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Strategic Management
Question 2) The company I have chosen is FedEx. Its primary business is overnight package delivery. The mission of the organization is to deliver every package on time. The organizational culture has a couple of key elements. One is the military culture that has been passed down from founder/CEO Fred Smith. This culture is very rigid, necessary for a business built on punctuality. The other element of the culture is strong customer service, because the business is built on regular customers and brand loyalty.
The long-range objectives for FedEx are to build out global capacity in its core business. The firm is also embarking a growth strategy involving its other lines, some of which have much less market penetration. These include customers clearance, less-than-truckload freight and office services. Over the long-run FedEx hopes to build synergies between their different operating units, allowing them to enhance the customer experience and thereby market share.
Question 1) FedEx's present strategy is working well. The company created its industry and has no emerged as the dominant player in that business. Evidence of FedEx's success can be found in Dahl's departure from the U.S. market. FedEx has several strengths, including a strong culture, established transportation networks, powerful brand and favorable plane lease terms. Weaknesses include being exposed, full force, to the business cycle. Another weakness at FedEx is the Kinko's unit, which has failed to generate synergies and seldom turns a profit. There remain opportunities to develop overseas businesses, and further opportunities to increase its presence in customs, LTL and other key transportation-related industries.
FedEx has a very strong competitive position. They are the #1 player in the key overnight business. FedEx and UPS have essentially an oligopoly, in which the two companies can manage their costs and prices in concert. The most significant strategic issue is that of the economy, which is hurting FedEx's customers. This reduces FedEx shipping capabilities. The second strategic issue will be the fuel costs. This may force the company to rethink some aspects of its business model going forward. These issues will drive the company next year and into the next five years.
In comparing the two lists and seeing what they have in common and how they differ, it is clear that both share the need to enable and foster greater levels of transformational leadership in an enterprise if it is going to succeed over the long-term. Second, both share the common attributes of being focused on a strong vision of what the company can become, being careful to provide assurances to
Strategic Management The concept of strategic management is one that is highly important to organizations around the world (David, 2009). It involves taking a look at the top management of a company and the resources that management team is using on behalf of the company's owners and in order to show a specific level of performance. The mission, vision, and objectives of the organization must be examined, and it is necessary
In the context of many organizations their cultures act as the central reference point for everything from how meetings are held to how people are spoken to, and certainly influence the level of innovation achieved (Markides, 2004). Cultures then can be either constraints or catalysts of growth for any company. It is in how they are defined that makes the difference. For any strategy to be effective however it must
This is having a significant effect also on strategic planning as it forces organizations to respect, plan for and create value in their products and services that respect these cultural values. Question 2: Compare and contrast the two models, strategic mgmt model, and the strategic decision making process, and reconcile the strategic decision making process with the strategic mgmt model. Do the two models complement each other or do they
Alen Badal (2005) then promotes the belief that it is imperative for the success of a modern day manager that he be able to understand and implement interdisciplinary thinking in order to enhance the quality of an organizational strategy, and as such the success rates of the entire organization. These three studies, alongside with several others, will constitute the literary background, as well as the starting point and the
In other words, he must come up with a way to collect the tax, as through affixed transit tax. Since he has already come up with the idea for a fixed tax, he must now take steps to implement it successfully. One method of achieving this is first to gain the following of his Merrymen in acceptance of the tax. They must be able to demonstrate to the farmers,