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Innovation and Change Fed Ex - Essay Example

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Innovation and Change Name: University Course: Instructor: Date: Executive summary The paper seeks to explore the fundamental concept of innovation which has certainly become part and parcel of the present business environment. In the context of change and innovation, it becomes imperative that each and every organization strives to stay ahead of the park in order to survive in the market…
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Innovation and Change Fed Ex
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Download file to see previous pages However, amid the incessant process of innovation, several challenges abound. FedEx is always at the forefront in addressing these challenges in order to make the organization better in the modern age. Innovation and Change FedEx Corporation is currently a global multinational company specializing in the highly intricate logistics industry across the world. The company is indeed a global brand that has diversified its operations across the several sectors bordering the logistics industry. Indeed, through its bunch of operations, FedEx is currently one of the leading corporations in its industry. Headquartered in the United States, the operations of the corporation are presently divided into several divisions. The corporation was formed in 1996 following the acquisition of Caliber Systems Inc. by the original FedEx Express. Since its formation, the major objective of the corporation has always remained the need to build a strong share and foundation in the highly competitive logistics industry across the world (2012). Indeed, over the years, the organization has sufficiently managed to realize most of its objectives. Most of these realizations have always been a result of the efficient operational processes in the organization and the focused sense of management often realized in the organization. ...
Throughout the years, the company has grown and managed to take a lead in the highly competitive industry. The challenge has always been great amid the many dynamics that characterize the present business environment. Nevertheless, these drawbacks have always been addressed effectively by the management of the organization. As an external innovation management consultant, I would institute a number of changes in the organization with regard to innovation in the organization. This is about the production of new ideas in the organization, which normally takes a lot of time before approval is done. In this regard, it has been realized that the organization looses many new resources in terms of ideas given by the employees. It would therefore be imperative that the time for approval of new ideas be shortened so that the organization can effectively benefit from its large pool of resources. Similarly, much of the bureaucracy realized in the adoption of ideas in the organization has always been wanting. As an innovation consultant, I would effectively address this concern by instituting measures and policies that would mitigate the red tape presently realized. This would go a long way in making the innovation strategy of the organization one of the best in the industry. Innovation only thrives if such an environment is present in the organization. In terms of its value benefit, the company aspires to maximize the returns of its stakeholders through the provision of quality services using the latest trends in the market. Indeed, the operations of FedEx are almost indispensable in the present world. The organization is a very active participant in the global supply chain industry through its efficient logistics services ...Download file to see next pagesRead More
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