Evaluating Vodafone's competitive position Essay

Evaluating Vodafone's competitive position - Essay Example In the United States, Vodafone owns majority control of the company Verizon Wireless giving them exposure to a wide range of competitors and customers. Vodafone also strives to acquire new markets and technology to offer the best to their customers. "We are reflecting the different approaches that will be required to continue to succeed, both in terms of our existing operations and in capturing new revenue streams for the future," said Vodafone chief executive Arun Sarin (BBC News April, 2006) With Vodafone companies spanning the globe, Vodafone has the ability to "respond to changing market conditions and seize opportunities," as they become available. (Gartner, May 2006)Vodafone is capable of wholesale buying around the world. This had the added advantage of setting global trends convincing buyers of the stronghold that exists within the company. In addition, a higher profit margin can be achieved when offering innovative service. Through cost leadership, Vodafone has restructured its leadership team in order to lower costs and integrate new technology. In April, Vodafone sold its deteriorating Japanese affiliate and made the president, Jim Morrow head of the new European market.