The introductory quote by Tony Robbins, an American motivational speaker and performance coach, shows that effective communication is based on the understanding of the differences between cultures and people. The implementation strategy for the named project focus on a detailed communication plan, which allows the project management team to ensure the support of all stakeholders for the necessary changes related to this project.
Economic changes over the last decade in the telecommunication market and the global networking of the industries have led to an serious transformation process within the whole sector. The previous western monopoly position has given way to an international oligopoly. Increasing competitive intensity and a continuous pressure for innovations have all contributed to decreasing gross profit margins and high cost pressure in the ICT market.
In this highly competitive market the T-Systems International GmbH, which is the object of this paper, can only survive through the optimization of internal processes, reduction of product costs and innovations. In recent years suppliers of cheap goods are pushing into market, especially from the Indian area, and increase the completion with their cheap products. T-Systems with his points of production in Europe is facing considerably higher labor and production costs.
A benchmark study shows that the profitability of the company is generally lower compared with the leading companies in that market. Main reason
One month has to look at competition since the early 1990’s, especially since the act 1996 act. The most effective competition has come from technology evolution that enabled multiple platforms with different product-characteristics and economics to compete. They, in turn, then forced each other into cycles of further innovation. When the telecommunications act of 1996 has passed, there were hints of incipient competition in both the long-distance and video-distribution markets as a result of new technology. Local telephony was still essentially a monopoly. Although wireless was thriving, it was seen primarily as a purely mobile service.”
However, as a new member with a new product, electronic product in North American market, the reputation is also an important attribute. Especially, quick delivery time is a key attribute for this company, due to the demand of quick delivery in all markets. Moreover, the manufacturing process of the new product, electronic product, on which our company will definitely focus, has a lot demands. Such as, technology, innovation and quick delivery time even the ability to make the product be the first one appearing in the market (other company, which is developing the same product, may become our competitive opponents). Especially, technology is predicted to play the most important role in the manufacturing process. On the other hand, the traditional cost system has a lot of limitations. Traditional costing system focuses on the cost reduction and the efficiency, particular the products with relatively few standardized components; Clifton, however, produces a wide range of airplane components. In addition, nonfinancial aspects of
The main question of the study is how financially well the company is at the moment and what investment expectation it generates on the market nowdays.
Now determine the WHY behind their performance. For example if profitability is declining or profits are negative, try to identify why. Look for evidence in the common-size statements that you prepared as well as industry information in the case. The purpose is to link strategic analysis with financial analysis to gain an understanding of why the company is performing the way it is.
A leader must listen to its followers and vice versa. Both Gardner and Wooden in their books provide examples that both ineffective and effective communication can affect a group or organization—for better or worse. However, through positive open communication that is produced from the group can lead to positive and effective improvement (Wooden, 2005, p.198-201; Gardner,1990, p.86) for the work environment and respectability between leader and follower.
All things considered, communication must be improved. It is my belief that if employees are informed and made to feel a part of a functioning team, we will see a great improvement in employee morale, more error-free projects will be produced, and client deadlines will be met with less overtime requirements. In order to open the lines of communication, to boost employee morale, to reduce the number of overtime hours, to eliminate client dissatisfaction, and to enhance the project quality, and to improve on performance, I recommend that the following steps be enacted. • • • • • • • The CEO will hold weekly staff meetings Department managers will conduct a weekly staff meeting An all-hands meeting will be held monthly Publish a monthly newsletter Place suggestion boxes in every department Implement a project tracking system Appoint an employee to schedule and monitor the progress of all projects
“Effective communication occurs only if the receiver understands the exact information or idea that the sender intended to transmit. Many of the problems that occur in an organization are: the direct result of people failing to communicate and processes that leads to confusion and can cause good plans to fail” (Clark, 2015).
Telstra Corporation Limited is Australia’s oldest telecommunications provider within Australia, coming from a place of monopoly within the Market to limited competition, following a full privatisation of the company from government owned to market driven. Telstra positions itself as a leader in innovator and has shaped their company’s vision towards “doing for a customer what no one else has, with 1 click, 1 touch, 1 button, 1 screen, 1 step solutions that are simple, easy and valued by individuals, business, enterprise and government” (Telstra, 2014). This report will look deeper into the telecommunications industry and the market into which it competes, who the main players are and what Telstra will need to do to remain competitive.
Communication is the cornerstone of maintaining a clear understanding between leaders and subordinates. In a team format, communication is vital for everyone to know the plan and approach to get on a path of success. A great speaker has the ability to inspire, organize, and portray optimism. Moreover, the coach has
The business case presented focuses on insatiable demand amongst a growing population for a service built on dilapidated, poorly maintained infrastructure, against a backdrop of government deregulation in the telecoms sector. As of 1992, there were a mere 78k telephone lines for the 27m people living in 4.7m households (a population set to double over the coming 24 years), with users suffering success rates of just 25%. Demand was forecast to grow to 500k subscribers by 1996. The recent deregulation of the telecoms sector (via the break-up of TPTC into TPC and TTCL) and the formation of a regulator (TCC) had
One major issue that the team ran into at DSS Consulting was the lack of structured communication. Meg failed to communicate clearly to Chris the goal of the team assignment. Communication plays an important factor in an organization’s culture (Calota et al, 2015). It allows information to flow from top to bottom and vice versa to create a healthy work environment. Management should clearly communicate its goals as to their expectations from the employees, as well as employees, should be able to communicate with management so that they know what is working well in the organization and what should be reviewed or looked at for changes to be made.
British Telecom My aim in this investigation is to discuss whether or not British Telecom has successfully grown and developed since its Privatisation to compete on a world scale. In addition to this has it any long-term strategies for future growth and development of products. According to the 1996 Budget Red Book, more than 50 major businesses have been privatised since 1979 and the state owned sector of industry has been reduced be two-thirds.
The company’s ability to generate profitability might not be constant and subject to a lot of factors.
Communication is needed for interaction, as air is needed for breathing. Without communication nothing will be resolved, nothing will be shared and nothing will be done. Communication is more than simply conveying a message to a person. Communication is verbal, written, non-verbal, voice tone, word choice and also active listening. Therefore, all these aspects play a vital role in effective communication. Moreover, there is a skill set need more than ever that goes beyond communications, which is intercultural communications. Intercultural communication is conveying messages across different languages and cultures (Arent, 2009). In an organization having exceptional intercultural communication skills will help lead to a successful career.
The result of incredible improvements which has taken palace in communication infrastructure and significant cost reduction of global telecommunication costs all over the globe due to massive penetration and development of this industry , offshoring and outsourcing have scaled new heights (Blinder, 2006; Levy