The Fundamental Concept of Innovation and Organizational Strategy at FedEx Free Essay Example, 2250 words

FedEx is faced with a lot of opportunities, threats, and challenges that require much analysis and action. Innovation is a very important ingredient that ensures the success of operations in the present business world (Hill, 2010). In this regard, FedEx has always been at the forefront in seeking means and ways of creating value and differentiating its services from those of the competitors in the market. It is much imperative to realize that the success of FedEx over the years has always been hinged on the various aspects of innovation instituted by the organization. Indeed, innovation is at the core of the organization and the future success of the organization still largely depends on its strategies with regards to innovation. Through its effective human resource management program, the organization has always ensured that employees are the most critical asset of the organization. This is actually important considering that FedEx is a service provider corporation where the employ ees play a great role in the operations. Through the effective employee management policy in place, there has always been the development of new products and services through brilliant ideas from the employees (Birla 2005). We will write a custom essay sample on The Fundamental Concept of Innovation and Organizational Strategy at FedEx or any topic specifically for you Only $17.96 $11.86/pageorder now The culture of innovation at FedEx was created by its very founder Fredrick Smith. Currently, all employees at FedEx are tasked with finding new ways through which customer satisfaction can be enhanced by the organization. There is indeed much opportunity to be realized in this regard. Considering the thousands of employees the organization has across the world and the diversity of these employees, it certainly implies that there is much opportunity for innovation with respect to the employees of the organization. The FedEx institute of technology is one of the most effective ways through which innovative ideas can be developed in the corporation. The institute focuses on science, business, and industry-sectors which FedEx effectively seeks to maximize.