The pending expansion of Global Communications into the international arena has significant implications, both positive and negative, for the corporation. Although the company is going through a difficult time at the present, with stock depreciations, a lack of innovation, and pending layoffs, the potential for growth and for increased profitability with the new direction chosen by the company's executives is very real. If Global Communications can address the challenges immediately facing it, take advantage of the opportunities which are available, and at the same time balance the needs of competing groups of stakeholders, it can realize several of its long-term goals as outlined later in this paper.

Diminishing returns across the entire telecommunications industry have negatively affected the stock and profitability of Global Communications. Excessive amounts of competition from companies worldwide have diluted the market as well as offered a wide range of features that Global Communications does not currently provide. Small providers offer specialized services, and larger multinationals offer lower prices and more competitive service choices. Glo

The initial attempt to address these financial issues, outsourcing many jobs to Ireland and India, has also created more problems for Global. The employee union feels betrayed and is threatening legal action regarding the layoffs. Additionally, the public relations issue regarding this outsourcing is an important one for Global to address in order to prevent a public backlash in response to the outsourcing and union-relations issues.

Such opportunities can benefit all stakeholders in Global, from the individual stockholders to employees to global executives, by strengthening the financial and community/social situations of the company. Although the implementation of these changes may be uncomfortable at times and even immediately painful for several groups (the employees' union, for example), the overall benefit for everyone involved must be kept in mind. Long-term goals can be used to track the company's progress toward achieving its end goal of returning to an innovating, profitable organization

The first of these issues is the declining price of Global Communications stock, presumably due to the increased amount of competition in the field. Such a decline in overall profitability is the most pressing problem facing the company; however, it is also the broadest in that several more specific problems contribute to this overall issue. One of the contributing factors is the need for new services and innovations in research and development. Such innovations require capital and financial resources, which relates to the problem of declining confidence among stockholders, who are wondering if they industry can recover from the competitive situation in which it currently finds itself. The problem of stockholder confidence therefore contributes to the lack of funds available for innovations and research, meaning that the company must find a way to inc

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Approximate Word count = 1261
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