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Published: 2021-06-22 00:47:43
essay essay

Category: Business, Family, Profession, Company, Life, World, Strategy

Type of paper: Essay

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Question 1:
The success of any business strategy depends on how focused and clear the ultimate goal is. Life strategies are similar to those of companies, and it is critical for people to know what they would like to achieve in order to develop a life strategy. My personal focus is the people around me, both my team and my family. In my opinion, building strong relationships based on trust and mutual respect is critical in every aspect of life. Therefore, at work I try to inspire my team and to work together towards common objectives, while I also try to maintain a healthy work-life balance and to remain focused on my family. While it is hard to maintain equilibrium between personal and professional lives, as well as it is always a challenge to be a true leader rather than a supervisor, my goal is to make sure that I never have to sacrifice my beliefs or the interests of my family in favour of professional achievements, and that people in my team get inspired and not pushed to deliver results.
Question 2:
It is hardly possible to predict the future of the business 15 years from now as the world is changing at an incredible pace every day. While globalization has been the motto of the past few decades, the global economic crisis of 2009 has demonstrated that world integration is not as irreversible as we used to think about it. Today companies and countries have become more cautious in their global expansion and emphasize sustainability of development rather than fast revenue generation. In addition to that, future business environment is likely to be characterized by resource scarcity, therefore companies will dedicate more efforts to creating more efficient technology and to employing renewable sources of energy. These changes will directly affect FedEx and introduce new challenges in my current tasks. The continuous increase in fuel prices combined with more efficient IT technologies and continuous cost pressures make it harder for the company to remain competitive in the market. Therefore, it is crucial to prepare for the upcoming future already now by looking into alternative products and services that could be offered to our customers, by differentiating from competitors and by working closer with the clients to identify the areas of potential improvement.

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