…
A. Company History, Development and GrowthVerizon Wireless aspires for manageable development as a wide market leader in wireless services as well as for dominance in major wireless service markets. In both situations, the Verizon Wireless services will have to do critical roles. Verizon Wireless has the capability to establish its dominance in wireless service markets normally through acquisition of other powerful wireless service companies and their services, which are then integrated into a new, bigger organization. Giving training to its workers, enhancing the organizational functions, and the development of fresh innovations then establishes the positions of the different Verizon Wireless services. This logically leads in economies of…
Verizon’s current organizational culture in creating leadership that leads for shareholder value was one of Verizon’s significant training goals in 2011 and the company’s implementation of Leading for Shareholder Value was a key lever for…
What would you do if you had to face down an incredibly deadly reptilian predator? That’s the situation presented in “A Sound of Thunder” and “Being Prey”. Though the dangers may be similar, there remains a stark contrast between the stories, as exemplified through the conflict, setting and lastly, the characters themselves.…
They weren’t only trying to make sure that their shareholders were taken care of, but they were also trying to maintain a competitive edge on the competition. The way that they were wanting to make this happen was to use several different approaches. 1. Formal Statements – This was in the form of letting each division know what the expectations were going to be from now on. This also meant that they would have a clear-cut direction that they would be headed in. It put them in a better situation per employees because they knew exactly what to expect and what was expected of them. (Freifeld, L. Training Magazine)2. Role Modeling, Teaching & Coaching – This was the most extensive of the things that were put in order because it was something that wasn’t just slated for low-level employees. This was also put in place for leaders in the company too. It had an impact on the whole company. The commitment to leading and teaching everyone in the company showed that they were all about the big picture. This way would ensure that all the workers would know and understand the plans that were being put in place. 3. Organizational Goals and Performance Criteria – “Verizon’s three main business goals for 2011 were: 1. To build a business and workforce as good as its networks. 2. To lead in shareholder value creation. 3. To be recognized as an iconic technology company.” (Freifeld, L. Training Magazine). The way that they went about their…
Verizon used role modeling, training, and coaching to create their current culture (Kinicki & Williams, 2013). Leading for Shareholder Value (LSV) and the Verizon Leadership Development Program (VLDP) made the changes possible (Kinicki & Williams, 2013). The Verizon Lean Six Sigma (VLSS) was also implemented into the cultural changes (Freifeld, 2013).…
“We believe integrity is at the core of who we are,” is a principal tenet in our Credo. We know that to succeed in today’s global market, our brand must stand for integrity, trust and the highest ethical standards. We live up to these ideals through a comprehensive ethics and compliance program that is built on our Verizon Code of Conduct, ongoing educational communications and mandatory training requirements, and readily accessible tools through which all employees are encouraged to raise questions, report concerns and get information about ethics, policies, procedures and applicable laws. We have implemented a robust lineup of resources to operationalize our commitment, including:…
Verizon Communications Inc. is a global broadband and telecommunications company based in New York. Verizon originated in 1983 as Bell Atlantic, operating from New Jersey to Virginia and NYNEX, covering New York to Maine as a result of the AT&T breakup into seven “baby bells” in 1984 (Hoovers, 2011). The name was changed to Verizon in June 2000 because of the merger of GTE and Bell Atlantic (Hoovers, 2011).…
The Intel Corporation produces microprocessors that are used in computers. It has a market share of over 75% and has been praised for its highly innovative culture. Do you think that an innovative culture can be relied on to guarantee the future success of a business? Justify your answer with reference to Intel and/or other organisations you know. (40 marks)…
Our case study details how Verizon Wireless demonstrates value to the team, company, and shareholder through a structured framework of training and layers of strategic goals which define success. This successful framework would constitute what is termed a Hierarchical culture due to the processes which define their internal focus and control over flexibility (Kinicki, 2012). Verizon achieves top marks in various polls due to their consistent ability to drive customer satisfaction through service. This high customer satisfaction result can be attributed to the focused training programs, hiring processes and involved leadership.…
* Organizational culture- The system of shared actions, values, and beliefs that develops within an organization and guides the behavior of its members…
“Groupon! Get your Groupon! Hot off the presses!” It wasn’t too long ago Groupon Inc. was the darling of Wall Street. Institutional and individual investors alike were anxiously anticipating an opportunity to buy shares of the company dubbed by Fast Company as “the most exciting thing to happen to retail since eBay.” That excitement was mirrored on November 4, 2011, Groupon’s first day of trading on the New York Stock Exchange, as the price sky-rocketed to a high of $31.14 compared to its initial $20.00 IPO valuation. However, that unbridled enthusiasm has dwindled since as the stock has plummeted to an all-time low of $3.83 as of Friday November 2, 2012 (Yahoo! Finance 2012). Let’s take a look at the history of Groupon Inc. and how has gotten to this point.…
What values appear to be driving the doctors and nurses in the hospitals to treat heart attack patients?…
The creation of a truly global economy and increasing pressure on companies to find and retain top talent have caused changes in the real estate management arena to occur at breakneck speed. Increasingly, commercial tenants are using revamped, top-of-the-- line office space as an incentive to attract candidates and to improve overall productivity.…