SWOT Matrix Analysis: Verizon

0 Download3 Pages / 575 Words

Add in library

Question:

Discuss about the SWOT Matrix Analysis for Verizon.

Answer:

Helpful

to achieving the objective

Harmful

to achieving the objective

Internal origin

(attributes of the system)

Strengths

· The brand name of Verizon is globally identified and has brand attraction for the customers.

· String Reputation across the U.S.

· Verizon has very less competitor and works with a joint venture, Vodafone group thus increasing their strength in the business field.

· Largest cell Carrier

· It has approximately 98 % of its users in US used in the market.

· Strong financial performance

· It provides a wide variety of network service like fixed line, wireless and internet television and consists of more than 190,000 employees (Verizon.com 2015).

Weaknesses

· Provide service only in U.S not internationally

· The weakness of Verizon is that it charges more money than its competitors for providing their service

· 3G service sometimes not allowed customers in data usage and voice calling simultaneously

· Online customer account management is not user friendly

· The presence of Verizon is mainly in U.S and for its global business it works with Vodafone and other established telecom partners (Verizonwireless.com, 2016).

External origin
(attributes of the environment)

Opportunities

· The customer looks for new technology and updated product in the minimum price range.

· High Speed internet service

· 100% GPS over U.S

· Company promoted to increase their business worldwide

· Thus Verizon should analyze the customer requirements and apply new technologies and innovations in their products.

· Launch fushion of a cell with ipods 2-way paging

· The business can be diversified in multiple fields such as expanding in audio conferencing, expansion globally and VOIP business growth (Verizonwireless.com, 2016).

Threats

· Advancement in new technologies obsoletes the networking process and the products.

· There is a strong competition regarding the pricing of the service between the competitors

· The company might face legal issues and cannibalization due to wireless and VOIP service offered Federal Communications Commission.

· Demand of landline is decreasing incredibly (Verizon.com 2015).

References

Verizon.com (2015). 2015 Annual Report, Verion. Retrieved 11 September 2016, from https://www.verizon.com/about/sites/default/files/annual/verizon-annual-2015/downloads/15_vz_ar.pdf

Verizonwireless.com (2016). Verizon Wireless Network Extender. Retrieved 11 September 2016, from https://www.verizonwireless.com/dam/support/pdf/network_extender_user_manual.pdf

Free Membership to World's Largest Sample Bank

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2017). SWOT Matrix Analysis: Verizon. Retrieved from https://myassignmenthelp.com/free-samples/swot-matrix-analysis-verizon.

"SWOT Matrix Analysis: Verizon." My Assignment Help, 2017, https://myassignmenthelp.com/free-samples/swot-matrix-analysis-verizon.

My Assignment Help (2017) SWOT Matrix Analysis: Verizon [Online]. Available from: https://myassignmenthelp.com/free-samples/swot-matrix-analysis-verizon
[Accessed 10 August 2020].

My Assignment Help. 'SWOT Matrix Analysis: Verizon' (My Assignment Help, 2017) <https://myassignmenthelp.com/free-samples/swot-matrix-analysis-verizon> accessed 10 August 2020.

My Assignment Help. SWOT Matrix Analysis: Verizon [Internet]. My Assignment Help. 2017 [cited 10 August 2020]. Available from: https://myassignmenthelp.com/free-samples/swot-matrix-analysis-verizon.

Latest Management Samples

ENGT5219 Engineering Business Environment

Download : 0 | Pages : 10

Course Code: ENGT5219
University: De Montfort University
Country: United Kingdom

Answer: Introduction The most serious issue that the nations around the world are dealing with is the climatic change and its impact on the people as well as the business operating. UK government has developed industrial strategy along with the private organisations which has identified four grand challenges including promoting the use of AI and data structure,catering the needs of ageing society, development of better road and rail facilitie...

Read More Tags: United Kingdom 9 engineering business environment Other

MNA1161 Introduction To Customer

Download : 0 | Pages : 2

Course Code: MNA1161
University: San Ignacio University
Country: United States

Answer: Approaches and strategies for dealing with the customer Each of the business owner and customers facing employees have heard the statement that “the customer is always right”, while I am disagree with the statement. The customers are not always right while we can say that they are just never wrong. It is a small strategy helps to approach issues of the customers in productive way. It has ability to bridge gap among performan...

Read More Tags: United States 29 Customer Service and Satisfaction Other

PSY118 Ethics Application Form

Download : 0 | Pages : 11

Answer: Introduction Earlier research showed that members who finished the undertakings within the existence of music or commotion were less ready to accumulate data for later review than the individuals who finished the examination in no music or quiet separately. Scientists have been keen on the conceivable advantages of music while working. Amidst the 1950s there was a whirlwind of enthusiasm concerning whether music influenced either spi...

Read More

MORG4038 Management And Organisations Spring 2018

Download : 0 | Pages : 8

Answer: Introduction The report highlights facts about the company Snap Inc. The report discusses the matter related to the structure of the organization, its market value, scope and scale of its business operations. The elements used in the organization have been discussed here in the report. The modern approach used by the management in the company. Also the innovative strategic objectives of management are discussed in the report (Seidl, 2...

Read More

BUMGT2606 Managing People At Work

Download : 0 | Pages : 8

Course Code: BUMGT2606
University: Federation University Australia
Country: Australia

Answer: Introduction Modern business is technology oriented and digitalization is a vital part of the business. Digital is not the part of an economy however, it is an economy. This economy offers limitless opportunities to the organization to improve their customer satisfaction level (Kane et al., 2015). No transformation in the business is a big problem to satisfy the customers. However, digital technologies allow the organization to establ...

Read More