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STRATEGIC AUDIT OF FEDEX CORPORATION

STRATEGIC AUDIT OF FEDEX CORPORATION

The strategic audit of FedEx Corporation addresses seven specific major issue areas. The major issues analyzed are: Background; External environment analysis; Internal environment analysis; Strategy; Structure of the organization and control; past performance analysis; and Future performance prediction.

Fred Smith recognized the need for a reliable, overnight delivery service. Smith presented the idea in a Yale term paper in the 1960s, and received a "C" grade for his efforts. Between 1969 and 1971 Smith, however, secured $90 million ($40 million from investors, $8 million from his family, and $42 million in bank financing) to launch Federal Express as the then largest startup funded by venture capital. Federal Express began offering overnight and second-day delivery to 22 American cities in 1973 (FedEx Corporation Overview, 2004).

Today, The FedEx Express unit is one of the five subsidiary organizations that comprise Federal Express. FedEx Express is the global market leader in express transportation. The firm moves an average of three million packages daily (FedEx Corporation Overview, 2004).

FedEx Ground is a subsidiary of FedEx Express. FedEx Ground provides ground delivery of packages in North America. FedEx Freight is a less-than-truckload carrier. FedEx Freight operates throughout the United States. FedEx Freight has two operating subsidiaries รน FedEx Freight East and FedEx Freight West (FedEx Corporation Overview, 2004).

FedEx Custom Critical is an expedited surface carrier. FedEx Custom Critical specializes in urgent freight deliveries. FedEx Trade Networks operates internationally. FedEx Trade Networks provides customs brokerage and freight forwarding services to international shippers (FedEx Corporation Overview, 2004).

FedEx Corporation is headquartered in Memphis, Tennessee. The distribution of the FedEx Corporation's 2003 revenues by service is summari...

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STRATEGIC AUDIT OF FEDEX CORPORATION. (1969, December 31). In LotsofEssays.com. Retrieved 03:02, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1688979.html