FedEx

Definition

FedEx is a multinational courier delivery services company known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location. It represents a successful example of franchising in the global logistics and transportation industry, contributing to the discourse on employee training, development, and motivation through its operational strategies.

Related terms

Franchising:

A method of doing business wherein a franchisee is granted the rights to create and operate a business under the brand and business model of the franchise owner.

Employee Training and Development: The continuous effort by an organization to enhance the performance and self-fulfillment of their employees through educational methods and training programs.

Computer Networks:

Interconnected systems that allow computers to exchange data and communicate with each other over significant distances, vital for operations in large organizations like FedEx