FedEx战略分析我的MBA作业.docx
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FedEx战略分析我的MBA作业
FedExCorporation
StrategicManagementProject
Preparedby:
SANJOSECONSULTINGGROUP:
BillyCRANE
BradLANDTHORN
BobMIRI
JeremyRELPH
ChrisSANCHEZ
AndreaVERNEROVA
December9,2003
TABLEOFCONTENTS
EXECUTIVESUMMARY………………………………………………………………3-5
ChapterI:
HISTORY………………………………………………………………6-9
ChapterII:
EXTERNALANALYSIS……………………………………………….9-15
A.IndustryLifeCycle
B.IndustryDynamics
C.Porter’sFiveForces
D.GlobalCompetition
E.NationalContext
F.OpportunitiesandThreats
ChapterIII:
INTERNALANALYSIS………………………………………………16-23
A.CompetitiveAdvantage
B.DistinctiveCompetencies
C.Strategies
D.FourBuildingBlocks
E.Strengths
F.Weaknesses
G.Image
ChapterIV:
BUSINESS-LEVEL………………………………………………………23-28
A.BusinessLevelStrategy
B.IssuesinDifferentiation
C.TargetingCustomerNeeds
D.MarketSegmentation
E.DifferentiationofQuality
F.DifferentiationinWorld
G.AdvantagesofDifferentiation
H.ImpactofStrategy
ChapterV:
VALUECHAIN………………………………………………………28-34
A.ValueChain
B.ProductTechnology
C.ImpactofNationalContextofIndustry
D.ResponsetoDifferencesAmongNations
E.GlobalDimensionsofStrategy
ChapterVI:
CORPORATE-LEVELSTRATEGY……………………………………….35-41
A.FedexCorporation
B.Express
C.Ground
D.NewOfferings
E.HorizontalIntegration
F.VerticalIntegration
G.FillintheBlanks,H.WhiteSpaces
I.PremierPlus10,J.MegaOpportunities
REFRENCES…………………………………………………………………42-44
EXECUTIVESUMMARY
DuringoneofhistwocombattoursinVietnam,FederalExpressCEOFrederickSmithgotaquicklessoninsurvivalfromacrustyMarinesergeant.“Lieutenant,”thesergeanttoldSmith,“there’sonlythreethingsyougottaremember:
shoot,move,andcommunicate.”(Fortune,Nov.1997)
Somethirtyplusyearslater,andatthehelmofonetheshippingindustry’slargestcompetitors,Smithhasutilizedthatsametacticaladviceinthebusinessworld.HismaneuveringofFedExhasincorporatedanaggressiveshootingstrategyasthecompanyhasemergedintonumerousshippingregionsaroundtheworldsuchasAsia,andfurthermore,FedExcontinuouslyhasbeenpursuinganddevelopingasolidfoundationandinfrastructureforthecompanyanditsfuture.OneexampleistheadditionofanewhubinthePhilippines,atSubicBay.Hismovementhasguidedthecompanytoinnovateitsproductsanddevelopwiththeneedsofitscustomers.Finally,theuseofcommunicationhasemergedasoneofthecompany’sgreatestcompetencies,notonlywithcustomers,butinternallyaswell.“FedExhasalwaysbeenatechnologytrailblazer,andthesuccessofistestamenttothat.”ThecompanywasoneofthefirsttoharnessthepoweroftheInternet,launchingitsWebsitein1994withaboldnewpackagetrackingapplicationoneofthefirsttruecorporateWebservices.Soonafter,FedExbecamethefirsttransportationcompanywithWebsitefeaturesthatallowedcustomerstogeneratetheirownuniquebar-codedshippinglabelsandrequestcourierstopickupshipments.FedExGroundistakingadvantageofthewirelessLANtechnologybyexpeditingthemovementofshippinginformationfromdeliveryworkers'terminalstoacentraldatabase.
ItiswiththesetacticsalongwithFedExstrongcompetenciesandworldwideinfrastructure,whichwillbediscussedinfurtherdetailhereafter,thatwillfosterthecompaniessuccessandeventualcompetitiveadvantageinyearstocome.
FedExprovidesmanybenefitstoitscustomers.Theshippingindustry,however,isoneofextremecompetition.Notonlyarecustomersconfrontedwiththechoiceofcarrier,theyarealsoconfrontedwithachoiceofmeansofshipment.Itisfurthercomplex,asthepricingstrategyofthesectorhascompanies,forinstance,wholeadcostinoneformofshipmentsuchasgroundandfollowinanotherformofshipmentsuchasinternationaldelivery.
FedExforesawtheimportanceofdifferentiationearlyon,asdidmostofthesectorplayers.FedExrealizedthatitwasintheinformationbusiness.CustomersarenotonlyconcernedwiththeproductgettingfrompointAtoB,butfurther,areinterestedintheknowledgeofwherethecargooriginatedfrom,itspresentwhereabouts,destination,estimatedtimeofarrival,priceandcostofshipment.Alltheseelementsarejustasimportanttosomebusinessesandconsumersasreceivingasafedelivery.Tosupportthisneed,anddifferentiateitselffromcompetitors,FedExcreatedstate-of-the-arttechnologyforcustomerstotrackandvalidateshipments.Shipmentsarevirtuallytraceablefromtheirorigintotheirdestinationallwiththeconvenienceofthepersonalcomputer.Additionally,FedExhasforecastedtheimportantstrategictrendofacontinuouslyglobalshippingmarket.Thedifferentiationofproductsisacontinuousprocessinthiscompetitiveindustryasinnovationsareoftenquicklyimitated.FedExstrivestodevelopinnovationsandlistenstocustomerswantsandneeds.
Furthermeetingtheneedsofcustomersworldwide,thecompanyhasinvestedextensivelyinglobalinfrastructure.Fedexconnectssomeofthemostimportantareasoftheworldthatmakeup90%oftheworld’sgrossdomesticproduct,someofthenewhubswerebuiltinthePhilippinesatSubicbayandinEuropeatCharlesdeGaulle,inParis.ParticularemphasishasbeenplacedongainingastrongpresenceinthespawningAsianmarket.CountriessuchasChina,whichhadbeenpredominantlyexportingcountries,arenowlargeimportersofgoodsfromallpartsoftheWorld.Since1984theyhaveexpandedservicetoover300citieswithinChina.(BusinessSourcePremier)
Itiswiththiskeensenseof“thebigpicture”thatFedExfindsitselfwithoutacurrentsustainedcompetitiveadvantagewithintheshippingindustry.TheFedexreturn-on-equitypercentageof10%fallsfarbelowtheindustryaverageofnearly20%.Thecompanyhasinvestedheavilyinaircraftanddevelopmentofstrategicworldwideairlinehubs.In1997,FedExforesawtheopportunityofInternetcommerceanditsimplicationsontheshippingindustry.ItisthissameintuitionthatweattheSanJoseConsultingFirmbelieveFedExispositioningthemselvesasthefutureleader,withsustainedcompetitiveadvantage,intheinternationalmarketoftheshippingindustry.
TheextensiveinfrastructureandresourcesFedExhascompiledarequiteimpressive.Thecompanyhasaddedseveraloptimumhubs,theEuroOneHubinParis,theAsiaOneHubatSubicBay,andthenewIraqhubtoincreasethereachandaccessibilityinblossomingneweconomiesandmanufacturinglocations.Thisinfrastructure,coupledwithFedEx’scontinuousinnovationsandfulfillmentofcustomersneeds,iswhatwillcreatecontinuedsuccess,andeventualsectorcompetitiveadvantageintheyearstocome.
ChapterI:
HISTORY
KeyeventsanddatesinthehistoryofFedExCorporation.
(Initalics:
theentryofFedEx’smajorcompetitor,UPSCorporation.)
1907–UPScreatedbyJimCaseyastheAmericanMessengerCompanyinSeattle,Washington.
1953-UPSresumesairoperations.BlueLabelAirprovidestwo-dayservicetoChicago,Detroit,andseveralmajorcitiesontheeastandwestcoasts.
1957-UPSservesareasoffivestateswithin150-mileradiusofChicago.
1971–FederalExpressCorporationisfoundedinLittleRock,Arkansas.
FrederickSmithrealizedthetremendousneedforonetotwodaypackageandair-freightdeliverythatwasbetterthanthecurrentdistributionsystem.
1973-FederalExpressrelocatesoperationstoMemphis,Tenn.
Onthefirstnightofcontinuousoperation,389FederalExpressemployeesand14aircraftsdeliver186packagesovernightto25U.S.cities—andthemodernair/groundexpressindustryisborn.
1975-FederalExpressinstallsthefirstFederalExpressDropBox.
1975-UPSforges"GoldenLink,"becomesfirstpackagedeliverycompanytoserveeveryaddressinthe48contiguousUnitedStates.
1977-AftertwoyearsoflobbyingledbyFederalExpress,CongresspassesPublicLaw95-163enablingFedExandothercargoairlinestouselargeraircraftwithnogeographicrestrictionsonroutes.
1977-UPSprovidesairservicetoall50U.S.States
1978-FederalExpressCorporationislistedontheNewYorkStockExchange;tickersymbolisFDX.
1981-FederalExpressintroducestheOvernightLetter.
FederalExpressbeginsinternationaldeliverywithservicetoCanada.
FederalExpressopensitsSuperHubadjacenttoMemphisInternationalAirport.
1981–UPSpurchasedfirstaircraftforuseinairdeliveryservice.
1983-FederalExpressbecomesthefirstU.S.companytoreachrevenuesof$1billionwithoutmergeroracquisition.
1984-FederalExpressacquiresGelcoExpressInternationalandlaunchesoperationsinAsiaPacific.ThefirstPC-basedautomatedshippingsystem,laternamedFedExPowerShip®,isintroduced.
1985-RPSInc.(nowFedExGround)isfoundedinPittsburgh,Pa.,andintroducesbarcodelabelingtothegroundtransportationindustry.
1985–UPSstartedinternationalairservicebetweenU.S.andsixEuropeancountries.
1986-FederalExpressintroducestheSuperTracker®,ahand-heldbarcodescannersystemthatcapturesdetailedpackageinformation.
1989-FederalExpresspurchasesFlyingTigerstoexpanditsinternationalpresence.
1990-FederalExpressbecomesthefirstcompanytowintheMalcolmBaldrigeNationalQualityAwardintheservicecategory.
1990–UPS-firstscheduledflightstoAsiaonUPSaircraft.
1992–UPS-electronictrackingofallgroundpackagesbegins.
1992-UPSisdeliveringtomorethan200countriesandterritories;delivering11.5million
packagesanddocumentsadayformorethanonemillionregularcustomers.
1993-RPS(nowFedExGround)exceeds$1billioninannualrevenueini