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A Risk Assessment of FedEx Corporation
Abstract
Many organizations perform risk assessments to measure the amount of risks that could impact their organization, and identify ways in treating them before a major disaster occurs. Risks involve theoretical effectiveness of security measures, loss of impact, threats and vulnerabilities that are common in today's society. FedEx Corporation follows guidelines and policies that are governed by processes by which the company assesses and manages its exposure to risk. The company's major financial risk exposures and the steps management has taken to monitor and control such exposures (FedEx Corporation, 2005).
Introduction
Almost every company in business is face with some risk or potential threat that could cause a huge blow to their organization operations. These risks and threats usually comes from within or outside and organization. In order to prepare for the worst that could happen, organizations must focus their attention on how to assess different types of risk so they could protect themselves from the harm caused by them. Risks involve theoretical effectiveness of security measures, loss of impact, threats and vulnerabilities that are common in today's society.
FedEx Corporation is a 29 billion dollar company that offers a variety of supply chain, transportation, business and related information services (FedEx Corporation, 2006). Today FedEx consists of a network of different companies providing services to many countries around the world. FedEx Corporation is the premier provider of shipping and information services worldwide, and its companies function under the motto of "operate independently, compete collectively and manage collaboratively" (FedEx Corporatio...
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References
FedEx Corporation (2005). Investor Relations: Committee Charters. Retrieved December 2005 from: http://ir.fedex.com/governance/committeechar.cfm.
FedEx Express (2005). Customer Business Objects: FedEx Express. Retrieved September 2005 from: http://www.france.businessobjects.com/global/pdf/clients/casestudy_fedex.pdf
FedEx Infosec (2006). Disaster Recovery. Retrieved 2006 from FedEx (Intranet): http://www.infosec.fedex.com/bcdr/training/class%20workup_files/frame.htm
Network World (1994-2006). Wireless Mobile: FedEx flying high on wireless technology. Retrieved 1994-2006 from: http://www.networkworld.com/yourtake/2002/0225yourtake.html
Sass, H. Arthur, USMC (2000). Secretary of Defense Corporate Fellows Program: Final Report: Federal Express Corporation. Retrieved 2000 from:
http://www.ndu.edu/sdcfp/FedEx%20Final%20Report.doc
On July 27 1959, A new York attorney named William shea had an idea of putting a new baseball team in new York since the dodgers and giants had left for california.So on march 1st 1961 His wish was granted.The new York metropolitan baseball club or “the new York mets” were introduced into the national league.The name of the team was chosen by owner Joan Payson.The other names that were put into thought were the rebels, skyliners, nybs and avengers just to name a few.On April 11,1962 the mets played their first game in franchise history and lost 11-4 to the St Louis cardinals.The first season was a miserable one.Manager Casey Stengel led the mets to a 62-100 record,The worst record in major league history.After a couple of more losing seasons, The mets finally made a move and signed pitcher Tom “the franchise”Seaver,one of the best pitchers who ever played the game. They also picked up power hitting outfielders Donn Clendenon and Tommie Agee. Finally the mets looked like a baseball team.Entering the 1969 season, my father said the mets wewr 160-1 to win the World Series, but the mets shocked everyone winning the national league championship. Now, this is how the mets won their first world series, The batter was cleon Jones, after striking out manager Gil Hodges notices a black mark on the ball. The black mark was shoe polish. Putting shoe polish on the ball makes it spin more and makes it much easier to strike out a batter.
Abner Doubleday may not have known that his game would change people, cities, and an entire nation, but that happened to Milwaukee and the United States. Milwaukee’s “first” baseball game played in 1859, ended after three innings with a score of 40-35 (Mishler 1). Yet, that was only the beginning of Milwaukee’s love affair with baseball. Fans have cheered for Bears, Brewers and Braves, among others. Through thick and thin, Milwaukeeans have supported their heroes and the heroes have given it right back; this is the story of Milwaukee and its main love, baseball.
Chicago Cubs baseball goes all the way back to April 25th, 1876 when they played the first game in the history of the Chicago National League Ball Club. However; at the time, they were not known as the “Cubs.” In general, they were known as the “White Stockings.” But a select few referred to them as the “Colts,” or “Orphans.” The team played in only five different locations in the 1800s because of the lack of places to play baseball at the time. As years went by, the league became popular, becoming one of the sports first dynasties. Chicago won six of the first eleven inaugural National League Championships (Cubs Timeline). In 1902, Frank Selee began managing Chicago to debut his managerial career. Just like managers, the name changed as well. A local newspaper penned the nickname “Cubs” for the first time. The name grew on people over time and was officially adopted in 1907. The year after that, victory arose in the city of Chicago. The season was filled with some of the greatest old-time baseball players. The batting line-up consisted of many good hitters and not jus...
Like any other sport, baseball developed over an extended period of time spanning way back to the 1600’s. The first evidence
Major League Baseball (MLB), in the past, was considered to be America’s pastime. While some people debate MLB still is America’s pastime, others argue that it is the 21st century and other sports have gained popularity. Regardless of where MLB ranks in popularity its impact off of the field has gained popularity. In the past 30 years MLB community involvement has emerged and taken off as an essential function of all 30 major league clubs. MLB has been around for well over 100 years. It has been a staple of history, when looking back on the events of American history; MLB has been a part of a lot of the defining moments. When WWI came about MLB shut down so the MLB players could go fight the war. Jackie Robinson broke the color barrier that
Tygiel, Jules. "Baseball in American History." Professional Sports. Ed. James D. Torr. Farmington Hills, MI: Greenhaven, 2003. 29-37. Print.
... play in 1901. However after luring many premiere National League Players with higher salaries and running a "kinder, gentler league," American League attendance exceeded National League attendance by 600,000 fans in 1902. Early in 1903, the National League granted the American League status as a Major League. With this, came a consistent scheduling system, player contract regulations, and playing guidelines that the two leagues would share. Another product of this agreement was the World Series, which pitted the American league champion against the National League champion in a nine game series (later shortened to seven) that would determine the World Champion of Baseball. In 1903, 16 franchises competed for the first World Series Championship. Though some of these teams have moved to new locations or changed their names, the modern era of baseball began in 1903.
Over history America has changed. From its culture and weapons to its geography and foreign relations, nothing stays the same for long. As America changes, so does its pastime-baseball. If the pros were to walk into a game from the 1800s, they would be lost. Nearly every part of baseball has changed; the field, the equipment, the arrangement of the teams, the way people play the game, even the ball has been tweaked. The only thing that stays the same from decade to decade, century to century, is all that really matters. . . our country’s love for the game.
The sport of baseball in the United States exists in a dynamic social world. Although the sport of baseball has evolved as an international game and other popular sports have emerged, baseball remains America’s national pastime. The sport of baseball has a long history and has experienced numerous cultural changes.
UPS and FedEx are the leading parcel carriers in the U.S. FedEx has significantly expanded their capability to compete with UPS’s dominant ground delivery service. UPS has continued its strong marketing efforts in overnight and deferred air services. Both of these carriers have introduced information systems, which include user-friendly Internet interfaces. The carriers have also expanded logistical services and improved integration with customer supply chains.
Analyze Federal Express’s value creation frontier, and determine which of the four building blocks of competitive advantage the company needs in order to continue to maintain above-average profitability. Provide a rationale to support the response.
FedEx’s quarterly revenue is $11.6 billion and their FedEx Ground average daily volume grew 7 percent in the third quarter, because of business-to-business and home delivery services (Hockett, 2016). Construction for one of the largest private-sector investments ever in the Town of Hamburg is underway. Crews in a Kansas City development firm will be constructing a 320,000-square-foot complex for FedEx Ground Transport. This $50 million dollar project will be home for over 600 employees. This project, many years in the making, dwarfed by the construction of the McKinley Mall in terms of development price (n.d., Fedex to start $50 million hamburg project, 2016). Prior to selecting the Hamburg site, the FedEx real estate team considered other locations in Cheektowaga, Buffalo, Lackawanna and West Seneca. The key being next to a functioning rail line, which is necessary for its transportation needs. The Hamburg site adjoins a functional rail line (n.d., Fedex to start $50 million
In 1913, C.J. Tower & Sons, forerunner to FedEx Trade Networks subsidiary FedEx Trade Networks Transport & Brokerage, begins operation as a customs broker in Niagara Falls, N.Y. It was not until 1971 that Federal Express Corporation was founded in Little Rock, Ark. In 1975, FedEx installed the first drop box for the public and since then the company developed and maintained a strategic leadership in managing a broad group of transportation services, e-commerce and other business services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Freight, a leading provider of regional less-than-truckload freight services; FedEx Custom Critical, the world's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions. (www.fedex.com)
FedEx is the world’s largest express delivery, ground small-parcel delivery, less-than-truckload freight delivery, supply chain management, customs brokerage, trade facilitation and e-commerce solutions company with more than 145,000 employees worldwide and delivering more than 3.2 million packages daily. They command a fleet of 634 aircraft and more than 42,500 vehicles. FedEx offers various international packages and document delivery services to 214 countries, as well as international freight services and also offers commercial and military charter services. On 12-Feb-2004, FedEx Group acquired Kinko's, Inc. Now it also provides document solutions and business services, including copying and printing services, signs and graphics, videoconferencing, high-speed wireless and wired Internet access and computer usage.
FedEx is one of the world’s largest freight companies it is based in Memphis, Tennessee and employs more than 290,000 employees and contractors worldwide.