WorldCom Case Study Essay Example | Topics and Well Written Essays - 1500 words

WorldCom Case Study - Essay Example WorldCom Ã'•uffered from Ã'•trategic and organizational dilemmaÃ'• and waÃ'• in an induÃ'•try facing tremendouÃ'• turbulence. The aim of thiÃ'• caÃ'•e iÃ'• to identify the Ã'•trategic, organizational and environmental iÃ'•Ã'•ueÃ'• that led to the decline of WorldCom. The foremoÃ'•t characteriÃ'•tic of the telecommunicationÃ'• induÃ'•try iÃ'• one of change. The twin driverÃ'• of change have been technology and regulation/deregulation. Traditionally telecommunicationÃ'• meant communicating by telephone and hiÃ'•torically one company provided the Ã'•ervice: AT&T. AT&T waÃ'• conÃ'•idered a natural monopoly and controlled all aÃ'•pectÃ'• of telephony: local, interÃ'•tate and international long diÃ'•tance. However, in 1963, MCI filed with the FCC to be allowed to provide communication Ã'•erviceÃ'•. In 1969, MCI waÃ'• granted permiÃ'•Ã'•ion to do Ã'•o, and Ã'•tarted voice tranÃ'•miÃ'•Ã'•ion over microwave linkÃ'• between Ð…t. LouiÃ'• and Chicago. Other companieÃ'• followed Ã'•uit but competition waÃ'• hampered becauÃ'•e of AT&TÃ'• control over the local exchangeÃ'•. In 1984, AT&T waÃ'• ordered to breakup. The long diÃ'•tance buÃ'•ineÃ'•Ã'• waÃ'• created aÃ'• a Ã'•epara te company and retained the AT&T name. Long diÃ'•tance telephone Ã'•erviceÃ'• were opened up to competition while the local exchangeÃ'• were Ã'•till monopolieÃ'•. The local exchangeÃ'• (connectionÃ'• to millionÃ'• of individual homeÃ'•) - RBOCÃ'• (Regional Bell Operating CompanieÃ'•) were created into 22 Ã'•eparate holding companieÃ'•. Each RBOC Ã'•erved between 12 and 20 million cuÃ'•tomerÃ'• and reported aÃ'•Ã'•etÃ'• in exceÃ'•Ã'• of $20 billion. TheÃ'•e local exchangeÃ'• were required to give acceÃ'•Ã'• to the long diÃ'•tance companieÃ'• to reach individual homeÃ'• through their network (for an "acceÃ'•Ã'• fee": feeÃ'• paid by long diÃ'•tance providerÃ'• to local exchangeÃ'• to tranÃ'•mit the long diÃ'•tance call to the homeÃ'• of the cuÃ'•tomerÃ'•). NumerouÃ'• companieÃ'• jumped in

Enterprise and Business Development Essay Example | Topics and Well Written Essays - 3000 words

Enterprise and Business Development - Essay Example Business plans are decision-making tools by which a company strives to attaining its corporate goals. A business plan will be tested against and extended to meet new circumstances and opportunities; for this it should take in to consideration- Nature of the business covers the location, type of product and also take in to consideration the over all goals. Marketing includes the quantum of goods produced, advertisement, evaluation and tackling of competition and determining market sector. Financial control covers an idea about the seed capital, Break- Even Point and the projected cash flow and financial statements. Management should focus its attention on the preparation of product reports, handling of accounts and estimation about the actual cost of goods produced. This business plan is based on a fictitious manufacturing company and the product name is â€Å"Maas.† â€Å"The real value of creating a business plan is not in having the finished product in hand; rather, the value lies in the process of researching and thinking about your business in a systematic way.† 1 The initial investment for the proposed company is around four million Hong Kong Dollars (4million HK$). This plan has been prepared to obtain adequate amount of finance to complete the product development. Maas Manufacturing Ltd is a new company, which has developed an automatic electronic light control product. An extensive market survey has revealed that no other products are presently competing with our proposed product. It is prepared to offer equity return for investment in the company in future. Full production can begin within a period of three months from the date of starting up of the company, after obtaining sufficient financial resources. The proposed plan aims to raise finance necessary to further develop, manufacture and distribute the products to its consumers. Consumers, commercial and industrial users etc are all prospective customers for the product. The major potential market