Telecomsfilledwithcheese.com (2010) discussed the great work of Juan Villalonga Navarro who is CEO of Telefonica: “CEO took Spanish telecommunications company Telefonica private and helped it become the second largest telecommunications company in the world and the largest in Spain with over 252 million customers. Another thing Navarro undertook during his time was globalizing and diversifying the company”. It was his leadership that makes Telefonica a smart investment. Juan Villalonga Navarro took risks as a CEO (Telecoms, 2010) and it was those risks to expan5d and grow the company that paid off greatly for the employees and employers. Navarro, as a CEO, took advantage of those opportunities, risked high and benefitted well because of it.
Companies right now are all expanding in respect to a macro perspective but when looked at on a micro level there is evidence of job cuts. Although companies like Telefonica are cutting jobs (Roman, 2011) this does not mean that they are still not expanding. Roman discusses why Telefonica has chosen to cut employees in Spain and gives the reasons to be a result from their investments in Spain (Roman, 2011). The company sees a greater opportunity in South America and is investing more into that geographical region because of it. Employees and potential employees are all benefiting from company investments like Telefonica that are being made.
Randell Jenkins (2011) writes on statistics showing how in the current state of the economy it is good to be a potential telecommunication employee: “A report on CNNMoney.com stated that websites specializing in job search have indicated that telecommunication job opportunities have jumped 400% over the last three years, and younger individuals seem to be inquiring more about these telecommunication opportunities which offer more flexibility.” The expanding market would make sense for these jobs to boom. People are unemployed and need to use telecommunication services to find potential job opportunities. Companies need to save money by replacing employees with telecommunication services. Telecommunications can eliminate unnecessary spending for a company and allow a company to increase productivity.
Roman, David, 2011. 3rd UPDATE: Telefonica Targets Brazil Growth, May Cut Staff In Spain http://online.wsj.com/article/BT-CO-20110414-706301.html
Fortune 500 2010: industry: telecommunications. (2010, May 3). Retrieved from http://money.cnn.com/magazines/fortune/fortune500/2010/industries/157/index.html
2010, The Top 10 Best CEO’s in the Telecom Industry, http://telecomsfilledwithcheese.com/2010/03/15/the-top-10-best-ceo%E2%80%99s-in-the-telecom-industry/
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