28 Oct You will continue to research and write a section for the Strategic Audit Report this week by creating three different components under Section II of the Strategic Audit Report (Strategic Pos
You will continue to research and write a section for the Strategic Audit Report this week by creating three different components under Section II of the Strategic Audit Report (Strategic Posture and Corporate Governance Section).
Researching these areas will help you gain a better understanding of your strategic audit company's current financial position, what they do and their future direction, and the makeup of their leadership team. Having a firm understanding of where your company is currently will enable you to identify issues that need to be corrected and improved upon for the future.
The company that your strategic audit report will focus on is FedEx. Review the attachment section for more background information on FedEx.
Provided are the guidelines/questions to complete each part:
- How has the company performed over the past year in terms of investment, market share, and profitability?
- What are the company’s mission and vision statements? Please ensure the statements are from a valid source, such as the organization's website. If the company does not have a listed mission or vision statement, then write one for them. Explain what makes a good mission and vision statement and what makes bad ones. Use a reference (correctly cited) to support your explanation/perspective. Then explain if your company's mission and vision statement (or the one you have written for them) is a good one or a bad one and why.
Review the link for the following video explaining how to write a mission and vision statement. (https://www.youtube.com/watch?v=b2MyaR0gMo0)
3. List the company’s board of directors by name, if they are internal or external board members, what year they were elected to the board, what they do on the board for your company, and what their level of management is.
Parts 1, 2, and 3 of your assignment should be one page in length each.
· All pages should be double-spaced, with sources cited and referenced using current APA formatting.
· You should have a total of three (3) pages upon completion of all parts. Compile all pages of your document to submit to this assignment.
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Strategic Audit Report
Student Name
Lecture Name
Course
Date
Strategic Audit Report
History and Background of the company
The selected organization for this discussion is FedEx Corporation. Federal Express Corporation, now known as FedEx, was founded in 1971 by Frederick W. Smith. The company began operations in 1973 with 14 small aircraft and a team of just 500 people. FedEx was created to take advantage of the deregulation of the airline industry (Roadshow, 2019). Prior to this, all airlines were required to use the same rates and routes, which made it difficult for new companies to compete. But with deregulation, FedEx was able to create a more efficient shipping network that quickly gained popularity. Today, FedEx is a global company with over 390,000 employees and a fleet of over 650 aircraft.
The company offers a variety of services, including express shipping, ground shipping, freight, and even printing and copy services. FedEx has been widely successful, due in part to its innovative use of technology. For example, the company was one of the first to use barcodes to track packages. It also developed the first real-time package tracking system, which allowed customers to see exactly where their packages were at all times. In recent years, FedEx has faced some challenges, such as the increasing popularity of e-commerce and the rise of competitor UPS. However, the company has continued to adapt and innovate, making it one of the most successful shipping companies in the world.
What FedEx organization does and who its target audience is
FedEx is a global company that provides transportation, e-commerce, and business services. Its target audience is businesses and individuals who need to ship items domestically and internationally (Dhir, 2019). FedEx Corporation offers a range of services, including transportation, e-commerce, and business services. Its transportation services include air and ground shipping, freight forwarding, and third-party logistics. Its e-commerce offerings include online retail, business-to-business, and business-to-consumer sales. Its business services include printing, copying, and marketing. The company has a wide range of customers, including businesses, government agencies, and individuals. Businesses use FedEx to ship products domestically and internationally. Government agencies use the company's services to send items to military personnel and to ship humanitarian aid. Individuals use FedEx to send items to family and friends.
References
Dhir, S. (2019). Federal Express. In Cases in Strategic Management (pp. 91-105). Springer, Singapore.
Roadshow, N. D. (2019). FedEx Corp.(FDX). Transportation Research, 501, 377-2298.
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