Business administration capstone bus 499 assignment 1: strategic
Verizon has adopted technology solutions such as cloud computing, data analytics, artificial intelligence (AI), Internet of Things (IoT), 5G networks, etc. to provide better quality of services to its customers from all over the world. Its acquisition of AOL in 2015 enabled it to move into digital content production and distribution across multiple devices and platforms.
The company’s 5G offering is allowing it to enter markets that are dominated by cable companies like Comcast and AT&T which were previously hard for Verizon to penetrate due to higher investment costs associated with them. It is also leveraging globalization initiatives such as cross-border partnerships/alliances with other telecom companies around the world t0 grow its international presence further into Asia Pacific and Europe. All this helps in increasing efficiency through economies of scale while reducing operating costs at the same time; thus enabling Verizon become more profitable than before while providing customers with exceptional services worldwide.