Verizon Inc
A company needs to have a strategy in the process of planning. SWOT analysis is a valuable tool that facilitates the process of strategic planning. The current position of the company can be ascertained using such strategic methods. The tool is effective in identifying the position of the company in the current market. A human being is a social being: everyone wants to communicate with each other regardless of the geological location. In this present era and century, the telecommunication business has grown so vastly that the big investors and the wealthiest people have roots in the telecommunications firm. Technology has played a pivotal role in putting telecommunication in a lucrative position. The world’s superpower is a hub of many companies that have influence over the globe. In the United States of America, some of the telecommunication giants include Verizon. The introduction of fiber optic cables has led to other radio transmission methods and microwave systems to become something of the past. Verizon provides fiber networks, telephony, and wireless connectivity. When one gets an opportunity to gain experience from such an advanced company, there is a lot to learn that can help improve some of the various sectors. The following is a strength, weakness, opportunity, and threats analysis of Verizon Inc.
One of the noticeable strengths of Verizon Inc. is the ability to embrace flexibility and being dynamic. In the ever-changing world that experiences time to the time change in technology, companies should try as much as possible to keep up with the pace so that they can exist in the market. Verizon Inc. has shown tremendous efforts in keeping with the pace in technology as they have embraced the influence of fiber optics as an advanced method of transmitting communication. Also, the company has installed various infrastructures that would cater to the needs of the clients. These form a massive step in the telecommunication business since a company can save money that would have been used in leasing.