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Verizon's Corporate Social Responsibility

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“Verizon focuses its corporate social responsibility strategy on the customers, with the goal of reaching and achieving high customer satisfaction. Archie Carroll’s theory on corporate social responsibility states that businesses must work to satisfy the interests of stakeholders. Stakeholders are individuals or groups of people that affect and are affected by the business. In this case of Verizon, the stakeholders are invested into the various markets where the company operates. For example, the interests of stakeholders in the wireless telecommunications market are beneficial to the company’s corporate citizenship programs because of the operations of Verizon Wireless. The company’s continued expansion also translates to the corresponding …show more content…

and GTE Corp. Building upon their successful wireless partnership, Bell Atlantic and NYNEX agree to merge their remaining operations. The $23 billion deal forms the “new” Bell Atlantic, one of Verizon’s direct predecessors. In anticipation of its wide-area 4G rollout, Verizon introduces the LTE in Rural America Program to provide customers in smaller markets access to this high-speed network. Verizon Wireless launches the nation’s first wide-area 4G LTE network, setting a new standard for high-speed wireless communication. Initially available in 38 major markets, the 4G LTE network covers more than 110 million people at launch. Ushering in a new era for Verizon Communications, the board of directors names Lowell McAdam president and chief executive officer. McAdam previously served as president and CEO of Verizon Wireless. Verizon's groundbreaking Share Everything Plans forever change the way customers purchase wireless services by providing a single data plan that can be shared among devices. Proving that it's ready to meet the future needs of its customers, Verizon successfully doubles the capacity of fiber-optic cable by using next-generation 200G …show more content…

“Verizon said it earned $3.16 billion, or 52 cents per share, in the quarter. During the same quarter a year ago, the company earned $3.4 billion, or 66 cents per share.” Verizon then went on to state that regardless of the drop in cost of shares they went on to increase revenue to $26.86 billion from $24.1 billion last year, an 11 percent increase. “The company's chief financial officer, John Killian, said during a conference call with analysts and investors that the weak economy, which caused layoffs at many companies, was the main reason for the reduced spending. He also said the company would continue to cut costs in an effort to mitigate the negative effects.” Verizon has cut over 8,000 jobs over the past year in a effort to minimize company

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It says Verizon invested 78.3% in their network equipment, 12.1% in land, buildings and building equipment and 9.6% in furniture and others. Furthermore, their Form 10-K shows their lowest and highest stock prices per share for 2017. They were $47.80 to $54.83 for the first quarter, $44.36 to $49.55 for the second quarter, $42.80 to $50.32 for the third quarter and $43.97 to $53.69 for the fourth quarter. The Form 10-K also lists all of Verizon’s Directors, Executive Officers and Corporate Governance. Lastly, it breaks down Verizon’s operating expenses and net income from 2013-2018 and there was a steady increase in net income from 2015-2017.

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“The 150-foot tower — disguised as a flag pole — would upgrade the Sprint Nextel network to give work crews from First Energy Corp., the parent company of Jersey Central Power & Light, access to Sprint Nextel’s "push-to-talk" network, a walkie-talkie feature found on the telephone company’s cell phones. It would also eliminate "dead spots" for people who use Sprint Nextel’s cell phone network in the mountainous rural region” (Moszczynski). Sprint Nextel is not used by residents of Sussex County but it could benefit tourists from New York that use this service. “In March 2011, the 150-foot tower was proposed by Nextel wireless of New York to be built on Swartswood Volunteer Fire Department property off Swartswood Road”

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In this paper, I am going to discuss and explain my opinions on why company Q is or is not socially responsible. Company Q recently closed a couple of stores in high crime areas. Company Q also started offering very limited health conscious and organic products. The local food bank has contacted Company Q requesting day old food for donations. Company Q has declined the donation request due to possible fraud by its employees and has started throwing the food away.

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Verizon’s CSR shows the strategy dimension of ‘high centrality’ (Burke and Logsdon 1996). It can be found that some of Verizon’s CSRs are targeted to improve the environment, which includes reducing the carbon footprint, helping customers reduce their energy use and environmental impact and so forth (Verizon 2015). The effort that Verizon takes towards society shows that Verizon’s CSR is highly central with their purpose which is to sustain the environment (Verizon 2015). Verizon’s CSR strategy is to be economically efficient and its CSR helps to reduce the operating cost and deals with environmental issues (Conley and Williams 2005). In this way, Verizon shows satisfactory CSR performance.

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Introduction Verizon Communications started in 1984 as “Bell Atlantic” and one of the seven “Baby Sell”. In 2000, Bell Atlantic merged with independent phone company GTE Corporation and created the name "Verizon", a combination of VERITAS, the Latin word “ truth” and horizon, signifying forward-looking and visionary.(“Wiki”). “Verizon Wireless serves mobile phone, text message, and data services for smart phones, tablets, and computers, as well as wireless hotspot devices.” (“Wiki”). Verizon competes against other national wireless service providers, including AT&T, Sprint Nextel Corporation and T-Mobile USA, as well as various regional wireless service providers.

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The next largest division is Rogers Wireless is Canada's largest wireless communications services provider, under the Rogers, Fido, Chatr Wireless and Cityfone brand names, with 8.6 million voice and data subscribers. Rogers Wireless is Canada's largest voice and data communications services provider. Rogers Media is Canada's number 1 collection of the best media assets with 51 different radio stations, television broadcasting, televised shopping, publishing and sports entertainment. Rogers continues to stay a leading competitor by making bold and decisions of importance that affect consumers everywhere such as in 2004 when rogers bought out the rest of the shares for sportsnet at 45 million. ”COMPANY NEWS; ROGERS COMMUNICATIONS PURCHASES REMAINDER OF SPORTSNET” were the headlines of the New York Times in 2004.

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Under the Rogers Communication, there are three other networks named as Fido, Chatr Wireless and Cityfone, so that users can buy any network related to their needs and budget.” (Bader, 2016) “Rogers first in Canada to update its network to LTE with an Evolved Packet Core, presenting speedier portable broadband rates. It offers mobile broadband speeds that fulfill customers and enable new data-driven services. Customers can get a lot of benefits from this network as it is the oldest network in Canada.” (MARLOW, 2011) “Rogers has a wide range of network rather than any other network.

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The company could expand even more to increase their market share. They must keep communications open through their relationships to avoid miscommunication and confusion. References Karniel. A and Reich.

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This article discusses the growing problem between Sirius XM, the radio station, and T-Mobile as Sirius complains that the T-Mobile cellphone towers are interfering with their satellite radio signal. T-Mobile does not believe they are in the wrong. Instead, they blame Sirius XM radios, claiming there is an inadequate filtering system in the receivers. On the other hand, Sirius is placing responsibility on T-Mobile and wishes they remedy interference caused by their transmissions. The conflict is caused by something known as intermodulation.

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Corporate social responsibility: It has started an initiative in which it gives one percent of its revenue i.e. sales, to grassroots environmental organizations. Not only that, but also it has convinced 1,400 other companies to join this "1% for the Planet" initiative which he refers to as an Earth tax. This helps it to make a positive contribution to the environment thus achieving its strategic goal. Benefits: a.

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For example, the Nokia N-series is for the segment of students and teenagers. Nokia competes with blackberry through their E-series which offers a range of business phones, targeting the segment of corporate professionals. On the other hand Nokia also provides a range of premium and luxury phones by the name of “Vertu”, which targets the higher social class segment in the market. Positioning:

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Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders. The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.

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Corporate Social responsibility is an integral part of the Strategy of the company as responsibility; ethics and responsibility are the solid ground on which Vodafone deals with its customers. The organizational structure of Vodafone Egypt is as follows: • CEO: Ahmed Essam • CFO: Marwa el Ayouti • Consumer Business Unit Director: NihalZaki • Strategy Director: Emad el Azhary • HR Director: KhaledMostafa • External Affairs and Legal Director: Khaled Hegazy • Customer Care Director: Ashraf Helal • Enterprise Business Unit Director: Nick Gliddon • International Services Director: Sherif Bakir • Technology Director: Osama Said Vodafone has always aimed high for everything which is why it is the leading telecom industry; a core reason for this success starts in its mission. “To be admired as a diver ethical company operating responsibly and providing products and services that enable a more sustainable society for our customers and our community by being the leading telecommunication company for” Etisalat:

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In the Present situation IN the present situation the strategy of expansions is very important as world economy tends to globalize and nowadays, multinational companies like Nike which can hardly locate production in one country only but

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Here you look on the difference between benefits and harms for the society and if the benefits are greater than the decision or an action is considered as ethical, if lower – unethical. Here it is important to identify the stakeholders and an effects on them from actions or decisions of a company. “You can think of a stakeholder as a person or organization that can affect or be affected by your organization. Stakeholders can come from inside or outside of the organization. Examples of stakeholders of a business include customers, employees, stockholders, suppliers, non-profit community organizations, government, and the local community among many others.”

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