BPSM (FedEx-UPS) Creating Value at FedEx and UPS From the company’s founding close to 30 years ago‚ FedEx’s strategic competitiveness has been based on an obsession with‚ and careful nurturing of‚ delivery speed and reliability as its core competencies. These competencies have been critical to the pursuit of the opportunities that were associated with Frederick W. Smith’s early vision of today’s fast-cycle global economy. Believing that value could be added to business firms’ operations if
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The leader of a shared inquiry discussion doesn’t only prepare the interpretive questions that initiate discussion but it regulates its flow. They challenge participants unclear‚ factually inaccurate or contradictory statements. They also follow up on participants answers ask for evidence and invite further responses. If participants drift from the main point it is the leaders responsibility to bring their attention back with a question. Leaders must notice when a question has been resolved and then
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What is shared governance? It is an organization type that facilitates empowerment of nurses in the decision making process of patient care. As cited by Weiss and Tappen (2015)‚ “Having some control over one’s work and the ability to influence decisions are essential to empowerment (Manojlovich & Laschinger‚ 2002)” (Weiss & Tappen‚ 2015) With shared governance nurses have more opportunity to improve their patient care because their voices and concerns are heard. In the article titled “Encouraging
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About The Author Michael E. Porter is the C. Roland Christensen Professor of Business Administration at the Harvard Business School. He has received the Wells Prize in Economics‚ the Adam Smith Award‚ three McKinsey Awards and numerous other honours. Introduction This is an interesting book on Business strategies and a must read for everyone who is or aspires to hold a role of decision making in any business. The book centres around the strategies that a company should implement while struggling
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essence goals of all industries. Nowadays‚ Porter ’s Five Forces model is currently being adopted as the powerful management tool of choice by many organizations. The essence of this model is that it can help senior managers to make right decision and build and sustain competitive advantages in the organization level. This document presents the overview approach of Porter¡¦s five forces framework across organizations. And critically evaluation of porter¡¦s five forces model mainly focused on identifying
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Inspiring a shared vision When it comes to inspiring a shared vision‚ I have an easier time with envisioning the future than I do with enlisting others. I think and imagine with the utmost optimism‚ assuming all people can and will reach their maximum potential. I envision a utopia of independently motivated people who learn for the sake of learning and achieve for intrinsic satisfaction. This is typical pacesetting leadership. My strength in this area is due to my enthusiasm and excitement
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Shared Theme In my opinion‚ the shared theme across all of the texts and movies we viewed is that they all have something to do with the freedom and history of African American people. What African Americans went through in the 1900’s was very unlawful and unfair‚ they were beaten‚ killed‚ and thrown in jail. Just for trying to do what’s right. For example‚ In the Freedom Walker’s book I read‚ it was about the Montgomery‚ Alabama bus boycott‚ and how thousands of black people protested against segregated
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Michael Porter ’s 1979 framework uses concepts developed in IO economics to derive 5 forces that determine the attractiveness of a market. Porter referred to these forces as the microenvironment‚ to contrast it with the more general term macroenvironment. They consist of those forces close to a company that affect its ability to serve its customers and make a profit. A change in any of the forces normally requires a company to re-assess the marketplace. Four forces -- the bargaining power of customers
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The correlation’s between Kaplan and Norton’s “Mastering the Management System” and Porters “Five Competitive Forces that Shape Strategy” are significant. Managers need to have a complete understanding of their company’s surroundings in order to change their strategy. These two articles combined could be considered a 2-step process in itself. Step one‚ analyzing the environment of an industry utilizing Porters Five Forces model and step two‚ following the five stages laid out by Kaplan and Norton
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Porter Five Forces Analysis One of the most effective ways to measure the level of attractiveness of medical device industry is Porter Five Forces Analysis. According to porter (2008)‚ there are five forces that influence the level of profitability of any industry; therefore‚ companies must obtain sustainable competitive advantage in order to survive. These forces are rivalry‚ threat of substitutes‚ threats of new entrants‚ supplier power‚ and buyer power. (Porter‚ para 3) Rivalry The medical
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