Comcast Corporation (previously American Cable Systems and Comcast Holdings) is a worldwide telecommunications firm based in Philadelphia, Pennsylvania.
Comcast’s goal is to improve communication technologies, while its mission statement highlights the connected experiences that its consumers derive from its business methods. Furthermore, thanks to their outstanding customer service, Comcast’s basic principles make it a nice and dependable corporation for consumers to work with. Here we will see about Comcast Corporation.
Analysis of Comcast’s Mission Statement
Comcast develops cutting-edge technology and entertainment that brings millions of people closer to the people, places, and things that mean most to them. Comcast’s mission statement is, “Amazing technology and entertainment that connects millions of people to the moments and experiences that matter most.” It can do so because of its diverse portfolio of companies, which includes Universal Pictures, NBC News, and Xfinity, as well as means to communicate with people online.
Comcast’s mission statement says that it is a customer-focused organization. This is seen when looking at their accessibility, contribution, and sustainability values.
Convenience: Comcast wants to make its innovations available to as many individuals as possible. They allow impaired people to access services that aren’t generally available through other telecommunications firms. Comcast, for example, develops cutting-edge technologies for those with vision impairments. Gloves that stimulate reduced dexterity are another device that allows consumers with compromised hand capabilities to utilize remote controllers.
Dedication: Comcast is enthusiastic about getting involved in the development of underserved communities. Comcast provided financial assistance to Provo High School in Utah, which included 20 construction garbage containers to aid with the clean-up.
Viability: Comcast has been granted the Platinum Leadership in Energy and Environmental Design credential for its efforts to save energy, water, and trash. By 2020, the corporation aimed to devote 500,000 volunteer hours to environmental improvement.
Analysis of Comcast’s Core Values
four core values that are very important to Comcast are:
- a spirit of entrepreneurship
- Integrity in action
- Respect for one another
- Volunteering in the community
As Comcast expands, we continue to look to the future for new communications technology, new opportunities, and more alternatives. We want to keep providing individuals with communications products and services that help them stay connected to the things that matter in their life. Comcast’s fundamental principles are “based on honesty and respect—to work together to drive ourselves and our companies to be creative, inventive, and competitive at all times,” according to the company.
They are motivated by an entrepreneurial spirit that encompasses doing the right thing, acting with integrity, and appreciating and giving back to others.
spirit of entrepreneurship: Every day, Comcast looks for new methods to adapt and enhance their goods to give a better customer experience than their competitors.
Integrity in actions: They strive to act in the best possible manner and to treat customers and workers fairly.
Respecting each other: Commitment to justice, inclusivity, and respect for one another. All customers, staff, and members of the community should be respected, according to Comcast.
Volunteering in the community: Comcast is recognized for helping the local community through contributions and volunteering in particular, as you have previously read in this article, to enhance the lives of residents.
Comcast vision Statement
Comcast’s vision statement is, “We continue to look to the future – exploring for new communications technology, new opportunities, and more alternatives.”
The following is the statement’s main point:
Future-oriented
This company’s investigation reveals that it is never content with its existing condition. As a result, Comcast is continuously thinking about its next major move or innovation to wow its consumers. It has grown dramatically as a result of such a strong desire for change.
Comcast’s Background
Ralph Roberts, Julian Brodsky, and Daniel Aaron launched Comcast in Tupelo, Mississippi in 1963. Later, the firm migrated to Philadelphia, where it is still headquartered today. Acquisitions of competitor cable networks such as Group W Cable and Storer Communications aided its quick expansion.
Comcast continued to diversify its business by entering the sports market. In 1996, Comcast Sportsnet was founded, and it eventually amalgamated with Home Team Sports. Comcast made a huge move in the entertainment sector in 2005 when it bought Metro-Goldwyn-Mayer, Inc. Comcast bought 51 percent of NBCUniversal from General Electric in 2011 and the rest of the company in 2013. As a consequence of its aggressive acquisition strategy, Comcast has become the most popular cable provider in the United States, one of the top media firms in the United States, and a notable telecoms operator abroad.
Today’s Comcast
Ralph Roberts, the son of one of the company’s founders, is the company’s CEO. Brian Roberts has been the CEO since 2002 and has overseen many successful firm growth (including some of the ones mentioned above). Comcast’s stock has risen from roughly $12 per share to $44.50 per share under his tenure. According to Forbes, this has considerably boosted the wealth of Robert’s family, who now have a fortune of $1.8 billion.
Comcast frequently asked questions.
- What is Comcast’s most well-known for?
Comcast Corporation is a multibillion-dollar media and technology conglomerate with two major businesses: Comcast Cable and NBCUniversal.
- Why Are 1.2 Million People Interested in Working for Comcast?
Across the Comcast family of organizations, we receive a startling amount of job applications each year. Comcast Cable, NBCUniversal, Comcast-Spectacor, and Comcast Ventures received over 1.2 million job applications in 2012. Each day, this equates to 4,650 dollars per firm.
Comcast is a multinational media and technology corporation with 126,000 workers worldwide. We are in a rare position to be a part of so many creative and intriguing organizations, and we can provide opportunities in a variety of places and industries. You may innovate new technologies, design new applications, build unique products, produce new television series and movies, broadcast the newest news and sports entertainment, or construct the most cutting-edge theme park experiences with Comcast. We also provide thousands of good jobs in communities around the country, where workers bring these innovative items and experiences to our millions of customers’ homes and businesses.
- What are the subsidiaries of Comcast?
Comcast has several subsidiaries in a variety of sectors, allowing it to deliver a wide range of services. Xfinity, Comcast Business, NBCUniversal, Sky, Universal Pictures, and DreamWorks are just a few of Comcast’s subsidiaries.
- What is an Internet Service Provider (ISP)?
The term “internet service provider” refers to a company that provides internet access. Xfinity is a subsidiary that offers high-speed internet access.
- What was the price of Comcast’s first public offering, and when did it happen?
The initial public offering (IPO) of Comcast took place on June 29, 1972. Every dollar you might have put into the market at the time is now worth about $1,500. So, in 1972, a $1,000 investment would have yielded over $1.5 million.
- Is Comcast a dividend-paying corporation?
Yes, Comcast pays $0.23 per share in quarterly dividends. This results in a dividend yield of a little over 2%. For the past 12 years, the dividend has risen every year, making this a safe and secure investment for long-term investors.
- How can I get in touch with someone at Comcast?
If you need to contact Xfinity in the future, you may use the following link to speak with them online: https://www.xfinity.com/support/contact-us
You may also contact 1-800-Xfinity toll-free (800.934.6489).
If you have an issue with another Comcast service, go to the subsidiary’s website for contact details.
