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Lesson #5: Be Flexible Enough To Change With The Times
“The third underlying element of the FedEx culture, after the philosophy and the continuous improvement management system, has been the focus on change,” says Smith. “As time changed and markets changed and peoples’ expectations changed, we changed with them.”
Commitment Based Management
As we move into this new century, we can look back and see that the very nature of work has changed dramatically in the last 50 years, yet our practices of management are essentially unchanged from WWII. What we have done is add technology to a set of practices that were intended to be effective in a time when mass factory production and agriculture made up 95% of the global economy. Unfortunately these same practices are still standard at business schools and big companies around the word.

Other economic structure Related Articles

Structure Builds Confidence
You have probably had some sort of structure to your day ever since first grade. Even having breakfast in the morning, lunch at noon and dinner in the evening gives form to your day. Why is this useful? How will having a structure help the business owner and/or the career changer?
Sole Proprietor Or Partnership? The Pros And Cons Of Each
When getting your new business started, one of the most important decisions will be the choice of a legal structure that best suits your needs and the needs of your particular business. In today's article we will explain what a sole proprietorship means and how it may best suit your business structure, as well as finding out if a partnership may be right for you.

Which Company Structure is Right for You?
Which company structure is right for you? - For brand new entrepreneurs who are looking to start a business, the question of company structure will come up at some point. The names are well known – sole proprietorship, partnership, limited liability company, corporation – but the differences between these four types are not always common knowledge. In this article, you'll read about the four types of structures. You'll learn briefly what characterizes each one, how income flows through to the owners, and what kind of legal implications there are. This article can be a starting point for you as you decide what structure your business will take.

How To Choose The Right Structure for Your Business
In recent years the LLC has become the darling of entrepreneurs and small businesses around the country. But the LLC is not always the best choice. Sometimes a Subchapter S corporation or another structure is preferable. This article helps you choose the right structure for your new business
Why I Avoid Partnerships and Prefer Joint Ventures.
Most partnership problems are caused by lack of a good Partnership Agreement and complex personality and business issues associated with the structure and function of the entity. A Joint Venture structure can be much more user-friendly.
10 Ways to Increase Sales
In today's tough economic climate with customers spending less money, now is the time to develop strategies to increase your sales. This can be done in a number of ways, dependent on your own business structure, staff, customers and goods or services sold.

Organisation structure and job specifications
It's important that in any business, people know what everyone's roles and responsibilities are. Developing your organisational structure is best done by drawing an organogram that can help you visualize your staffing structure.

Answering Service Pricing
Answering service pricing is usually a flat rate structure, on a per minute basis, or billed on a per call basis. Each pricing structure has its advantages and disadvantages.

All Happy Subways are Alike
We study the temporal evolution of the structure of the world’s largest subway networks. We show that, remarkably, all these networks converge to a shape which shares similar generic features despite their geographic and economic differences.

Behavioral Attributes of leaders and followers within an Open Organization Structure.
Organizational design and its effects on employee behavior has become an important focus of the modern organization and its leaders. No longer can employers rely on the traditional models of design structure, function and employee interaction. The current business climate almost instinctively requires organizations and its members to become more agile in their response to the ever changing economic conditions. Organizations must learn to develop processes to share knowledge and resources across boundaries to achieve stated goals. The purpose of this article is to introduce the emerging concept of the Open Organization structure and the behavioral attributes of the leaders and followers within its system.
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