Fedex Internal Analysis Essay

* History Founded by Frederick W. Smith, FedEx Express was established in 1973 and it has grown rapidly. Smith had the idea of creating a company that would deliver mail all over the United States over night. His idea was to fly mail from one location to another at night because the traffic is better and packages could be sorted, distributed and out of its original location faster. Delivering to over 220 countries and territories, FedEx today is a big global industry with a vast network worldwide. The company that started as a laid out in an economics class today is one of the biggest mail distribution corporations known by all customers as the company that â€Å"send shipment overnight† (FedEx,2013). * Employment Employing more than 245,000 workers, contractors, pilots and operational personnel, FedEx is a corporation proud of its employees. FedEx creates opportunities not only for their full time employees but the company also hires college students as part time employees. It not only provides the college students a flexible job but it also helps FedEx cut costs, especially because the corporation is not unionized except for their pilots that are associated with the ALPA. FedEx not only employees in the United States, but it also employees overseas and 13 percent of its current employees are international. * Organizational Structure The FedEx Corporation like many others is structure with a CEO, CFO, Market Development and Corporate Communications VP, Chief Information Officer, General Counsel and Secretary. Each subdivision of FedEx has a CEO, current David J. Bronczek is the CEO for the FedEx Express subdivision. Frederick W. Smith remains in the main position of President and CEO of the company as a whole (FexEx, 2013). * Location FedEx main headquarters is in Memphis, Tennessee and the company has also another four headquarters which are located in Ontario, Canada; Guangzhou, China; Miami, Florida; Brussels, Belgium. FedEx also has more than 46,000 drop-off locations all over the country and many other regional hubs to help short and deliver packages. * Capacity Utilizing a hub-and-spoke sorting and distribution system FedEx Express and FedEx ground have the capacity to process 15,000 to 20,000 packages daily. The technology utilized in its 29 hubs helps to speed the process and make it more effective. Operating 675 aircrafts and 75,000 motorized vehicles worldwide, FedEx has the capacity to utilize its transportations and guarantee delivery within 24 to 48 hours. * Internal Policies and Internal Culture FedEx has been known for its outstanding Human Resources programs. The company implemented a no-lay-off policy, minority recruitment efforts, and guaranteed fair treatment practice within the organization. The company’s dedication to its employees and the technology acquired to make employees job more efficient helps empower workers. FedEx has a traditional culture where the company is centralized and very well structured. The most important component of the company is the people and that’s why their philosophy is â€Å"People-Service-Profit†. Market * Market segmentation FedEx target all ages in the market, the service is offered to everyone that needs packages delivered in a short amount of time. Service is offered to all the population in the United States and other countries. Home delivery is a great option for those who are unable to go to a FedEx store. Businesses that are in need of faster document deliveries is also benefited by FedEx because the lines in the stores are normally shorter that the regular UPS stores. Value chain analysis By offering so many options and convenience to customers FedEx has been creating value to the firm’s process. The three overnight options is an example of this value being built to the organization. Customers can choose a First Overnight, Priority Overnight, and Standard Overnight, depending on their necessity. SameDay service is offered as well if packages are up to 70 pounds. FedEx has become the second-largest ground small-package carrier in North America because of its service and its quality. Company current strategy * Generic Strategy One of the things FedEx does to cut cost is hire college students as part time employees and because of the high turnover they don’t need to unionize. FedEx also differentiate from offering home service to customers. For a small fee they can come to your house to pick up the package for you. All the work customers have to do is to get the package ready. This creates convince for customers without leaving their homes. * Corporate Strategy FedEx implemented a customer service-driven strategy to ensure and outstanding customer experience. The implementation of this strategy complements the core value of the organization which is to create a positive customer experience. The strategy has three main components to it. First is putting the customer at the heart of everything they do, second is having outside organizations measure consumer, peer, and industry satisfaction and third is to deliver a positive experience to customers, employees, and communities. Company’s current financial performance * Ratio Analysis In 2012 FedEx had a total current asset of $9,056,000 and a total current liability of 5,347,000. Those numbers led FedEx to a 1.7:1 liquidity ratio (Yahoo Finance). Since 2010 according to yahoo finance we can see that FedEx has more current assets that current liabilities. Currently FedEx holds a profit margin of 4.53 percent turning it into net income and operating margin of 7.35 percent (Yahoo Finance) * Trend Analyses On the last three years according to financial statements, balance sheets and cash flow FedEx profits have been increasing. The company have been making more investments and increasing its assets as well. Industry comparison When comparing FedEx with UPS we can see that the market capital of FedEx of $31.39 billion is smaller than USP of $76.56 billion, however it is higher when compared to the industry which is 923.76 million. FedEx also has a higher number of employees compared to UPS. When comparing revenue and net income, FedEx is still behind UPD by a significant amount of money. As we can see FedEx has been growing and expanding in the market however UPS is still leading the market of group postal service (Yahoo Finance). (Yahoo Finance) Core competencies based on key resources and capabilities Based on the financial statements revised about and the history of the company FedEx does have sustainable competencies and have sustainable competitive advantage in the industry. As mentioned before FedEx core values are focused on the customers and the corporation is trying to deliver a positive experience to customers. Being the second largest ground shipment corporation in the US is alone a sustainable advantage for FedEx. Assessment of Internal Environment * Valuable FedEx is a valuable corporation that has been in the market for many years. It’s loyalty to employees creates a better work environment and helps the organization to be recognized for its values and culture. The service FedEx provides to customers is also essential to everyday life. The commodity it offers and the speediness is convenient not only for individuals but also for many businesses. * Rare The company has some rare aspects to it. The idea of having so many hubs and aircrafts makes the company unique and efficient. Offering SameDay service is a rare option that guarantees service done on time for customers. Also the different options of night shipment and guaranteed money back if package is not delivered on time are a great options and security for customers. * Difficult to imitate The business is not difficult to imitate, the difficulty is the competition and the ability to do make the business successful. It takes time to build relationship and trust with customers and in the economy we live in today it becomes very difficult for businesses to expand as fast as FedEx did. FedEx is substitutable due to the fact that there are other options in the market for customers. However the convenience and practically of its service can possibly be non-substitutable. References FedEx Corporation, 2013. FedEx history. Retrieved from http://about.van.fedex.com/fedex-opco-history FedEx Corporation, 2013. Executive biographies. Retrieved from http://investors.fedex.com/phoenix.zhtml?c=73289&p=irol-govmanage Yahoo, 2013. Key statistics. Retrieved from http://finance.yahoo.com/q/ks?s=FDX+Key+Statistics Yahoo, 2013. Competitors. Retrieved from http://finance.yahoo.com/q/co?s=FDX+Competitors Yahoo, 2013. Balance Sheet. Retrieved from http://finance.yahoo.com/q/bs?s=FDX+Balance+Sheet&annual Yahoo, 2013. Income Statement. Retrieved from http://finance.yahoo.com/q/is?s=FDX+Income+Statement&annual

Political Issues of Animal Farm essays

Political Issues of Animal Farm essays Eric Arthur Blair, better known by his pseudonym George Orwell, is an English author commonly known to write about political issues. Orwell has been highly acclaimed and criticized for his novels, including one of his most famous, Animal Farm. In a satirical form, George Orwell uses personified farm animals to express his views on Stalinism in the novel Animal Farm. Throughout Orwell's early novels, democratic socialism kept the author from total despair of all humans. After his better experience in the Spanish Civil War and the shock of the Nazi-Soviet pact, Orwell developed Animal Farm. The socialism Orwell believed in was not a hardheaded "realistic" approach to society and politics but a rather sentimental, utopian vision of the world as a "raft sailing through space, with, potentially, plenty of provisions for everybody". Animal Farm is a satirical beast fable, which has been heralded as Orwell's lightest, gayest work. It is a novel based on the first thirty years of the Soviet Union, a real society pursuing the ideal of equality. His book argues that this kind of society has not worked and could not. Animal Farm has also been known as a an entertaining, witty tale of a farm whose oppressed animals, capable of speech and reason, overcome a cruel master and set up a revolutionary government. On another, more serious level, it is a political allegory, a symbolic tale where all the events and characters represent events and characters in Russian history since 1917. Orwell uses actual historical events to construct Animal Farm, but rearranges them to fit his plot. Manor Farm is Russia, Mr. Jones the czar, the pigs the Bolsheviks who led the revolution. The humans represent the ruling class, the animals the workers and the peasants. Old Major, the inspiration of the rebellion, is a combination of Marx, the chief theorist and Lenin, the actual leader. Old Major dies before the rebellion just as Lenin did in the Russian revolutio...

Biography of Augusta Savage, Sculptor and Educator

Biography of Augusta Savage, Sculptor and Educator Augusta Savage, an African American sculptor, struggled to succeed as a sculptor despite barriers of race and sex. She is known for her sculptures of  W.E.B. DuBois,  Frederick Douglass,  Marcus Garvey; Gamin, and others. She is considered part of the  Harlem Renaissance arts and culture revival. Early Life Augusta Christine Fells Savage  lived from February 29, 1892, to March 26, 1962. She was born Augusta Fells in Green Cove Springs, Florida to Edward Fells and Cornelia (Murphy) Fells. She was the seventh of fourteen children. As a young child, she made figures out of clay, despite religious objections of her father, a Methodist minister. When she began school in West Palm Beach, a teacher responded to her clear talent by engaging her in teaching classes in clay modeling. At college, she earned money selling animal figures at a county fair. Marriages She married John T. Moore in 1907, and their daughter, Irene Connie Moore, was born the next year, shortly before John died.  She married James Savage in 1915, keeping his name even after their 1920s divorce and her remarriage to Robert L. Poston in 1923 (Poston died in 1924). Sculpting Career In 1919 she won an award for her booth at the county fair in Palm Beach. The fairs superintendent encouraged her to go to New York to study art, and she was able to enroll at Cooper Union, a college without tuition, in 1921. When she lost the caretaking job that covered her other expenses, the school sponsored her. A librarian found out about her financial problems, and arranged for her to sculpt a bust of African American leader, W.E.B. DuBois, for the 135th St. branch of the New York Public Library. Commissions continued, including one for a bust of Marcus Garvey. During the Harlem Renaissance, Augusta Savage enjoyed growing success, though a 1923 rejection for a summer of study in Paris because of her race inspired her to get involved in politics as well as art. In 1925, W.E.B. DuBois helped her get a scholarship to study in Italy, but she was unable to fund her additional expenses. Her piece Gamin brought attention, resulting in a scholarship from the Julius Rosenwald Fund, and this time she was able to raise money from other supporters, and in 1930 and 1931 she studied in Europe. Savage sculpted busts of Frederick Douglass, James Weldon Johnson, W. C. Handy, and others. Succeeding in spite of the Depression, Augusta Savage began to spend more time teaching than sculpting. She became the first director of the Harlem Community Art Center in 1937 and worked with the Works Progress Administration (WPA). She opened a gallery in 1939, and won a commission for the 1939 New York Worlds Fair, basing her sculptures on James Weldon Johnsons Lift Every Voice and Sing. The pieces were destroyed after the Fair, but some photos remain. Education Overview Florida State Normal School (now Florida A M University)Cooper Union (1921-24)with sculptor Hermon MacNeil, ParisAcademie de la Chaumiere, and with Charles Despiau, 1930-31 Retirement Augusta Savage retired to upstate New York and farm life in 1940, where she lived until shortly before her death when she moved back to New York to live with her daughter Irene.​

Medeas Monologue by Euripides (Mother Character)

Medeas Monologue by Euripides (Mother Character) In one of the most chilling monologues in all of Greek Mythology, Medea seeks revenge against the heroic yet callous Jason (the father of her children) by killing her own offspring. Found in the play Medea by the Greek writer Euripides,  this monologue offers an alternative to the traditional female monologues found in classic literature. In the play, Medea kills her children (offstage) and then flies away on the chariot of Helios, and while many have argued that this play demonizes women, others contend that Medea represents literature’s first feminist heroine, a woman who chooses her own destiny despite the hand she was dealt by the gods. Although not the typical  mother character monologue, Madeas monologue  is deeply expressive of the difficulty and multiplicity of the emotions love, loss, and revenge, making it a truly excellent audition piece for female actors who want to convey their ability to portray a depth of complex emotions. Full Text of Medeas Monologue Taken from an English translation of the Greek play by  Shelley Dean Milman  found in The Plays of Euripides in English, vol ii, the following monologue is delivered by Medea upon discovering Jason has left her for the princess of Corinth. Upon this realization that shes been left alone, Madea attempts to take control of her own life and says: O my sons!My sons! ye have a city and a houseWhere, leaving hapless me behind, withoutA mother ye for ever shall reside.But I to other realms an exile go,Ere any help from you I could derive,Or see you blest; the hymeneal pomp,The bride, the genial couch, for you adorn,And in these hands the kindled torch sustain.How wretched am I through my own perverseness!You, O my sons, I then in vain have nurtured,In vain have toiled, and, wasted with fatigue,Suffered the pregnant matrons grievous throes.On you, in my afflictions, many hopesI founded erst: that ye with pious careWould foster my old age, and on the bierExtend me after death- much envied lotOf mortals; but these pleasing anxious thoughtsAre vanished now; for, losing you, a lifeOf bitterness and anguish shall I lead.But as for you, my sons, with those dear eyesFated no more your mother to behold,Hence are ye hastening to a world unknown.Why do ye gaze on me with such a lookOf tenderness, or wherefore smile? for theseAre your last s miles. Ah wretched, wretched me!What shall I do? My resolution fails.Sparkling with joy now I their looks have seen,My friends, I can no more. To those past schemesI bid adieu, and with me from this landMy children will convey. Why should I causeA twofold portion of distress to fallOn my own head, that I may grieve the sireBy punishing his sons? This shall not be:Such counsels I dismiss. But in my purposeWhat means this change? Can I prefer derision,And with impunity permit the foeTo scape? My utmost courage I must rouse:For the suggestion of these tender thoughtsProceeds from an enervate heart. My sons,Enter the regal mansion.  [Exuent SONS.]  As for thoseWho deem that to be present were unholyWhile I the destined victims offer up,Let them see to it. This uplifted armShall never shrink. Alas! alas! my soulCommit not such a deed. Unhappy woman,Desist and spare thy children; we will liveTogether, they in foreign realms shall cheerThy exile. No, by those avenging fiendsWho dwell w ith Pluto in the realms beneath,This shall not be, nor will I ever leaveMy sons to be insulted by their foes.They certainly must die; since then they must,I bore and I will slay them: tis a deedResolved on, nor my purpose will I change.Full well I know that now the royal brideWears on her head the magic diadem,And in the variegated robe expires:But, hurried on by fate, I tread a pathOf utter wretchedness, and them will plungeInto one yet more wretched. To my sonsFain would I say: O stretch forth your right handsYe children, for your mother to embrace.O dearest hands, ye lips to me most dear,Engaging features and ingenuous looks,May ye be blest, but in another world;For by the treacherous conduct of your sireAre ye bereft of all this earth bestowed.Farewell, sweet kisses- tender limbs, farewell!And fragrant breath! I never more can bearTo look on you, my children. My afflictionsHave conquered me; I now am well awareWhat crimes I venture on: but rage, the causeOf woes most grievous to the human race,Over my better reason hath prevailed. Even Euripides contemporaries found the monologue and play to be shocking to the Athenian audiences at the time, though this may have stemmed more from the artistic liberties Euripides took in retelling Medeas story- the children historically were said to have been killed by the Corinthians, not by Medea- and the play itself was ranked third of three at the Dionysia Festival where it premiered in 431 B.C.

Nuclear Power Essay Example | Topics and Well Written Essays - 250 words - 1

Nuclear Power - Essay Example In addition, nuclear power provides steady electricity that significantly helps in the reduction of frequent power outages usually experienced in areas with no nuclear energy. The alternative energy sources such as solar, wind, hydroelectricity, geothermal, wave, and tidal power lacks the capacity to deliver reliable and cheap power the world needs (McLeish, 2007). Hence, the world and humanity can no longer overlook nuclear power due to its potential to reduce the emission of greenhouse gases. Besides, accidents that are associated with nuclear energy are relatively low compared to those resulting from fossil fuels and other energy sources. In addition, nuclear power is more consistent and dependable compared to several alternative sources of energy. It is obviously difficult to use water or wind power consistently because quite often there is no enough water or wind (McLeish, 2007). Solar panels can also be too expensive. Lastly, nuclear energy is arguably the alternative of fossil fuel. Continuous use of fossil fuels could result in more global warming and more deaths, particularly when they are eventually used up. In summary, nuclear power is the best energy option for the world because it is safe, consistent, reliable, and reduces carbon emissions into the atmosphere. Hence, it should be a way to go as the next source of energy or an alternative of fossil

Determinants of Job Perfomance Essay Example | Topics and Well Written Essays - 750 words

Determinants of Job Perfomance - Essay Example Once the employee possesses the basic requirement of knowledge and skills, the level of performance can be set against the standards provided by the office and, therefore, it becomes a determinant of job performance. According to the explanations by University of Human Resource Services (Feb. 2005), job performance is the kind of expectations for a particular duty of the employee. It is the expected outcome of how the job is to be done. It is the observed behavior of the personnel on how they performed the work assigned to them. Job performance is often described on the basis of results whether it is very satisfactory, satisfactory, unsatisfactory or very unsatisfactory. I believe that knowledge and skills are the primary requirements in determining job performance because it is the regular requirement expected from everyone. Knowledge and skills are the set of common standards and behaviors that are expected from all personnel. For instance, all supervisors or employees are expected to do similar work or everyone in the unit may be expected to perform similarly around several functions, sales agents are expected to make sales for the company, customer service agents or call center representatives are required to respond to customers, and they should have the basic knowledge in performing of what is expected of them. Knowledge and skills are in line with the expectancy theory that is based on the perceived effort relationship. Quick MBA (n.d.) explains work performance is based on past experiences, self confidence and difficulty of the performance goal. Sheridan, Slocum and Byung, (Feb. 1975) concluded in their study that the expectancy theory model is a valid indicator of job performance. When an employee believes that he is working at a significant project is and contributing to its successful completion, he is inspired to work better. Another author, A. Grant (2008), said in his study that the significance of the task increases work performance. This leads m e to conclude that mental ability to understand the work assigned to the employee is an indicator of job performance. Knowledge of the job is further divided into two categories. These are the declarative knowledge, and procedural knowledge. For instance, declarative knowledge includes knowledge of principles, facts, ideas, etc. (Turban, E., and J. Aronson, 1988). This becomes an indicator of job performance because the employee can apply to the work situations his particular knowledge of the principles. A manager should have the ability to see the big picture be able to create innovative ideas. A manager is expected to integrate concepts, apply different solutions, methods and approaches to the day to day operations. A manager thinks horizontally and simultaneously, and knows how to ask and answer questions. He should know how to challenge and to innovate strategies. In the same way, individual personnel are expected to give their utmost skills and competency in the process. As dif ferentiated from declarative knowledge, procedural knowledge is the type of knowledge someone has and demonstrates it by doing the actual job (Wise Geek, n. d.). For instance, as demonstrated in Wise Geek, procedural knowledge is knowing how to do things. In accounting, balancing of accounts has some procedures and is called procedural method that has a

Family Law Degree Essay Example | Topics and Well Written Essays - 2500 words

Family Law Degree - Essay Example This is clear from the Matrimonial Causes Act of 1973. In this case, Naomi may file a petition for ancillary relief, in particular an order for maintenance pending suit pursuant to 2.53 of The Family Proceeding Rules 1991. It must be made clear that though a divorce terminates a marriage, it does not terminate the relations of the spouse to each other, in the sense that the court may validly order one spouse to financially support the other, particularly if there is a disparity in financial resources. Upon receipt of the application for ancillary relief, the court fixes a first appointment and then provides notice to both parties, particularly to the spouse from whom support is demanded. This is to ensure that the requirements of due process are met. Interim orders may also be made by the court in cases wherein the immediate financial assistance is needed. Naomi can avail of this remedy to ensure that her needs are met and she receives uninterrupted support. Of course, Naomi must present evidence to prove that she is indeed in need of financial support. This is to prevent turning an already-painful divorce process into an opportunistic game. The evidentiary requirements may be found in the Family Proceeding Rules 1991. Pursuant to these Rules - 2.58-(1)A ... General provisions as to evidence etc on application for ancillary relief 2.58-(1)A petitioner or respondent who has applied for ancillary relief in his petition or answer and who intends to proceed with the application before a district judge shall, subject to rule 2.6 7, file a notice in Form M 1 3 and within four days after doing so serve a copy on the other spouse. (2)Where an application is made for ancillary relief, not being an application to which rule 2.61 applies, the notice in Form M I I or M 1 3, as the case may be, shall unless otherwise directed be supported by an affidavit by the applicant containing full particulars of his property and income, and stating the facts relied on in support of the application. (3)Within 28 days after the service of an affidavit under paragraph (2) or within such other time as the court may fix, the respondent to the application shall file an affidavit in answer containing full particulars of his property and income. Naomi may also petition the Court for an issuance of a maintenance order, which will allow Joshua to pay her in increments. A maintenance order may be nominal or specific. It is nominal if there is uncertainty as to the capacity to pay of the respondent and there is a need to keep the action alive. It is specific if definite dates have been set. Moreover, though Naomi and Joshua have been married for only through years, the she is entitled to the same rights as a spouse after a long-term marriage. This is clear in a very recent House of Lords decision. In the case of Miller v. Miller (2006 UKHL 24), the Court held that the benchmark for division should be equal shares, and the length of a marriage should not be a consideration. Three main considerations should be looked upon - financial needs,