Capstone Essay Example | Topics and Well Written Essays - 2000 words - 3

Capstone - Essay ExampleAccordingly, the organizations mission program line also addresses the establishment of prosperous and beneficial relationships with both internal and external groups that ar associated with the activities of the business such as its employees, suppliers and other partners (FedEx Corporation 2013a). Not lonesome(prenominal) does the mission statement of the company depict the organizations commitment towards its primary stakeholders but it also provides a roadmap for the management and the employees as to how FedEx Corporation aims to channelize its business activities. As indicated by the formulation of the organizations mission statement, the vision statement and mission statement of a company often fight messages or meanings that are one and the same while in other scenarios the vision statement portrays a companys aspirations or what it hopes to achieve in the future (Secord 2003). According to FedEx Corporation (2013a) the organization intends to ser ve its customers in the best manner possible by identifying the exclusive requirements of each market segment. The presence of this clause in the organizations mission statement has been the driver of FedEx Corporations successful service to its global clientele which displays varying needs. For example, the initiation of takeovers in countries such as Brazil, Mexico and India in the recent years has been prompted by the organizations dedication to accommodate evolving customer needs (FedEx Corporation 2012). 2. Analyze the louvre (5) forces of competition to determine how they impact the company. Porters Five Forces model operates as an effective and comprehensive framework for identifying, analyzing and evaluating the possible opportunities and threats to a company which are posed by various competitive forces within the industry ( cumulus and Jones 2007). On the basis of this understanding, the framework outlines five key areas of competition that play a profound role in the f ormulation and execution of strategies to effectively address the outlined threats and successfully capitalize on opportunities. Bargaining Power of Suppliers The nature of FedEx Corporations activities and the scale of its operations demands regular interaction with several suppliers that are located across the globe. The companys suppliers are identified as fuel suppliers, producers of tape drive materials and airplane manufacturers (Berger 2011). Berger (2011) states that dominant fuel suppliers command strong bargaining power over the organization because of the unavailability of substitutes which greatly limits the organizations ability to fasten in successful negotiations in order to lower operating expenses. Similarly, the aircraft manufacturing industry displays an oligopolistic situation with Boeing and Airbus being the primary suppliers of aircrafts which lends significant bargaining power to the manufacturers (Berger 2011). Contrary to this observation, Berger (2011) id entifies that producers of merchant vessels materials exhibit only limited bargaining power because FedEx Corporation has the option of choosing its designated suppliers amongst several companies in a market that is highly competitive. Bargaining Power of Buyers Hill and Jones (2007) comment that bargaining power of buyers is subject to change as per the changes in the external environment. In the case of FedEx Corpora