A Risk Assessment of FedEx Corporation

1781 Words4 Pages
bulb-icon

Recommended: Fedex competitive strategy

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...

... middle of paper ...

...

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

Show More
Related

  • The Civil Reserve Air Fleet

    2228 Words  | 5 Pages

    The Civil Reserve Air Fleet (CRAF) is a network of select aircraft from several commercial airlines that are all committed in various amounts to the Department of Defense (DoD) to provide airlift resources when the capability of U.S. military aircraft is exceeded. This system is designed so that these carriers can provide military cargo movement and troop transportation to anywhere in the world on short notice in the event of a military conflict. In order for airlines to join the CRAF, they must commit at least 30 percent of their long-range passenger fleet and 15 percent of their long-range cargo planes (Fact Sheet, 2004). These aircraft must also be U.S. registered, capable of over water operations, and have at least four complete crews assigned for each aircraft (Fact Sheet, 2004). Airlines that participate in CRAF have provided vital support to our military since the Korean War (Graham, David, 2003). The Persian Gulf War was the first official activation of the CRAF, where two thirds of the troops and one quarter of the air cargo was moved by commercial airplanes (Graham, 2003). Though not officially activated, the CRAF is currently supporting Operation Iraqi Freedom, providing nearly double the amount of aircraft that the DoD has estimated for its most demanding war strategies. This paper will provide a brief explanation of the purpose of the CRAF, its history, the effectiveness of the program, and a quick look towards the future of the CRAF.

    Read More

  • Mission Command in Grenada

    1342 Words  | 3 Pages

    U.S. Joint Chiefs of Staff, Joint Operations, Joint Publication 3-0 (Washington, DC: U.S. Joint Chiefs of Staff, August 11, 2011), III-1.

    Read More

  • UPS Case Analysis

    1148 Words  | 3 Pages

    Real Threat of Substitute Products or Services: High customer satisfaction earned through conscientious drivers, high reliability, and Internet-based tools has kept UPS at the top. UPS has created an economic advantage by assembling a dense integrated global shipping network that is unlikely to be matched by any but a few global players.

    Read More

  • The Chicago Cubs

    2057 Words  | 5 Pages

    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...

    Read More

  • Commander's Intent

    1384 Words  | 3 Pages

    U.S. Joint Chiefs of Staff, Joint Operations, Joint Publication 3-0 (Washington, DC: U.S. Joint Chiefs of Staff, 11 August 2007), pg III-35

    Read More

  • Fedex Case Analysis

    441 Words  | 1 Pages

    Federal Express is the world’s largest package delivery company today. They have been successful mainly because of their technological advancements. Technology has allowed them to have superior customer service and quality that was unparalleled by any company. No company was able to offer overnight delivery of packages with the speed and precision that Federal Express did. Although Federal Express remains ahead of its competition today, their advantages over other firms in the industry are slowly diminishing.

    Read More

  • Why WP Should Apply ERM for Stakeholders

    923 Words  | 2 Pages

    Identify the potential risks which affect the company and manage these risks within its risk appetite;

    Read More

  • Homeland Security: The Mission Of Homeland Security

    1035 Words  | 3 Pages

    Security helps the organization meet its business objectives or mission by protecting its physical and financial resources, reputation, legal position, employees, and other tangible and intangible assets through the selection and application of appropriate safeguards. Businesses should establish roles and responsibilities of all personnel and staff members. However, a Chief Information Officer should be appointed to direct an organization’s day to day management of information assets. Supporting roles are performed by the service providers and include systems operations, whose personnel design and operate the computer systems. Each team member must be held accountable in ensuring all of the rules and policies are being followed, as well as, understanding their roles, responsibilities and functions. Organizations information processing systems are vulnerable to many threats that can inflict various types of damage that can result in significant losses (Harris, 2014). Losses can come from actions from trusted employees that defraud the system, outside hackers, or from careless data entry. The major threat to information protection is error and omissions that data entry personnel, users, system operators and programmers make. To better protect business information resources, organizations should conduct a risk analysis to see what

    Read More

  • Fed Ex vs UPS Case Analysis

    2775 Words  | 6 Pages

    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.

    Read More

  • Baseball History Research Paper

    805 Words  | 2 Pages

    up and running the first so called “First Baseball Game” in history was the …..Knickerbocker Baseball Club versus. The New York Baseball club. This game was played on October 6, 1885. Sadly that game ended in a loss for the Knickerbocker Baseball Club. The final score for the first game in baseball history was 21-1.

    Read More

  • Flayton Electronics Case Study

    929 Words  | 2 Pages

    The risk management plan is for Flayton Electronics following their breach in security of their customer’s information. The document provides an explanation and description of the risk management process undertaken throughout the life cycle of this project. The project manger will be responsible for reviewing and maintaining the Project Risk Management Plan. The manager will ensure that all the risk process factors are appropriate to deal with the risks highlighted in the project.

    Read More

  • Fedex Case Study

    2215 Words  | 5 Pages

    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

    Read More

  • Risk Analysis Report for Woolworths Supermarket

    1626 Words  | 4 Pages

    Woolworths LTD has commissioned EA partners for auditing their supermarkets chains. Therefore it is important to prepare a risk analysis report to be added in the audit plan in order to identify and analyze possible events that could have an impact in achieving the company’s objectives. The element of risk is embedded in every business, the risk of not achieving the company objective. Risk assessment is important to the effective operations of the company. Risk Assessment is increasingly in demand today because of the increase demand in transparency that revolves around risks. The business is under continuous scrutiny of whether the correct mechanism was in place at the time of the crisis or whether the correct information was delivered and so on. This is why risk assessment has become a part of the business auditing today.

    Read More

  • FedEx and Operations Management

    2118 Words  | 5 Pages

    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.

    Read More

  • UPS Case Study

    1776 Words  | 4 Pages

    has grown into a $49.7 billion corporation by clearly focusing on the goal of enabling commerce around the globe.

    Read More

More about A Risk Assessment of FedEx Corporation

Open Document