Fedex Essay

1716 WordsOct 12, 20137 Pages
Abstract We will look at the Federal Express Corporation and all of its divisions to determine what are the strengths, weaknesses, opportunities, and threats of the business today. We will analyze what steps they used in the past to grow and determine if they need to make a strategic change in order to grow and advance in the next three to five years. We will suggest a strategy or point out the best procedure they should continue to follow. History/Overview Federal Express Corporation began in 1971as a logistics business, primarily through delivery services. Logistics is basically getting the right item to the right place at the right time. This delivery service business plan was conceived by Fred W. Smith for an assignment in his economics class at Yale University in 1960’s. The plan that Fred wrote became a reality in April, 1973, with overnight delivery service to 25 cities (FedEx History in APAC, N.D.). Today the corporation has seven companies with $44 billion in annual revenues. Today’s classification of FedEx is information/logistics as they do much more that just deliver packages. The companies under the FedEx Corporation are FedEx Express, FedEx Ground, FedEx Freight, FedEx Supply Solutions, FedEx Office, FedEx Trade Networks, and FedEx Custom Critical. There are five headquarters to oversee all these divisions. They perform 7.5 million deliveries daily in over 220 countries using 320,000 employees (FedEx Overview and Facts, 1995-2013). Today, as in the beginning, Fred Smith takes a hands-on approach to leading the company strategically. Their mission is to provide superior financial returns for the shareholders. FedEx has a strategy first to compete collectively by being one brand worldwide. Secondly, they strive to operate independently to focus on the individual needs of the customer. And third is to manage collaboratively

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