Strategic Management Planning Comcast Essay

Comcast in the Context Of Strategic Management Plans Considering the current status of Comcast in the U.S., it would be safe to say that a strategic management plan would assist employees in having a more complex understanding of the company in general and of attitudes they need to take on in order to improve the environment there. By emphasizing values and by relating to some of the company's most important goals, the company is likely to raise awareness among its ranks. Comcast has been known to expand during recent years and to rebrand some of its products in an attempt to refresh consumer markets.

Vision is among the principal elements that Comcast is interested in creating as a consequence of a strategic management plan. By developing a clear plan, the company is more probable to help employees and markets identify with its products more and actually feel that they have a solid role in the social order.

Comcast has a history of implementing strategic management plans and adding large numbers of customers to the business as a consequence. "During the mid-1990s, Comcast conducted several deals that added more than a million subscribers to its business. The deals (with MacLean Hunter Limited and E. W. Scripps) were completed at prices of about $2,000 per subscriber, the norm at the time." (Handley 144) This success was largely due to the company diversifying its services offer and in buying interest in a series of local networks and cable franchises. This cemented its role in the U.S., as numerous individuals started to associate it with the idea of networks in general, regardless of whether these respective networks were cellular, TV, or other types.

Although its profits have increased significantly throughout the 1990s, the company identified the potential for even larger growth and got actively involved in developing strategic managements that would make it possible for it to become a much bigger cable company. "The first large increment of cash came in 1997, in the form of a $1 billion investment from Microsoft, whose CEO, Bill Gates, understood the power of broadband networks." (Handley 144) Subscribers started to come in at a fast rate and the company started to sell interest in smaller companies it had collaborated with until the time as its management realized that it needed to gather...

...

It was at this moment when the company became the largest cable company in the U.S., "with 21.3 million subscribers, nearly 30% of the cable subscribers in the country." (Handley 145) Even with the fact that its success was remarkable during the early 2000s, Comcast understood the critical condition it was in when concerning securing its place in the industry. As a consequence it began to acquire interest in more companies that it considered essential for its well-being, with some of these respective purchases being particularly risky. The company's daring attitude throughout this period made it possible for it to develop a name for itself as it influenced the masses to perceive it as one of the best options when it coming for services that the industry provides.
One of the most recent strategic management plans that Comcast put into effect involves Xfinity, a collection of high-speed services that are actually traditional Comcast services rebranded with the purpose of influencing customers to understand the difference between these and more basic services. "With Xfinity, customers can also get up to 105 mbps Internet Service, probably the best service for downloading large chunks of video content." (Sander & Bobo 107) Some might argue that this was a particularly risky move, taking into account that a great deal of customers is likely to express less interest in this division of Comcast. The company practically chose to associate its global brand less with the Xfinity collection of services. This is obviously an attempt to get customers to understand the fact that they are privileged when having access to Xfinity.

When considering recent Xfinity progress, it would be safe to say that Comcast had a clear-set goal when choosing to bring these services into light under a different name. Numerous companies have used coined names and managed to create trademarks as a result. Comcast had a complex understanding of its condition in 2010 and decided that a premium service would likely influence the masses to acknowledge the high-quality services that the company could provide (Ries).

Xfinity provides services…

Sources Used in Documents:

Works cited:

Crandall, W. R., Parnell, J. A., & Spillan, J. E. "Crisis Management: Leading in the New Strategy Landscape: Leading in the New Strategy Landscape." (SAGE Publications, 27 Feb 2013)

Handley, J. "Telebomb: The Truth Behind the $500-billion Telecom Bust and What the Industry Must Do to Recover." (AMACOM Div American Management Assn, 14 May 2014)

Ries, A. "Comcast Needs a New Strategy, Not a New Brand." http://adage.com/article/al-ries/comcast-a-strategy-a-brand/144796/


Cite this Document:

"Strategic Management Planning Comcast" (2015, November 22) Retrieved April 25, 2024, from
https://www.paperdue.com/essay/strategic-management-planning-comcast-2160054

"Strategic Management Planning Comcast" 22 November 2015. Web.25 April. 2024. <
https://www.paperdue.com/essay/strategic-management-planning-comcast-2160054>

"Strategic Management Planning Comcast", 22 November 2015, Accessed.25 April. 2024,
https://www.paperdue.com/essay/strategic-management-planning-comcast-2160054

Related Documents

Strategic Planning & Strategy Formulation Case: Strategic Planning & Strategy Formulation Case Assignment -- Comcast Comcast's Current Strategy Current Event Blog Discussion Question: Strategy Planning and Formulation Case Strategy Implementation & Evaluation Current Event Blog 4 -- Strategy Implementation & Evaluation Discussion Question: Strategy Implementation and Evaluation Reflective Discussion Case: Strategic Planning & Strategy Formulation Case Assignment -- Comcast Comcast's Current Strategy Comcast has developed a current business strategy that is completely focused on the customer. The company has positioned itself at the "intersection

Management Organization Learning The efforts of a collective group of people can often transcend that of an individual; teams have been a functional part of the business culture for over twenty years with the goal of accomplishing just this feat. While "system thinking," "mental models" and "team communication" continue to hold great importance in the synergy of multi-contributor accomplishment, it hasn't proven to be quite enough. Working teams accumulate an almost infinite

Time Warner Vs. Comcast
PAGES 3 WORDS 1279

Warner and Comcast Merger In the last several years, cable companies have been experiencing tremendous amounts of consolidation. This is because new competitors are entering the marketplace and they will often use bundling to sell a variety of services such as: telephone, Internet and HD TV. Comcast has been aggressively acquiring assets to improve their competitive position. (Standard and Poor's) Recently, the proposed merger with Time Warner is supposed to enable

HR Case Analysis
PAGES 7 WORDS 2007

HR Case Analysis Verizon This report is a combination review of the article "Verizon Communications, Inc.: Implementing a Human Resources Balanced Scorecard" and also a review of the process of balanced scorecard. Companies today can only get what they measure. When it comes to Human Resources performance management, how can they be sure they are measuring the right things? Or, are the communicating the right information to the right people? There are

In summary, we recommend that the IESBA reconsiders the proposals in the Exposure Draft and provides more guidance on safeguards applicable to sole practitioners and small accounting firms to ensure that the benefits of the changes outweigh the costs to SMEs. Under a principle-based approach, there should be safeguards and practical relief for all practitioners rather than rules-based outright prohibitions. The rewrite of this Independence component of the Code

Octagon Sports Marketing Plan Octagon Sports Marketing Octagon Sports Company has been proud to be an industry leader in terms of events management, sports and entertainment marketing, and representation of athletes and personalities al over the world. It was founded in the year 1983 and after wards acquired as sports and entertainment event marketing arm of the Interpublic Group of Companies (IPG) in 1997 by the same company (IPG). Currently Octagon Company