Verizon Shareholder Value

790 Words4 Pages
Business CH 8Management in Action Verizon Shareholder Value 1. Verizon’s current organizational culture appears to have a market culture. Their desire is to deliver results and employees are expected to work hard, react fast, and deliver quality work on time. They attempt to recruit the highest performing college graduates into their Leadership Development Program (VLDP). They also invest in their employee’s training so that they can perform at peak levels. Evidence is proven in the fact that they were ranked number one on the Training Top 125 in 2012. 2. The type of culture that is desired by CEO Lowell McAdam in order to meet his goals is an adhocracy culture, which attempts to create innovative products by being adaptable, creative, and quick to respond to changes in the marketplace. McAdam has introduced a 1.5-day mandatory executive education program designed to help senior leaders understand how to drive long-term value creation. The program is essential in understanding the obstacles that stand in the way of shareholder value. He encourages creativity from his leaders in the development of their Individual Accountability Plan (IAP), in which they are allowed to choose from one to two actions that he or she will commit to as part of driving Shareholders Value (SHV) and these are submitted to McAdam for review and follow-up. 3. Verizon used the following in creating its current culture within the organization. Role Modeling, Training, & Coaching: In creating a leadership culture that leads for shareholder value, Verizon had an executive education program that is designed to assist and help leaders understand how to drive long-term value creation. In this way, they can drive the rest of the organization. Organizational Goals & Performance Criteria: Verizon recruits high-performing college graduates who participate in internships and co-ops.
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