Frederick smith founder of FedEx

SAFETY, VALUE, QUALITY, RELATIONSHIP REWARDS & Waqas mehmood ETHICS.

Baf05103051 Miss Sobia Entrepreneurship

oBorn:

Fred smiths earlier age

august 11,1944 in marks, Mississippi
Yale university Ba 1966 son of Frederick c. (businessman)

oeducation: oFamily:

oCareer:
oFedEx: oAwards:

ark airlines 1969-1971,

owner of FedEx corporation 1971

peter f. ducker strategic leadership award 1997, C.E.O. of year for 2004,

Road to FedEx
At

Yale university 1966 Presented the FedEx idea The professor was not impressed and gave Smith a grade of C for his work But idea stayed with him for few more year to accomplish In 1966 completed the degree with economics and joined us marine as second lieutenant and send to south Asia during Vietnam war. In 1969 he was honorably retired as caption form U.s marine co

A radical idea
In

1970 smith revisited the idea of FedEx

with federal reserve system for there services now become fleet of plans

Contracted Idea

Unable

plan

to convince the federal reserve service about his

to do intensive advertisement for his idea

Decided

FedEx express corporation

On

June 18 1971 smith created FedEx corporation

With

14 jets and several vans FedEx is ready to go in 25 cities nationwide people were encouraged by his new venture

few

Business journey of FedEx

FedEx its 2 years was grim His first

night flight was contains 186 packages

FedEx lose 29 billion in first two years of operations In 1976 company showed first profit by delivering everything Besides the competition with ups their customer growing well In 1978 company begin sell its shares in new York stock exchange and in

1984 its was a milestone

Global business

In 1984 smith created zipmail in 1988 bought flying tiger in for $ 880 million in 1994 flying tiger changed into FedEx and introduced a InterNetShip by 1997 FedEx has 120000 employers with 37000 trucks world wide delivered 2.5 billion packages a day in 211 countries. in 1998 FedEx formed fdx company which oversaw domestic and international operation of organization

A vision of future

company as internet partners

In end of 1990 made sun data

in 2003 purchased kinko printing store in $2.4 million

A company culture

smith operated his company on p-s-p premise

People

Profit

Service

workers benefit schemes

sources for further information

Buttner, Brenda, "FedExCEO Interview," America's Intelligence Wire , December 30, 2003.

"Chief Executive Magazine Names FedEx's Fred Smith CEO of the Year," Internet Wire , May 25, 2004.
Geci, John, "Presenting the Winner of the 1997 Peter F. Drucker Strategic Leadership Award: FedEx's Frederick W. Smith," Strategy and Leadership , September-October 1997, pp. 3031. Hafner, Katie, "Fred Smith: The Entrepreneur Redux," Inc. , June 1984, pp. 3840.

Hirschman, Dave, "FedEx Founder Has Been a Vocal Critic of Postal Service," Knight RidderTribune Business News , September 11, 2000.
Linden, Eugene, "Frederick W. Smith of Federal Express: He Didn't Get There Overnight," Inc. , April 1984, pp. 8889. "Smith, Frederick," Current Biography Yearbook 2000 , pp. 517520. Tatge, Mark, "Start the Ground War," Forbes , November 26, 2001, p. 146.

Tucker, Robert B., "Federal Express's Fred Smith," Inc. , October 1986, pp. 34+.
Williams, Winston, "Interview," New York Times , January 7, 1979.
Meg Greene