Acceptance must be communicated by the offeree or somebody who is authorised by the offeree. Operation of Postal Rule When contracting parties are bargaining at a distance‚ typically via mail‚ problem may arise because the parties could not know at the same time whether they had formed a contract. Therefore‚ a general rule indicating the time of an effective acceptance was established. The postal rule was created for convenience and certainty. It is an exception to the general rule. As established
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“Fed Ex‚ the Shipping King” Jose A. Tinajero Park University LG312 Fed Ex‚ the Shipping King FedEx Corporation is an American global courier delivery service company headquartered in Memphis‚ Tennessee. The name "FedEx" comes from the name of the company ’s original air division‚ “Federal Express”‚ which originated in1973 and was used until 2000. “Fed Ex” is known for delivering packages on time to almost anywhere in the world. Whether it’s
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It initially started on deparment stores but later expanded the air delivery in 1940. It strongest period of growth was during the post world war II‚ when the economic boom occurred. By 1976‚ UPS began service in West Germany‚ and was able to deliver to every address in the continental United States. The key success of UPS is its effiency‚ which is reflected by the punctuality of its employees. Its employees however casue UPS to lose an estimated 700 million in 1997 due to a strike they conducted
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Introduction 2 1.0 Measurements of success 2 2.0 Reasons underpinning FedEx Corporation’s success 4 2.1 Strong Brand Image 4 2.2 Employee Service and Customer-oriented 4 2.3 The innovation technology 4 2.4 Innovative Culture 5 2.5 Strong Infrastructure 5 2.6 Large customer base and customer loyalty 6 3.0 Strategy Capability 6 3.1 Value chain 6 3.2 VRIN framework 9 3.2.1 Value: 9 3.2.2 Rarity: 9 3.2.3 Inimitability: 10 3.2.4Non-substitutability: 10 4.0 International Strategy 11 5.0 Leadership of FedEx
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amongst consumers‚ the industry has adopted practices that have allowed it to perform more efficiently in terms of geographic scaling‚ product assortment of goods being transported‚ meeting customers varying needs‚ as well as enhancing the range of service options that carriers offer. Prior to 1997‚ the concept of “express delivery” was a new phenomenon to the marketplace and served as a small and marginally profitable business venture. Traditionally‚ a small proportion of mail and packages were
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ensuring that those who spent considerable time and effort in becoming licensed in cosmetology that they were the ones striving in the business not the unlicensed individuals. Yet‚ though state level is true‚ federally the government itself does not like competitive market. This is true when looking at the U.S. postal service vs. FedEx where Congress has issued anyone delivering first class by FedEx is mandated to a postage stamp tax. Overall‚ with all the many examples that are given in the chapter its
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IS strategy. Fred Smith founded FedEx Corporation formerly known as Federal Express in 1973 in Memphis‚ Tennessee. An Express Transport and Logistics company‚ Federal Express was joining a domestic market dominated by the US Postal Service and UPS (United Parcel Service). Fred Smith understood for the company to prosper‚ he had to embrace technology and use it strategically to improve his business. Smith understood the importance of information in his industry‚ his vision being: "information
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EXECUIVE SUMMARY Summary Analysis: Airborne express has been making good profits for few years now and has 16% of express mail market share. The company follows the “best cost provider” strategy‚ meaning provides best price to the customer compared to rivals by maintaining good product attributes. Another key strategy of the company is focus on niche markets. The company ensures to have a sustainable competitive edge in the market by providing the lowest cost. However‚ the competition from
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ASSESS the impact on stakeholders of the privatisation and flotation of the Royal Mail Established in 1516‚ Royal Mail is a postal service business‚ based in London‚ UK. Royal Mail had always been a public service for most of its history‚ considered to be a government department. However‚ with the rise of E-mail and the online social networks‚ there has been a torrential fall in the volume of letters‚ which was once the major business of Royal Mail. Faced with great financial hardship‚ Richard Hooper
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of the main points of the book is how anyone can be passionate about their work no matter what they do. The original Fred story is a great example of this. Learning about a US postal service worker and how he was able to affect so many of his customers in such a positive way is such an encouraging story. Being a postal worker is a position that most anyone could attain and using something as non-glamorous as this position illustrates the main point that anyone in any position can be inspirational
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