Innovation and Change at FedEx - Case Study Example

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The paper seeks to explore the fundamental concept of innovation at FedEx which has become part and parcel of the 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 at FedEx
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Download file to see previous pages 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 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.
Presently, the organization operates in several segments across the industry. These include Express, Freight, and Ground. Nevertheless, the original company FedEx express was incorporated in 1971 when Fredrick Smith sought to put into action an idea he had nurtured since his days as an undergraduate student at Yale (Burns & Stalker, 1999). 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 loses 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. ...Download file to see next pagesRead More
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