Frederick W. Fred Smith Chairman President and CEO at Fedex Corporation Term Paper

Pages: 3 (1086 words)  ·  Bibliography Sources: 4  ·  File: .docx  ·  Level: College Senior  ·  Topic: Business

¶ … tenure Frederick W. (Fred) Smith Chairman, president, and CEO at FedEx Corporation. While this paper will not just be a report Smith's tenure, but it will actively analyze his leadership of the FedEx Corporation and how he has affected the placement of the company in the market against its competitors such as UPS. We will see how he has combined the best of Yale and the Marine Corps to give the company a leading edge in the package delivery business.

Analysis-Literature Review-Biography

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Fred Smith, is the founder CEO of FedEx, the first overnight express delivery company in the world, and the largest in the nation. To really grasp the concepts that he used in the formation and launch of the company, we really should examine the story in his own words. A former Marine Aviation pilot in Vietnam, Smith founded Federal Express. In 1973, the company began offering service to cities, beginning with small packages and documents. The focus was upon developing an integrated air-ground courier system something that had never been done before. What guided Smith more than anything else according to his own words were the leadership qualities that he developed as a Marine officer in Vietnam that have guided his company from the beginning. These principles, plus his days at Yale came together in FedEx. In his philosophy, he tells his managers to rely on their subordinates, delegate and to praise in public for a job well done ("Frederick w. smith:," 2012).

II-Example and Explanation of Leadership Qualities

Term Paper on Frederick W. Fred Smith Chairman President and CEO at Fedex Corporation Assignment

According to Smith, FedEx places a great amount of stock what he terms its fundamental business strategy, that is fulfilling a large (and previously unmet) need in the express, overnight shipment of courier packages by air. This strategy has affected the key marketing decisions that the company has made and also the innovative operational concepts that the company has developed. FedEx began this way as a small startup firm with just eight airplanes. From there, the philosophy grew the company into a global transportation company that brings in more than $38 billion a year, employs 300,000 people, serves 220 countries and delivers millions of shipments per day (ibid.).

The key to FedEx has been and always will be a leader in delivery vehicle technology. As Smith said in an interview for FORA TV that this command of technology in ground and air gives the company an edge. This includes pushing the technology in hybrid and electric ground vehicles. The company uses technology to cut costs, stay in conformity with government regulations and thereby leverage more share this way (Smith, 2010). Innovation in other areas as well ensures that the company keeps an edge over its competitors.

One thing that has allowed Smith to decisively put his company out front is vision. Interestingly enough, Smith identified the need for a company like FedEx as a business student at Yale before he entered the Marines. At Yale, he wrote a paper on the unmet need for a reliable overnight delivery service company in a computerized information age. The unnamed professor found Smith's premise improbable and according to Smith's recollection and memory, he only received a C. On the paper. The idea remained with him and consumed him until the end of his… [END OF PREVIEW] . . . READ MORE

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APA Style

Frederick W. Fred Smith Chairman President and CEO at Fedex Corporation.  (2012, March 19).  Retrieved February 26, 2021, from https://www.essaytown.com/subjects/paper/frederick-w-fred-smith-chairman-president/2555792

MLA Format

"Frederick W. Fred Smith Chairman President and CEO at Fedex Corporation."  19 March 2012.  Web.  26 February 2021. <https://www.essaytown.com/subjects/paper/frederick-w-fred-smith-chairman-president/2555792>.

Chicago Style

"Frederick W. Fred Smith Chairman President and CEO at Fedex Corporation."  Essaytown.com.  March 19, 2012.  Accessed February 26, 2021.
https://www.essaytown.com/subjects/paper/frederick-w-fred-smith-chairman-president/2555792.